The average expenditure of all Singapore households is $4,388 per month. This is according to the Household Expenditure Survey (HES) report released last month by the Singapore Department of Statistics.
Households staying in 5-room and executive HDB flats spend an average of $4,926 per month, while those in 3-rooms and 4-rooms spend $2,482 and $3,551 respectively.
Families in private housing spend much more, with those in private flats (including condos) expending $7,793 per month, and those in landed properties $9,962.
As we all know: the more you spend, the less you save; and conversely, the less you spend, the more you save. Many of Salary.sg readers have accumulated $1million in savings and investments through sheer financial prudence.
How much does your household spend a month?