Singapore is an island city-state. Singapore has one of the busiest ports in the world. Singapore is in South Eastern Asia, and comprises islands between Malaysia and Indonesia. The climate is tropical, hot, humid and rainy. The official languages are English, Chinese, Malay and Tamil. English is widely spoken and is the usual language for business and administration. The main religions are Taoism, Buddhism, Islam, Christianity and Hinduism. The economy of Singapore is a highly developed market-based economy, which has historically revolved around trade. The economy depends heavily on exports and refining imported goods, especially in manufacturing. Singapore is a blend of Western, Chinese and Asian culture. Expatriate business dress is typically informal, with more people wearing open-necked shirts and slacks/skirts than business suits. Formal suits are usually only worn at official occasions. The security risk for expatriates in Singapore is low, putting it amongst the safest destinations in the world. Risks include low levels of petty crime, and a low level underlying threat of terrorism. The currency of Singapore is the Singapore Dollar (SGD). Banking is on a par with that of Western Europe and North America. Major credit cards are accepted in most hotels, restaurants and department stores. Medical facilities are of a high quality but expensive. High levels of air pollution (haze) from fires in Indonesia can impact health. Dengue fever and chikungunya virus occur. Hand, Foot and Mouth Disease is common. The population of Singapore is 5.6 Million (2019 est.), while the inflation rate (CPI) is 0.9% for Singapore as at May 2019. Xpatulator Hypothetical Tax for Singapore is based on the current personal income tax rates which are progressive up to 22%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Singapore, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Singapore as at 1 July 2019 is very high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very High 2) Clothing: Very High 3) Communication: Average 4) Education: Very High 5) Furniture & Appliances: Very High 6) Groceries: Very High 7) Healthcare: Very High 8) Household Accommodation: Very High 9) Miscellaneous: Very High 10) Personal Care: Very High 11) Recreation & Culture: Very High 12) Restaurants Meals Out and Hotels: Very High 13) Transport: Very High Singapore is for example 97.4% more expensive than USA for groceries, 107.5% more expensive for household costs than UK, and 209.8% more expensive for transport costs than India. The hardship premium for Singapore for an expat from Australia, is for example 0%, i.e. host location (Singapore) premium of 10% minus home (Australia) location premium of 10%. Singapore is ranked as a minimal hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Singapore? Register subscribe to your home location and Singapore and run your personalised reports.