Our very popular income comparison calculator has been updated with the latest data from Ministry of Manpower’s Report on Labour Force in Singapore 2010 (released in 2011).
This simple tool lets you compare your gross monthly income against other Singapore residents in your age group and gender group. You may also compare with all age groups and/or both gender groups.
As defined in the MOM report, gross monthly income includes “wages or salaries, allowances, overtime, commission, tips and bonuses” and also the employee’s CPF contribution (but not employer’s).
Without further ado, simply divide your total gross annual income (including bonus) by 12 and enter the result below to start comparing:
Compare your percentile ranking with the 2010 version of this tool. If your income remained the same, you would most likely be worse off, because everyone else’s income has generally gone up:
“The median monthly income from work of residents in full-time employment rose by 4.2% over the year to $2,710 in 2010, faster than the marginal growth of 0.5% in 2009. Even after adjusting for the higher inflation in 2010, the median income rose by 1.3%, recovering from a slight dip of 0.1% in 2009.” (Report on Labour Force in Singapore 2010)
Reference: Statistical Table 41, Report on Labour Force in Singapore 2010, Ministry of Manpower (link).