Why Singapore is no longer the most expensive city in the world
2020 is literally a plot twist. Just when I am finally about to upload my blog post about costs of living in Singapore (as expat), the Economist Intelligence Unit Worldwide announces that according to their Cost of Living report, Singapore just dropped to rank #4. This is the first time in seven years that Singapore did not occupy the top spot in the EIU’s Worldwide Cost of Living survey.
What timing.
Still, Singapore is on rank 4, which isn’t necessarily meaning it is cheap. But according to the EIU’S summary report, prices in Singapore decreased primarily due to an exodus of foreign workers, which lead to an overall population contraction and falling demand, which caused deflation. Other than that, lifestyle changes induced by the pandemic were other reasons for the inclination in rankings. People were staying home for a long time and would spend less or differently than before.
Anyway: Singapore still holds a remarkable rank 4, and this comes with reasons. Head over to my Expat Diary to learn why Singapore is so expensive and what you should expect as a budget if you consider moving or traveling here.
Related Posts
What living in Singapore was like | Recap of 2 years in the Little Red Dot
Even though we ended up leaving Singapore earlier than expected, I didn’t want to miss the opportunity to have a few final words about two remarkable years in the island city-state before we move on. So, emotional aspects aside, I put together some facts about living in Singapore that
New spot on the block – A swanky cocktail bar out of my dreams
There's a new hotspot in town – Left Door Bar on Union Street is everything the neighborhood needed – and more.
SF Diaries, #04/2022 – EAD, SSN, RX, and lots of ups and downs
Another week has passed and I can finally report about some cool stuff: I was out and about again, we made a trip to Sacramento, explored San Francisco to the fullest, and I also received my SSN and EAD.
My Travel Bucket List for 2020
In 2019, we have crossed an impressive amount of desired travel destinations off from our bucket list. And since we moved to Singapore at the end of 2019, we have various new travel options. As for travel destinations, there is a few exciting options on my bucket list for 2020:
Updated Travel Bucket List 2020
While in Germany, life is gradually returning to normal, in Singapore, we are still in lockdown. That means: We cannot travel, which hit us hard in particular, as one of the main goals coming along with moving to Singapore was to see as much as the world as we can. Reason enough to updat
When can we hit the road again?
When can we travel again? - I have been dealing with this question for months, and especially in the last few weeks that I see friends and family from my home country, leaving it for their summer holidays. Meanwhile, we are still stuck, and Singapore and hopes are fading that we will be
POST COMMENT