Estimates of the cost of raising a child in singapore range from around s200000 at the low end to a seemingly astronomical sum of nearly s1 million at the high end with about s360000 as a middle range average. Families can expect to spend between 12350 and nearly 14000 a year on average to raise a child.
Based on our own research raising a child in singapore can cost as much as a whopping s1 million.
How much does it take to raise a child in singapore.
If not life will be tough.
For parents who would like to continue the therapy with the child at home andi initiative led by intan miranti offers a 5 month parent training programme since 2007 to equip parents with more skills and support to teach their child the missing skills and to manage their childs behaviour in a child respectful manner.
If you opt for a private pediatrician you can expect to pay around 200 per visit.
Housing was the biggest expense for middle income families taking up an average of 29 of the total cost of raising a child driven mostly by the cost of an extra bedroom.
These visits are usually scheduled at growth milestones such as 1 month 3 month 6 month 9 month and 12 month.
Food is the second biggest budget eater.
Because according to our calculations it will cost at least sgd 340000 to raise one child in singapore from infancy to 21 years of age.
However you can also make do with just a quarter of a million and probably even lower without the extraneous costs if you prefer that your child go without tuition and the like.
Looked at as a total amount s360000 for raising a child for 20 years seems large.
Considering most of us will probably go down the average route to raise a child were looking at spending around s360000 per child.
Yet the government and businesses lament that singaporeans do not want to take up service jobs that pay 1300 when its obviously not enough to survive in singapore.
The average cost.
Families in this region can expect to spend 253770.
What most fail to take into account though are the opportunity costs.
Cost of raising a child in singapore.
Families in the urban west had the second largest total cost at 235140.
The cost of raising a child is highest for parents in the urban northeast who face hefty housing child care and education costs.
This figure accounts for the medical fees incurred during pregnancy and delivery infant care childcare enrichment activities education costs from preschool to university level basic food and shopping not including inflation.
They may receive another 1000 per child from the ctc.
If you want to start a family you and your partner should at least earn an average of at least 3500 each.
During the first few months you may visit a pediatrician to ensure that your baby is growing healthily.
Today estimated in 2016 that raising a child could cost anywhere from the low end of s200000 to the average s360000 and the extreme s1 million.
Families with one child can receive up to 3400 annually from the eitc and families with more kids can get up to nearly 6300.
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