“Only the fact that salaries fell by US$4,000 prevented Singapore from moving up the rankings further,” says ECA International regional director Asia Lee Quane.
The total value of a typical expatriate salary and benefit packages in Singapore increased by 4% to US$258,762 ($343,316) in 2022, pushing the city-state up six places to 16th in the rankings of the costliest places to employ expatriates globally.
According to the annual MyExpatriate Market Pay Survey conducted by software provider ECA International, the cost of benefits in Singapore rose by 9% in 2022 in US dollar terms, driven by higher rental costs.
