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.

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

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.

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.

Singapore AMHI: Per Household Member by Deciles: 6th data was reported at 2,994.000 SGD in 2017. This records an increase from the previous number of 2,864.000 SGD for 2016. Singapore AMHI: Per Household Member by Deciles: 6th data is updated yearly, averaging 1,941.500 SGD from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 2,994.000 SGD in 2017 and a record low of 1,366.000 SGD in 2000. Singapore AMHI: Per Household Member by Deciles: 6th 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 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.

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.

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

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 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 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.

Source : Derived based on data from Central Provident Fund Board Notes : 1) Average (Mean) Monthly Earnings (AME) refers to all remuneration received before deduction of the employee Central Provident Fund (CPF) contributions and personal income tax. It comprises basic wages, overtime pay, commissions, allowances and bonuses but exclude employer CPF contributions. 2) Data cover full-time and part-time employees who have CPF contributions. They exclude identifiable self-employed persons who have made CPF contribution. 3) Average (Mean) Monthly Earnings covers employees who contribute to the Central Provident Fund. Available quarterly, AME provides a timely rough gauge of average wage movement. However, the AME can be influenced by the changing mix of full-time and part-time workers and variations in overtime as the data are compiled based on the payroll of contributors to the CPF which do not allow for breakdown separately to full-timers and part-timers. Also, as AME pertains to mean earnings, it can be skewed upwards by a small number of very high income earners. For income of a typical worker, users should refer to the median Gross Monthly Income From Work and for wage growth of employees over a year they can refer to the Annual Wage Changes, both of which are available on MOM’s website.

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.

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.

Source: SINGAPORE DEPARTMENT OF STATISTICS

Data Last Updated: 31/07/2019

Update Frequency: 5 years

Survey period: Household Expenditure Survey 2017/18

Footnotes: Income data include employer CPF contributions.

Adapted from: https://tablebuilder.singstat.gov.sg/table/CT/16494

In 2023, almost all income groups recorded an increase in real median income per household member in Singapore. The largest increase was for the fourth decile income level, with a rise of two percent.

Singapore HIW: GINI: After Accounting for Govt Transfers & Taxes data was reported at 0.401 NA in 2017. This stayed constant from the previous number of 0.401 NA for 2016. Singapore HIW: GINI: After Accounting for Govt Transfers & Taxes data is updated yearly, averaging 0.419 NA from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 0.439 NA in 2007 and a record low of 0.401 NA in 2017. Singapore HIW: GINI: After Accounting for Govt Transfers & Taxes data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.H052: Household Income from Work (HIW): Per Household Member: Gini Coefficient (GINI).