The truth is, seeing Singapore top the charts as Asia’s priciest city in 2025 wasn’t a huge shock. You feel the pinch almost instantly—whether it’s wincing at an $8.50 strawberry matcha latte, grappling with the insane cost of a Car Ownership Entitlement (COE), or just trying to secure an affordable rental. But seriously, what does that daunting headline figure actually mean for your wallet?
We need to peel back the layers on the 2025 cost of living, focusing on the critical budget categories for anyone moving here or just trying to survive.
Housing: The big bite out of your salary
Housing is your largest expense. Rooms in shared flats start around $500/month, while entire apartments can run $1,500–$7,000+ depending on location and type (HDB vs condo). If you’re buying, expect hefty down payments and loan instalments — think $1,000–$3,000/month for many buyers, and far higher for private properties. Tip: live slightly outside the CBD to save, and use public transport — MRT is efficient.
Transport: Save by skipping a car
Cars are famously expensive — between COE, insurance and upkeep, owning one can add $2,000–$3,000/month. Most people rely on MRT, buses and Grab. Budget $120–$230/month if you mostly use public transit and occasional ride-hailing. Want cheaper nights out? Plan return trips before peak surcharge times.
Food & daily living: Eat smart, save more
Cook at home and use hawker centres — a home-cooked grocery month can be about $280, while hawker meals cost $3–$6. Fancy dining and cafe culture add up fast: casual cafe coffees cost $7–$9, and a mid-range dinner is $20–$30.
Utilities, health and recreation: Budget the extras
Utilities and mobile data are modest compared to housing. Expect basic mobile plans at $8–$12/month and electricity/water varying by household size. Health insurance premiums depend on coverage; set aside a bit monthly or opt for employer plans when available. For fun, movies and drinks add another $100–$300/month depending on lifestyle.
Bottom line: It depends on choices — not just the headline
Yes, cost of living in Singapore 2025 is high — but your lifestyle controls most of the numbers. Live shared, cook more, use public transport, and pick local experiences over imported luxuries. Small changes shrink that headline figure into something manageable.
Frequently Asked Questions
Is Singapore affordable for entry-level salaries?
Entry-level pay can cover basics if you choose shared housing and cook at home. But expect tight budgets — prioritize location, commute, and employer benefits like transport or housing allowances.
Do I need a car in Singapore?
No. Public transport is reliable and cheaper. Owning a car is a luxury that adds thousands each month due to COE, insurance, and parking.
How much should I budget monthly as a mid-range expat?
A comfortable mid-range lifestyle typically needs around $3,000–$3,500/month covering rent (shared condo), transport, food, utilities and modest recreation.