Singapore is one of the most expensive countries in the world to raise a child. Even, my foreign expat friends who stay here in Singapore complain about the high living costs. I have several children myself, aside from those I supported in overseas.
Recently I became curious on the costs of raising a child in Singapore, starting from the day of pregnancy until when the child finishes his or her Tertiary education. I conducted my research online and some mentioned SGD285K while others said 650 to 700K. I am not very convinced with the figures which I felt it was either too low or too high for middle income household. So I did my own detail calculations.
In the following, you can find tables showing detail figures of raising a child in Singapore in different stages. I also provide comparisons of costs for both the lower and higher cost range,...