July 27, 2021

15 thoughts on “Singaporeans’ Gross Monthly Income 2009 to 2019 – Check Out Which Percentile You Belong To!

  1. Fantastic article to read together with the credit Suisse wealth report!

    A lot of people "above" me but OK lah, i'm contented. I also came from the lower percentile.

    1. Hi Kevin, I made a mistake in the earlier data of mentioning that 50% earns 6K and below. In fact it is 50% earns less than 4K and below.

      The Median income earlier I pasted is 4.56K is actually including Employer CPF Contribution. Deducting that, Median income is 3.78K instead.

      My apologies. So you are at the higher percentile. 🙂

    2. No apologies needed 😉

      We can see that we actually need different sets of data (salary vs net worth) and different perspectives to paint a full picture.

      If I'm not mistaken, MOM data is basically annual amount simply divided by 12, so one can't simply use our monthly take-home pay as comparison or it will skew the result, but instead include AWS, bonuses and other allowances etc.

      Considering that, it could mean that in some cases, the monthly take-home pay is even lower.

      The flip-side exists as well. Official data does not take into consideration side-hustling and the shadow economy. So, even when I'm making $7/hr in hostels or <$3000 in hospitality, my "real" income could be significantly higher!

    3. Hi Kevin, totally agree with u.

      Yes MoM based on Annual Salary or by Income Tax. So actual monthly salary excluding bonus or AWS is lower or in some cases car allowance which can be 4 digit per month which means basic salary is much much lower.

      Also does not incl. some biz man who reported lower personal income.

      Net worth and employed income is different. For eg Tuition Teacher may also report lower income.

      Thanks for the explanation.

  2. Hi Rolf,

    The reason why I deleted my comment is because after looking at the numbers closer, I see a picture different from my earlier comment.

    They do seem to progress made from bracket below 3k to promote to 3-4k bracket.

    But I also saw very sticky situation at the below 500 people. These group might faced some serious handicapped.

    I also wonder if these figure included workfare?

    1. Hi SI,
      I updated my post. Some mistake because of the confusion of including and excluding Employer CPF contribution.

      Median Income is much lower excl employer portion at 3.78K.

      Yes, in fact many people are still earning very little. But maybe is because they also have other income not reported.. this we do not know.

      What workfare are you referring to? I think the above figure is strictly employment income.

    1. Hi, thanks for the headsup. I made a mistake earlier because the Median income is including CPF contribution in the blue table whereas the red table is excluding employer CPF portion.

      So you are right..50% is in the 3-4K range.

      Thanks.

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