Our ever popular income comparison tool has just been updated with the latest data from Ministry of Manpower’s Report on Labour Force in Singapore 2018 (released in Jan 2019).
This income comparison calculator, like our other comparison tools which include our Annual Income and Household Income comparators, lets you compare your gross monthly income with other Singapore residents in your age group AND gender group. You may also compare with all age groups and/or both gender groups.
The following is the definition of 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.
So, simply divide your total gross annual income (including bonus) by 12, enter the result below and compare away:
Reference: Employment Table 31, Report on Labour Force in Singapore 2018, Ministry of Manpower.