Dear readers, the median monthly income in Singapore last year (2023) is $5,197, according to the Ministry of Manpower.
Median monthly income in 2013 was $3,705 and hence in just 10 years time, the median income in Singapore has grown 40%. You can find the median gross median month incomes annually from 2013 to 2023 in this webpage.
Have your monthly income in the past 10 years grown by 40%? If your monthly income growth is more, congratulations you have surpass the median income growth here.
When I was growing up many years ago, $3,000 per month for a family was a comfortable salary and many families were able to sustain on a single income. Fast forward to today, many families are dual income for a more comfortable living in high-cost Singapore.