As an expat in Singapore, it’s natural to compare the cost of living here with other popular expatriate destinations. Singapore is often lauded for its high standard of living, safety, and excellent infrastructure, but it also comes with a hefty price tag. In this article, we will analyse how Singapore’s expenses stack up against other expat hotspots like Hong Kong, Dubai, Sydney, Bali, and London. *** The Aussie dollar fluctuates constantly in comparison to SGD, so a lot of these conversions are general from AUD to SGD. When I moved to Singapore, it was one for one, but as of today, SGD 1 is equivalent to AUD 1.20.

1. Housing Costs

Singapore: Housing can be one of the most significant expenses for expats. Depending on the location and type of accommodation, monthly rents for a two-bedroom apartment can range from SGD 2,500 (although I’m seeing less on this price range) to SGD 5,000 in popular districts.

Hong Kong: Often regarded as one of the most expensive cities globally, housing in Hong Kong can be even pricier than in Singapore. A similar two-bedroom apartment in central areas can cost upwards of HKD 30,000 (approximately SGD 5,200).

Dubai: In contrast, Dubai offers more affordable housing options. A two-bedroom apartment in a desirable area may range from AED 7,000 to AED 12,000 (approx. SGD 2,400 to SGD 4,200).

Sydney: The rental market in Sydney is competitive, with costs ranging from AUD 2,500 to AUD 4,000 (approx. SGD 2,400 to SGD 4,800) for a two-bedroom apartment in the city centre.

Bali: Bali stands out as a budget-friendly option. A two-bedroom villa can be rented for as low as IDR 6,000,000 to IDR 12,000,000 (approx. SGD 570 to SGD 1,140), making it an attractive option for expats seeking affordability.

London: Housing in London can be steep, particularly in central areas where a two-bedroom apartment can range from GBP 2,500 to GBP 4,000 (approx. SGD 4,500 to SGD 7,200).

2. Transportation

Singapore: The public transport system in Singapore is efficient and affordable. A monthly use of public transport costs around SGD 120, while taxis and rideshare services are readily available.

Hong Kong: Similar to Singapore, Hong Kong has an excellent public transport system. A monthly pass costs around HKD 600 (approx. SGD 102), making it comparably priced.

Dubai: Public transport options in Dubai are limited compared to Singapore and Hong Kong, but the metro system is expanding. A monthly pass costs AED 300 (approx. SGD 110).

Sydney: Sydney’s public transport system can be expensive, with monthly costs around AUD 200 (approx. SGD 200).

Bali: Transportation in Bali is typically by scooter or car rental, with costs being relatively low. A scooter rental can average around IDR 1,000,000 (approx. SGD 95) per month.

London: The cost of public transport in London can be higher, with a monthly pass costing around GBP 150 (approx. SGD 270).

3. Groceries and Dining Out

Singapore: Grocery prices in Singapore can be higher than in many countries, with a monthly grocery bill averaging around SGD 400 to SGD 600. Dining out ranges from SGD 5 for a local meal (in local hawker centres) to SGD 100 or more for nicer restaurants or fine dining, and in the SGD 200 and above price point for buffets.

Hong Kong: Groceries can be slightly more expensive than in Singapore, averaging around HKD 3,000 (approx. SGD 510) per month. Eating out can also be pricey, with meals ranging from HKD 50 to HKD 1,000 (approx. SGD 8.50 to SGD 170).

Dubai: Grocery prices are relatively affordable, averaging around AED 800 (approx. SGD 300) per month. Dining out can vary widely, with local meals costing AED 30 (approx. SGD 11) and upscale dining ranging much higher.

Sydney: Groceries in Sydney can be similar to Singapore, costing around AUD 600 (approx. SGD 600) monthly. Dining out can be pricey, with local meals averaging AUD 25 (approx. SGD 25).

Bali: Grocery costs are significantly lower, averaging around IDR 2,000,000 (approx. SGD 190) per month. Dining out is also economical, with local meals often costing less than SGD 5.

London: Grocery prices in London can be high, with average monthly costs of GBP 300 (approx. SGD 540). Restaurant meals can range from GBP 10 to GBP 100 (approx. SGD 18 to SGD 180).

4. Healthcare

Singapore: Healthcare in Singapore is of high quality, but costs can add up. A typical health insurance plan for expats can be around SGD 3,000 to SGD 6,000 per year.

Hong Kong: Healthcare costs are comparable, with expats typically spending around HKD 30,000 (approx. SGD 5,100) annually for health insurance.

Dubai: Healthcare costs are generally lower, with health insurance averaging around AED 8,000 (approx. SGD 3,000) annually.

Sydney: Healthcare can be more expensive, with health insurance plans costing around AUD 2,000 to AUD 3,000 (approx. SGD 2,000 to SGD 3,600) yearly.

Bali: Healthcare is affordable, but quality can vary. Expat health insurance plans may range from IDR 2,000,000 to IDR 5,000,000 (approx. SGD 190 to SGD 480) annually.

London: Healthcare is often covered by the NHS for residents, but private health insurance can range from GBP 1,000 to GBP 2,000 (approx. SGD 1,800 to SGD 3,600) annually.

In conclusion, while Singapore is one of the more expensive cities for expats, it offers a unique blend of quality of life, safety, and cultural diversity. Housing costs are a significant factor, especially when compared to cities like Dubai and Bali, which offer more affordable options. Transportation and healthcare costs are relatively competitive, but groceries and dining out can add to your monthly budget.

Ultimately, the best choice for an expat depends on personal priorities, lifestyle, and financial situation. Each city has its own unique advantages, and understanding the cost of living in relation to those factors is crucial for making an informed decision.