Comparing your income with all tax payers may not be ideal. Wouldn’t it be nice if you can benchmark your monthly salary against people in your age group? Aha, here’s the tool to do it:
Again, I took some data from MOM, this time from Report on Labour Force in Singapore 2006 which was released in January 2007.
What’s good about the aforementioned MOM report is that is that wage data is available in 2 dimensions – age group and wage level. What’s not so good is perhaps the wage data is compiled by a survey – the type which requires respondents to answer questionnaires (as opposed to just getting data from highly trusted sources like CPF and IRAS).
Here’s the graph of gross monthly income against percentile for each age group: