Things to Consider When Looking at the Cost of Living in Singapore

There are many things to consider when looking at the cost of living in Singapore. It can be difficult to come up with a fair comparison, but you may be able to come up with a rough estimate. This article is going to discuss the general things that you should consider when looking at the cost of living in Singapore.

Accommodation is an important aspect of the cost of living in Singapore. The standard of accommodation available to residents of Singapore is very high. Singapore has excellent public housing facilities and even has an urban growth boundary that is much more flexible than other countries.

This will vary according to the area you live in and the average cost of living in Singapore is relatively low. These areas have little footfall and therefore provide minimal opportunity for property prices to fluctuate. However, it is important to be aware that there are some major urban centers that are considered off-limits to most foreigners.

Other expenses include the price of your utilities. Electricity and water bills are fairly high in most areas. Since the water and electricity costs can be significantly lower than residential rates in some countries. Water is usually free during summer months when most Singaporeans bathe.

Medical expenses are also a major cost. Although the Singapore government has been active in the care of the elderly for a long time, this remains a major expense. Anesthetics are a pricey proposition and a medical bill will rack up pretty quickly.

Getting around is also costly, especially if you use quality public transport. Basic public transport fares can cost you as much as twenty dollars for a round trip on the metro or buses. Transport fares are generally expensive if you don’t use it often, although they are a reasonable enough price for most commuters.

Some businesses choose to keep their own staff during holiday times. You will be charged extra for any extra work you do during the holidays. These types of businesses will often offer discounts during the holiday season to attract regular customers.

Food and drinks are another major expense. A variety of restaurants in Singapore have reasonable prices, but there are restaurants in every part of the city that will charge high prices for food and drinks. Even the food stalls within shopping malls are expensive.

Gas is another cost you should be aware of. A tank of gas can easily run up to two hundred dollars during peak periods. Since Singapore is a country where cars are very popular, it is normal for a car to have its gas topped up regularly.

Furniture can also be a major cost. If you live in an apartment, you should be aware that there will be minimal storage space. If you need extra furniture, it is going to be quite expensive to buy or rent a unit.

Clothing and clothes are another area that can be very expensive. Most local clothing shops only carry a few styles and colors of clothing. Most shopping malls in Singapore will have a few shops that specialize in clothes and accessories.

The cost of living in Singapore is very low compared to other cities. To keep up with the low cost of living, there are a number of things you can do to reduce your expenses.