Cost of Living Comparison (2025): Australia vs Singapore vs UK vs Canada
TL;DR Summary
- Singapore has the highest overall cost of living, followed by the UK, Australia, and Canada.
- Housing cost differences can drastically change the true cost of living for each country.
- Index values alone do not reflect taxes, income levels, or lifestyle expectations.
- On index-only basis: Singapore → UK → Australia → Canada.
Overview of Indices & Metrics
Cost-of-living indices compare the relative price of consumer goods, services, groceries, restaurants, and sometimes rent. These values vary depending on region and do not always include housing in calculations.
Approximate 2025 values:
- Singapore: ~85.3
- United Kingdom: ~70.5
- Australia: ~63.0
- Canada: ~60.7
Country-by-Country Snapshot
Singapore
The highest-ranked country on this list. Housing and imported goods drive prices significantly. A single person’s monthly cost excluding rent often exceeds USD 1,100.
- High rental burden and limited land supply.
- Strong infrastructure, safety, and stability offset cost for many professionals.
Australia
Moderate compared with Singapore, but still expensive in major metropolitan areas such as Sydney and Melbourne.
- High housing prices in major cities.
- Relatively strong wages may offset living costs for some industries.
United Kingdom
Slightly more expensive than Australia but far below Singapore. London represents a substantial cost premium versus the rest of the UK.
- Large regional variation.
- Public services such as the NHS reduce personal healthcare cost burden.
Canada
The lowest cost-of-living index among the four; however, cities like Vancouver and Toronto remain expensive for housing.
- Lower national averages but large city disparities.
- Strong public services and high livability.
Comparison Table
| Country | Cost of Living Index (2025) | Notes |
|---|
| Singapore | ~85.3 | Highest; housing costs dominate budgets. |
| United Kingdom | ~70.5 | Higher than Australia and Canada; London is a major driver. |
| Australia | ~63.0 | Moderate overall; Sydney/Melbourne expensive. |
| Canada | ~60.7 | Lowest average; significant city variation. |
Interpretation for Budgeting
- Housing impact: The largest difference between countries. City-level data is essential.
- Income vs tax: Effective take-home pay may offset higher costs in some countries.
- Lifestyle expectation: Dining, transport, and rental habits change total expenses dramatically.
- Inflation & currency: Exchange rates and inflation levels affect long-term affordability.
Example Scenario
- Singapore: Highest cost; premium city lifestyle but high financial burden.
- Canada: Best “value for money” among the four—assuming housing is not in Vancouver/Toronto.
- UK: Ranges significantly; outside London provides more reasonable costs.
- Australia: Balanced; high wages in some fields reduce the cost pressure.
Key Takeaways
- Singapore is the most expensive overall.
- Canada offers the lowest cost on average, but city choice matters.
- UK and Australia fall in the middle with large regional variations.
- Always compare city-level data when planning relocation.
FAQ
Does a lower index guarantee lower living cost?
No. Housing and income levels change total cost dramatically.
Should cost of living be the only factor when relocating?
No. Healthcare, education, job market, taxation, and long-term visa stability are equally critical.
How often do cost-of-living numbers update?
Most platforms update semi-annually or annually depending on available survey data.
Conclusion
On an index basis: Singapore → UK → Australia → Canada. Use this as a starting point and refine decisions with city-specific numbers, salary expectations, and tax structure.
Non-financial advice disclaimer: For informational purposes only. Always review official sources and professional guidance before making relocation or financial decisions.
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