Introduction
Singapore and London are two global metropolises with thriving economies and high standards of living. However, their costs of living differ significantly, making it important for prospective residents and investors to understand the financial implications of each city. This comprehensive guide provides a detailed comparison of the cost of living in Singapore vs. London in 2025.
Housing Costs
Housing is generally the most significant expense in any city, and this holds true for both Singapore and London.
Rent
According to Expatistan, the average monthly rent for a one-bedroom apartment in Singapore city center in 2025 is estimated to be $3,500, while in London city center, it is around $3,800. However, it’s important to note that housing costs can vary widely depending on the specific location and amenities within the city.
Utilities
Utilities, such as electricity, water, and gas, are another important consideration. Numbeo estimates that the average monthly utility bill for a 85-square-meter apartment in Singapore is around $150, while in London, it is roughly $180.
Property Prices
If you’re considering purchasing property, prices are a key factor to evaluate. A recent study by Knight Frank suggests that the average property price in Singapore in 2025 is projected to be around $1.5 million, while in London, it is estimated to be approximately $1.2 million. These prices can fluctuate based on market conditions and property type.
Food and Groceries
Food and groceries are essential expenses that contribute significantly to the cost of living.
Groceries
According to the World Cost of Living Index, the average monthly cost of groceries for a single person in Singapore is around $350, while in London, it is roughly $420. However, the specific cost of groceries can vary depending on the brands and products purchased.
Dining Out
Eating out in Singapore and London can be expensive, but there are options to suit all budgets. A mid-range meal at a restaurant in Singapore city center is estimated to cost around $25, while in London, it is roughly $30. Fast food options are generally more affordable, with a meal at McDonald’s costing around $5 in both cities.
Transportation
Getting around in Singapore and London is essential for daily life.
Public Transportation
Public transportation systems in both cities are efficient and reliable. In Singapore, a monthly pass for unlimited rides on the MRT and buses costs around $120, while in London, a monthly Oyster card for unlimited rides on the Underground and buses is roughly $150.
Taxis and Ride-Hailing Services
Taxis and ride-hailing services are available in both cities, but prices can be higher than public transportation. A taxi ride from the airport to the city center in Singapore is estimated to cost around $30, while in London, it is roughly $50. Ride-hailing services like Grab and Uber operate in both cities, but fares can vary depending on demand and time of day.
Healthcare
Healthcare costs can be a significant factor in the cost of living, especially for those with pre-existing conditions or ongoing health concerns.
Health Insurance
Health insurance is compulsory in both Singapore and London. In Singapore, the government-run Central Provident Fund (CPF) provides basic health insurance coverage, with additional coverage available through private insurance companies. In London, the National Health Service (NHS) provides free healthcare to UK residents, but private health insurance is also an option for those who want access to more comprehensive coverage.
Hospitalization and Medical Expenses
Hospitalization costs can be high in both cities, and it’s important to have adequate health insurance coverage. According to the World Bank, the average cost of a hospital stay in Singapore is around $2,500 per day, while in London, it is roughly $3,000 per day.
Education
Education is a key consideration for families with school-age children.
Primary and Secondary Education
Public primary and secondary education is free in both Singapore and London. However, there are also many private schools available, which can be expensive. The annual tuition fees for a private primary school in Singapore start from around $15,000, while in London, they start from around $20,000.
Higher Education
Higher education costs can vary depending on the institution and program of study. In Singapore, the average annual tuition fees for a university or polytechnic program are around $12,000, while in London, they start from around $15,000.
Entertainment and Leisure
Entertainment and leisure activities can add to the cost of living, depending on your lifestyle.
Restaurants and Bars
Dining out and enjoying nightlife can be expensive in both Singapore and London. The average cost of a cocktail in a bar in Singapore city center is around $15, while in London, it is roughly $18. However, there are also many affordable options available, such as local hawker centers and pubs.
Shopping
Shopping can be a great way to spend your leisure time, but it’s important to be aware of the prices. In Singapore, the average cost of a pair of jeans is around $80, while in London, it is roughly $100. Luxury goods are generally more expensive in London than in Singapore.
Travel
Both Singapore and London are great cities for exploring and traveling. The average cost of a round-trip flight from Singapore to Bangkok is around $200, while from London to Paris is roughly $250. However, it’s important to factor in additional costs such as accommodation and food when planning your trips.
Overall Comparison
The overall cost of living in Singapore and London is comparable, but there are some key differences to consider. Singapore tends to be slightly more expensive for housing, utilities, and transportation, while London has higher costs for groceries, dining out, and healthcare. Ultimately, the best city for you will depend on your individual lifestyle and financial situation.
Conclusion
Choosing between Singapore and London as your home can be a challenging decision. Both cities offer a great quality of life, but the cost of living is a key factor to consider. By carefully comparing the costs outlined in this guide, you can make an informed decision that meets your financial needs and lifestyle preferences. Remember to research specific neighborhoods and consider your lifestyle and financial goals before making a final decision.
