Compare Your Household Income 2018

6

 
For households living in HDB 5-room and executive flats, the average monthly household income is $12,554. For condo households, the figure is $20,491. For landed households, it is $26,701.

This is according to the household income data released earlier this month by the Department of Statistics (Singstat).

To see more of such posts, please Like our Facebook page:

The median monthly household income is now $9,023. This means that if you and your spouse make a combined income of more than $9,023, your family is better off than half the households here.

However, the average monthly household income is $12,027. This means that if your family’s income is exactly $12k, you are actually considered below average. If you are not sure why the average is higher, you need to know about the difference between average and median. Briefly, the average can be skewed (a lot) by high earning families.

Those at the upper echelons make much more. The families in the top 10% (“top decile”) make an average of $31,806, which is disproportionately high. This figure is 62% more than what the next decile makes, and the figures for the remaining deciles* go down linearly:

Household Income 2018

To benchmark your household income against all employed households in Singapore, enter your monthly household income (including employer’s CPF contributions):

See last year’s version of our comparison tool and see how far your family has progressed.

* The deciles are created based on ranking of all resident employed households by their monthly household income from work per household member (including employer CPF contributions). This possibly explains why the overall median is $9,023 but the average of the 41st-50th decile is surprisingly higher at $9,331.
 

Share.

About Author

6 Comments

  1. As usual, I think it would be good for you to clearly define MONTHLY HH income as the TOTAL annual income (including employer CPF) divided by 12…. helps a lot in educating the folks…

  2. Despite an increase in the national median income to $74,492, affordability still edged down as both home prices and interest rates increased. NAR estimates a family would need an income of $55,585 to purchase a home at the national median price with a 5 percent down payment. An income of $46,808 would be needed with 20 percent down. All but one of the five most expensive housing markets were in California; San Jose with a median price of $ $1,270,000; the San Francisco Bay area at $920,000; Anaheim-Santa Ana, $785,000; urban Honolulu, $760,600; and San Diego, $610,000.

  3. Entretenimento on

    Jajajajaja que honestos que son cuando son oposición, decile al hijo del turno que traiga la guita de las regalías petroleras de la época de menem impresentable o te olvidastes de eso, aparte renuncio

  4. Jajajajaja que honestos que son cuando son oposición, decile al hijo del turno que traiga la guita de las regalías petroleras de la época de menem impresentable o te olvidastes de eso, aparte renuncio

  5. I was looking for seven pieces of Cloth in Elodea, but two pieces of remainder is not till hell freezes over found.
    In my PC, it does not earmarks of to appear.
    I commonplace cours bitcoin an ardour to clinch it.
    Then it was forthcoming here, but is not found. (cf. photograph)

Leave A Reply