Singapore Salary Guide 2023 By Age Whether you re happy with your wage or looking for an increase the good news is that salaries have risen in Singapore for experienced workers and recent graduates A survey of 11 200 graduates found the median gross monthly salary for full time permanent jobs had increased from 3 600 in 2019 to 3 800 in 2021
The median monthly income from work in Singapore was 5 197 in 2023 This was a 2 5 increase compared to the 2022 median salary of 5 070 Over the past 10 years the median income has actually risen over 40 or over 3 4 p a from 3 705 in 2013 It s important to also note that these figures are inclusive of Employer CPF contributions The age group analysis is based on data on gross monthly income from work from MOM s Singapore Yearbook Of Manpower Statistics 2023 Data on the most in demand jobs is specially provided by MOM
Singapore Salary Guide 2023 By Age
Singapore Salary Guide 2023 By Age
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The Ultimate Singapore Average Salary Guide How Much You Should Be Making in 2024 Singapore has some of the highest wages in the world According to recent data Singapore s median salary for full time work in Singapore is S 5 170 monthly in 2023 and is projected to be around S 7 310 monthly in 2024 including the employer s CPF If you make 100k yearly you are at the 73 1th percentile This is 1 3 lower than in 2021 which would place you at the 74 4th percentile using an older version of this tool See the previous version of our Compare Annual Income tool 2021 To be in the top 10 you need an annual income of 191k It was 186k previously
Over the past 10 years 2013 to 2023 Singapore s median income increased by 40 3 This is an annualised increase of 3 4 After factoring in inflation the annual increase was 2 0 If we exclude employer CPF contributions the average median income in 2023 was 4 550 per month or 54 600 per year Average Income Salary in Singapore by Age Salary results are based on the Ministry of Manpower s Occupational Wages 2023 data and Labour Force in Singapore 2023 report How much are people in your age group earning
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Compared to a growth rate of 3 5 last year Singapore s economy is expected to grow by 0 5 2 5 in 2023 The silver lining to this is that while businesses may exercise more caution when hiring they will also focus more on utilising their existing talent in the most efficient ways Another crucial point that jobseekers can rejoice in The Page Insights Salary Guide 2024 offers a detailed look into the Singapore job market highlighting salary trends across various industries This essential tool helps both employers and job seekers by offering a deep dive into salary data enabling them to make well informed decisions during hiring processes and salary discussions
Note All figures are extracted from MOM s Labour Force in Singapore 2023 report Read Also What s The Median Salary In Singapore At Every Age Gender Education and Race Median Salary In Singapore By Age Group According to MOM the median gross monthly income from work excluding employer CPF is 4 550 for full time employed residents Expand all 01 What is the average salary in Singapore The average salary in Singapore is around S 70 000 Full time workers in Singapore on average make S 5 783 a month equating to S 69 396 a year 02 How to use the salary calculator Simply type in the job title you wish to search and click Compare Salary
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Singapore Salary Guide 2023 By Age - The Ultimate Singapore Average Salary Guide How Much You Should Be Making in 2024 Singapore has some of the highest wages in the world According to recent data Singapore s median salary for full time work in Singapore is S 5 170 monthly in 2023 and is projected to be around S 7 310 monthly in 2024 including the employer s CPF