Buying a property in Singapore is a costly affair.

It could also be one of the biggest financial undertakings you could take on in your life.

Residential property prices have increased significantly over the years. This can be seen with million-dollar HDB resale flats becoming more common. Even the median price of a 5-room HDB resale flat is at $736,000 now.

But the purchase price of the property is just one half of the equation. There are other costs associated with purchasing and owning a home in Singapore, and that will be the topic for today.

So, read on!

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Housing is a very important component to a Singaporean, as it’s likely to be one of the biggest wealth-generating assets, amongst other asset-building alternatives.

Statistics concerning households are indispensable when it comes to understanding the way people in Singapore live. Most young Singaporeans live with their parents well into adulthood or until marriage, which makes it particularly easy to draw accurate conclusions from household data.

This significance of housing could also explain why the government collects such extensive data on households. In this article, we go over some notable statistics about households and housing in Singapore. If you want to know the average household income in Singapore, click here instead.

Note: All figures are in Singapore dollars (SGD).

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Singapore’s education system is taken very seriously, and for good reason. The island nation suffers from a lack of natural resources and thus relies heavily on human capital, seen as one of the keys to its strong economy and high Gross Domestic Product (GDP).

Education in Singapore can be expensive, but it is considered necessary, much like the saving up and investing required to afford it.

While Singapore citizens pay heavily subsidised prices, the costs are significantly higher for foreign and international students.

Let’s look at the notable statistics on the cost of education in Singapore.

Note: All figures are in Singapore dollars (SGD).

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Home is where the heart is, but cost is still a major consideration when purchasing one in Singapore.

Singaporeans have two main types of housing to choose from — public housing, most commonly referred to as Housing Development Board (HDB) flats, and private property. Most condos and landed houses are forms of private property.

77.2% of Singapore residents live in HDB flats, 17.9% live in condos, and 4.7% live in landed properties.

As the cost of living continues to soar on the back of inflationary pressure, property prices are on the rise, too, and this also means that properties are one of the most sought-after ways to build wealth.

In 2025, 1,594 HDB flats were resold for over $1 million, and it’s likely to be on an uptrend. When it comes to private housing, only the cheapest condos are priced at under $1 million.

Let’s have a look at how much it costs to purchase a home in Singapore.

Note: All figures are in Singapore dollars (SGD).

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The salaries of Singapore’s political office holders are known to be high – much higher than the median income of Singaporeans, which stands at $5,775 per month.

A salary framework review was slated to be conducted in late 2023, but was deferred as the government was dealing with other pressing issues, such as an unresolved geopolitical situation and uncertainties in the global economy. However, on 12 January 2026, the government announced it has finally convened an independent committee, chaired by Mr Gan Seow Kee, to carry out this review.

In the latest review in 2017, an independent committee concluded that the framework was still relevant and sound, and recommended increasing annual salaries to match benchmark movements. However, the government decided not to make any changes at that time. As a result, the current salary structure has remained unchanged since 2012.

Will we see a salary adjustment this time? The committee will submit its report to the government when ready, but for now, let’s look at the current salaries of Singapore’s president, prime minister, ministers, and members of parliament.

Note: All figures are in Singapore dollars (SGD).

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In Singapore, HDB flats are public housing. They are meant to be affordable and for the masses since 77.2% of Singapore residents live in HDB (Housing & Development Board) flats.

The average cost of housing has been increasing (and thus is one of the good asset classes that generate wealth). Are properties as affordable now as they were intended to be?

The first ever transaction of an HDB flat being sold for at least $1 million was in 2012. Since then, records have been continuously broken.

In this report, we look at trends and statistics on million-dollar HDB resale flats in Singapore, including how many were transacted in 2025 and over the past years, locations of these homes, the types of flats (4-room, 5-room, etc) sold, and more.

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We have previously written about the average income/salary in Singapore, breaking it down by age, sex, education, occupation, and industry.

This time we are looking at the household as a whole. With inflation and the cost of living squeezing both single and dual-income households, the household figure is usually the one that tells you where you actually stand.

Income is the foundation of most financial plans, and protecting it matters just as much as growing it. So below, we cover the latest median and average figures, how income has moved over the years, and how it is spread across households.

If you want to see where your household sits, read on.

All figures are in Singapore dollars unless otherwise specified. An exchange rate of US$1 to S$1.30 (as of early 2026) was used for conversions.

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Savings accounts have been the conventional route for many Singaporeans to store hard-earned money. You may also have tried to use a high-yield savings account to earn eligible bonus interest rates.

With rising inflation, you may realise that such accounts are unable to help you achieve your saving or investment goals.

This is when cash management accounts or cash management solutions come in handy.

Read on to find out more about them!

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The cost of living in Singapore has been rising.

In 2025, the headline (overall) inflation rate was 0.9%, and the GST has climbed from 7.0% to 9.0% in recent years.

While Singaporeans do enjoy higher-than-average incomes and generally have higher net worths compared to others, income (and wealth) inequality is still prevalent.

So whatever your financial standing, knowing how to manage your personal finances with the right tools matters more than it used to. But do you know how?

We set out to understand the financial literacy of Singaporeans and whether it has a positive impact on their financial standing.

We surveyed 1,183 adults aged 18 and above in Singapore. Here’s what we found, along with the latest national and regional statistics.

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A higher income makes it easier to build and hold on to wealth, provided you have the right tools and a plan behind it.

For its size, Singapore holds a lot of wealth, with 244,000 US-dollar millionaires as of 2025. Average wealth per adult is over US$500,000, though the median adult holds far less.

But what about the average person on the street? What does a typical full-time worker here actually earn, and how does your salary compare?

We went through the latest official data to find the median income in Singapore, broken down by age, sex, education, occupation, and industry.

If you’re looking for household income instead, we’ve covered average household income in Singapore separately.

All figures are in Singapore dollars unless specified otherwise. An exchange rate of US$1 to S$1.30 was applied for conversions.

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