Tag Archives: Average citizen

S’pore ranked 60th among major cities for average residents’ cost of living

Singapore may be the world's most expensive city for expatriates. But the cost of living for the average resident, which comprises Singaporeans and permanent residents, is much lower than many other global cities such as Hong Kong. A study by the Asia Competitiveness Institute (ACI) showed that Singapore is ranked 60th among 109 major cities for the average residents' cost of living. ACI said its study also showed that Singapore is the costliest city for expatriates -- in line with findings from a recent Worldwide Cost of Living survey by the Economist Intelligence Unit. This was largely due to the strengthening of the Singapore dollar against the US dollar in the last few years.ACI said the cost of living for expatriates is higher than that of average residents as it also reflects the lifestyle choices of expats. These include eating at expensive restaurants, living in prime districts and sending their children to international schools.

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