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Because according to our calculations, it will cost at least SGD $340,000 to raise one child in Singapore from infancy to 21 years of age.arents like marketing manager J Lim, 33, says she typically spends $600 per month on her 20-month old son and puts away $500 monthly into his education fund. She hopes that the fund will accumulate at least $108,000 by the time he turns 18 and in need of the money for his university education.
The $235,000 figure is an average. For the lowest income groups, raising a child will cost about $212,000. For the highest earners, the number shoots up to $490,000. The greatest share of these expenses is housing, which is 30 percent of the total. It's followed closely by child care and education at 18 percent and food at 16 percent.