How Does The Cost Of Living In Singapore Compare To Malaysia?
Once again, Singapore has been crowned the most expensive city in the world for the fifth year running. In particular, it’s the most expensive place in the world to buy a car, and the third most expensive place globally in which to buy clothes.
The cost of living in Singapore is sometimes compared to that of its closest neighbour, Malaysia. At first glance, after factoring in the currency conversion rate (1 Singaporean dollar is equivalent to RM2.95 at the time of writing), the cost of living in Malaysia would seem much cheaper to a Singaporean.
However, once you take into account each country’s average salary and currency strength, a different picture emerges. Not only do Singaporeans earn a higher average monthly disposable salary (S$4,102) than Malaysians (RM3,505), the weaker Ringgit (US$1 = RM4.05) means that it costs Malaysians more to purchase imported goods compared to Singaporeans (US$1 = S$1.37).
So what exactly is the difference between the cost of living in Singapore and in Malaysia? How much would you be able to save and spend in each country?
View our infographic to find out.