Apparently the average household income for Singaporeans is S$11,589

By October 4, 2017Current

TL;DR – If your household income is less than S$11,589, you are considered below average.

According to this article by Seedly which cites Singstat.gov.sg as the source of data, the average household income for Singaporeans is S$11,589.

By average, it means 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.

Here are other numbers to chew on:

  • For households with at least one working person, the median household income for Singaporeans is 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 households.
  • The median household income per household member is S$2,584 and the average is S$3,688.
  • 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.

You can read the full article here.

(Cover image via)
 

READ MORE:  5 Things Singapore needs to learn from Brexit

 

Don't be selfish... Click here to share this on Facebook!

If you like what you read, follow us on Facebook to get the latest updates.

Flora Isabelle Lim

Author Flora Isabelle Lim

On a constant quest to be a really professional internet person.

More posts by Flora Isabelle Lim

Leave a Reply