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Absolutely. Singapore is great, and I've always been interested in living there, but the pay for software developers is too low. The cost of living is about the same for (non-PR, non-Malaysian) foreigners as it is in NYC.

From my casual/infrequent research, salaries seem to be about half of what a developer in NYC would make. The income tax rate is lower, but that doesn't help much when you're still paying NYC prices for an apartment.

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Just to add, you might not benefit from the lower income tax in Singapore when migrating from the US due to the Double Tax Agreements between Singapore and US (i.e. you'd have to pay for the tax difference between the Singapore and US tax).

No US tax at all, on the first USD 100K-ish of income earned while living in Singapore. At least that was the case a few years ago.

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