Singapore is one of the best places in the world for a child to grow up, according to the annual “End of Childhood” report by the ‘Save the Children’ NGO. Parents love the fact that it is safe for young children to travel independently to school or to after-school classes on public transport or to go to nearby playgrounds with minimal supervision. They also appreciate that their children have access to world-class educational opportunities and health care facilities.
However, all of these benefits can come at a cost. Some estimates of the cost of raising a child from birth until the age of 20 in Singapore can range from about $300,000 to $800,000 or more. Many expatriate families find international schools to be a more suitable and practical option for their children, especially given the possibility of future relocations, the multicultural experience of an international school and the fact that public schools in Singapore are not very easy to get into (about 4% of the student population in local Singapore schools come from the international community). This increases the cost of raising a child in Singapore.
On average, most expatriate families will find that the costs of raising a child in Singapore are on the higher range and that international schooling accounts for a significant share of the expenditure for children.
The Cost of Raising a Child in Singapore: By the Numbers
The actual cost of raising a child in Singapore is going to vary significantly from family to family. This is to be expected, as many families have different budgets and spending habits. However, Smart Parents recently broke down the cost estimates that parents can expect throughout the course of their childhood:
Factoring an International School Into the Cost of Child-Rearing in Singapore
Expatriate families who relocate to Singapore often opt to send their children to international schools, as these schools provide a multicultural experience as well as a seamless transition for students. However, some international schools can be quite expensive. Depending on the school that a family selects, the cost to raise their child in Singapore can increase from $300,000 to $800,000 or much more.
For example, the higher-cost international schools in Singapore require families to pay fees as high as $46,000 per year for primary school and $52,000 per year for secondary school. One World International School, however, charges approximately $18,000 per year for primary school and $20,500 per year for secondary school. While OWIS offers a moderate fee structure, it does not compromise when it comes to the quality of the educational experience that it provides.
Our expansive campus and internationally-recognised curriculum comprising IB PYP, IGCSE and IBDP provides students with an engaging environment where they will have the ability to become passionate, lifelong learners.
The Benefits of a Moderate-fee International School That Doesn’t Compromise On Quality
When you select an international school that offers a moderate fee structure such as OWIS, you and your family will enjoy financial savings. There are numerous other benefits that your children will enjoy at OWIS.
When you select One World International School for your child, you will find that you can lower the cost of raising a child in Singapore without compromising on the quality of education that your child receives.
At OWIS, we have a variety of programmes and initiatives that will enhance your student's learning experience. Our campus amenities include performing arts and music spaces, athletic facilities, recreational areas and technology labs. While the fees at OWIS are significantly lower than many other international schools, the value of our educational experience is much higher. Our commitment to providing a holistic, values-driven education in a multicultural environment allows every learner at OWIS to be ready for the future.
We know that you cannot put a price tag on raising your children, but at OWIS, we can help you lower the financial impact of bringing up your children in Singapore without compromising on the quality of education that they receive. At OWIS, your child will benefit from an international curriculum, specialist classes, excellent teachers, robust facilities and ample technological resources.