Singapore vs Hong Kong — Full Cost of Living Comparison (2026)
Updated March 2026
Singapore has a cost of living index of 78.0 with average 1BR rent around $2,900/mo, while Hong Kong sits at 75.0 with rent near $2,400/mo. Below is the full side-by-side breakdown for digital nomads, expats and remote workers weighing a move.
| Metric | Singapore | Hong Kong | Winner |
|---|---|---|---|
| Mortgage Interest Rate | 5.25% | 5.18% | Hong Kong |
| Savings Account Interest Rate | 0.12% | 0.20% | Hong Kong |
| Credit Card Interest Rate (APR) | 26.9% | 33.0% | Singapore |
| Average Rent (1BR City Centre) | US$2,900/mo | US$2,400/mo | Hong Kong |
| Real Estate Price (per m²) | US$17,200/m² | US$21,500/m² | Singapore |
Summary
Singapore has a higher mortgage rate than Hong Kong at 5.25% vs 5.18%. Rental costs in Singapore average $2,900/month compared to $2,400 in Hong Kong, while the cost of living index sits at 78.0 versus 75.0. Overall, Hong Kong looks more favourable across the headline numbers.
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How we calculate this
Cost of living, rent, mortgage, savings and tax figures combine official sources (World Bank, central banks, national statistics offices) with crowdsourced price data, refreshed regularly. Full breakdown: read our methodology.
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