How does your household’s net worth stack up against others in Singapore?
Your net worth is the clearest measure of your financial health. It adds up everything you own and subtracts what you owe, so it captures how much you have earned, saved, invested, and borrowed over the years.
Below we break down the key statistics using the latest available data: the Singapore government’s first official breakdown of household wealth, plus the newest global per-adult figures. If you want to work out your own number first, try our net worth calculator.
We update this article as new data is released.
All figures are in Singapore dollars unless otherwise stated.
Summary of Key Findings
All figures are from SmartWealth’s analysis of the MOF Occasional Paper (February 2026, wealth data as at 2023) and the UBS Global Wealth Report 2026.
- The average household net worth in Singapore was $1,755,000 as at 2023
- The top 20% of households averaged $5,264,000 in net worth, while the bottom 20% averaged $293,000. That means the top 20% hold more wealth than the bottom 80% combined
- Property makes up 59% of total assets and 56% of total net worth (after subtracting mortgages), making it the dominant component of household wealth in Singapore
- The average adult in Singapore held about US$527,217 (roughly $682,000) in wealth in 2025, the 6th highest of 56 markets tracked by UBS
- Singapore’s wealth Gini coefficient is 0.55, lower than the UK, Germany, and Japan
- Even the bottom 20% of Singapore households hold positive net worth
SIDE NOTE
A policy bought years ago. Savings in three places. A will that's still on the to-do list.
None of it is wrong. It's just not a plan yet.
There's an order that turns the pieces into one system, and it doesn't require becoming a finance expert. Here's the order, in 7 steps, so you know what to sort out first.
The Source of Our Data
We previously relied on the Credit Suisse (now UBS) Global Wealth Report for Singapore net worth statistics. That report estimates wealth using a statistical model applied across countries, and its per-adult figures did not fully account for Singapore’s unique CPF and HDB structures.
Our primary source is now the MOF Occasional Paper on Income Growth, Inequality and Social Mobility Trends in Singapore, published in February 2026. The wealth data within it comes from the Department of Statistics’ Household Expenditure Survey 2023, so the household figures below reflect wealth as at 2023. That survey runs roughly every five years, so the next official update to these figures is likely to be several years away.
Two things make this the most complete picture of Singapore household wealth published so far. It is government-sourced rather than estimated externally, and the survey captured investment property equity for the first time, a real source of wealth that was previously left out entirely.
The UBS report still has one thing the government data does not, though: a per-adult view that is updated every year and comparable across countries. So we now use both, and we explain how the two sets of numbers fit together in statistic 5 below.
What counts as net worth here?
Net worth is simply your household’s total assets minus what you owe. Assets include property values, CPF balances, and other financial assets. What you owe consists mainly of outstanding mortgage loans.
The data covers resident households, meaning households headed by a Singapore citizen or permanent resident.
A note on income versus wealth
The lowest-income households in Singapore are not necessarily the least wealthy. Many are retirees living off their CPF savings and property assets rather than earning a salary. Income and wealth therefore tell very different stories here, so keep that in mind as you read through the statistics below.
7 Statistics on the Net Worth (Wealth) of Singapore
Here are the key statistics on household net worth in Singapore, based on the latest available data.
1) The average household net worth in Singapore is $1.755 million
The average resident household in Singapore had a net worth of $1,755,000 as at 2023.
| Amount | |
|---|---|
| Total assets | $1,909,000 |
| Total liabilities | $154,000 |
| Net worth (assets minus liabilities) | $1,755,000 |
This is a household-level figure, not a per-adult one. A typical Singapore resident household has around three members, so the number reflects the combined wealth of a family unit. Divided by the 2023 average household size of 3.11 persons, it works out to roughly $564,000 per household member.
It is also a mean, which means it is pulled upward by households with very high wealth. We break that down in statistic 4.
The headline figure is still a meaningful one. It reflects decades of CPF savings, widespread home ownership through HDB, and rising property values.
2) 56% of the average household’s wealth comes from property
So where does that $1.755 million actually come from? The data breaks total household assets into three components.
| Asset Type | Average Value | Share of Total Assets |
|---|---|---|
| Property | $1,121,000 | 59% |
| Net CPF balances | $387,000 | 20% |
| Other financial assets | $401,000 | 21% |
| Total assets | $1,909,000 | 100% |
Property is clearly the dominant asset, making up 59% of total household assets. Once you subtract outstanding mortgages, property equity accounts for 56% of total net worth. CPF balances and other financial assets each make up around 22% of net worth.
This pattern holds across all wealth levels in Singapore. Even among the bottom 20% of households, more than half of net worth sits in property equity. That is largely down to Singapore’s HDB home ownership programme, which has given the vast majority of resident households a meaningful property asset. It also reflects decades of rising home values, part of the wider story of how Singapore became so wealthy in the first place.
The CPF piece matters too. In countries like the UK and Germany, state pension entitlements are not counted as personal wealth. Your CPF balance belongs directly to you and is counted in full here, which makes Singapore’s $1.755 million figure more complete than similar figures elsewhere.
QUICK CHECK
Can you answer these three questions?
1) If something happened to you tomorrow, how much would your family receive?
2) At 65, what monthly income will your savings and investments pay you?
3) If you never get round to a will, who inherits what, and in what proportion?
Most people manage one at best. Not because they're careless, but because nobody has shown them which order to tackle things in.
That order exists. Work through your finances in this sequence, from income and protection through to investments and estate planning.
3) The average Singapore household owes $154,000 in liabilities
The flip side of the asset picture is what households owe. On average, resident households carried $154,000 in total debt as at 2023.
| Liability Type | Average Value |
|---|---|
| Mortgages | $146,000 |
| Other liabilities | $8,000 |
| Total liabilities | $154,000 |
Almost all of that is outstanding mortgage debt, which makes sense given that property is also the dominant asset. Other liabilities come to just $8,000 on average.
Debt represents 8% of total household assets. That is low, and suggests most Singapore households are not carrying more than they can handle.
4) The top 20% of households hold more wealth than the bottom 80% combined
The overall average of $1.755 million tells only part of the story. Here is how net worth breaks down across all households, as at 2023.
| Bottom 20% | 21st to 40th | Middle 20% | 61st to 80th | Top 20% | |
|---|---|---|---|---|---|
| Property asset value | $221,000 | $500,000 | $634,000 | $861,000 | $3,388,000 |
| Net CPF balances | $114,000 | $199,000 | $328,000 | $520,000 | $771,000 |
| Other financial assets | $29,000 | $68,000 | $142,000 | $330,000 | $1,435,000 |
| Total assets (A) | $365,000 | $768,000 | $1,105,000 | $1,711,000 | $5,595,000 |
| Mortgages | $64,000 | $97,000 | $105,000 | $146,000 | $317,000 |
| Other liabilities | $8,000 | $5,000 | $6,000 | $7,000 | $13,000 |
| Total liabilities (B) | $71,000 | $101,000 | $111,000 | $153,000 | $331,000 |
| Total wealth (A−B) | $293,000 | $666,000 | $994,000 | $1,558,000 | $5,264,000 |
The gap between top and bottom is wide. The top 20% of households averaged $5,264,000 in net worth, 18 times the $293,000 held by the bottom 20%. Put another way, the top 20% hold more wealth than the bottom 80% of households combined ($5,264,000 against a combined $3,511,000 in the four lower groups). That level of concentration is typical of most developed countries, and we put it in global context in statistic 7.
If your household falls somewhere in the middle, you are looking at a net worth of around $994,000. For most Singaporean households, that is largely the HDB flat and CPF savings. The median HDB resale price is around $628,000, which on its own accounts for a big chunk of that figure.
The number that stands out most, though, is what the bottom 20% holds. At $293,000, these households are not wealthy by any measure, but they are firmly in positive territory. The Ministry of Finance contrasts this with some other countries, where lower home-ownership rates and a larger share of households with low or negative home equity push measured wealth inequality higher.
HDB home ownership and CPF contributions together mean even lower-wealth households have something to their name.
5) The average adult in Singapore is worth about $682,000, but the median adult is worth about $125,000
You may have seen a very different net worth headline circulating: that the average Singaporean is worth around $682,000. Both numbers are correct. They just measure different things.
The UBS Global Wealth Report 2026, released in June 2026, estimates that the average adult in Singapore held US$527,217 in wealth in 2025, roughly $682,000 at the exchange rates used in the report. That ranks Singapore 6th out of the 56 markets tracked, behind only Switzerland, the US, Luxembourg, Hong Kong, and Australia.
The median adult, however, held about US$96,434 (roughly $125,000), ranking 20th globally. The average is pulled far above the median by a relatively small number of very wealthy individuals. UBS counts roughly 244,000 US-dollar millionaires in Singapore as of 2025.
So how does a $682,000 per-adult average square with the $1.755 million household average? Three differences do most of the work:
- Households contain more than one adult. A couple’s flat, CPF, and savings are combined in the MOF figure but split between two adults in the UBS figure.
- Different years. The government data reflects 2023, while the UBS estimate reflects 2025.
- Different methods. The MOF figure comes from an official household survey, while UBS applies a statistical model across countries and converts everything into US dollars, so exchange rate movements shift the numbers even when nothing changes on the ground. UBS also revised parts of its methodology this edition, so its year-on-year comparisons are not clean.
For benchmarking your own household, the government figures are the better yardstick. The UBS numbers are most useful for international comparisons, and for a yearly pulse between official surveys.
6) The average household’s net worth equals about nine years of household income
One way to make the headline figure tangible is to set it against income. SmartWealth’s analysis of the official wealth and income data puts the average household net worth of $1,755,000 (as at 2023) at roughly nine times the average annual household income, based on a mean monthly household income of $16,159 in 2025, or about $194,000 a year.
So the average Singapore household has accumulated the equivalent of around nine years of gross income, largely through property, CPF, and investments.
Two caveats. Both figures are means, so they are lifted by the wealthiest households. And the wealth figure predates the income figure by two years, during which property values have generally risen. Treat nine years as a rough gauge rather than a precise ratio.
The ratio is a reminder of how much of household wealth comes from what income becomes after it is saved and invested, rather than from income itself.
7) Singapore’s wealth Gini coefficient is 0.55
The Gini coefficient measures inequality on a scale of zero to one, where a higher number means greater inequality.
According to the MOF, Singapore’s wealth Gini is estimated at 0.55.
This is higher than Singapore’s income Gini of 0.379, which is normal globally. Wealth tends to be more unequally spread than income in every country, because it builds up over a lifetime and compounds.
By international standards, 0.55 sits at the lower end among developed countries. The Ministry of Finance places the UK, Japan, and Germany in the range of 0.6 to 0.7, though it notes that cross-country comparisons are not straightforward.
Part of the reason is how pensions are treated. CPF balances count as household wealth here, whereas state pension entitlements in Germany and the UK are usually left out of theirs.
What Is a Good Net Worth in Singapore?
There is no official definition of a good net worth, but the quintile averages in statistic 4 give you honest reference points. As at 2023, the middle 20% of households averaged $994,000, the 61st to 80th group averaged $1,558,000, and the top 20% averaged $5,264,000.
So if your household net worth is around $994,000, you are near the middle of Singapore households. Above roughly $1.5 million, you are likely in the upper 40%.
One caution: these are averages within each group, not entry thresholds. The government does not publish the exact cut-off needed to enter each wealth group. Because wealth within a group is itself skewed towards the top, the threshold to enter a group sits below that group’s average, especially for the top 20%. So you do not need $5.264 million to be in the top 20% of households, though we cannot say precisely what you do need.
Your age matters here too.
Net Worth by Age in Singapore
Singapore does not publish official net worth statistics by age. The MOF paper and the Household Expenditure Survey report wealth by quintile, not by the age of the household head, and the UBS report does not break down its Singapore figures by age either.
That gap is worth stating plainly, because plenty of numbers circulate online claiming to show the average net worth at 30, 40, or 50 in Singapore. They are estimates or adaptations of overseas data, not official figures.
What we do know is directional. CPF balances build steadily with age through mandatory contributions and interest, and property equity grows over the life of a mortgage. A household in its 30s sitting well below the $1.755 million average is not behind in any meaningful sense. That average is dominated by older households that have had decades for compound growth to work.
A more useful personal check is direction rather than position. Is your net worth higher than it was a year ago, and is the gap between your assets and liabilities widening? You can track your own figure with our calculator.
How Do You Grow Your Net Worth?
The principle is simple, even if the execution takes discipline: earn more, spend less, and invest the difference. Four areas do most of the work.
Grow your income. Your earning power is the foundation of your net worth. Upskilling, taking on additional work, or building a side income all increase what comes in, which gives you more to save and invest.
Keep debt low. The average Singapore household carries fairly modest debt at 8% of total assets. Avoiding high-interest consumer debt in particular protects what you are building.
Maximise your CPF. For most Singaporeans, CPF is already one of the largest components of household wealth. Voluntary top-ups, especially to the Retirement Account, earn interest at almost guaranteed rates.
Invest beyond CPF. Other financial assets make up 21% of the average household’s total assets, and this is where the top 20% pull away most sharply, holding $1,435,000 against the middle group’s $142,000. Regular investing in stocks, bonds, or other assets is how higher-wealth households have compounded ahead.
Protect what you have built. Net worth can be wiped out quickly by an unexpected illness, disability, or death in the family. Adequate life insurance and critical illness coverage mean a single event does not undo years of saving for you and your loved ones.
The statistics here give you a benchmark. Your own number will depend on your income, spending habits, CPF strategy, and how well you protect what you have built.
BEFORE YOU GO
Articles can tell you what generally makes sense. They can't see your policies, your CPF, or your plans.
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