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.

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

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.

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

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 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.

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_1db7fc61182711ea8e2f125e9dd2c014/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

Singapore SG: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data was reported at 9.014 % in 2012. Singapore SG: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data is updated yearly, averaging 9.014 % from Dec 2012 (Median) to 2012, with 1 observations. Singapore SG: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % 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: Poverty. Proportion of population spending more than 10% of household consumption or income on out-of-pocket health care expenditure.; ; World Health Organization and World Bank. 2019. Global Monitoring Report on Financial Protection in Health 2019.; Weighted average;

Singapore Assessable Income: Total data was reported at 149,013.000 SGD mn in 2015. This records an increase from the previous number of 137,601.000 SGD mn for 2014. Singapore Assessable Income: Total data is updated yearly, averaging 65,498.000 SGD mn from Dec 1998 (Median) to 2015, with 18 observations. The data reached an all-time high of 149,013.000 SGD mn in 2015 and a record low of 36,123.000 SGD mn in 1998. Singapore Assessable Income: Total data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.F010: Taxable Individuals by Assessed Income Group.

Singapore Personal Saving Rate: sa data was reported at 35.300 % in Dec 2024. This records an increase from the previous number of 33.500 % for Sep 2024. Singapore Personal Saving Rate: sa data is updated quarterly, averaging 21.400 % from Mar 1980 (Median) to Dec 2024, with 180 observations. The data reached an all-time high of 55.700 % in Jun 2020 and a record low of 6.700 % in Sep 1988. Singapore Personal Saving Rate: 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.

Between 2018 and 2020 in Singapore, the average number of subscription video on demand (SVoD) subscriptions per person increased from *** to ***. Over-the-top (OTT) video services, which include the popular SVoD platforms Netflix, Disney+, and Viu, are now the leading service platforms for viewing video content in the country.

Changing trends in TV viewership

With revenues of SVoD services projected to grow steadily in Singapore in the coming years, traditional pay-TV revenues are expected to decline. These figures speak to changing trends in how consumers are accessing video content, with smartphones and smart TVs now the most popular devices for watching OTT content.

Streaming has reach across demographics

SVoD penetration in Singapore reaches across segments of the population, with a sizeable share of people of all income levels having at least one streaming service subscription. Furthermore, a similar trend is seen in the share of streaming subscriptions across age groups.

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 2023, there were approximately ******* foreigners employed as migrant domestic workers (MDWs) in Singapore. That year saw the highest number of migrant domestic workers employed in Singapore in the last decade. Who qualifies as a migrant domestic worker in Singapore? Migrant domestic workers, locally known as maids, make up the second-largest group of foreign workers in Singapore. MDWs must be women between 23 and 50 years from approved source countries, such as Indonesia and the Philippines, who come to Singapore to be helpers in the home. Women applying for this permit must have a minimum of eight years of formal education and undergo medical screening for infectious diseases before being eligible to work. Upon commencing work, their responsibilities range between general housekeeping, childcare duties, and caring for elderly or sick family members. Maids in Singapore – a system rife for abuse? MDWs in Singapore work long hours and are vulnerable to abuse and exploitation. Singapore does not have a minimum wage for MDWs, with salaries ranging from 300 to 650 Singapore dollars a month, markedly below the average monthly salary in Singapore. These women are wholly dependent on their employers for shelter, food, and income. As there are no regulations for working hours for MDWs, many work more than the average paid hours of a regular employee. Only from January 1, 2023, would employers be legally required to give their MDWs one mandatory rest day a month that could not be replaced by monetary compensation.

In 2023, Singaporean residents made about **** million outbound departures by air. By comparison, there were around **** million outbound departures by sea in that same year. With the proliferation of budget airlines and increasing disposable incomes, more Singaporeans were flying out of the country in the last eighteen years. This continuous increase in travelers, however, was halted when the COVID-19 pandemic struck in 2020, in which travel restrictions were put in place and resulting in the significantly low amount of departures made. Taking off to the skies on a budget In the early 2000s, budget airlines such as AirAsia and Tiger Airways started introducing low-cost short-haul flights. This consequently enabled more people to fly and made regional destinations more accessible. In the financial year 2019-2020, Singapore Airlines’ budget carrier Scoot carried more than ten million passengers, compared to under *** million in 2014. Regional holiday destinations popular with Singaporeans include Bali, Phuket, Bangkok, Tokyo and Hong Kong. More budget for travel In 2017, Singaporeans made an average of 3.51 trips per person. By 2021, Singaporeans would make close to 700 percent more trips than there were households. The increased mobility is reflective of an increase in disposable income, with more Singaporeans having the means to afford making more overseas trips. In 2022, the average monthly household income had increased by more than a thousand dollars compared to 2012. With higher incomes and more affordable flights, it seems more Singaporeans are escaping the busy city state for a quick trip nearby.