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How much does it take to live in Singapore?

If you are partnered parents with two school-going children, you will need a minimum of $6,426 per month to live with dignity in Singapore. If you are a single parent with one child, you will need $3,218 per month. And if you are a single elderly person, you will need $1,421 per month.

These are the findings in the recent report released by a team of Singaporean researchers. Using a consensus-based methodology known as Minimum Income Standards (MIS), which is sensitive to local contexts, the researchers have determined the household budgets necessary to meet basic needs. They also suggest that “a reasonable starting point for a living wage in Singapore is $2,906 per month.” Although the median work income among all workers in 2020 exceeded this amount by 56%, the median work income for cleaners, laborers, and related workers were less than half of what is needed. The median earner in services and sales earned only 73% of what is needed.

The patchwork of government tax benefits and financial aid schemes does not make up for the shortfall, the researchers concluded. The thresholds are often too high and the quanta too small. The Singapore government has a duty to respond to this insightful report by overhauling the current system so as to meet the needs of the most vulnerable members of society.

Only then can it claim to be working for all Singaporeans.

 

Jee Leong Koh

 

 

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READER COMMENTS BELOW

12 Responses to “How much does it take to live in Singapore?”

  • xoxo:

    The $100 BILLION FOR COVID could have been put to much better,more meaningful longer-term use.
    It could have been used to help our needy sgs.

    Instead,it was squandered away for no meaningful job-saving for our own sgs,many s lost their jobs.
    I hazard it largely benefitted high-salaried well-off sgs n many FTs.

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  • $6426 dignity?:

    The researchers are misguided. $6,000 a month is NOT enough to live a life of dignity.

    Even $40,000 a month is not enough. $500,000 a year is very mediocre, according to someone who lives with dignity.

    We need at least $200,000 a MONTH to have dignity. Just listen to the Ministers, Mayors and MPs.

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  • Reality:

    Reality is many of the low earner group earning is way below the minimum sum.
    Just to show how uneven is the earnings range among the various profession.
    Time to do something to close the gap…lift up the bottom group of low wages.
    Should increase their pay substantially.

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  • Charlatans:

    If the relive had help.robinson shopping

    Wouldn’t had gone the way of the dodo.

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  • Fire:

    I Switch so sad.

    Electricity retailer iSwitch will be exiting the Singapore Electricity Market on 11 November, citing current electricity conditions.

    “Over the past 6 years, iSwitch Energy has had the privilege of serving the Singapore Electricity Market and collectively saving consumers over $150m on their energy bills against the SP Tariff,” iSwitch said in a letter, addressed to their customers.

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  • Fire:

    Fire:
    I Switch so sad.

    Electricity retailer iSwitch will be exiting the Singapore Electricity Market on 11 November, citing current electricity conditions.

    “Over the past 6 years, iSwitch Energy has had the privilege of serving the Singapore Electricity Market and collectively saving consumers over $150m on their energy bills against the SP Tariff,” iSwitch said in a letter, addressed to their customers.

    There are 11 electricity retailers in Singapore

    collectively saving consumers over $150m on their energy bills against the SP Tariff

    11 player, that’s alot.

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  • Gov robbery:

    How many millions or billions has SP overcharged Singaporeans?

    Fire:
    I Switch so sad.

    Electricity retailer iSwitch will be exiting the Singapore Electricity Market on 11 November, citing current electricity conditions.

    “Over the past 6 years, iSwitch Energy has had the privilege of serving the Singapore Electricity Market and collectively saving consumers over $150m on their energy bills against the SP Tariff,” iSwitch said in a letter, addressed to their customers.

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  • Living lies:

    Many sgs are not only jobless..
    Many are homeless and some starving.
    Ive seen elderly at hawker ctrs eating from plates of leftovers at hawker ctrs.
    Mr Gilbert Goh &co provides meals to several families each day..i know there are several other self help groups who volunteer too providing food..not gov funded.
    These sad incidents were apparent even b4 covid struck.
    Now it only got that much acute.
    No one left behind?
    With you ..for you…for SG?
    Stop the lies.

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  • POOR suffer under GST,taxes:

    VERY SAD TO SAY,INSTEAD OF GST cash vouchers which was $600 for many years,it
    is instead reduced to $500 yearly FOR PAST 2 YRS.
    THIS IS GIVEN IN JULY and OCT EVERY YEAR.
    PAST 2 YEARS IT WAS REDUCED TO $500 ECAH YR ,DESPITE THE PRICES OF FOODS, VEGS, AND THINGS GO UP BY MORE THAN 100% to 150%.
    GST RAKED IN SEVERAL BILLIONS FOR THE GAGMT AND THE POOR,COMMON PEOPLE SUFFER MORE IT IS A TAX ON EVERY ITEMS.
    THE RICH DONT MIND ABOUT GST TAXES, AS THEIR DIVIDENDS, AND OTHER INCOME ARE SEVERAL HUNDRED THOUSANDS OR MILLIONS EACH YR.
    IT SHOULD BE ABOUT $1000 yearly to cater for the extreme high costs of livings and rising prices of essential commodities, foods ,increasing levies, charges etc,etc..for those poor, and old retirees,old unemployed.
    MALAYSIA GAVE OUT RM$2000 PER YEAR FOR THE POOR, OLD RETIREES, OLD UMEMPLOYED
    UNDER BARISAN NATIONAL…AND THEIR COSTS OF LIVING IS A FRACTION COMPARED TO SINGAPORE.
    MANY OTHER COUNTRIES GIVE OUT ABOUT $300 EACH MTH OUT OF A NATIONAL FUND FOR ANYONE AGE 60 AND ABOVE….OURS RELY ON OUR OWN MINIMUM RETIREMENT ACCOUNT WHICH WE DRAWDOWN AT AGE 65, AND NOT FROM THE PAP GAGMT.

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  • illiterate pap voters:

    Gov robbery:
    How many millions or billions has SP overcharged Singaporeans?

    Yes. Well said, bro. Agree.

    SP has overcharged Singaporeans.

    We, the 39% protest.

    So, we work very hard for pap to go so that we can start to take action against SP now protected under pap self enriching schemes.

    One more place we are overcharged. It is the HDB rental units. And the property taxes we have paid for HDB rental units. Why do we pay property tax when the HDB units we live in belong to HDB?

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  • NotMyProblem:

    Gov robbery:
    How many millions or billions has SP overcharged Singaporeans?

    Yes, where this money went to?

    BTW, what happens to the “Local Qualifying Salary” of $1,400 per month. Do you see any low wage earners increase their salary? Is it talk only?

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  • C’est la vie:

    ***
    Only then ??!!!

    Have they not pledged, … to be working for all Singaporeans, as a matter of course, as is their job !!!

    Go on then, give them more leeway, more flippin excuses, more rope and let’s hope they know to do the right thing with it, … the rope, of bloody course !!!
    ***
    ******

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