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Singapore country profile

Singapore is a vibrant and cosmopolitan city-state located in Southeast Asia. With a population of approximately 5.7 million people, it is one of the most densely populated countries in the world. Despite its small size, measuring only 719 square kilometers, Singapore has become a global hub for trade, finance, and tourism.

Coutry's neighbours are:Malaysia, Indonesia

Most prosperous jobs in Singapore

generic jobs In terms of industries, Singapore offers a diverse range of opportunities for job-seekers. The country's economy is highly developed, with key sectors including finance, technology, pharmaceuticals, logistics, and tourism. The financial sector, comprising banking and insurance services, is particularly prosperous due to Singapore's status as a major financial center in the region. The technology industry is also thriving, with numerous multinational companies setting up their regional headquarters in Singapore. Additionally, the pharmaceutical sector has seen significant growth, driven by research and development activities. Singapore's strategic location and efficient infrastructure have also made it a major logistics hub, creating employment opportunities in transportation and logistics services. Lastly, the tourism industry is flourishing, attracting both business and leisure travelers, thereby generating jobs in hospitality and related services.

Average costs of living in Singapore

The Costs of Living in Singapore: A Comprehensive Overview

Introduction Singapore, a vibrant cosmopolitan city-state, is renowned for its high standard of living and excellent infrastructure. However, it's essential to understand the costs associated with residing in this global financial hub. In this article, we will explore the approximate expenses in USD and summarize the monthly expenses for individuals living in Singapore.

Accommodation Renting a one-bedroom apartment in the city center can cost around $2,500 to $3,500 per month, while outside the city center, prices range from $1,800 to $2,800. Alternatively, purchasing a small apartment may require an investment of approximately $700,000 to $1 million.

Transportation Public transportation in Singapore is efficient and affordable. Monthly passes for buses and trains cost around $80, providing unlimited travel. Taxis are readily available, with fares starting at $2.50 and an additional $0.40 per kilometer.

Food Eating out in Singapore offers a diverse culinary experience. A meal at an inexpensive restaurant can cost around $6 to $10, while a three-course meal for two at a mid-range restaurant may amount to $40 to $70. Groceries for a month can cost approximately $300 to $400.

Utilities Utilities, including electricity, water, and internet, are relatively expensive. On average, monthly bills for a small apartment can amount to $150 to $200.

Healthcare Singapore boasts a world-class healthcare system. Basic health insurance for an individual can cost around $100 to $200 per month, depending on coverage. Additionally, medical consultations and treatments are generally affordable due to government subsidies.

Education For expatriates with children, international schools in Singapore are highly regarded but can be costly. Tuition fees for primary and secondary education range from $15,000 to $40,000 per year.

Entertainment and Recreation Singapore offers a plethora of entertainment options. A movie ticket costs approximately $10 to $15, while a gym membership can range from $60 to $150 per month. Exploring tourist attractions and nightlife may require an additional budget.

Personal Care The cost of personal care items such as toiletries, cosmetics, and haircuts are similar to international standards. A basic haircut for men starts at $15, while women's haircuts can range from $30 to $100.

Taxes Singapore has a progressive tax system with relatively low rates. The average income tax rate is between 0% and 22%, depending on income levels. However, Singaporeans enjoy various tax reliefs and benefits.

Miscellaneous Expenses Other expenses include clothing, household items, and occasional dining out. These costs can vary greatly depending on individual preferences and lifestyle choices.

Summary In summary, the costs of living in Singapore can be relatively high but are balanced by excellent infrastructure, healthcare, and safety. A rough estimate of monthly expenses for an individual, excluding accommodation, would be around $1,500 to $2,000, including transportation, food, utilities, healthcare, entertainment, and personal care. It's crucial to plan and budget accordingly to ensure a comfortable lifestyle in this dynamic city-state.

Top 10 higest salaries in Singapore

1. Orthopaedic surgeon (1,355,088 SGD per year, pre-tax.)
2. Cardiologist (1,128,020 SGD per year, pre-tax.)
3. Medical director neurosurgery (1,089,930 SGD per year, pre-tax.)
4. Neurosurgeon (1,056,236 SGD per year, pre-tax.)
5. Colorectal surgeon (1,054,772 SGD per year, pre-tax.)
6. Oncologist (1,029,866 SGD per year, pre-tax.)
7. Chiropractic radiologist (1,029,866 SGD per year, pre-tax.)
8. Oral and maxillofacial surgeon (1,029,866 SGD per year, pre-tax.)
9. Plastic surgeon (1,029,866 SGD per year, pre-tax.)
10. Dermatologist (1,029,866 SGD per year, pre-tax.)

Data as of 2023

Random salary:
Medical laboratory scientist (143,566 SGD per year, pre-tax.)
Operations manager travel agency (149,426 SGD per year, pre-tax.)
Dairy nutritionist (128,916 SGD per year, pre-tax.)
Biller (90,828 SGD per year, pre-tax.)
Senior data engineer (320,826 SGD per year, pre-tax.)