Your question: How much should you earn in Singapore to live comfortably?

SINGAPORE: The “reasonable starting point” for a living wage in Singapore is S$2,906 a month, according to a study by the Lee Kuan Yew School of Public Policy. This figure is based on the average budget for a couple with two children, assuming both parents are employed full-time.

What is a good salary in Singapore Expat?

The average annual salary for expats in Singapore is around US$130,000 — the fourth highest worldwide — compared to the global average of US$104,000.

What is a good salary in Singapore 2021?

The cost of living in Singapore is incredibly high. To compensate for it, Singaporean employers provide a hefty salary package to their employees. In 2021, the average salary in Singapore is about 8,450 SGD (6,220 USD) per month.

Is 5500 SGD a good salary?

5500 SGD in todays cost of living in SGD would be touch and go depending on your life style. If you continue to live as a bachelor live frugally, dont indulge in entertainment or party or clothes or anything else, then it should be enough.

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What is a good salary for a family of 4 in Singapore?

I think you need atleast 10,000 SGD per month to properly support a family of 4 in Singapore. The biggest costs would be house rent and food. A 2-3 BHK on the outskirts would cost about 4,000 SGD. Using public transport and cooking at home might save you some bucks.

How much do you need to earn to live in Singapore?

That’s for us a much important figure. And that’s a starting point we recommend for talking about a living wage in Singapore. So for adults with two children, each parent must earn $2,906 for their family to be able to meet basic needs. This number, and if you take away CPF, the gross is $2,484.

Is 5000 a good salary in Singapore?

5000 to 6000 SGD per month is good salary if you are single. With family, you need whole apartment/condominium which is expensive to rent.

What is high salary Singapore?

The best-paying jobs and salaries in Singapore

Job Position Salary per Annum (SGD)
HR Director $240k – $310k
IT Cyber Security Manager/Specialist $190k – $350k
Supply Chain & Logistics Specialist/ Head of Global Sourcing $180k – $400k
Regional Marketing Manager (Consumer Goods, e-commerce) $180k – $240k

Is 8000 a good salary in Singapore?

8000 is more than enough. average singaporean graduate at 27 is making only 3500 if you are lucky, and 3000 if you are unlucky.

How much should a 30 year old earn in Singapore?

Our salaries peak from 40 to 44 years old at $5,500 and drop significantly after 49 years old.

Average Salary In Singapore By Age Group.

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Age (Years) Median Gross Monthly Income From Work (Excluding Employer CPF)
25 – 29 $3,468
30 – 34 $4,500
35 – 39 $5,333
40 – 44 $5,550

Is 3500 a good salary in Singapore?

If you are planning to live by yourself, its more than sufficient, and will allow a good savings per month as well. If a family needs to survive on S$3500 then its tough and not worth it.

What is a good salary at 30?

Originally Answered: What salary range for a thirty year old is considered good? I’d say $150,000- $200,000 annually is a “good salary” for a 30 year old with a college degree and a tech job in a metro city in the United States.

What is considered middle income in Singapore?

According to the latest available data, the median monthly salary from full-time work in Singapore is S$4,534 in 2020, including CPF contributions from employers. Compared to 2010’s median monthly salary from full-time work, this represents a cumulative increase of about 51%.

Is Singapore too expensive to live in?

Singapore was ranked the second most expensive city in the world by the Economist Intelligence Unit (EIU) in its Worldwide Cost of Living 2021 survey. In its ranking published on 1 December 2021, Singapore was tied in second place with Paris, up from fourth position in the previous year.

Is 7000 a good salary in Singapore?

In short yes its a good enough life to live comfortable (not extravagant) as a single person in Singapore.