CostTrek

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Mexico vs Singapore

Singapore is {pct} {word} than Mexico. Compare cost of living, taxes, salaries and visas — and the salary you’d need in Singapore to match Mexico.

Mexico vs Singapore at a glance — Singapore is 127% more expensive than Mexico overall. Average net salary: $4,500/mo vs $700/mo. Top income tax: 24% vs 35%.

MexicoSingapore
Cost of living
Cost of living index59134
Taxes
Income tax (top rate)35%24%
VAT / sales tax16%9%
Corporate tax30%17%
Capital gains—0%
Economy & salaries
Avg net salary$700/mo$4,500/mo
Minimum wage$420/mo—
GDP per capita$13,889✓$98,814✓
Inflation (annual)3.8%✓0.9%✓
Life expectancy75 yr✓83 yr✓
Quality of life
LGBTQ+ acceptanceModerateLow
Digital-nomad visaYesNo

✓ = official statistics (World Bank 2025, World Bank 2024). Unmarked figures are CostTrek estimates. How we calculate these figures →

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? Frequently asked questions

Is Mexico cheaper than Singapore?

Singapore is about 127% more expensive than Mexico overall — its cost-of-living index is 134 versus 59 for Mexico.

How much do you need to earn in Singapore to live like in Mexico?

To keep the same standard of living, a $75,000 salary in Mexico is worth about $170,200 in Singapore. Enter your own figure in the calculator above.

Which has lower taxes, Mexico or Singapore?

Singapore has the lower top income-tax rate — 24% versus 35% in Mexico.