Our extremely popular income comparison tool has been updated with the latest data from Ministry of Manpower’s Report on Labour Force in Singapore 2013 (released in 2014).
This income comparison calculator 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 stated in the MOM report, here’s the definition for gross monthly income:
For employees, it refers to the gross monthly wages or salaries before deduction of employee CPF contributions and personal income tax. It comprises basic wages, overtime pay, commissions, tips, other allowances and one-twelfth of annual bonuses. For self-employed persons, gross monthly income refers to the average monthly profits from their business, trade or profession (i.e. total receipts less business expenses incurred) before deduction of income tax.
Without further ado, simply divide your total gross annual income (including bonus) by 12 and enter the result below to start comparing:
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Reference: Statistical Table 26, Report on Labour Force in Singapore 2013, Ministry of Manpower (link).
2 Comments
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Thank you for the income calculation calculator!