GITNUX MARKETDATA REPORT 2024
Statistics About The Average Income In Singapore
The average monthly income in Singapore was SGD 4,563 in 2020, with an annual growth rate of 2.2%.
In this post, we will examine a comprehensive set of statistics on the average income levels and income distribution in Singapore. From the average household income across different segments to the changes in income inequality and trends over the years, we delve into a detailed analysis of the economic landscape in Singapore based on the most recent data available.
Statistic 1
"The average monthly income of households in Singapore was SGD 12,396 in 2019."
Statistic 2
"The median monthly income per household member was SGD 3,000 in 2020."
Statistic 3
"The average household income of the top 10% of households was SGD 44,437 per month in 2020."
Statistic 4
"The average household income for the bottom 10% of households was SGD 611 per month in 2020."
Statistic 5
"In 2020, the median gross monthly income of full-time employed residents was SGD 4,534."
Statistic 6
"In 2019, the median gross monthly income of part-time employed residents was SGD 1,048."
Statistic 7
"In 2020, the average household income of a household with at least one working person was SGD 12,026 per month."
Statistic 8
"In 2020, the average resident employed household income was SGD 9,189."
Statistic 9
"In 2019, the median monthly household income from work for resident employed households in HDB 1- and 2-room flats was SGD 2,246."
Statistic 10
"In 2019, the average monthly gross income of a full-time employed resident in their 20s was SGD 3,541."
Statistic 11
"In 2019, the median monthly gross income for full-time employed residents in their 40s was SGD 5,910."
Statistic 12
"In 2019, the average monthly gross income for full-time employed residents in their 50s was SGD 5,758."
Statistic 13
"In 2020, the average monthly household income per household member was SGD 2,925."
Statistic 14
"In 2019, the average monthly household income for residents living in private flats was SGD 23,257."
Statistic 15
"In 2020, the average household income in Singapore fell for the first time in 10 years."
Statistic 16
"In 2020, the Gini coefficient, a measure of income inequality, fell to 0.375, the lowest in 20 years."
Statistic 17
"In 2020, the average monthly household income from work per household member in the bottom decile fell by 3.4% in real terms."
Statistic 18
"For full-time employed non-residents, the median gross monthly income was SGD 7,000 in 2020."
Statistic 19
"In 2020, households in landed properties had average monthly income of SGD 32,759."
Jannik Lindner
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