Singapore
Asia · Singapore · SGD
68
QoL Score
Singapore presents a compelling, albeit specific, proposition for relocation. Its Cost of Living Score of 68/100, with prices at 85% of the US level, indicates a significant expenditure commitment, yet this is offset by a strong Taxation Score of 70/100, characterized by a low overall tax revenue of 13% of GDP and a top personal income tax rate of 22%. A notable Quality of Life Score of 68/100 suggests a generally high standard of living, underpinned by an exceptional Safety Score of 93/100, reflected in a homicide rate of just 0.2 per 100,000, creating an environment of remarkable security.
Tax Overview
Top Rate
24.0%
Effective Rate
23.5%
at S$63,500
VAT
9%
Net Income
S$48,605
Quality of Life Scores
The Cost of Living Score at 68/100, with a price level at 85% compared to the US, means daily expenses are substantial. While not the most expensive global hub, residents should anticipate a higher expenditure baseline than many other international destinations. This financial consideration is paramount for anyone evaluating a move.
With a Climate Score of 46/100, Singapore's environment is consistently tropical, marked by an average temperature of 27.5°C. The annual sunshine hours, at 2020, indicate ample daylight. This translates to a perpetually warm, humid experience, lacking distinct seasonal variation, which some may find monotonous.
Singapore's Safety Score of 93/100 is exceptionally high. A homicide rate of 0.2 per 100,000 and a Peace Index of 1.33 underscore an environment of extraordinary security and public order. This makes it one of the safest nations globally, significantly reducing concerns about personal security.
A Healthcare Score of 51/100, despite a high life expectancy of 83.5 years, suggests a system that achieves outcomes but might face capacity or access challenges, indicated by only 2.3 physicians per 10,000 people. Expats should thoroughly investigate private insurance options to ensure comprehensive and timely medical care.
The Internet Score of 81/100 highlights robust digital infrastructure, with 96.9% of the population using the internet and broadband penetration at 28 per 100 people. This strong connectivity is highly advantageous for remote workers and digital nomads, ensuring reliable and fast internet access for professional and personal needs.
Singapore's Taxation Score of 70/100 is largely driven by its competitive tax regime, evidenced by tax revenue at just 13% of GDP and a corporate tax rate of 17%. For individuals, the progressive income tax system starts at 0% for incomes up to S$20,000 and reaches 22% for incomes exceeding S$320,000, making it particularly attractive for higher earners compared to many Western nations.
What Things Cost
Price Index: 99 (US = 100)Big Mac
$4.80
☕Starbucks Tall Latte
$5.30
📱iPhone 16 128GB
$840.00
⛽1L Gasoline (95)
$1.80
🎬Netflix Standard (monthly)
$11.00
🏠Airbnb Studio (city center)
$100.00
🍺Beer 500ml (bar)
$9.00
🚇Single Transit Ticket
$1.20
Who Should Consider Singapore
Professionals earning above the median salary of $46,900 USD/year, especially those in high-income brackets, stand to benefit significantly from Singapore's favorable tax structure. Individuals prioritizing an exceptionally safe and orderly environment, along with reliable digital infrastructure, would find it particularly appealing. It is also well-suited for those accustomed to a high cost of living who value stability and efficient public services over climatic variety.
Key Considerations
Potential residents must prepare for the high cost of living, which is 85% that of the US, a significant financial commitment. The tropical climate, consistently warm and humid with little variation, can be an adjustment for those accustomed to four seasons. While English proficiency is high at 90%, the absence of a dedicated digital nomad visa and a comparatively lower expat community percentage of 43% may present initial integration hurdles for some remote workers.