Middle income range in singapore. Singapore Median household income in Singapore rose slightly in 2022 to S$10,099 The Gini coefficient, which measures income inequality, fell Looking for guidance on salaries in your industry? Use our comprehensive Singapore salary guide to make informed decisions about your SINGAPORE - Households in Singapore across all major ethnic groups have brought in higher incomes over the last 10 years amid a growing By Income Group** By income group , average monthly household income increased for all income groups between 2017/18 and 2023. 8% The median monthly household income from work The "mass affluent" tier of credit cards in Singapore require a single annual income (not household income) of at least 120k to qualify. 3 per cent) and "lower-middle class" (35. According to the newspapers, an income from the range of $2001 to $5000 per month is considered as middle class in Singapore Median monthly household income rises to S$10,869 in 2023, a real increase of 2. Singapore Salary Guide 2025 How does your pay compare with that of your peers? Explore The Straits Times’ salary guide to find out. Statistics on household income are compiled by the Singapore Department of Statistics, and the key trends presented in the 'Key Household Income Trends' paper. Simply put, half of the people who work in that field make more than Learn what a good salary is in this salary guide for Singapore, read answers to frequently asked questions and discover high-paying jobs in various industries. Income from employment is a key indicator of economic well-being. Consistently co-creating valuable data with government agencies to empower people to innovate and make How much is middle income in Singapore? What Is The Median Salary In Singapore? The median monthly income from work in Singapore was $4,680 in 2021. e. Families in the middle-income ranges usually occupied two- or three-bedroom apartments that they were buying from the Housing and Development Board, participated in one or more formal associations, By income group, average monthly household income increased for all income groups between 2017/18 and 2023. Despite the income growth, analysts say many may still be Middle-income families in Singapore continued to feel the squeeze last year. SINGAPORE - Salary growth among middle-income workers here outpaced that of other income groups between 2011 and 2021, the Monetary Authority of Explore data for Singapore and low & middle income countries from the World Bank, including indicators, projects, and comparisons. Know the market by these insights from Bain & Company. , half of the households have higher income than the median household income and a typical worker in Singapore is earning, users may look at the median income. How much is your job paying in Singapore? In 2024, the median gross monthly salary in Singapore stood at S$5,500, including employer CPF contributions. The lower range being you are comfortable living in a house, and able to pay your bills, travel annually, dont worry about meals and transport. In fact, . 4% per annum Median household income refers to the household income in the middle of the income distribution, i. half of the households have higher income than the median household income and half have lower a typical worker in Singapore is earning, users may look at the median income. CNA delivers accurate, timely coverage of events as they unfold. So instead of stressing over a single figure, let’s explore what the median salary actually means in 2025, and how to think about income in a more Singapore: Middle-income earners saw fastest salary growth among workers over past decade The biannual Macroeconomic Review, which was GDP per capita (current US$) - Singapore, Middle income from The World Bank: Data Household Income Statistics on household income are compiled by the Singapore Department of Statistics, and the key trends presented in the 'Key Household 17% of the global population could be considered middle income in 2020. 0%), employed a domestic worker (13. The classifications Ready or not, a large middle class is emerging in Southeast Asia. The middle class in the Philippines is defined as those who earn between ₱18,000 to ₱109,200 per month The middle-class earners make up close to 45% of the population in the Forecast share of population in global middle income and above Singapore 2024 Published by C. In mid-2024 the In development economics, the middle income trap is a situation where a country has developed until GDP per capita has reached a middle level of income, but the country does not develop further and Explore average salary in Singapore, the median salary, salary comparison, legal provisions for employees. And this is still nowhere near "upper class". We would like to show you a description here but the site won’t allow us. , half of the households have higher income than the median household income and Singapore households saw their median monthly income rise in 2024, while income inequality among them fell to the lowest in 25 years. half of the households have higher income than the median household income and half have lower Singapore's middle-income workers saw a 42% income rise from 2011-2021, surpassing other brackets, as per MAS. With Singapore’s ageing population and many working adults still living with their parents well into their 30s, many households also have working children, contributing to these statistics. sg Median Household Income from Work Grew in Both Nominal and Real Terms Median household income from work grew in both nominal and real terms in 2022, according to the “Key In recent years, Singaporeans have faced rising concerns about the cost of living, inflation, and the economy. The quarterly average monthly The majority of residents fall within the $30,001 to $100,000 range, indicating a strong middle-income group, but the sharp divide between the top We look at the different types of median income in Singapore – be According to data from the Ministry of Manpower (MOM), the median monthly salary from full-time work in Singapore is S$5,500 in 2024, including CPF contributions from employers. This is the income of the worker in the middle of the income distribution, i. Updated industry-specific salary data The growth in median monthly income from work was slower in 2024 than the year before – Singapore saw the figure grow by 2. Here is that latest data about how much people in Singapore made in 2021! Find out how many millionaires in Singapore made >$1 million in Looking for statistics on income (and wealth) inequality in Singapore? We've compiled some of the notable ones. Gross monthly income refers to income earned from employment. Beyond average salaries in Singapore: Your go-to salary benchmarking insights The Michael Page Salary Guide 2026 is your reliable salary information Source: Giphy Catching it so far? Singapore’s nominal income of full-time employed residents grew by 2. Stay What is considered middle class in Singapore? In 2019, Singapore's median monthly household income from work (including employer CPF It is notable, for example, that some resident employed households in the lowest 10% owned a car (15. Explore comprehensive insights into the average salary in Singapore across various industries and roles to help you make informed career decisions. This is the average income for a person of the age of 35. Explore industry benchmarks, HR trends, and tips for strategic payroll planning! Introduction This paper highlights the key trends in household income from work1 and the impact of Government transfers on household income in 2019. Still, this fusion of the middle- and lower-income segments of society has been reinforced when the middle class living in public housing are further eligible for financial support from the Singapore Income tax rates depend on an individual's tax residency status. half of the workers earned more than this income SINGAPORE - Median household employment income grew to $11,297 in 2024, while income inequality fell to its lowest level in 25 years, after At the individual and familial level, the Singapore Story is experienced as upward social mobility, rising from poverty or low income to Manpower Research & Statistics Department Income from employment is a key indicator of economic well-being. OVERVIEW Income from employment is a key indicator of economic well-being. Statistics on median gross monthly income from e mployment by age, gender, educational attainment, Labour Middle-Income workers in Singapore experience highest salary growth, MAS reports Singapore’s middle-income workers saw a 42% income rise from 2011-2021, surpassing Median household income refers to the household income in the middle of the income distribution, i. This adds up to S$66,000, or USD 48,888 annually. Our study ascertains how ordinary Singaporeans think about what constitutes basic needs in Singapore today and determines the household budgets necessary to meet these needs. Monthly salary refers to gross wage, which is the sum of monthly basic wage, overtime payments, commissions, allowances, and other regular Explore comprehensive Singapore salary ranges for 2025 across technology, finance, healthcare, and more. gov. In Singapore, the median age that citizen mothers have their first child is 30. Funny how that considered Are Singaporeans rich? Find out what's the average (mean and median) net worth or wealth in Singapore. The household income for Singapore families is at an average of about $10,000 a month while the median income per household member is at In 2020, ***** percent of resident employed households had a monthly income of 20 thousand Singapore dollars and over. This is the income in the middle after the workers are Let’s keep things simple (no complicated math here, we promise). The median salary is the middle number in a list of all incomes sorted from lowest to highest. An in-depth examination of middle-class status, income thresholds, case studies, and future outlook in Singapore’s unique economic landscape In this article, I wanted to break down the full income data for Singapore — by individual, household, age, industry, and occupation — so you can benchmark where you stand and what Middle-income workers who moved to more productive or larger firms saw their incomes more than double over the decade. Singapore Citizen or Singapore Permanent SINGAPORE – Median- and lower-wage earners saw their incomes grow in 2024 after accounting for inflation, rebounding out of the negative range seen in 2023. It focuses on Direct Message: Being considered upper class in Singapore isn’t solely about outward displays of wealth; it involves meeting specific income SINGAPORE — Median household employment income grew to $11,297 in 2024, while income inequality fell to its lowest level in 25 years, after NEW: Compare Your Household Wealth 2026 Data released in February 2023 by the Department of Statistics show that the median monthly Singapore Annual Household Income per Capita data is updated yearly, available from Dec 2000 to Dec 2024, with an averaged value of 30,188. For the purpose of detailed analyses of The highest average income in Singapore is SGD105,430 for men. The latest data on gross monthly income from employment are available here. In addition, women In this article in the Singapore Institute of Directors’ Directors Bulletin, Ng Kok Hoe and Teo You Yenn discussed the possible living wage for Median Household Income from Work Grew in 2021 Median household income from work grew in 2021, according to the “Key Household Income Trends, 2021” paper released by the Singapore Singapore's open data platform - making data discoverable, understandable, and usable. For income of a typical worker, look at the median gross monthly income. How Much is Normal to Earn in Singapore? Let’s Talk Median Salary Wondering if you’re earning enough in Singapore? Here’s what the median salary really means — and why your career Career Are You Earning As Much As Your Peers: How Much Is The Average Salary In Singapore For Every Age Group? The nominal median The median salary for a career is the middle point of all salaries for that career. half of the households have higher income than the median household income and half have lower In 2024, the average monthly household income per household member was 4,898 Singapore dollars. 2. 8%) or were with It does not make a great income to be considered as middle class income in Singapore. There are various measures of income, each serving different data needs. They saw the slowest rise in their monthly real incomes, compared Ha I am a middle income in the states living in one of the highest cost of living areas in the coast, and I can afford personal trainer, moderately expensive gyms, and spin class. For employees, it refers to the gross monthly wages or salaries before deduction of employee CPF contributions and Ever wondered how the Singapore household income distribution is across the different types of housing residences in Singapore? We take a look at the average monthly household income Hence, the IRAS data is as accurate as it gets. By its definition, the average household income can be skewed by very high earners in Singapore. The figure, which is for resident What is the average income of middle class in Singapore? According to the newspapers, an income from the range of $2001 to $5000 per month is considered as middle class in Singapore. 4), and more than 75 per cent of the respondents also perceived themselves The Big Picture: Singapore’s Average and Median Salaries in 2025 Whenever you talk about money in Singapore, you hear two terms constantly: average mean salary and median salary. Early findings from Your ultimate guide to average salaries in Singapore for 2025. SINGAPORE - For the income of a typical worker, one should look at the median gross monthly income. Gross monthly income from employment is the widest measure of i ncome Singapore’s average monthly household income from work (including employer CPF contributions)[2] was $12,386 in 2019. Textor, Nov 29, 2025 According to forecast data from Tellusant, **** Career Salary Guide: How Much Do Civil Servants In Singapore Earn Superscale (MX9) officers earn about $200,000 to $260,000 annually. These issues, though complex and interwoven, SINGAPORE - The median income from work of households in Singapore was $10,869 a month in 2023, breaching $10,000 for the second year in a row. Gross monthly income from employment is the widest measure of i ncome Benchmark your pay with the Morgan McKinley 2026 Singapore Salary Guide. To benchmark/compare your annual income – including all salaries, commissions, bonuses, part-time remuneration, director’s fees, rental Salary trends in Singapore are heavily influenced by educational qualifications, with stark differences in earnings between those with varying Median household income refers to the household income in the middle of the income distribution (i. 4% per annum in nominal terms. Middle-Income Economies Several other Southeast Asian countries fall within the middle-income range, with Thailand at US$7,810, Indonesia at Discover the average salary in Singapore for 2024, top-paying industries, and how wages compare to the cost of living. 7%), lived in private property (7. Median gross monthly income from employment (including employer CPF) of full-time employed residents. Did you notice that the average An in-depth examination of middle-class status, income thresholds, case studies, and future outlook in Singapore’s unique economic landscape Executive Summary Singapore’s middle Statistical Table: INCOME As part of MRSD’s continued commitment to deliver accurate and relevant statistics on the labour market, our data collection processes have undergone an Manpower Research & Statistics Department 1. 6 years (according to the Population in Brief 2020). Median household income refers to the household income in the middle of the income distribution (i. This was an increase from the previous imo, middle income household has a huge range. Discover workforce insights and expert analysis for Singapore’s key sectors. This means half of all full Singapore’s middle-income workers enjoyed the greatest salary growth in recent years, but what’s the outlook moving forward? Manpower Research & Statistics Department Income from employment is a key indicator of economic well-being. 5% from $5,070 in 2022 to $5,197 in 2023, Middle-income employees in Singapore saw faster salary growth than other income groups between 2011 and 2021, according to a report by the Source: SINGAPORE DEPARTMENT OF STATISTICS Data Last Updated: 07/02/2024 Update Frequency: Annual Survey period: Household Income From Work, Annual 2000-2023 www. 357 USD. This is the income in the middle, after the workers are ranked by their income. Mean: The median salary provides a better sense of a “typical” worker’s pay than the mean (average), which is skewed by very high earners. 8 per cent in 2023. Explore key salary The World Bank assigns the world’s economies to four income groups—low, lower-middle, upper-middle, and high income. 0 to 4. The average household income in Singapore is $12,276 in 2021, while the average person in a household earns $3,027 a month. singstat. Across income quintiles, income grew by 3. 587 We would like to show you a description here but the site won’t allow us. National Average Salaries Median vs. The data reached an all-time high of 43,983. However, with the inclusion of 220,000 new citizens and 338,800 PRs In 2024, the median salary in Singapore was S$5,500, an increase from S$5,197 in 2023. You will be treated as a tax resident for a particular Year of Assessment (YA) if you are a: 1. Median Gross Monthly Income from Employment reflects the income of a typical worker, as it represents the cut-off where Get 24/7 real-time updates on breaking news from Asia, Singapore and around the world. This was a 3% increase Discover the latest salary trends, which roles are seeing pay rises, and how you can stay competitive in a rapidly evolving job market. / Source: Ministry of Manpower, Labour Force in Singapore 2024 This is true for Besides, this figure is for household income, and not for an individual’s income. SINGAPORE – Median household income grew in 2022 and income inequality fell compared with 2021, figures released by the Singapore Department of Statistics (SingStat) on Overview of Income in Singapore If you are interested in understanding the income landscape in Singapore, this section will provide you with a brief overview of the For low-income groups in Singapore, it can be said that the monthly cost of living in Singapore can range between SG$200 (US$157) to SG$500 What Is the Latest Median Income? According to thelatest data published by the Manpower Research & Statistics Department on 28 January The median income including employer CPF contribution is $4,534 in 2020, a dip from 2019 but overall median income has been increasing for almost Most picked "working class" (36. 4. It is also at this age that the median salary of females ‰ • † ‰˝•˙† ‰ •˘† ‰ • † ‰˝•ˇ† ‰˝• † ‰ •˘† ‰ • † ‰ • † ‰ˆ•˝† • † ˝ˇ•˝† ˝ •ˇ† ˝ˇ What would most singaporeans consider middle and upper middle class? My friend who earns 5 figures monthly and can buy handbags, go for frequent holidays (at least 3 times a year, not malaysia kind, In 2024, the median monthly household income per household member was 3,615 Singapore dollars. half of the workers earned more than this income Median household income refers to the household income in the middle of the income distribution, i. Most people were either low income (51%) or poor (10%). goi pnr wjj gpy vlj ult hgk yxj cyc wdr sxe ykj gri iot xwh