Millennial Moves from San Francisco to Singapore Due to High Cost of Living
Nick Burns, a former resident of San Francisco, has relocated to Singapore, citing the high cost of living in the U.S. as a primary reason. Burns, who previously worked in the semiconductor manufacturing industry, found it difficult to save money despite earning a six-figure salary. In San Francisco, his rent for a two-bedroom apartment was $5,728 per month, which included a parking fee. In contrast, Burns and his wife purchased a four-room public housing apartment in Singapore for approximately $790,000. The move has allowed Burns to reduce his day-to-day expenses significantly, with cheaper food and transportation options available in Singapore. Additionally, the lower tax rates in Singapore have enabled him to save more of his income. 
