We have previously written about the average income/salary in Singapore, breaking it down by age, sex, education, occupation, and industry.
In light of inflation and a rising cost of living putting pressure on both single and dual-income households in recent months, we shall likewise explore what household income is, its significance, as well as the average and median household income in Singapore.
Moreover, with income arguably the most vital element in financial planning, permitting you to spend and save for the future, we investigate income trends over the years and the income distribution in Singapore.
So, if you wish to compare your household income with others, you should read on!
(All figures are quoted in Singapore dollars unless otherwise stated; an exchange rate of US$1 to S$1.35 was used for any conversions.)