What Is A Good Salary In Singapore 2023 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 contributions So if you re wondering what a good salary in Singapore is you re in the right place
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 Here s the 2023 edition of our most popular income comparison tool on Salary sg This is the latest version of our Compare Annual Income tool It uses the latest statistical data from IRAS s recently released Annual Report for FY2021 22 the most trusted data on income in Singapore Most other income data are from surveys but this IRAS data is from income tax filings
What Is A Good Salary In Singapore 2023
What Is A Good Salary In Singapore 2023
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The 50 30 20 guideline is an excellent approach to determining your income requirements and preparing for the future According to this strategy you can spend half of your earnings on basic needs such as housing food utilities and insurance You can then spend 30 on non essential items such as dining out travel and entertainment 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
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 Singapore salary trends over the years On a nominal level the median salary in Singapore has grown significantly over the past 10 years Data from the Ministry of Manpower MOM places the median gross monthly income at S 3 705 in 2013 In 2023 the figures had grown to S 5 197 an increase of approximately 140
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Our Salary Guide Singapore 2024 serves as that resource providing the insider information necessary for fair and confident salary negotiations based on qualifications skills and experience Whether you re considering your next career step or evaluating salary ranges across various fields the Page Insights Salary Guide 2024 is your Explore salary trends for over 1 000 jobs in Singapore and find out where your skills can take you and more via straits times https str sg sg salary
According to global consulting firm Mercer s Total Remuneration Survey 2023 employees in Singapore may expect a median wage boost of 4 2 in 2024 up from 4 1 in 2023 The expected increase in median wage rise can be related to factors such as Rising demand for skilled professionals Need to attract and retain top talent in a fiercely The median gross monthly income of full time employees in Singapore is 4 535 which includes CPF contributions from both employer and employee but individual salary may vary depending on industry job title and skills Gross monthly income includes your basic monthly salary plus additional wages like overtime pay bonuses and commissions
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What Is A Good Salary In Singapore 2023 - 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