Singapore is a highly developed country, so there’s this assumption that the cost of goods and services here is far higher compared to those in other countries in the same region. This popular belief is compounded by the fact that in its Worldwide Cost of Living 2021 survey, the Economist Intelligence Unit (EIU) ranked Singapore as the second most expensive city in the world, tied with Paris and second only to Tel Aviv. But Is It Really More Expensive to Live in Singapore? It should be noted that the said survey is designed to help human resource managers prepare the appropriate cost of living and compensation packages for business travellers and expatriates who will be assigned to the countries that were studied. The consumption pattern of these individuals can be quite different from that of a regular household, which is why the result of the survey does not necessarily reflect the cost of living Singapore...