How much Salary do you need to Live in Singapore?

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According to Numbeo on Singapore cost statistics: World’s largest cost of living database
Family of 4: $5.5K per month, without rent
Single: S$1.5K per month, without rent
Considering to work in Singapore? In this video, we shall discuss the various cost assumptions for your consideration to move for work in Singapore
Rent
Utilities
Transportation
Food
Total for now
$1200 rent
$100 utilities
$150 Transportation
$500 Food
$150 Grocery & etc
$2,100 per single pax
Assume no expensive hobbies: Drinking, smoking, nightclubs, beauty services, travel and no kids
50% needs, 30% wants, 20% save
50% = $2,100 (necessary expenses)
30% = $1,260 (travel, wedding, house)
20% = $840 (savings, investments)
Income = S$4,200 after deductions e.g. tax, cpf, insurance
S$5,250 gross before CPF for PRs
Comfortable amount $5.5-$6K
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[@HoneyMoneySG]

Sponsor: 🐮 Moomoo SG hmsg.link/sgmoomoo Get 6.8%*p.a. guaranteed return with Moomoo Cash Plus for up to 31 days Total Rewards up to S$900* (inclusive of S$20 Cash Coupon KOL Bonus) *T&Cs apply. 📙 Advanced Credit Card Mastery Course: hmsg.link/accm ☕️ Support me at Ko-Fi: hmsg.link/shop 🔭 Telegram Group: t.me/HoneyMoneySG 📷 Instagram @HoneyMoneySG instagram.com/honeymoneysg 🎵 TikTok www.tiktok.com/@honeymoneysg 📧 Email (Business only): [e-mail] 🕸️ My Website: hmsg.link/website INVESTING 📈 Interactive Brokers: hmsg.link/ibkr 🐂 Webull Singapore hmsg.link/sgwebull 🐯 Tiger Brokers SG Code HONEYMONEY: hmsg.link/sgtiger 🌉 Longbridge SG Code UIKHFMD9 hmsg.link/longbridge 💹 CMC Invest hmsg.link/cmcinvest 🐬 uSMART Code nn8gx7 hmsg.link/sgusmart 📝 POEMS Cash Plus: hmsg.link/poems 💵 ProsperUs Code: HONEYMONEYSG hmsg.link/prosperus 📗 Seeking Alpha Premium Offer hmsg.link/seekingalpha 📈 IBSG Sign-up hmsg.link/ibsg

[@BrianAlbert-hh3pi]

The cost of living seems to be increasing every year, making it harder to keep up.

[@madmario8731]

You consider wrongly, for someone that is coming to Singapore will not contribute to CPF if they are not PR or citizens.

[@misakilim0598]

Yeah, their only concern is the tax is much higher so he should calculate based on the tax rate, which would be around 15% of their annual salary. But it’s still close to that pay rate tho, roughly 5k per month if they’re a foreigner

[@mariadrukker2557]

Determining the salary needed to live comfortably in Singapore involves considering various factors like housing, transportation, and daily expenses. High rental costs and the overall standard of living in Singapore can pose challenges for expatriates and locals alike. It's essential to create a comprehensive budget to understand your financial requirements accurately.

[@sleefy2343]

As a Singaporean I’d say $5000~$6000

[@EZJRVCXY]

vote wisely..

[@Ripster11]

is it true that salaries in singapore are so low? like sgd 6k for a financial analyst? in the US salary is like twice

[@au81512]

How much is your take home pay after tax over at mehrica ? Your sgd 6k reference is what level ? Fresh grad ? Your 12k mehrica is what level ? Give some context la when u wanna compare. Omg 🙄.

[@Ripster11]

@@au81512 such a retarded answer. of course i am comparing the same level. SGD 6k is a master's grad in SG or a janitor in California xD

[@hzzoni9563]

The cost of living also different

[@sleefy2343]

Depends on which Singapore jobs

[@EricaWaters-lr6zw]

The cost of living seems to be increasing every year, making it harder to keep up.