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:
13 Comments
Not sure if they considered the difference in education level in this survey. Blue collar worker and managers, for example, would have different expectation of pay.
There should be two sets of data – executives & non-executives.
Engineers in MNC are paid more than Managers in local companies. Anyway, I normally ignore comparison with the top 10% as they are the income non-limiting professions, such as traders and brokers.
Hi, I think this graph is really great!!Appreciate the effort there!
Would it be possible if we can have a 2008 version of this? Given the recent salary hikes, would be good if we can have an up-to-date comparison. Hope you’re acceed to the request. Many thanks again for your time!
Not too sure how accurate this benchmark is but most of the people i know or worked with are already way up in the top 5% income earners going by this survey. Somehow i feel that in reality the income level should be higher. If not, how can there be so many people buying up all the private properties despite current price levels??
useful tool. thanks.
hi,
im 28 tis year, in media advertising as media director, earning $8,000 / month BASIC.
so in what projectile am i , admin? thks for replying.. 🙂