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.

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.

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 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.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_c1a7394aeb3a4265f1730ac09cd051d6/view

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

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.

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.

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

Singapore AMHI: Per Household Member by Deciles: 9th data was reported at 6,279.000 SGD in 2017. This records an increase from the previous number of 5,958.000 SGD for 2016. Singapore AMHI: Per Household Member by Deciles: 9th data is updated yearly, averaging 4,200.000 SGD from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 6,279.000 SGD in 2017 and a record low of 2,821.000 SGD in 2000. Singapore AMHI: Per Household Member by Deciles: 9th 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 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

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_0973b3666ccf235082880d10a1deadd4/view

Singapore Monthly Hsehold Income fr Work Per Hsehold Member at 20th Percentile data was reported at 1,311.000 SGD in 2017. This records an increase from the previous number of 1,280.000 SGD for 2016. Singapore Monthly Hsehold Income fr Work Per Hsehold Member at 20th Percentile data is updated yearly, averaging 828.000 SGD from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 1,311.000 SGD in 2017 and a record low of 628.000 SGD in 2000. Singapore Monthly Hsehold Income fr Work Per Hsehold Member at 20th Percentile 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 2023, the average monthly household income per household member for the first decile was *** Singapore dollars. In comparison, the average household income for the 10th decile was ****** Singapore dollars.

In 2020, 16.01 percent of resident employed households had a monthly income of 20 thousand Singapore dollars and over. In comparison, only 2.27 percent of households had a monthly income of less than one thousand Singapore dollars.

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.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_5de0853d156d86028fbd0fdeae611fdf/view

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 2024, the median monthly household income in Singapore increased by 1.4 percent, factored for inflation. The change in real household income has reverted to the normal range before the pandemic-led recession.

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.