Cost Comparison 2025

FlorencevsSingapore

Italy
Singapore

Overall

💰

+35.7%

Florence is 35.7%more expensive

Rent

🏠

+125.0%

Housing is 125.0% higher

Dining

🍽️

+14.3%

Restaurants 14.3% pricier

Groceries

🛒

+25.0%

Food shopping 25.0% more

Comparing the cost of living between Florence, Italy and Singapore, Singapore reveals significant insights for anyone considering relocation or travel in 2025. Our comprehensive analysis shows that Florence is more expensive than Singapore by approximately 35.7%. This comparison covers essential living expenses including housing, food, transportation, and utilities, providing you with a complete picture of what to expect financially in each city.

Key Cost Differences

Housing costs in Florence are lower than in Singapore by 56%. A one-bedroom apartment in Florence's city center costs around €1,200, while the same in Singapore is approximately SGD 3,500.

Dining out in Florence offers significant savings compared to Singapore. An inexpensive restaurant meal costs €15 in Florence versus SGD 15 in Singapore.

Public transportation in Florence is more affordable, with monthly passes at €35 compared to SGD 120 in Singapore.

Purchasing power in Singapore is notably stronger, meaning residents can afford more goods and services with their local salaries compared to Florence.

Grocery shopping in Florence is more affordable by approximately 20%. Basic items like milk, bread, and eggs show lower prices across the board.

Monthly Budget Breakdown

When breaking down monthly expenses, a single person in Florence can expect to spend approximately €468 per month (excluding rent), while in Singapore, the same lifestyle would cost around SGD 777. For families, these figures increase significantly, with a family of four requiring about €1,639 monthly in Florence versus SGD 2,720 in Singapore. These estimates include groceries, dining out, transportation, utilities, and entertainment, providing a realistic picture of day-to-day living costs in each city.

Detailed Cost Comparison

Item
Florence, Italy
Singapore, Singapore

🏠 Housing Costs (Monthly Rent)

1BR City Center
€1,200
SGD 3,500
1BR Outside Center
€800
SGD 2,500
3BR City Center
€2,200
SGD 7,000

🍽️ Food & Dining

Meal, Inexpensive Restaurant
€15
SGD 15
Meal for 2, Mid-range Restaurant
€60
SGD 100
Cappuccino
€2
SGD 6
Domestic Beer (0.5L)
€5
SGD 10

🛒 Groceries

Milk (1L)
€2
SGD 3
Bread (500g)
€2
SGD 3
Eggs (12)
€3
SGD 4
Cheese (1kg)
€15
SGD 20

🚌 Transportation

One-way Ticket
€2
SGD 2
Monthly Pass
€35
SGD 120
Taxi Start
€5
SGD 4
Gasoline (1L)
€2
SGD 3

💡 Utilities & Internet

Basic Utilities (85m²)
€150
SGD 200
Internet (60 Mbps)
€30
SGD 50
Mobile Minute
€0
SGD 0

Tips for Moving Between Cities

For those considering a move from Florence to Singapore, the cost savings can be substantial, particularly in housing and daily expenses. However, it's important to factor in salary differences and job opportunities. Conversely, moving from Singapore to Florence requires careful financial planning. Consider negotiating salary adjustments that reflect the higher cost of living, and research neighborhoods outside the city center for more affordable housing options while maintaining reasonable commute times.

Quality of Life Indices

Florence

Cost of Living Index70
Rent Index40
Purchasing Power Index70

Singapore

Cost of Living Index95
Rent Index90
Purchasing Power Index100

Frequently Asked Questions

Is Florence more expensive than Singapore?

Yes, Florence is approximately 35.7% more expensive than Singapore overall. The biggest differences are in housing and restaurant prices.

How much salary do I need in Florence compared to Singapore?

To maintain the same standard of living, you would need approximately 1.4x of your Singapore salary when living in Florence. For example, if you earn $50,000 in Singapore, you'd need about $67,857 in Florence for a comparable lifestyle.

What are the biggest cost differences between Florence and Singapore?

The most significant cost difference is in housing. Rent prices differ by approximately 56%, making it a major factor in your budget planning. Transportation and utilities show notable variations between the two cities.

Which city is better for expats and digital nomads?

Singapore offers better purchasing power, making it more attractive for those earning in strong currencies. However, Singapore provides lower living costs, which benefits budget-conscious travelers. Consider Florence if you prioritize cultural experiences, or Singapore for better value.

What's a reasonable monthly budget for Florence vs Singapore?

In Florence, a single person needs approximately €1,268 per month (including rent), while a family of four requires about €3,139. In Singapore, these figures are SGD 3,277 for singles and SGD 7,220 for families. These estimates include housing, food, transportation, and basic entertainment.

The cost of living comparison between Florence and Singapore in 2025 shows significant differences across various expense categories. Whether you're planning a relocation for work, considering retirement options, or simply curious about living costs, understanding these differences is crucial for making informed financial decisions.

Need to calculate salary equivalence?

Find out how much you need to earn in Singapore to maintain your lifestyle from Florence

Calculate Salary Equivalence

Last updated: 2025-01-28 • Data sourced from multiple providers