In 2023, the median monthly income in Singapore amounted to ***** Singapore dollars. In that year, full-time employees had a median monthly income of ***** Singapore dollars, while part-time employees had a median monthly income of ***** Singapore dollars.

Wages in Singapore increased to 6282 SGD/Month in the first quarter of 2025 from 6113 SGD/Month in the fourth quarter of 2024. This dataset provides - Singapore Average Monthly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Key information about Singapore Monthly Earnings

• Singapore Monthly Earnings stood at 4,587 USD in Dec 2024, compared with the previous figure of 4,654 USD in Sep 2024
• Singapore Monthly Earnings data is updated quarterly, available from Mar 1995 to Dec 2024, with an average number of 2,913 USD
• The data reached the an all-time high of 4,654 USD in Sep 2024 and a record low of 1,452 USD in Sep 1998

CEIC converts quarterly Monthly Earnings into USD. The Singapore Department of Statistics provides Average Monthly Earnings in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Mean Gross Monthly Income is used which covers all income earned from employment of employed residents only, including self-employed persons who have made Central Provident Fund. Monthly Earnings prior to Q2 2021 are based on SSIC 2010 which be a different methodology. Average Monthly Earnings were used which cover all remuneration received, from employed residens and non-residents, excluding self-employed persons who have made Central Provident Fund.


Further information about Singapore Monthly Earnings

• In the latest reports, Singapore Population reached 6 million people in Jun 2024
• Unemployment Rate of Singapore increased to 2 % in May 2023
• The country's Labour Force Participation Rate dropped to 68 % in Jun 2024

The latest data indicates that the average yearly salary in Singapore is approximately SGD 67,152. This figure can vary significantly based on factors such as job role, experience level, and the specific industry of employment. The median monthly gross salary in Singapore is estimated to be SGD 5,596, with variations depending on the region.

In 2022, the average annual salary for technology employees at Singapore-based startups amounted to 108 thousand U.S. dollars. In comparison, the average salary for a business role stood at 78 thousand U.S. dollars.

Explore the progression of average salaries for graduates in National University Of Singapore from 2020 to 2023 through this detailed chart. It compares these figures against the national average for all graduates, offering a comprehensive look at the earning potential of National University Of Singapore relative to other fields. This data is essential for students assessing the return on investment of their education in National University Of Singapore, providing a clear picture of financial prospects post-graduation.

In 2023, annual wages in Singapore increased by *** percent overall. The manufacturing industry saw an increase of **** percent compared to the previous year. In comparison, the construction industry saw a wage change of *** percent.

In 2023, the median gross monthly starting salary of first-degree graduates from Singapore universities in full-time employment was 4,313 Singapore dollars. University graduate salaries have seen a continuous rise in Singapore.

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.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_ab4f7ecfc45e0a0eafe4ae4397e77059/view

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.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_d136ba3ff9e8208f69e359c69bb0ed0a/view

In 2023, the median gross monthly starting salary of Institute of Technical Education (ITE) graduates in Singapore in full-time employment was 2,450 Singapore dollars. ITEs are public vocational education institutions in Singapore that provide pre-employment training to secondary school graduates, and continuing education and training to working adults.

Singapore Median Monthly Household Income From Work data was reported at 9,023.000 SGD in 2017. This records an increase from the previous number of 8,846.000 SGD for 2016. Singapore Median Monthly Household Income From Work data is updated yearly, averaging 6,053.000 SGD from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 9,023.000 SGD in 2017 and a record low of 4,398.000 SGD in 2000. Singapore Median Monthly Household Income From Work 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.

Key information about Singapore Household Income per Capita

• Singapore Annual Household Income per Capita reached 38,976.554 USD in Dec 2022, compared with the previous value of 37,210.041 USD in Dec 2021.
• Singapore Annual Household Income per Capita data is updated yearly, available from Dec 2000 to Dec 2022, with an averaged value of 27,919.001 USD.
• The data reached an all-time high of 38,976.554 USD in Dec 2022 and a record low of 12,070.323 USD in Dec 2000.
• In the latest reports, Retail Sales of Singapore dropped 6.152 % YoY in May 2023.

CEIC calculates Annual Household Income per Capita from Monthly Average Household Income per Household Member multiplied by 12 and converts it into USD. The Singapore Department of Statistics provides Average Household Income per Household Member in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_a0a94216a4bb495fcd8682934ce85003/view

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.

Adjusted net national income (annual % growth) in Singapore was reported at --0.47858 % in 2019, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Adjusted net national income (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

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.