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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.
That âmiddle-income, two-parentâ descriptor is an important distinction. The âcostâ of raising a child varies significantly depending upon family income: A family earning less than $60,640 per year can expect to spend a total of $173,490 (in 2012 dollars) on a child from birth through high school.