Last update: Oct 2026

Cost of Living Comparison Between Singapore and Incheon

For one person, living is cheaper in Incheon: $1,373 a month against $3,500 in Singapore, rent and utilities included – about $25,500 less a year. Rent and utilities account for most of the difference.

169

Cost of Living Index in Singapore
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Singapore Living Index
67

Cost of Living Index in Incheon
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Incheon Living Index

Jump to prices

Singapore

🇸🇬 Singapore

$3,500

/mo nomad

Incheon

🇰🇷 South Korea

$1,373

/mo nomad

Monthly Cost of Living

How much you'll spend in Singapore and in Incheon

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Singapore and in Incheon actually costs, broken down by who's living it.

A single person spends $3,500 per month in Singapore vs $1,373 in Incheon, rent included.

Singapore $3,500
Incheon $1,373

A couple spends around $5,265 per month in Singapore vs $2,106 in Incheon, rent included.

Singapore $5,265
Incheon $2,106

A family of three spends $7,030 per month in Singapore vs $2,839 in Incheon, rent included.

Singapore $7,030
Incheon $2,839

Singapore costs about 155% more than Incheon, and outside of rent the biggest gap is in eating out.

Both Singapore and Incheon sit above the global median – Singapore by 159%, Incheon by 2%.

Meal at Budget Restaurant

$11.76 SGD 15.05

$5.92 ₩7,874

98.65%

Three-Course Dinner for Two, Mid-Range

$70.6 SGD 90.4

$34.73 ₩46.2K

103.34%

Fast Food Meal (McDonalds, etc)

$8.55 SGD 10.94

$6.55 ₩8,703

30.53%

Cappuccino

$5.20 SGD 6.66

$3.75 ₩4,988

38.67%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$1.77 SGD 2.27

$1.61 ₩2,147

9.94%

Water (0.33 liter bottle)

$1.23 SGD 1.58

$0.64 ₩851

92.19%

Local Beer (0.5 liter draught)

$8.26 SGD 10.58

$3.42 ₩4,544

141.52%

Imported Beer (0.33 liter bottle)

$10.17 SGD 13.01

$4.63 ₩6,162

119.65%

Milk (1 liter)

$3.04 SGD 3.89

$2.04 ₩2,715

49.02%

White Bread (500g)

$2.55 SGD 3.26

$3.13 ₩4,160

-18.53%

Rice (white) (1kg)

$2.86 SGD 3.66

$2.34 ₩3,109

22.22%

Eggs

$3.53 SGD 4.51

$3.33 ₩4,427

6.01%

Local Cheese (1kg)

$21.12 SGD 27.02

$15.51 ₩20.6K

36.17%

Chicken Fillets (1kg)

$9.90 SGD 12.67

$7.88 ₩10.5K

25.63%

Beef Round Steak (1kg)

$25.42 SGD 32.53

$11.06 ₩14.7K

129.84%

Apples (1kg)

$4.57 SGD 5.85

$7.84 ₩10.4K

-41.71%

Banana (1kg)

$3.13 SGD 4.00

$3.16 ₩4,206

-0.95%

Oranges (1kg)

$4.72 SGD 6.04

$5.66 ₩7,529

-16.61%

Tomato (1kg)

$2.23 SGD 2.85

$6.38 ₩8,481

-65.05%

Potato (1kg)

$2.57 SGD 3.29

$3.45 ₩4,585

-25.51%

Onion (1kg)

$2.29 SGD 2.93

$2.42 ₩3,213

-5.37%

Lettuce (1 head)

$1.87 SGD 2.39

$2.08 ₩2,768

-10.10%

Water (1.5 liter bottle)

$1.44 SGD 1.84

$1.15 ₩1,528

25.22%

Cigarettes 20 Pack (Marlboro, Camel)

$13.97 SGD 17.88

$3.47 ₩4,609

302.59%

Wine (Bottle)

$23.48 SGD 30.05

$18.82 ₩25.0K

24.76%

Local Beer (0.5 liter bottle)

$4.54 SGD 5.80

$2.20 ₩2,931

106.36%

Imported Beer (0.33 liter bottle)

$4.44 SGD 5.68

$3.24 ₩4,306

37.04%

One-way Ticket (Public Transport)

$1.57 SGD 2.01

$1.06 ₩1,412

48.11%

Public Transport Monthly Pass (Regular Price)

$93.8 SGD 120

$24.53 ₩32.6K

282.23%

Taxi Start (Normal Tariff)

$3.64 SGD 4.66

$3.57 ₩4,752

1.96%

Taxi (Normal Tariff) (1km)

$0.76 SGD 0.97

$0.64 ₩852

18.75%

Taxi 1hour Waiting (Normal Tariff)

$16.14 SGD 20.66

$9.24 ₩12.3K

74.68%

Gasoline (1 liter)

$2.45 SGD 3.14

$1.40 ₩1,860

75.00%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$155.2K SGD 198.5K

$29.0K ₩38.6M

434.86%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$148.5K SGD 190.0K

$28.6K ₩38.0M

420.08%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$172 SGD 220

$209 ₩277.2K

-17.72%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$12.39 SGD 15.86

$35.24 ₩46.9K

-64.84%

Internet (50+ Mbps, Unlimited Data)

$26.21 SGD 33.54

$20.80 ₩27.7K

26.01%

Gym Membership (Monthly)

$108 SGD 138

$33.40 ₩44.4K

223.41%

Tennis Court (1 Hour on Weekend)

$12.31 SGD 15.75

$38.21 ₩50.8K

-67.78%

Cinema Ticket

$11.64 SGD 14.90

$11.26 ₩15.0K

3.37%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$1,481 SGD 1,895

$295 ₩392.8K

401.21%

International Primary School, 1 Child (Yearly)

$28.3K SGD 36.3K

$18.2K ₩24.1M

56.10%

Jeans (Levis 501 Or Similar)

$80.6 SGD 103

$57.1 ₩76.0K

40.99%

Summer Dress (H&M, Zara, etc)

$50.1 SGD 64.1

$32.82 ₩43.6K

52.68%

Sport Shoes (Adidas, Nike)

$112 SGD 143

$69.5 ₩92.4K

60.87%

Men's Leather Business Shoes

$129 SGD 165

$84.3 ₩112.1K

52.93%

1-bedroom Apartment, City Center (Monthly)

$3,015 SGD 3,858

$611 ₩812.1K

393.59%

1-bedroom Apartment, Outside City Center (Monthly)

$2,171 SGD 2,778

$361 ₩480.1K

501.17%

3-bedroom Apartment, City Center (Monthly)

$5,842 SGD 7,475

$1,275 ₩1.7M

358.18%

3-bedroom Apartment, Outside City Center (Monthly)

$4,044 SGD 5,174

$693 ₩921.3K

483.53%

Buy Apartment in City Center (m2)

$23.8K SGD 30.4K

$6,723 ₩8.9M

253.87%

Buy Apartment Outside City Center (m2)

$16.8K SGD 21.4K

$5,498 ₩7.3M

204.66%

Average Monthly Net Salary (After Tax)

$4,385 SGD 5,611

$2,411 ₩3.2M

81.83%

20-Year Fixed Mortgage Interest Rate (Annual %)

2.44

4.08

-40.20%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Singapore: October 13, 2026

Last update for Incheon: October 11, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Singapore

$2.2K 62%

Incheon

$361 26.3% 83.4% $1.8K

Groceries & Markets

Singapore

$458 13.1%

Incheon

$399 29% 12.9% $59

Eating Out

Singapore

$256 7.3%

Incheon

$147 10.7% 42.4% $108

Monthly Utilities & Internet

Singapore

$210 6%

Incheon

$265 19.3% 25.9% $54

Clothing & Footwear

Singapore

$167 4.8%

Incheon

$110 8% 34.4% $57

Sport & Entertainment

Singapore

$131 3.8%

Incheon

$56 4.1% 57.4% $75

Getting Around

Singapore

$107 3.1%

Incheon

$36 2.6% 66.9% $72

Cost Breakdown

A central one-bedroom costs $3,015 in Singapore versus $611 in Incheon. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 82% higher in Singapore, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $71.0 in Singapore versus $35.00 in Incheon. Monthly groceries follow the same trend: $458 vs $399 – making Incheon the more affordable choice for daily food spending.

Good to know

🇸🇬 Singapore

🇰🇷 Incheon

🕒 Local time

07:10 7:10 AM

08:10 8:10 AM

1 h ahead of Singapore

🌤 Weather

👥 Population

5,535,002 Capital

2,870,545

💱 Currency

Singapore Dollar SGD $

South Korean Won KRW ₩

📈 Exchange rate

1 SGD = 0.781 USD

1 SGD = 0.695 EUR

10,000 KRW = 7.52 USD

10,000 KRW = 6.69 EUR

Exchange rates and currency converter

KRW, USD, EUR to SGD – Singapore Dollar Converter

🇺🇸 United States Dollar ($)

🇸🇬 Singapore Dollar ($)

Singapore Dollar exchange rates as of October 17, 2026: 1 USD = 1.28 SGD (1 SGD = 0.781 USD). 1 EUR = 1.44 SGD (1 SGD = 0.695 EUR).

South Korean Won exchange rates as of October 17, 2026: 1 USD = 1,330 KRW (10,000 KRW = 7.52 USD). 1 EUR = 1,495 KRW (10,000 KRW = 6.69 EUR).

USD to SGD in detail →

On the map

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Between locations

Singapore Incheon 4,650 km ≈ 6 h nonstop flight

From you

Singapore
Incheon

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Singapore vs Incheon: Cost of Living - Frequently Asked Questions

Yes – Singapore is pricier by about 155%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $5,251 per month in Singapore and $2,059 in Incheon. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Incheon, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $71.0 in Singapore and $35.00 in Incheon. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $3,500 in Singapore and $1,373 in Incheon. That's a gap of about 155%.

A $1,500 monthly budget goes further in Incheon, where all-in costs run around $1,373, than in Singapore at $3,500. In Incheon it covers expenses comfortably, while in Singapore it requires careful planning or may not stretch far enough.

Families tend to lean toward Incheon – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Incheon. If higher salaries, better infrastructure, or specific career opportunities are the priority, Singapore makes more sense. Both are solid long-term options with distinct trade-offs.