In 2023, the median monthly income in Singapore amounted to around 4,752 Singapore dollars. In that year, full-time employees had a median monthly income of around 5,200 Singapore dollars, while part-time employees had a median monthly income of around 1,267 Singapore dollars.

In 2024, the average monthly household income per household member was 4,898 Singapore dollars. This was an increase from the previous year and the highest in a ten-year period.

In 2023, the median monthly household income per household member was 3,500 Singapore dollars. This was an increase from the previous year, which indicates that Singapore's economy is recovering from the COVID-19 pandemic.

In 2023, the mean monthly earnings for a female employee was around 5,700 Singapore dollars, while that for a male employee was about 7,200 Singapore dollars. Although the earnings for both males and females had increased, the gap between the mean monthly employees have not been decreased in the past ten years.

Source: SINGAPORE DEPARTMENT OF STATISTICS

Data Last Updated: 07/02/2024

Update Frequency: Annual

Survey period: Household Income From Work, Annual 2000-2023

Footnotes: Note: A resident employed household refers to a household where the household reference person is a Singapore citizen or permanent resident, and with at least one employed person.

Adapted from: https://tablebuilder.singstat.gov.sg/table/CT/17878

In 2023, the average monthly household income in Singapore increased by 0.1 percent, factored for inflation. This was from the increase in average household incomes, which indicates that Singapore's economy is recovering from the COVID-19 pandemic.

Source: SINGAPORE DEPARTMENT OF STATISTICS

Data Last Updated: 07/02/2024

Update Frequency: Annual

Survey period: Household Income From Work, Annual 2000-2023

Footnotes: Note: A resident employed household refers to a household where the household reference person is a Singapore citizen or permanent resident, and with at least one employed person. It is notable, for example, that some resident employed households in the lowest 10% owned a car (16.0%), employed a domestic worker (14.7%), lived in private property (8.0%) or were with household reference persons aged 65 years and over (36.6%) in 2023. It is also important to recognise that not all households are consistently in the same decile group from one year to the next. For example, a household may move down from a higher decile in a particular year due to the temporary unemployment of a household member, before moving up the deciles when the member resumes employment in the subsequent year. In comparing the performance of any particular decile group over time, it is therefore relevant to note that the comparison may not pertain to the same group of households. The Consumer Price Index (CPI) for All Items for the relevant household income group is used as the deflator to compute real income changes.

Adapted from: https://tablebuilder.singstat.gov.sg/table/CT/17908

Singapore Employed Person: Resident: Gross Median Monthly Income: Female data was reported at 3,500.000 SGD in 2017. This records an increase from the previous number of 3,298.000 SGD for 2016. Singapore Employed Person: Resident: Gross Median Monthly Income: Female data is updated yearly, averaging 2,167.000 SGD from Jun 1994 (Median) to 2017, with 21 observations. The data reached an all-time high of 3,500.000 SGD in 2017 and a record low of 1,000.000 SGD in 1994. Singapore Employed Person: Resident: Gross Median Monthly Income: Female data remains active status in CEIC and is reported by Ministry of Manpower. The data is categorized under Global Database’s Singapore – Table SG.G059: Labour Force Survey: Ref. General Household Survey (GHS): Employment: By Gross Monthly Income.

In 2023, the average monthly household income per household member for the first decile was 706 Singapore dollars. In comparison, the average household income for the 10th decile was 14,803 Singapore dollars.

Source: SINGAPORE DEPARTMENT OF STATISTICS

Data Last Updated: 31/07/2019

Update Frequency: 5 years

Survey period: Household Expenditure Survey 2017/18

Adapted from: https://tablebuilder.singstat.gov.sg/table/CT/16487

Singapore Employed Person: Resident: Gross Median Monthly Income data was reported at 3,749.000 SGD in 2017. This records an increase from the previous number of 3,500.000 SGD for 2016. Singapore Employed Person: Resident: Gross Median Monthly Income data is updated yearly, averaging 2,333.000 SGD from Jun 1994 (Median) to 2017, with 21 observations. The data reached an all-time high of 3,749.000 SGD in 2017 and a record low of 1,200.000 SGD in 1994. Singapore Employed Person: Resident: Gross Median Monthly Income data remains active status in CEIC and is reported by Ministry of Manpower. The data is categorized under Global Database’s Singapore – Table SG.G059: Labour Force Survey: Ref. General Household Survey (GHS): Employment: By Gross Monthly Income.

The Singapore Department of Statistics undertakes the Household Expenditure Survey (HES) once in 5 years to collect detailed information from resident households in Singapore. The latest HES was conducted from Oct 2012 to Sep 2013. Topics covered include household consumption expenditure, households' income, socio-economic characteristics and ownership of selected consumer durables.

Singapore AMHI: Per Household Member by Deciles: 10th data was reported at 13,215.000 SGD in 2017. This records an increase from the previous number of 12,773.000 SGD for 2016. Singapore AMHI: Per Household Member by Deciles: 10th data is updated yearly, averaging 9,072.000 SGD from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 13,215.000 SGD in 2017 and a record low of 5,801.000 SGD in 2000. Singapore AMHI: Per Household Member by Deciles: 10th data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.H051: Household Income from Work: Resident Employed Households.

In 2024, the median monthly salary for employed persons aged 45 to 49 years was 7,498 Singapore dollars. In that year, the median monthly income for all employed persons in Singapore was 5,500 Singapore dollars.

Singapore SG: Wage And Salary Workers: Modeled ILO Estimate: Male: % of Male Employment data was reported at 82.008 % in 2017. This records an increase from the previous number of 82.007 % for 2016. Singapore SG: Wage And Salary Workers: Modeled ILO Estimate: Male: % of Male Employment data is updated yearly, averaging 81.497 % from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 86.519 % in 2000 and a record low of 80.294 % in 2004. Singapore SG: Wage And Salary Workers: Modeled ILO Estimate: Male: % of Male Employment data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Employment and Unemployment. Wage and salaried workers (employees) are those workers who hold the type of jobs defined as 'paid employment jobs,' where the incumbents hold explicit (written or oral) or implicit employment contracts that give them a basic remuneration that is not directly dependent upon the revenue of the unit for which they work.; ; International Labour Organization, ILOSTAT database. Data retrieved in September 2018.; Weighted average; Data up to 2016 are estimates while data from 2017 are projections.

The Personal Income Tax Rate in Singapore stands at 22 percent. This dataset provides - Singapore Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the median monthly household income in Singapore increased by 2.8 percent, factored for inflation. The change in real household income has reverted to the normal range before the pandemic-led recession.

Singapore SG: GDP: USD: Gross National Income per Capita: Atlas Method data was reported at 54,530.000 USD in 2017. This records an increase from the previous number of 52,350.000 USD for 2016. Singapore SG: GDP: USD: Gross National Income per Capita: Atlas Method data is updated yearly, averaging 10,875.000 USD from Dec 1962 (Median) to 2017, with 56 observations. The data reached an all-time high of 56,370.000 USD in 2014 and a record low of 490.000 USD in 1962. Singapore SG: GDP: USD: Gross National Income per Capita: Atlas Method data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Gross Domestic Product: Nominal. GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Singapore SG: GDP: Growth: Adjusted Net National Income data was reported at 2.983 % in 2016. This records an increase from the previous number of 0.168 % for 2015. Singapore SG: GDP: Growth: Adjusted Net National Income data is updated yearly, averaging 6.464 % from Dec 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 23.556 % in 2010 and a record low of -6.632 % in 2008. Singapore SG: GDP: Growth: Adjusted Net National Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;

The statistic shows the average household income and spending in Singapore in financial year 2012/2013, by income quintile. In the financial year 2012/2013, the top twenty percent of Singaporean households had almost 17 thousand Singaporean dollars after deducting income against expenditure.