As reported in the news, median monthly household income from work has increased by 11% from S$6,342 in 2010 to S$7,037 in 2011. This is based on recent Household Income data released by the Department of Statistics.
What’s not reported in the news is that the average household income in 2011 is $9,618. Simple mathematical reasoning tells us that this number is skewed upwards by the higher earning households.
Do you also know that the average household living in 5-room and executive HDB flats makes $10,160 a month? And that those living in condos and private apartments earn an average income of $18,060 a month? Landed property dwellers make the most – at $24,039 per month on average.
As always, Salary.sg has updated our benchmarking tool to use the latest data points (T13). Simply enter your monthly household income (including employer’s CPF contributions) to see how well your family is doing:
Compare your current ranking with last year’s.