The Cost of Living for International Students in Singapore: Essential Budgeting Tips

Moving to Singapore for your studies? It’s thrilling, it’s vibrant, and yes, it can get a little pricey. With its world-class education, buzzing city life, and multicultural vibe, Singapore is a fantastic place to live and learn—but the high cost of living can be a challenge for international students.

This guide is here to help you own your finances. From breaking down everyday expenses to sharing practical budgeting tips, we’ll make sure you have more room in your wallet for adventures, food trips, and soaking up those gorgeous skyline views.

What’s the Real Cost of Living in Singapore for International Students?

Spoiler alert: Living in Singapore isn’t cheap—but it’s manageable if you budget right. On average, international students can expect to spend between S$1,000 and S$2,500 per month, depending on their lifestyle. Here’s a quick rundown of where your money might go:

1. Accommodation (The Big One)

Housing will likely take the largest chunk of your budget. The cost largely depends on where you live and how you choose to live.

• On-campus Housing: Affordable and convenient, ranging from S$400 to S$900 per month, depending on the university.
• Renting a Room (shared/private): Renting a private room in an HDB flat or a condo can cost between S$600 and S$1,500 per month, depending on the location.
• Whole Apartment (shared): Sharing an apartment with friends? Expect to pay around S$2,500+ for the whole place.

💡 Pro Tip: Living slightly outside the city centre can save you a significant amount. Plus, Singapore’s MRT system makes commuting a breeze.

2. Food (ALL the Hawker Centres!)

Singapore is a foodie’s paradise, with cuisine that’s as diverse as its culture. The good news? Eating out doesn’t always have to break the bank.

• Hawker Centres: Delicious meals from as low as S$3 to S$6 per dish. Think chicken rice, laksa, and char kway teow.🍜 Some hawker stalls are even Michelin-starred, offering world-class food at unbeatable prices!
• Mid-range Restaurants: Perfect for the occasional treat, costing S$20 to S$40 per person.
• Cooking at Home: Groceries can cost S$150 to S$300 a month, depending on what you eat (and how fancy you’re feeling).

💡 Pro Tip: Make hawker centres your best friend. They’re not just budget-friendly but also serve authentic and incredible food!

3. Transportation (MRT = Life)

Getting around is surprisingly affordable, thanks to Singapore’s world-class public transport system.

• Public Transport: An MRT or bus ride costs around S$0.90 to S$2.00. Monthly transport expenses? Roughly S$80 to S$120.
• Taxis and Rideshares (e.g., Grab, Gojek): Convenient but pricier, ranging from S$10 to S$30 per ride, depending on distance.

💡 Pro Tip: Get an EZ-Link card to enjoy discounted fares. And honestly, walking everywhere will save you money and keep you fit. Win-win!

4. Utilities and Mobile Plans

If you’re renting your own place, you’ll need to budget for utilities and internet.

• Utilities (electricity, water, gas): Around S$120 to S$200 per month.
• Mobile Plans: Budget-friendly prepaid SIM cards from as low as S$20 per month.

💡 Pro Tip: Look out for student mobile plans. Companies often offer discounted packages tailored to your budget.

5. Entertainment and Leisure (Live your Best Life, Responsibly)

The occasional night out, concert ticket, or day trip is a big (and essential) part of student life.

• Movies: ~S$9–S$13 for a ticket.
• Pubs and Bars (drink with the squad): Around S$12–S$20 per drink, with free drinks on ladies' night.
• Attractions (Zoo, Gardens by the Bay): Entry fees typically range from S$10 to S$35.

💡 Pro Tip: Score discounts with your student ID wherever you can or look out for occasional promos!

6 Fool-Proof Tips to Keep Your Finances on Point

Saving money doesn’t have to mean sacrificing fun or comfort. Here’s how you can crush your budget like a pro:

1. Track Every Dollar

Use budgeting apps like Splitwise, Mint, or YNAB (You Need a Budget) to track your spending. Awareness is the first step toward control.

2. Meal Plan Like a Boss

Set aside cooking days, and whip up easy, budget-friendly recipes to save on dining out. Pro tip? Visit wet markets (traditional markets) for fresh and affordable produce.

3. Make the Most of Student Perks

Your student ID is your golden ticket to discounts on food, travel, tech, and more. Don’t be shy to ask for discounts everywhere you go!

4. Shop During Sales and Consider Second-Hand

From groceries to textbooks, waiting for sales can save you heaps. Online platforms like Carousell are great for snagging pre-loved bargains.

5. Limit Impulse Splurges

Late-night Shopee binges? We’ve all been there. Set financial boundaries and think twice before hitting “Add to Cart.” (Pro tip? Sleep on it!)

6. Buddy Up

Share rent, groceries, and transport costs with friends who share a similar budget mindset. Teamwork makes the dream work!

Living the Singapore Dream on a Budget

Singapore offers international students an incredible opportunity to explore a unique blend of cultures, gain top-notch education, and grow as individuals. Yes, the cost of living can feel heavy at first, but with smart planning and budgeting, you’ll carve out a lifestyle that’s both enjoyable and affordable.

You’ve got this, and you don’t have to do it alone. Connect with other international students, share tips, and turn every challenge into an adventure.

Have more questions about managing life in Singapore? Or need guidance about the best student-friendly places to live, eat, or hang out? Join Collabil or leave a comment below—we’ve got you covered!🌏💸