If Singapore is the most expensive city, then why Redmond costs more?
cutecoder.org
cutecoder.org
In other words, it's comparing the price of living a Western executive lifestyle, not the cost of living for a regular person. Transport costs are high because Singapore has very high taxes on cars (more expensive than the cost of the car itself) - the target audience isn't going to be using a bus pass. Food costs are based on prices at high-end Western restaurants, not $5 worth of groceries. The housing comparison definitely isn't based on a studio apartment. And so on and so forth.
For instance, in Singapore, a new Toyota Camry costs almost US$150,000 while the same car in Seattle costs at most $30,000. The difference is worth the downpayment to an apartment in Seattle. A public transport pass in Singapore (EZLink Season Pass) is $134, which is more expensive than Seattle anyway.
Wait, what? Surely that's a typo! If not, what makes it so expensive?
Agreed, it doesn't boost the morale of the general population to see, but it also really doesn't make living in Singapore significantly worse (particularly since the absolute numbers are pretty small, even if it's a popular/populist talking point).
Toyota Camry 2.0 (A) $173,988
Toyota Camry 2.5 (A) $182,988
http://www.sgcarmart.com/new_cars/newcars_overview.php?CarCo...
(in Singapore dollars, US$1 ~= S$1.2)
The vast majority of the cost is for the delightfully named Certificate of Entitlement, essentially a 10-year right to drive your car in Singapore, whose value is determined by auction -- and it's actually around $20k less than it was last year at its historic high.
http://en.wikipedia.org/wiki/Certificate_of_Entitlement http://www.oneshift.com/new_cars/lcoe.php
Lodging and housing is indeed very expensive, I was living in a shared apartment in a university dorm and I had to pay like 1K € per month. Certainly very expensive, although not that far from what I've seen in other expensive places like some parts of Sweden or the UK.
On the other hand, food is ridiculously cheap. You can go to hawker stalls and eat a fine meal for less than 3 €. In most European countries you can't have a decent meal for less than 8 €. Damn, here in Spain I don't think I can even match the price of Singaporean hawker stalls if I buy groceries and cook myself, unless if I only eat fried eggs or pasta with tomato, and in Singapore I was eating like a king.
Transportation is outrageously expensive if you need a car, but it's rather cheap if you use public transport, which has a great coverage and is really good. I don't really see much of a reason to use a car in Singapore, except if you are a car-aholic. Even if you need to go somewhere out of reach of the subway and bus network, taxis are cheap too.
To sum up, I would say that the relatively cheap food and transportation compensate for the very expensive accomodation, and the overall result is that Singapore is rather expensive, but there definitely are more expensive places (at the very least in the north of Europe). I'm surprised that people are saying it's the most expensive city.
The average Singaporean is working an extra 15-20 hours each week than the average European in an expensive city for about the same amount of money and a similar cost of living. That 15-20 hours makes a huge impact on overall quality of life
1 bedroom Apartments start at ~1400 a month. You can of course go cheaper if you rent a larger house with room mates (which in fact many people do). Food prices are outrageous, expect to pay at least $10 per person per meal if you go out to eat, $15 is more common.
But this page also doesn't mention any of the quality of life benefits of living in Redmond.
For one thing, crime is almost non-existent. Police vehicles regularly patrol the area 24/7. There is no noise, no one partying outside, no cars driving around blasting music, none of that.
And the city is maintained in an almost pristine state. The roads are damn near perfect. Pot holes are fixed within a week, if not days. City services are all around amazing, heck even the police are polite and a delight to deal with.
The commute to work is excellent. From out my door to into the work parking lot is about 5 minutes.
Direct access to Seattle, 15 minutes to downtown Seattle during non-rush hours.
And finally, the math in this Article is so bonkers, it seems like it'd apply to almost any major city. Rent in a "won't be stabbed" part of Seattle is higher than it is in Redmond. Rent in NYC or SF for a comparable quality of life is going to be much higher! (Can you even rent a place in SF proper that in in a neighborhood with virtually no crime?)
Perhaps my main complaint about living here is the scarcity of restaurants that deliver!
I moved to Redmond recently from Toronto, which was a pretty expensive city. My living expenses went up a little, but my quality of life went up dramatically. I live in a modest house, but it's mine. The cost of a mortgage was less than the cost of renting a smaller place. I own a car, which means skiing or hiking every weekend.
The weird thing about Redmond (and Bellevue) is the "everyone is above average" feeling. The expectation is that everyone has a stable, well paying job. It's a bit of a Stepford Wives kind of town. What if you are working in something that doesn't start you at 80K with benefits? Then your options in town dwindle very, very quickly.
Post-economic-crash, equity packages have added quite a lot to salary.
$200k total money comp (incl 402k, bonus, equity) is well in range for a career/intermediate software engineer.
Also keep in mind, the author wants to SAVE $120K a year
Secondly, just want to correct a few points for anyone who indeed is looking to move to Washington (and you should, it's lovely here and we'd love to have you).
Redmond is not the most expensive place to live, in fact, as long as you move a small distance away from any MS campus, it is a good value.
We have the Puget Sound and a few large lakes in the greater Seattle area. As a general rule, prices increase rapidly as distance to water decreases (most expensive: Bellevue, Kirkland, Downtown Seattle). If you like urban living, try west Seattle, for suburban, Issaquah.
Lastly, $5 a meal will get you nowhere. Period.
However your other expenses are near the mark for a 'student' lifestyle, but a little on the low side...
Congrats to you if you currently save at that rate.
And I live in a cheaper city than Redmond.
I hear it all over the place, but it's also less correct than how is... but you're right, definitely more common.
Even an Asian financing hub -Uwajimaya
Isn't minimum wage in Washington under $8 / hour? What do they eat?
Philippines...
Rent: You can get a decent house or apartment for $150 / month.
Food: I can eat a street meal here for around 50 cents. For something fancy, I can eat out for $1.50. McDonald's is an expensive meal at $3.50 for 1/4 Pounder w/ cheese meal. A nice restaurant might charge $6. To get more expensive than that you have to eat at a European owned place which imports food I have never heard of with names I can't pronounce.
Electric: ~ $35 / month.
Water: ~ $15 / month.
Internet: ~ $25 / month.
I have lived here long enough that I have become completely out of touch with the prices in places like the U.S. and Europe. Singapore is right in my backyard though.
most expensive city? not sure too expensive to live? definitely
you ever heard of certificate of ownership? it's a cert that requires you to own a car. a mazda biante here cost around $150k SGD, not sure about other countries though.
furthermore, there's a lot of taxes we need to pay and we don't even know where these tax goes to! it doesn't really even help the poor as far as i can see. Furthermore, ministers' salaries are in millions per annum and there are so many ministers and you defiinitely need to pull strings to get that job
still have a lot of more to complain, but then i'm too tired to keep typing so much
My parents are from Singapore, and I've been back enough that I at least got some of those jokes...haha.
Very cool.
The price of car ownership is no doubt extremely costly in Singapore. But that is to offset the cost of public transport, reduce traffic and of course generate revenue. I lost count of how many BMWs I have seen parked in HDB parking lots though :)
> furthermore, there's a lot of taxes we need to pay and we don't even know where these tax goes to!
However in my opinion this is something I do not agree with, taxes in Singapore are extremely low. The highest tax rate is 20% at that is on $320,000 and above, 7% GST ( which is applicable for businesses above $1m income). Then there are annual GST rebates, spouse rebates etc.
The car ownership stuff is a conscious decision on the part of the government to avoid problems that plague so many cities.
FWIW, I lived in NYC for over a decade, moving to Singapore last September (2013). NYC is definitely more expensive.
[1] http://www.numbeo.com/cost-of-living/compare_cities.jsp?coun...