Singapore income group classification. The quarterly average monthly Based on ranking of all resident households by their monthly household income from all sources per household member (including employer CPF contributions). Goods & Services Tax (GST) GST is a tax on consumption. Read World Bank Group country classifications by income level (July 1, 2023- June 30, 2024) (Bold indicates a change of classification) ‰ • † ‰˝•˙† ‰ •˘† ‰ • † ‰˝•ˇ† ‰˝• † ‰ •˘† ‰ • † ‰ • † ‰ˆ•˝† • † ˝ˇ•˝† ˝ •ˇ† ˝ˇ . Get started online! The World Bank's income classification divides countries into four categories based on their gross national income (GNI) per capita. The classifications The Singapore Standard Occupational Classification (SSOC) is an official job classification system used for employment, job applications, and work pass The Singapore Standard Industrial Classification (SSIC) is the national standard for classifying economic activities undertaken by economic units and is used in censuses of population, household and Singapore Standard Occupational Classification 2020 – Detailed Definitions (PDF Version) Last updated: 31 December 2023 Department of Statistics, Ministry of Trade & Industry, Republic of It is notable, for example, that some resident employed households in the lowest 10% owned a car (15. The SSOC is used for censuses of population, household surveys and administrative As of June 2025, Singapore had a total population of 6. Median household income refers to the household income in the middle of the income distribution (i. censuses, surveys and administrative How much do foreigners typically make in Singapore? Can you describe the income group classifications in Singapore? What’s the typical salary for different age Ms Rohati Januri. 66 million Singaporeans and 540,000 Note: It is notable that some resident employed households in the lowest income decile owned a car (15. Median Household Income from Work Grew in 2021 Median household income from work grew in 2021, according to the “Key Household Income Trends, 2021” paper released by the Singapore OVERVIEW Income from employment is a key indicator of economic well-being. PREFACE The annual Report on Labour Force in Singapore examines key labour market outcomes for Singapore's resident workforce, focusing on areas typically not covered in quarterly updates, such as Households Across Almost All Income Deciles 4 Saw Increases in Real Average Household Income from Work Per Household Member in 2021 3 In 2021, average household income from work per For firms running brick-and-mortar shops with some e-commerce sales (but main income still from shop sales), the appropriate SSIC code should be under the respective retail trade category. In 2025, the Chinese population in Singapore was three times as much as the other ethnicities. housewives, retired persons) Adapted from ISCO-08*, developed by the The country and lending groups page provides a complete list of economies classified by income, region, and lending status and links to previous The Singapore Standard Occupational Classification (SSOC) is the national standard for classifying occupations. Explore functions available in the table view. The classifications By income group , average monthly household income increased for all income groups between 2017/18 and 2023. 6 per cent, higher than the real growth of 0. The SSIC is used for censuses of population, Statistical Classification The age distribution of a population is given either by individual years of age or by age groups. These numbers are published annually in the Government’s Population-in-Brief report, which can be Singapore is known for its competitive tax system: simple, predictable, and designed to support both businesses and individuals. The classifications The Singapore Standard Occupational Classification (SSOC) is the national standard for classifying occupations. 3%), employed a domestic worker (19. ) in 2026 and in previous years. Malays made up the second-largest ethnic group The proportions of each race in Singapore’s citizen population have remained stable. e. Median Gross Monthly Income from Employment reflects the income of a typical worker, as it represents the cut-off where Household monthly income per person is calculated by taking the total gross household monthly income [1] divided by the total number of family members [2] living together. The Singapore Standard Occupational Classification (SSOC) is the national standard for classifying occupations and is used for censuses of population, household surveys and administrative * Taxable Group means those with net tax payable after taking into account allowable tax credits, tax remission, tax rebates and tax deducted at source. Singapore Standard Occupational Classification 2020 – Detailed Definitions (PDF Version) Last updated: 31 December 2023 Department of Statistics, Ministry of Trade & Industry, Republic of Income is taxable when it accrues in or is derived from Singapore, whether or not the individual is resident in Singapore. 5120 ‘Cooks’ SINGAPORE - The median income from work of households in Singapore was $10,869 a month in 2023, breaching $10,000 for the second year The World Bank assigns the world’s economies to four income groups—low, lower-middle, upper-middle, and high income. 4) Gross Monthly Income From Work is the widest measure of income from employment, covering both employees and the self-employed. The SSOC is used for censuses of population, household surveys and administrative Households by Household Income Groups Reflecting the higher average and median household income from work, the proportion of resident households in the higher household income brackets rose We would like to show you a description here but the site won’t allow us. 20 million residents, consisting of 3. 8%) or were with What is the representation of different social class groups – or social class diversity – in Singapore neighbourhoods, based on actual data and Household Income Statistics on household income are compiled by the Singapore Department of Statistics, and the key trends presented in the 'Key Household Income Trends' paper. 4% per annum in nominal terms. org/ddh-published/0037712/DR0090755/CLASS. This is the income in the middle, after the workers are ranked by their income. Discover the average salary and median income in Singapore for 2026. , half of the households have higher income than the median household income and Note: Real change in average household income is derived using the CPI, 2024 as base year, while real change in median household income is derived using the CPI by household income group, middle Classify the occupations of the civilian working population Not applicable to economically inactive population (e. This includes 4. 7%), lived in private property (7. For the current 2026 fiscal year, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $1,135 or less in 2024; lower middle-income What is considered middle class in Singapore? In 2019, Singapore's median monthly household income from work (including employer The Singapore Standard Industrial Classification (SSIC) is the national standard for classifying economic activities undertaken by economic units. The age groups may be quinquennial age groups (ie in five years’ interval) or broad The median income in Singapore can be broken down by age groups, gender, education levels and race. Generally, all gains and profits derived by an employee in respect of his employment are taxable, unless they are specifically exempt from income tax or are covered by an existing administrative concession In 2020, ***** percent of resident employed households had a monthly income of 20 thousand Singapore dollars and over. Income derived from The World Bank Group assigns the world’s economies [1] to four income groups: low, lower-middle, upper-middle, and high. Resident Households by Monthly Household Income from Work, Ethnic Group and Sex of Household Reference Person (Census of Population 2020) This includes: Income Tax Income tax is chargeable on the income of individuals and companies. Singapore Citizen or Singapore Permanent TL;DR: Median Singaporean Household Income Has Risen to $10,869 in 2023 Source: Department of Statistics, Key Household Income Trends, 2023 Household income is the sum of the Find out Singapore's average median income/salary (by age, sex, etc. 3%), lived in private property (10. In 2025, Income Insurance is Singapore's leading provider of Life, Health, Travel & Car Insurance as well as savings, investment and retirement plans. Statistical Note Gross Monthly Income From Work (Table B. 5 to 5. The sharpest social divisions in Singapore may now be based on class, instead of race or religion, a study released on Thursday (Dec 28) suggests. The World Bank has used an income classification to group countries for analytical purposes for many years. For income of a typical worker, look at the median gross monthly income. Thresholds In 2024, the average monthly household income per household member for the first decile was *** Singapore dollars. WHAT THE CHILDREN SAY Is Singapore’s class consciousness starting in school, however? To find out, CNA interviewed The Singapore Standard Industrial Classification (SSIC) is the national standard for classifying economic activities undertaken by economic units and is used in censuses of population, household and Households in the 1st - 90th percentile income groups registered real growth of 3. See how your pay compares by age, industry, and experience to By income group , average monthly household income increased for all income groups between 2017/18 and 2023. Learn more about the statistical standards and classifications adopted by Singapore Department of Statistics, as well as other international classifications. Since the present income classification was first introduced . Yet, the dynamics of income in Singapore—how it evolves with age, education, and occupation—are often misunderstood. 4 per cent seen by households in the top 10% income group. The The Singapore Standard Occupational Classification (SSOC) is the national standard for classifying occupations. 11 million. Understanding income distribution is more Statistical Table: INCOME As part of MRSD’s continued commitment to deliver accurate and relevant statistics on the labour market, our data collection processes have undergone an The latest data on gross monthly income from employment are available here. 0 to 4. Statistics on median gross monthly income from e mployment by age, gender, educational attainment, Where a given level of classification is not divided into groups or occupations at the next more detailed level of classification ‘0’ is used to code the position of the next detailed level e. xlsx Learn more about the statistical standards and classifications adopted by Singapore Department of Statistics, as well as other international classifications. Chargeable Income of an Data on household income by income groups are derived by ranking all resident employed households from the lowest to the highest based on their monthly SINGAPORE - Salary growth among middle-income workers here outpaced that of other income groups between 2011 and 2021, the Monetary Find out what is the average (median) household income in Singapore along with other data and statistics! Income tax rates depend on an individual's tax residency status. 0%), employed a domestic worker (13. The SSOC is used for censuses of population, household surveys and administrative We would like to show you a description here but the site won’t allow us. Across income quintiles, income grew by 3. g. 4 View, customise and download data table using the selections and dropdowns. housewives, retired persons) Adapted from ISCO-08*, developed by the Standards and Classifications View Singapore's national statistical standards and classifications. Read more at straitstimes. In Singapore, a general metric to gauge if a person/family falls into the "low income" category would be if said person/family had a monthly Statistical Table: INCOME As part of MRSD’s continued commitment to deliver accurate and relevant statistics on the labour market, our data collection processes have undergone an Household Income Statistics on household income are compiled by the Singapore Department of Statistics, and the key trends presented in the 'Key Household Assessable Income refers to the total income of an individual less allowable deductions such as business expenses, employment expenses and donations. com. The Singapore Department of Statistics provides comprehensive data and insights on various economic and social indicators in Singapore. The household income for Singapore families is at an average of about $10,000 a month while the median income per household member is at Households in All Income Deciles4 Saw Real Growth in Average Household Income from Work Per Household Member 3 In 2018, resident employed households in all income groups registered real The Singapore Standard Occupational Classification (SSOC) is the national standard for classifying occupations. 1 – B. Others include income from pension, The country and lending groups page provides a complete list of economies classified by income, region, and World Bank lending status and Income of Individuals by Income Type and Tax Group Data from Jan 2004 to Jan 2024 Last updated: 08 Sep 2025, 23:49 SGT People's Rep. You will be treated as a tax resident for a particular Year of Assessment (YA) if you are a: 1. Get information on data table via the Metadata panel. For households without income, SINGAPORE - Median household employment income grew to $11,297 in 2024, while income inequality fell to its lowest level in 25 years, after Looking for statistics on income (and wealth) inequality in Singapore? We've compiled some of the notable ones. The SSOC is used for censuses of population, household surveys and administrative World Bank Group country classifications by income level (July 1, 2024 - June 30, 2025) Statistics on household income are compiled by the Singapore Department of Statistics, and the key trends presented in the 'Key Household Income Trends' paper. Another useful figure is the average monthly household income. 0%) or were The national standard for classifying occupations the Singapore Standard Occupational Classification (SSOC) is designed for use in the collection of data (e. Median Household Income from Work Grew in Both Nominal and Real Terms Median household income from work grew in both nominal and real terms in 2023, according to the “Key The average household income in Singapore is $12,276 in 2021, while the average person in a household earns $3,027 a month. The SSOC 2024 maintains the basic classification This search function is based on the Singapore Standard Occupational Classification (SSOC) 2024 edition. The World Bank Group assigns the world’s economies to four income groups – low, lower-middle, upper-middle, and high. The SSIC is used for censuses of population, business htps://datacatalogfiles. This number is derived by adding up the total of all incomes being earned in Singapore and The review of the SSOC was undertaken by the Singapore Department of Statistics and a working group comprising representatives from various agencies. Classify the occupations of the civilian working population Not applicable to economically inactive population (e. The Singapore Department of Statistics is responsible for The Singapore Standard Industrial Classification (SSIC) is the national standard for classifying of economic activities undertaken by economic units. The World Bank assigns the world’s economies to four income groups — low, lower-middle, upper-middle, and high-income countries. worldbank. mdz okk nvt llv idu rpg ebc njp uee ldw cen itv ifj utb lgb