You should budget at least $700 to $1,500 a month if you’re renting, and $1,500 to $3,000 a month if you’re a Singaporean/PR buying a home and eligible to purchase HDB property.

## What salary do you need to live comfortably in Singapore?

On average, a family needs **at least $20,000 in salary** to survive in Singapore. On a cheapskate, you will need at least $2000 for a salary. This amount only supports your survival.

## Is 5000 SGD a good salary in Singapore?

**S$5,000 is probably enough** but you won’t have much for entertainment (dining out, movies, etc) and you won’t have much savings. If you want privacy, a one bedroom apartment starts at S$2,000 and that’s very cheap one and a bit hard to find.

## What percentage of salary should mortgage be Singapore?

MSR indicates the proportion of your gross monthly **income** that is used to service your **mortgage**. Your monthly HDB or Executive Condominium (EC) loan instalment **must** not exceed 30% of your gross monthly **income**.

## Is 7000 SGD a good salary in Singapore?

Average salary (GDP per capita) was ~5200 SGD last I read. So 7000 from that **perspective seems to be fine**. Philosophical answer would be – you can be content with anything and unsatisfied despite having everything depending on your mindset. Very comfortable living if used wisely.

## Is 8000 SGD good salary?

**8000 is more than enough**. average singaporean graduate at 27 is making only 3500 if you are lucky, and 3000 if you are unlucky. lets just make it 4000, so they pay you 4000 add-on premium compared to locals.

## Is 200K good salary in Singapore?

**200K Annual income is really good according** to Singapore market. You can easily afford luxurious lifestyle. You can rent out 2BHK Condo, have your own car, personal maid (24X7), etc.

## Is 300k a good salary in Singapore?

**Yes it is considerably good pay compared to average income of Singaporeans**. Average pay is about 60K.

## What is a good salary for a family of 4 in Singapore?

It is common knowledge that the average cost of living in Singapore is high. For a single person in Singapore, their average expenses (excluding rent) are around 800 SGD (575 USD) per month. For a four-person family this is significantly higher: **around 4,400 SGD (3,200 USD) a month**.

## How much do you have to make a year to afford a $500000 house?

To afford a house that costs $500,000 with a down payment of $100,000, you’d need to earn **$74,607 per year** before tax. The monthly mortgage payment would be $1,741. Salary needed for 500,000 dollar mortgage.

## How much do you need to make to afford a 700k house?

You need to make **$215,337 a year** to afford a 700k mortgage. We base the income you need on a 700k mortgage on a payment that is 24% of your monthly income. In your case, your monthly income should be about $17,945. The monthly payment on a 700k mortgage is $4,307.

## How much should I spend on a house if I make $100 K?

Simply take your gross income and multiply it by 2.5 or 3, to get the maximum value of the home you can afford. For somebody making $100,000 a year, the maximum purchase price on a new home should be somewhere **between $250,000 and $300,000**.