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Cost of Living in Singapore: A Complete Guide

Updated on 29 April, 2024

Akansha Semwal

Akansha Semwal

Study Abroad Expert

Singapore is a desirable study abroad destination. This is because the study and living expenses in Singapore are much less than those in the USA and the UK. Not just affordability, Singapore is also home to an advanced education system and rich cultural and academic experiences.

Apart from top-notch education, Singapore is also praised for its fast-paced economic development and urban planning. This country also holds the reputation of being one of the safest for tourists and students; therefore, pursuing higher education in Singapore can be a life-changing decision.

Another reason why Singapore is one of the best destinations for seeking higher education is its cultural diversity. The country has four official languages, including English, Chinese, Tamil, and Malay, and hosts more than 55,000 international students every year. Read further to know about the cost of living in Singapore in detail.

What is the Cost of Living in Singapore for Indian Students
The cost of living in Singapore for Indian students varies based on the type of accommodation chosen, the location of the apartment, the food and transportation expenses, and the list of personal expenses. Let's find out the cost of living in Singapore for a single person in detail: 

Housing Costs in Singapore

Housing Cost Per Month
On-Campus$325 to $605 
Off-Campus$3,769 (one bedroom in the city center) 
$2,666 (one-bedroom outside the city center)


TransportationCost in SGD
Monthly Travel Costs$200
Monthly Pass$128


UtilitiesCost Per Month
Miscellaneous $40 to $100  

Healthcare Costs

Healthcare TypeAverage Bill Size
Public Hospital$1,012 to $7,876
Private Hospital$3,906 to $24,687 

Entertainment and Recreation

Entertainment and RecreationCost
TV Unit$600 to $10,000  
Movie Tickets$10
Concert Tickets$12 to $150 

Food and Dining

Food and DiningCost 
Restaurant$100(meal for two in a mid-range restaurant)

Average Tuition Fees in Singapore for International Students

The average tuition fees for international students studying in Singapore are as follows: 

DegreeAverage Annual Tuition Fees 
Undergraduate $17,000 to $69,000
Postgraduate$19,000 to $35,000
PhD or Doctoral
  • $21,500 With MOE (Ministry of Education) subsidy
  • $38,950 Without MOE (Ministry of Education) subsidy

Living in Singapore: Things to Know

If you planning to move to Singapore to pursue your higher education, here are five things to know:

  • Living in Singapore is expensive for Indian students, and the accommodation costs are higher. The average cost is between INR 40,000 to INR 1 lakh per month. 
  • Singapore has a relatively low-income tax and a GST of 7%, which is applicable to a majority of consumer goods. 
  • Getting a student visa is necessary to pursue higher education in the country.
  • Singapore has been regarded as the best in the world when it comes to reading and science. 
  • Singapore has four official languages: English, Chinese/ Mandarin, Malay, and Tamil. 
  • The climate of Singapore is hot and humid all year long as it is located close to the equator. 
  • Singapore has the lowest crime rates, so it is safe for students to live and study. 
  • Undergraduate and postgraduate students, if they serve the Singaporean government, can receive a subsidy for tuition fees. 
  • You can start earning in Singapore before completing your chosen degree.
  • Singapore offers various fun sports activities, including windsurfing and wakeboarding. 

Cost-Saving Tips in Singapore

If you wish to cut down on living expenses in Singapore, you can consider the following cost -saving tips that are proven effective:

  • Keep a regular track of your expenses.
  • Shop groceries and other utilities from apps that give discounts.
  • Choose the M1 family line plans to cut down on mobile bills.
  • Invest your money in savings accounts offering high-interest rates.
  • Invest more in your CPF Special Accounts or Retirement Accounts (RA) to get maximum tax relief.

Singapore vs Other Countries: A Cost of Living Comparison

A brief comparison of the average cost of living in Singapore per month and other countries has been listed below in the table: 

Average Costs Per MonthSingaporeIndiaUSAUK

$3,769 (INR 2,31,489.34) (one bedroom in the city center)


$2,666 (one- bedroom outside the city center)

INR 17,526 (one bedroom in the city center)


INR 11,044(one- bedroom outside the city center)


$1,778 (one bedroom in the city center)


$1,463 (one- bedroom outside the city center)



£1,068 (one bedroom in the city center)


£880 (one- bedroom outside the city center)



$100(meal for two in a mid-range restaurant)


INR 1,200 (meal for two in a mid-range restaurant)

$75 (meal for two in a mid-range restaurant)


£60 (meal for two in a mid-range restaurant)



$128(monthly pass)

$2 (one-way train ticket)

INR 1,000 (monthly pass)


INR 30(one-way train ticket)

$72 (monthly pass)


$2.50(one-way train ticket)

£67.80 (monthly pass)


£2.40 (one-way train ticket)



Even if the cost of living in Singapore with rent is quite high, it is still an ideal study destination to access high-quality education. It is also an ideal country to witness a beautiful blend of Asian and European cultures and meet with students from diverse communities sharing similar dreams. 

Frequently Asked Questions

How Much Does 1 SGD Cost in INR?

At present, (April 2024) 1 SGD is equal to INR 61.30

What is the monthly cost of living in Singapore?

The average monthly cost of living in Singapore for a single person is approximately S$1527.8 without rent; converted to INR, this is ₹93,509 per month.

What is the cost of living in Singapore in Indian rupees?

The monthly living cost for a single person in Singapore without rent is INR 93,509.  

How expensive is rent in Singapore?

The rent for a one-bedroom apartment in Singapore's city center is S$3,769 per month; for an apartment outside the city center, the approximate rent is S$2,666 per month. 

Is living in Singapore expensive?

Yes, living in Singapore is expensive. Worldwide Cost of Living (WCOL) and the Economic Intelligence Unit have ranked it as one of the most expensive countries in the world. 

Is Singapore cheaper than India?

If we compare the cost of living in Singapore vs India, Singapore is much more expensive than India. According to various sources, consumer prices, including rent, are approximately 429.6% higher than in India. 

How much does it cost to live in Singapore for an Indian family in 2024?

The estimated monthly cost of a family of four living in Singapore is approximately INR 3,37,965 (without rent). 

How much does it cost to live in Singapore for an Indian Student in 2024?

The average monthly cost of living for an Indian student studying and living in Singapore in 2024 is approximately S$2,000, including rent, food and groceries, travel, books, and personal expenses.

Akansha Semwal

Study Abroad Expert

Akansha Semwal is a content marketer at upGrad and has also worked as a social media marketer & sub-editor. Experienced in creating impressive Statement of Purpose, Essays, and LOR, she knows how to captivate the attention of Admissions Committee. Her research-driven;study-abroad articles helps aspirants to make the prudent decision. She holds a bachelor's & master's degree in Literature from the University of Delhi.

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