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

In 2023, the mean monthly earnings for a female employee was around ***** Singapore dollars, while that for a male employee was about ***** 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.

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.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_c1002c75e01ede0b6cf79979ee1b4cbe/view

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_ecc9bf4002ce1ea951abbb59432dfc82/view

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.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_6e58c0d64bacb693cd1b6e8a74c26866/view

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_a21699b22ed2f2c0374429c5fd638feb/view

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.

Singapore Personal Disposable Income: sa data was reported at 90,869.100 SGD mn in Dec 2024. This records an increase from the previous number of 87,914.700 SGD mn for Sep 2024. Singapore Personal Disposable Income: sa data is updated quarterly, averaging 22,072.350 SGD mn from Mar 1980 (Median) to Dec 2024, with 180 observations. The data reached an all-time high of 90,869.100 SGD mn in Dec 2024 and a record low of 3,553.500 SGD mn in Mar 1980. Singapore Personal Disposable Income: sa data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.A089: Personal Disposable Income and Personal Saving: Current Prices: Seasonally Adjusted.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_2ede16ab227a079fdf98f64aa2ee00a3/view

In a financial wellness survey conducted in Singapore in 2022, working adults in their twenties reported saving ** percent of their monthly income in cash savings. In comparison, the same survey found that working respondents aged 55 to 65 set aside ** percent of their income.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_9834f6cdf1982e201c69c2bca45ad1c6/view

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

In 2021, there were around ** thousand millionaires living in Malaysia. This figure is projected to increase to more than *** thousand in five years’ time. Should the Malaysian economy continue its less than robust growth, however, this figure might have to be revised.

A positive outlook for the wealthy in Malaysia
2020 was not a good year for both the high-net worth individuals and ultra-high net worth individuals (UNHWI) in Malaysia. Compared to 2019, most were optimistic that the global economy in that year was more conducive to preserving and growing their clients' wealth as a majority of private bankers and wealth advisers in Malaysia reported increases in client wealth in that year. However, the HNWIs and UNHWIs live a life far removed from the average Malaysian. In 2019, only *** percent of adults in Malaysia have wealth exceeding 100 thousand U.S. dollars. By comparison, this figure was **** percent in neighboring Singapore.

Excesses of the ultra-rich
In the past year, the Malaysian public has been exposed to the excesses of the rich and powerful through the **** scandal. This saw the then Prime Minister Najib Razak being accused of embezzling from state funds. The media widely publicized the seizure of luxury handbags belonging to Najib’s wife, each of which costs was more than the average Malaysian’s monthly salary. The public’s distaste for Najib’s extravagant lifestyle was so apparent that when his election rival, Mahathir Mohd, was photographed wearing four-dollar sandals, his picture went viral on social media.