The Average Singaporean Household Income: Where Do You Stand?

2 min read

We wrote about what is a good pay in Singapore, where a typical Singaporean worker’s median monthly salary stands at S$3,500 (excluding employer CPF). While it is good to know where you stand when it comes to your individual salary, a better number to look at will be your household income.

The average monthly household income measures the combined incomes of all the people living under the same roof. It includes every form of income such as salaries, employer’s CPF wage contributions and investment returns.

Key Takeaways: The median Singaporean household income is S$8,846 

  • Household income is the sum of gross income of all the members of a household.
  • For household with at least one working person, the median household income for Singaporeans is at S$8,846
  • The average household income for Singaporeans is at S$11,589.
  • 10.8% of Singapore’s household is without monthly income.

We usually use median for better representation, since average income is often skewed by top earners. Find out the difference here.

Where do you stand?

The household income of an average Singaporean: Where do you stand?

As for the rest of the household population, here’s the percentage of their monthly household income:

  • The median household income is at S$8,846.
  • Hence, if you add up the monthly income of income earners in your household and it exceeds S$8,846, you are better off than 50% of the households out there.
  • The average household income is S$11,589.
  • If your household income is less than S$11,589, you are considered below the average.
  • The main percentage (49.4%) of Singaporean households fall in the monthly household income range of S$1,000 to S$8,999.

A more detailed distribution of Singaporeans in terms of monthly household income

Median household monthly income per person: S$2,584

  • Household income can be inaccurate as different household comprises of different amount of members.
  • A household with only 2 members is better off than a household comprising of 5 members, given the same household income.
  • Household monthly income per person is calculated by taking the total gross household monthly income divided by the total number of family members living under one roof.
  • The median household income per household member is S$2,584 and the average at S$3,688.

Hence, if your household income per member in the household is above S$2,584, you are better off than 50% of the households in Singapore.

What does it mean for you?

” It is what you do with your income that matters.”

Falling below the median for household income does not necessarily mean that you are poor. In fact, we know of more Singaporeans who are poor despite earning a higher income. This is because, with an increasing salary, people often start spending more. We should ultimate aim to have our increase in expense lesser than the increase in income.

Salary and Expenses Singapore

What can you do about it?

If you fall below the median household income, here are some ways to not let it get in your way:

  • Getting proper coverage and your safety net will always be your first step.
  • Household income includes every form of income, including investment gains. One can look to increase his household income through investments.
  • Simple things such as getting on the best savings account for that extra interest rate can help you in the long-run.
  • Married couples can look to come out with a possible budgeting formula to help them save better for their household. Here’s one of the method we wrote about which can help a couple save an extra S$120K.
  • Another good life hack as Singaporeans will be to make use of Skillsfuture to upgrade yourself in terms of knowledge and skills. Here are some of the finance related courses which will benefit you.

Further Reading: Demographics of Singapore’s household:

  • Out of all the household headed by a Singapore citizen or permanent resident, 10.8% is without a monthly income.
  • 7.5% are retiree households where it comprised only non-working adults over 60 years old.


source of data: Singstat.gov.sg

Guides For Every Lifestage

Seedly understands that each phase in life requires different personal finance needs and risk appetite. With that, we compiled our articles into guides to help you out.