Dear readers, official figures in relation to the 2020 Singapore Monthly Household income were announced last week.
Based on the figures, let us take a look at the comparison based on the monthly household income among the different income brackets.
If your total monthly household income in 2020 is:
a) S$20,000 and over: your household is in the top 13.9% of households in Singapore with this income range
b) S$17,500 and over: your household is in the top 17.9% of households in Singapore with this income range
c) S$15,000 and over: your household is in the top 23.5% of households in Singapore with this income range
d) S$13,000 and over: your household is in the top 29.1% of households in Singapore with this income range
e) S$11,000 and over: your household is in the top 35.9% of households in Singapore with this income range
f) S$9,000 and over: your household is in the top 44.3% of households in Singapore with this income range
g) S$7,000 and over: your household is in the top 53.7% of households in Singapore with this income range
h) S$5,000 and over: your household is in the top 64.1% of households in Singapore with this income range
i) S$3,000 and over: your household is in the top 74.7% of households in Singapore with this income range
j) S$1,000 and over: your household is in the top 84.9% of households in Singapore with this income range
It is reported that the average 2020 household income is S$10,608 and the median 2020 household income is S$7,744.
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