Singapore is renowned for its world-class education system, bustling economy, and vibrant multicultural environment. As a student at SIM Global Education, understanding the cost of living in this dynamic city-state is crucial for financial planning.
1. Accommodation
Accommodation is often the most significant expense for students in Singapore. Here are some common housing options:
- HDB Flats: Renting a room in a public housing flat (HDB) is a popular choice among students. Prices vary by location and size, with rents typically between SGD 700 and SGD 1,000 per month for a single occupancy. Many also opt for room sharing options, splitting the cost of renting a room to around SGD 500 per person.
- Private Apartments: For more privacy and amenities, some students opt for private apartments. Studio apartments can range from SGD 1,800 to SGD 3,000 per month, while larger units in prime locations can be significantly more expensive.
- Hostels and Co-Living Spaces: For SGD 700 and above, The SIM International Student Office (ISO) has various partners offering accommodation solutions that are equipped with amenities such as Wi-Fi, fully furnished rooms, social areas and laundry facilities.
2. Food
Singapore offers a wide variety of dining options, catering to all budgets:
- Hawker Centres and Food Courts: These are the most affordable and diverse dining options. A meal can cost between SGD 3 and SGD 7.
- Cafes and Casual Dining: Meals at cafes and casual dining restaurants range from SGD 10 to SGD 25.
- Groceries and Cooking: For those who prefer cooking, a monthly grocery bill can be around SGD 200 to SGD 500, depending on dietary preferences and shopping habits.
3. Transportation
Singapore’s public transportation system is efficient and affordable:
- MRT and Buses: Monthly transportation costs using the MRT and buses typically range from SGD 50 to SGD 100, depending on travel frequency and distance.
- Cycling and Walking: For students living near campus, cycling and walking are cost-effective and healthy alternatives.
4. Other Essential Expenses
- Utilities: Monthly utilities (electricity, water, and gas) in a shared apartment can range from SGD 50 to SGD 100 per person.
- Mobile and Internet: Mobile phone plans start from SGD 20 per month, while high-speed internet costs around SGD 40 to SGD 60 per month.
5. Entertainment and Leisure
- Movies and Dining Out: A movie ticket costs around SGD 10 to SGD 15, while dining out at mid-range restaurants can cost SGD 20 to SGD 50 per meal.
- Fitness and Hobbies: Gym memberships range from SGD 60 to SGD 150 per month. Many parks and recreational areas are free, providing affordable options for leisure.
Living in Singapore as a student at SIM Global Education can be a rewarding experience with proper financial planning. By understanding and budgeting for accommodation, food, transportation, and other essential expenses, students can make the most of their time in this vibrant city-state.
For more personalised advice and support, SIM Global Education’s International Students Office is always available to help.
