Singapore is a top destination for Indian professionals. Here's your financial guide to the Lion City.
Initial Relocation Costs
- Work pass: Usually employer-sponsored
- Rental deposit: 2 months advance
- Agent fee: 1 month rent
- Setup costs: $3,000-5,000 SGD
Monthly Living Costs
- Rent (HDB room): $800-1,200 SGD
- Rent (1-bed condo): $2,500-4,000 SGD
- Utilities: $100-150 SGD
- Groceries: $400-600 SGD
- Transport (MRT): $100-150 SGD
- Hawker food: $4-6 SGD per meal
Secondary Currency View
Set up Pocket Clear:
- Primary: SGD
- Secondary: INR
$1,500 SGD rent ≈ ₹93,000. Helps in financial decisions.
Singapore Financial Tips
- HDB food centres save thousands yearly
- No car needed (public transport is excellent)
- CPF contributions for PRs
- Low tax rates (0-22% progressive)
Saving and Remitting
- Singapore allows easy money transfers
- Use Wise or InstaReM for best rates
- Track remittances in a separate category
Start Tracking Together
Download Pocket Clear free. Simple expense tracking for couples and expats.