Singapore
Singapore is a unique city-state located in Southeast Asia, situated at the southern tip of the Malay Peninsula. Despite its small geographical footprint of approximately 728 square kilometers, Singapore is a global powerhouse of economic development...
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With a safety index of 78/100, Singapore offers good safety conditions for expats and their families.
Singapore offers visa-free entry to citizens of over 190 countries and jurisdictions, including the United States, United Kingdom, Canada, Australia, and most EU nations, for short-term tourism, business, or social visits up to 90 days. Travelers must hold a passport valid for at least 6 months from the date of entry, proof of onward/return travel, sufficient funds, and entry documents for the next destination if applicable. All visitors must submit the free SG Arrival Card (SGAC) online with an electronic...
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85% above EU avg
19% above EU avg
Near EU average
57% above EU avg
Baselines based on EU averages. Source: Numbeo indices.
Capital
Singapore
Timezone
UTC+08:00
Area
710 km²
Population
5,685,807
Singapore shows a purchasing power index of 110/100, indicating excellent economic conditions for expats.
GDP
$466.79B
HDI
0.9
Quality of Life
68/100
+25 vs NYC
Purchasing Power
46/100
+4 vs NYC
Understanding the economic landscape is essential for evaluating living costs and opportunities in Singapore. This comprehensive overview covers key financial indicators including cost of living, housing markets, income levels, and fiscal policies that shape daily life and long-term financial planning.
Cost of Living Index
CPI: 88.4 (NYC=100 baseline), expensive overall. Groceries: 78.9, Rent: 68.9, Restaurant Prices: 55.4 indicate moderate to high costs for expats.
Housing Market
Property Price to Income Ratio: 22.0 years, very expensive. Rent Index: 68.9 offers some relief but ownership remains challenging.
Average Income Levels
Purchasing Power Index: 113.9, excellent buying power. High GDP per capita supports strong salaries for professionals.
Tax System
Progressive personal income tax 0-24% for residents (up to 32% for high earners), no capital gains tax. GST at 9%, low property taxes, highly efficient and business-friendly.
Business Environment
World's top-ranked for ease of doing business, #1 globally. Record FDI US$192B in 2024, strong startup ecosystem, minimal bureaucracy.
Social Security
Comprehensive Central Provident Fund (CPF) for pensions, healthcare subsidies via Medisave/MediShield. High-quality public healthcare, HDI 0.939, but means-tested benefits.
Singapore has a tropical rainforest climate characterized by consistently warm temperatures year-round, high humidity, and abundant rainfall. The city-state experiences two monsoon seasons: the Northeast Monsoon (December-March) and the Southwest Monsoon (June-September), with inter-monsoon periods in between.
Life Expectancy
82.8
Population
5,685,807
Religions
Currently under research
Ethnic Composition
Research in Progress
We're currently analyzing expat perspectives for Singapore. Check back soon for insights from real experiences!
We're gradually rolling out this feature and continuously improving the insights. The data is based on real expat discussions and will become more comprehensive over time.
Singapore operates as a parliamentary republic with President Tharman Shanmugaratnam as head of state and Prime Minister Lawrence Wong leading the government since 2024. The unicameral Parliament is dominated by the People's Action Party, maintaining political stability. Recent legislative amendments focus on public sector governance and economic resilience.
Your Singapore Roadmap
40+ page relocation analysis tailored to your profile.
- Custom Tax & Cost Projection
- District Matching for your Lifestyle
- Vetted Local Partner Directory
Data Source: Safety, crime, and quality metrics are sourced from Numbeo, a crowd-sourced global database of reported data.
All scores are relative comparisons on a 0-100 scale, where 50 = global average. Higher scores mean better than average, lower scores mean worse than average.