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Average Salary in Singapore 2024

How much money does a person working in Singapore make?


Average Monthly Salary
8,480 SGD
( 102,000 SGD yearly)

LOW
2,140
SGD
AVERAGE
8,480
SGD
HIGH
37,700
SGD
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Singapore typically earns around 8,480 SGD. Salaries range from 2,140 SGD (lowest average) to 37,700 SGD (highest average, actual maximum salary is higher).


Salary Variance

This is the average salary including housing, transport, and other benefits. Salaries in Singapore vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.



Pay Scale and Salaries in Singapore

Median and salary distribution Singapore monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
16,700 SGD or more
10% of people earn
13,100 to 16,700 SGD
20% of people earn
5,080 SGD or less
65% of people earn
5,080 to 13,100 SGD
Minimum Salary
2,140 SGD
Median
7,680 SGD
Maximum
37,700 SGD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Singapore range from 2,140 SGD (starting salary) to 37,700 SGD (maximum average salary, actual maximum is higher). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.

  • Median Salary

    The median salary is 7,680 SGD, which means that 50% of the population in Singapore earns less than that while the other half earns more. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles and Salary Scale

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population in Singapore earn less than 5,540 SGD while 75% of them earn more. Also from the diagram, 75% of the population earn less than 11,600 SGD while 25% earn more than that.

  • Pay Scale Structure

    We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights into how salaries are actually distributed in Singapore. Around 65% of all reported figures are in the range 5,080 SGD to 13,100 SGD. Approximately 20% fall under the 5,080 SGD cap. Ten percent of wages are from 13,100 SGD to 16,700 SGD. Only 5% of people grossed 16,700 SGD or more.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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Salary is primarily determined by the level of experience one possesses, with higher levels of experience resulting in higher wages.

In Singapore, employees with two to five years of experience typically earn an average of 32% more than entry-level and junior workers in all industries and fields.

Individuals with more than five years of experience tend to earn an average of 36% more than those with less than five years of experience.

After ten years of work, salaries increase by 21%, with an additional 14% increase for those who have worked for over 15 years.

These figures should be used as rough estimates, as considering individual job titles can lead to more accurate assessments.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

The correlation between higher education and higher salary is widely acknowledged, but how much of an income increase can one expect from obtaining a degree?

We conducted a study in Singapore comparing the salaries of professionals with different levels of college degrees who held similar positions in various industries.

Our results showed that individuals with a certificate or diploma earned an average of 17% more than those who only completed high school.

Those who obtained a Bachelor's Degree earned 24% more than their counterparts with a certificate or diploma.

Professionals with a Master's Degree earned 29% more than those with a Bachelor's Degree.

Finally, those who held a PhD earned an average of 23% more than those with a Master's Degree while performing the same job.


Is investing in a Master's degree or an MBA worth it? Is pursuing higher education worth the investment?

Earning a Master's degree or any post-graduate qualification in Singapore is a substantial financial commitment, with tuition fees ranging from 42,400 SGD to 127,000 SGD and a duration of around two years. It's important to note that during this period, any salary increases are unlikely, assuming ongoing employment. Salary reviews are typically conducted after completing the program and obtaining the degree.

Many individuals pursue advanced education as a means of transitioning to higher-paying positions, and the statistics indicate that this is an effective strategy. On average, individuals who change jobs after earning a higher degree receive a salary increase of about 10% more than the typical annual raise.

Ultimately, deciding whether or not to pursue advanced education depends on a variety of factors, including the personal situation and experience. However, if one can afford the financial costs of obtaining a higher degree, the return on investment is likely to be worthwhile, with the ability to recoup the costs in approximately a year.



Salary and Compensation Comparison By Gender / Singapore

Salary comparison by gender Singapore monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In Singapore, the average difference between the salary of male and female employees is 5% across all career fields.

Male
8,710 SGD
Female-5%
8,300 SGD
Percentage increase and decrease are relative to the previous value


Average Annual Salary Increment Percentage in Singapore

How much are annual salary increments in Singapore? How often do employees get salary raises?

Singapore

Employees in Singapore are likely to observe a salary increase of approximately 9% every 15 months.

Annual Salary Increment Rate Singapore
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Singapore is 7%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates in Singapore

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Singapore
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44% of surveyed staff in Singapore reported that they haven't received any bonuses or incentives in the previous year while 56% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
56%
No Bonus
44%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


Bonus Rates Comparison by Career Field

Finance
High
Architecture
High
Sales
High
Business Development
High
Marketing / Advertising
High
Information Technology
Moderate
Healthcare
Moderate
Insurance
Moderate
Customer Service
Moderate
Human Resources
Moderate
Construction
Low
Transport
Low
Hospitality
Low

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Salaries for popular jobs. Salaries by occupations.

Job TitleAverage Salary
Accounting and Finance
Accountant5,300 SGD
Accounting Assistant4,130 SGD
Accounting Manager12,600 SGD
Bookkeeper3,640 SGD
Chartered Accountant6,880 SGD
Corporate Treasurer11,200 SGD
Financial Analyst10,200 SGD
Financial Manager16,200 SGD
Internal Auditor7,470 SGD

Administration / Reception / Secretarial
Administrative Assistant4,200 SGD
Office Manager7,290 SGD
Receptionist3,980 SGD
Secretary3,710 SGD

Advertising / Graphic Design / Events
Art Director7,790 SGD
Creative Director7,570 SGD
Graphic Designer5,220 SGD
Photographer4,560 SGD

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer10,200 SGD
Air Traffic Controller8,760 SGD
Flight Attendant5,250 SGD
Pilot14,200 SGD

Architecture
Architect9,670 SGD
CAD Drafter4,050 SGD

Automotive
Mechanic3,050 SGD
Service Advisor5,560 SGD

Banking
Bank Branch Manager13,900 SGD
Teller3,140 SGD

Bilingual
Teacher5,850 SGD
Translator6,880 SGD

Business Planning
Business Analyst10,200 SGD
Business Development Manager12,000 SGD
Project Manager10,100 SGD

Care Giving and Child Care
Nanny3,200 SGD
Nursery Teacher3,130 SGD

Construction / Building / Installation
Civil Engineer7,320 SGD
Construction Project Manager13,100 SGD
Health and Safety Officer3,570 SGD

Customer Service and Call Center
Call Center Representative3,010 SGD
Customer Service Manager10,400 SGD
Customer Service Representative2,890 SGD

Engineering
Civil Engineer7,520 SGD
Electrical Engineer7,920 SGD
Engineer7,560 SGD
Mechanical Engineer7,920 SGD

Executive and Management
Chief Executive Officer18,300 SGD
Chief Financial Officer17,000 SGD
General Manager13,500 SGD
Project Manager9,430 SGD

Food / Hospitality / Tourism / Catering
Chef4,940 SGD
Executive Chef5,670 SGD
Hotel Manager14,900 SGD
Receptionist2,880 SGD
Travel Agent4,980 SGD
Waiter / Waitress2,480 SGD

Health and Medical
Dentist18,200 SGD
Dietitian15,300 SGD
Laboratory Technician6,290 SGD
Nurse6,190 SGD

Human Resources
Human Resources Manager12,600 SGD
Human Resources Officer4,950 SGD

Information Technology
Computer Technician5,830 SGD
Database Administrator7,900 SGD
Developer / Programmer7,950 SGD
Information Technology Manager13,500 SGD
Network Engineer6,700 SGD

Law Enforcement / Security / Fire
Police Officer4,970 SGD

Legal
Attorney15,600 SGD
Legal Assistant4,180 SGD

Media / Broadcasting / Arts / Entertainment
Journalist8,600 SGD

Pharmaceutical and Biotechnology
Biomedical Engineer6,960 SGD
Pharmacist9,990 SGD

Sales Retail and Wholesale
Cashier2,930 SGD
Sales Manager13,200 SGD
Sales Representative4,950 SGD

Teaching / Education
Elementary School Teacher5,520 SGD
Secondary School Teacher6,370 SGD

Average Hourly Wage in Singapore


49 SGD per hour

The average hourly wage (pay per hour) for all employees in Singapore is 49 SGD.This is the rate that the average individual gets paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for a person in Singapore is 12 SGD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Singapore is 5% on average across all career fields.

Private Sector
8,300 SGD
Public Sector+5%
8,700 SGD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Singapore?

It is extremely difficult to give an exact figure of a good salary when no specific job is selected, however; an estimate can be provided based purely on the cost of living. A good compensation in Singapore would range anywhere between 7,680 SGD and 11,600 SGD.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary in Singapore ranges from 2,140 SGD to 5,540 SGD. The base salary depends on many factors including profession, experience, and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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