Use this Singapore income percentile calculator to find out exactly where your salary ranks among all resident income earners. Singapore stands out globally for two headline features: among the lowest income tax rates of any high-income economy — the first S$20,000 is taxed at 0%, and the top marginal rate of 24% kicks in only above S$1 million — and one of the world’s most comprehensive mandatory savings systems in the Central Provident Fund (CPF). Together, these make Singapore’s income picture more complex than a simple salary figure suggests: what you earn on paper, what you take home in cash, and the total value flowing into your CPF accounts all tell different stories.
The median gross monthly income for full-time employed residents (Singapore Citizens and Permanent Residents) was S$5,775/month in mid-2025 (Ministry of Manpower), or approximately S$69,300/year including employer CPF. Excluding employer CPF, the all-earner median is estimated at around S$55,000–$58,000 per year. Finance and technology sectors in Singapore concentrate high earners that pull the mean above the median — mirroring patterns seen in other major financial centres like Hong Kong and London. Enter your annual gross income below (before CPF and income tax) to see your percentile ranking.
For a detailed breakdown of salary by age, industry, and take-home pay, see our average salary in Singapore guide.
How This Calculator Works
This calculator compares your gross individual annual income against income percentile thresholds derived from Ministry of Manpower (MOM) Gross Monthly Income data for mid-2025, covering employed residents (Singapore Citizens and Permanent Residents). Enter your annual gross income before employee CPF deductions and income tax — the figure on your employment contract before any deductions.
A few important notes on the underlying data:
- The thresholds cover all resident income earners, including part-time workers, self-employed persons, and those with variable incomes — not just full-time PAYE employees. This is why the 50th percentile (~S$58,000) is somewhat lower than the full-time employee median of ~S$69,300.
- Percentiles are based on individual income, not household income. Singapore’s dual-earner household structure means household income is typically much higher than the individual figures shown here.
- Income is measured pre-tax and pre-CPF-deduction (gross) — the figure before your 20% employee CPF contribution and income tax are removed.
- MOM’s data covers residents only — it excludes the approximately 1.4 million foreign workers (Employment Pass, S Pass, and Work Permit holders) who are not CPF members and whose incomes skew the all-workforce average.
Singapore Income Percentile Table
Here is the full distribution for Singapore individual resident income, with key thresholds highlighted:
| Percentile | Annual Income | Notes |
|---|---|---|
| 10th | ~S$18,000 | Part-time, students, NSmen in transition |
| 20th | ~S$31,000 | Early career, lower-wage sectors |
| 25th | ~S$36,000 | First quartile |
| 30th | ~S$43,000 | Below median |
| 50th | ~S$58,000 | Estimated median, all resident earners |
| 60th | ~S$69,000 | Approaching full-time employed median |
| 66th | ~S$80,000 | Chargeable income above S$80K: 11.5% bracket |
| 70th | ~S$88,000 | Top 30% |
| 75th | ~S$103,000 | Third quartile |
| 80th | ~S$126,000 | Top 20% |
| 90th | ~S$215,000 | Top 10% |
| 95th | ~S$300,000 | Top 5% |
| 99th | ~S$450,000 | Top 1% of Singapore resident earners |
Source: MOM Summary Table: Income, mid-2025 (released 27 Feb 2026); CPF Board data; Wealthvieu estimates for all-earner distribution.
The spread from the estimated median (S$58,000) to the top 1% (S$450,000) is striking — top earners earn approximately eight times the median. Singapore’s top-end concentration is driven by the financial services industry (asset management, private banking, investment banking) and technology multinationals (Google, Meta, ByteDance, Grab, Sea Limited) clustered in the central business district and one-north.
What Is the Median Income in Singapore?
The median gross monthly income from employment for full-time employed residents was S$5,775/month in mid-2025, or approximately S$69,300/year including employer CPF contributions (Ministry of Manpower, released 27 February 2026). Excluding the employer’s 17% CPF contribution, this equals approximately S$4,936/month or S$59,232/year — closer to the salary figure on most employment contracts.
It is important to understand who “residents” means in Singapore’s labour statistics:
- Residents = Singapore Citizens + Permanent Residents only. Foreign workers on Employment Passes, S Passes, and Work Permits are excluded from MOM’s income surveys for residents.
- The resident full-time employed median (S$5,775/month) is higher than the all-earner estimate (including part-time and variable-hours workers) of approximately S$4,600–$4,800/month.
- Singapore’s National Service (NS) requirement for male citizens means some men aged 18–21 report lower income or no income during their full-time NS period, pulling the lower end of the distribution down.
For all resident income earners (including part-time and self-employed), this calculator estimates the median at approximately S$55,000–$58,000 per year — the threshold where roughly half of all Singapore resident earners fall above and half below.
Average Salary in Singapore
The mean (average) gross monthly income (excluding bonus, including employer CPF) for employed residents was S$6,442/month in mid-2025 — approximately S$77,304/year (MOM).
| Measure | Monthly | Annual |
|---|---|---|
| Median GMI (full-time employed residents, incl. employer CPF) | S$5,775 | ~S$69,300 |
| Median GMI (excl. employer CPF) | ~S$4,936 | ~S$59,232 |
| Mean GMI (excl. bonus, incl. employer CPF) | S$6,442 | ~S$77,304 |
| Estimated median, all resident earners | ~S$4,600 | ~S$55,000–58,000 |
Source: MOM Summary Table: Income, mid-2025.
The gap between median (S$5,775) and mean (S$6,442) reflects the concentration of very high salaries in finance and technology sectors. Asset managers, private bankers, and senior technology professionals regularly earn S$200,000–S$500,000+/year, significantly pulling the mean above the typical worker’s experience. For more detail on how mean and median differ by sector and age, see our average salary in Singapore guide.
Income by Age in Singapore
Earnings in Singapore follow a steep growth trajectory through the late 20s and 30s as workers build specialist expertise, peaking in the 35–54 range before gradually declining as some workers move to re-employment contracts or reduce hours.
| Age | Estimated Median Annual Income (SGD) | Notes |
|---|---|---|
| 20–24 | ~S$28,000 | NS impact on males; graduate entry level |
| 25–29 | ~S$52,000 | Post-university, early career |
| 30–34 | ~S$74,000 | Career acceleration |
| 35–44 | ~S$88,000 | Peak earning years for most sectors |
| 45–54 | ~S$90,000 | Sustained peak; senior roles |
| 55–64 | ~S$72,000 | Re-employment Act applies from 63; some winding down |
| 65+ | ~S$32,000 | CPF LIFE payouts + part-time/self-employed |
Source: MOM Labour Force in Singapore 2025; Wealthvieu estimates.
A 28-year-old earning S$60,000 is slightly above the estimated median for their age group and around the 52nd percentile nationally — a solid position for someone early in their career. A 45-year-old at the same income would be well below the median for their cohort. Age context matters significantly when interpreting your percentile.
Income by Sector in Singapore
The variation in earnings across sectors in Singapore is among the widest in Asia-Pacific, reflecting the two-speed economy between high-value financial and technology services and domestically oriented sectors.
| Sector | Estimated Median Annual Salary (SGD) |
|---|---|
| Finance & Insurance | ~S$95,000 |
| Information & Communications | ~S$90,000 |
| Professional Services | ~S$78,000 |
| Public Administration | ~S$75,000 |
| Health & Social Services | ~S$68,000 |
| Manufacturing | ~S$55,000 |
| Construction | ~S$46,000 |
| Retail Trade | ~S$38,000 |
| Accommodation & Food Services | ~S$32,000 |
Source: MOM Labour Force in Singapore 2025; Wealthvieu estimates. Progressive Wage Model applies to cleaning, security, and other lower-wage sectors.
Finance and ICT dominate Singapore’s high-income landscape. Singapore’s role as Asia’s premier private wealth management hub — with over S$5 trillion in assets under management — concentrates exceptionally high-earning professionals in the Marina Bay financial district. The ICT premium reflects demand for software engineers, data scientists, and cybersecurity specialists across both multinationals and Singapore’s thriving home-grown tech sector (Grab, Sea Limited, Lazada).
Singapore Income Tax: How Much Do You Take Home?
Singapore’s income tax system is genuinely low by global standards. The progressive IRAS rates (YA 2024 onwards) run from 0% on the first S$20,000 to 24% only above S$1 million in chargeable income. The key deduction that most employees use is CPF Relief — your employee CPF contributions (20% of salary, up to the monthly ceiling) are fully deductible from chargeable income.
Worked example: S$60,000 annual salary (employee under 55)
| Step | Calculation | Amount |
|---|---|---|
| Gross annual salary | — | S$60,000 |
| Less: Employee CPF (20%) | S$60,000 × 20% | –S$12,000 |
| Less: Earned income relief (estimated) | Standard relief | –S$1,000 |
| Chargeable income | — | ~S$47,000 |
| Income tax payable | 0% × $20K + 2% × $10K + 3.5% × $10K + 7% × $7K | S$1,040 |
| Effective tax rate on gross salary | S$1,040 ÷ S$60,000 | ~1.7% |
| Cash take-home (after CPF + tax) | S$60,000 – S$12,000 – S$1,040 | ~S$46,960/year = S$3,913/month |
| Employer CPF contribution (17%) | S$60,000 × 17% | +S$10,200 to your CPF |
| Total CPF building retirement wealth | Employee + employer | S$22,200/year |
Source: IRAS Individual Income Tax rates (YA 2024 onwards).
The picture becomes clearer when you account for CPF: while your cash take-home on S$60,000 is approximately S$3,913/month, your employer is simultaneously depositing S$850/month into your CPF Ordinary, Special, and MediSave accounts on your behalf. That CPF — yours plus your employer’s — is building your housing deposit, retirement savings, and healthcare fund simultaneously. Singapore’s effective “tax+CPF” burden on a S$60,000 salary is approximately 21.7%, but unlike income tax, most of the CPF comes back to you in the form of retirement income, housing equity, and healthcare coverage.
For a full breakdown of CPF balances by age and how to benchmark your retirement savings, see our average CPF balance by age guide.
How Does Singapore Salary Compare Internationally?
At the median of approximately S$58,000/year (~US$43,000 at current exchange rates), Singapore resident earnings appear modest by US or UK standards. However, the comparison looks very different once you account for taxes:
| Country | Median Income | Income Tax at Median | CPF/Pension | Take-Home |
|---|---|---|---|---|
| Singapore | ~S$58,000 (~US$43K) | ~1–2% | 20% to CPF (yours) | ~78% cash |
| United States | ~US$59,000 | ~12–15% (federal + state) | 6.2% Social Security | ~79–82% |
| United Kingdom | ~£35,000 (~US$44K) | ~20–25% (income tax + NI) | None mandatory | ~75–77% |
| Australia | ~A$65,000 (~US$43K) | ~20–22% (income tax + Medicare) | 0% (employer super) | ~78–80% |
Singapore’s 0–2% effective income tax at median income is among the lowest in the OECD. The CPF contribution (20% employee + 17% employer) is not lost — it builds housing equity, retirement savings, and healthcare access. For top earners, Singapore’s 24% maximum rate compares extremely favourably to the US’s 37% federal marginal rate or the UK’s 45% additional rate.
The important caveat is cost of living. Housing in Singapore is expensive by Asian standards — resale HDB flat prices in mature estates average S$600,000–S$900,000+, while private condominiums regularly exceed S$1.5–2 million. Car ownership carries a Certificate of Entitlement (COE) cost that has exceeded S$100,000 per vehicle in recent years. Childcare for one child runs S$1,200–S$2,000/month before government subsidies. These costs mean the purchasing power of a S$70,000 Singapore salary is more modest than it appears on paper.
How to Increase Your Income in Singapore
Singapore offers several government-backed pathways to career advancement and income growth:
- SkillsFuture Credits: All Singapore Citizens aged 25 and above receive S$500 in SkillsFuture Credits (top-up in 2023 to S$4,000 for those aged 40–60) to fund approved skills training courses. These cover everything from data analytics to culinary arts.
- IBF Certification Grants: For those working in financial services, the Institute of Banking and Finance offers structured certification programmes with subsidised fees of up to 70% for eligible courses. IBF-certified professionals command a meaningful salary premium.
- SkillsFuture Career Transition Programme: Subsidised full-time career conversion courses of 3–12 months, targeted at mid-career Singaporeans looking to move into growth sectors.
- Re-employment obligations: Employers must offer re-employment to eligible employees who turn 63 (the current retirement age) up to age 68, under the Retirement and Re-employment Act. Salary may be adjusted for re-employment roles.
- Union membership: The National Trades Union Congress (NTUC) offers members access to job matching, upskilling, and salary negotiation support across all sectors.
Annual salary increments in Singapore typically run 3–5% for average performers in buoyant years (MOM data shows nominal wage changes of +5.6% in 2024). The bonus quantum averaged approximately 1.83 months of basic salary for 2024 (MOM) — a significant component of total annual compensation that should factor into any salary comparison.
Methodology and Sources
The income percentile thresholds in this calculator are anchored to the Ministry of Manpower’s Gross Monthly Income data for mid-2025 (released 27 February 2026), covering employed Singapore residents. The full-time employed resident median of S$5,775/month (incl. employer CPF) corresponds to approximately S$4,936/month excluding employer CPF. The all-earner distribution has been estimated using MOM Labour Force Survey participation data and CPF Board member statistics to construct a continuous percentile curve across all resident income earners, including part-time, self-employed, and low-income individuals not fully captured in the full-time employment survey.
Figures are updated annually as MOM and CPF Board release new data. This calculator should be used for general orientation only and not for financial, tax, or legal decisions.
Compare Income Percentiles by Country
Wealthvieu covers income percentile calculators for every major English-speaking country. See how salaries compare globally:
- United States Income Percentile Calculator
- UK Income Percentile Calculator
- Australia Income Percentile Calculator
- Ireland Income Percentile Calculator
- New Zealand Income Percentile Calculator
Sources
- Ministry of Manpower Singapore — Summary Table: Income (released 27 Feb 2026)
- IRAS — Individual Income Tax rates (YA 2024 onwards)
- CPF Board — CPF Statistics
The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy