The Cost of Living in Singapore. It is common knowledge that the average cost of living in Singapore is high. For a single person in Singapore, their average expenses are around 800 Singapore dollars or SGD per month. For a four-person family this is significantly higher: around 4,400 Singapore dollars a month. one Singapore dollar is 1 and one Australian is 1.01 dollar
Major Industry's
Singapore's largest industry by far is the manufacturing sector, which contributes 20%-25% of the country's annual GDP (Gross Domestic Product). Key industry clusters in Singapore's manufacturing include electronics, chemicals, biomedical sciences, logistics and transport engineering.
Livability rating
The latest Economic Intelligence Unit's Global Livability Survey shows Singapore's overall rating has risen in a year, from 90.4 to 91.2 now, ranking it at No. 37 this year.
Employment rate and taxes
Singapore's employment income is taxed at 15% or the progressive resident tax rate (see rate table above), whichever gives rise to a higher tax amount. Director fees and remuneration, consultant fees and all other incomes are taxed at a range of 15% to 22%