{"id":74010,"date":"2024-04-03T21:17:24","date_gmt":"2024-04-03T13:17:24","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=74010"},"modified":"2024-04-05T12:04:28","modified_gmt":"2024-04-05T04:04:28","slug":"where-should-expats-with-kids-rent-in-singapore-to-save-cost","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/where-should-expats-with-kids-rent-in-singapore-to-save-cost\/","title":{"rendered":"Where should expats with kids rent in Singapore to save cost?"},"content":{"rendered":"
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Recently, an Australian financial advisor took to TikTok to provide a detailed breakdown of how much expats need to earn annually to comfortably reside in Singapore. His estimations covered various aspects, offering a rough guide for expats, though he emphasised the variability of individual circumstances. <\/span><\/p>\n\n\n\n

While his breakdown provided a comprehensive overview, understanding the specific rental market dynamics is crucial for expat families seeking affordable housing options. Here, we explore the rental landscape in Singapore<\/a>, focusing on the best areas for expats with children to save costs.<\/span><\/p>\n\n\n\n

How much does it cost for expats with children to live in Singapore?<\/b><\/h2>\n\n\n\n

According to the TikTok breakdown<\/a>, here’s a summary of estimated monthly and annual expenses for expats with children living in Singapore:<\/span><\/p>\n\n\n\n

\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
Expense<\/b><\/td>\r\nMonthly cost<\/b><\/td>\r\nAnnual cost<\/b><\/td>\r\n<\/tr>\r\n
Rent (3-bedroom condo)<\/span><\/td>\r\nS$6,000<\/span><\/td>\r\nS$72,000<\/span><\/td>\r\n<\/tr>\r\n
International School expenditure (2 children)<\/span><\/td>\r\nS$48,000<\/span><\/td>\r\nS$96,000<\/span><\/td>\r\n<\/tr>\r\n
Utilities<\/span><\/td>\r\nS$250<\/span><\/td>\r\nS$3,000<\/span><\/td>\r\n<\/tr>\r\n
Groceries<\/span><\/td>\r\nS$1,000<\/span><\/td>\r\nS$12,000<\/span><\/td>\r\n<\/tr>\r\n
Transport<\/span><\/td>\r\nS$100<\/span><\/td>\r\nS$1,200<\/span><\/td>\r\n<\/tr>\r\n
Insurances (TPD, life, income, etc.)<\/span><\/td>\r\nS$1,000<\/span><\/td>\r\nS$12,000<\/span><\/td>\r\n<\/tr>\r\n
Entertainment<\/span><\/td>\r\nS$500<\/span><\/td>\r\nS$6,000<\/span><\/td>\r\n<\/tr>\r\n
Phone, Internet, TV<\/span><\/td>\r\nS$500<\/span><\/td>\r\nS$6,000<\/span><\/td>\r\n<\/tr>\r\n
Personal care (Clothing, haircuts, etc.)<\/span><\/td>\r\nS$500<\/span><\/td>\r\nS$6,000<\/span><\/td>\r\n<\/tr>\r\n
Savings<\/span><\/td>\r\nS$160,000 – S$165,000<\/span><\/td>\r\n<\/tr>\r\n
Total annual gross income<\/strong><\/td>\r\nS$320,000 – S$335,000<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\n\n\n\n

Note:<\/b> The savings are based on saving 20% of one’s gross income. Total annual spending is between S$215,000 and S$220,000, excluding travel expenses.<\/span><\/p>\n