The average salary reflects the city-state’s position as one of Asia’s strongest financial and commercial hubs. Known for its stable economy, global business presence, and high standard of living, Singapore offers competitive wages across sectors such as finance, technology, healthcare, logistics, and professional services.
As of 2026, the average salary in Singapore per month typically ranges between SGD 5,000 and SGD 6,500. This figure represents gross income before taxes and CPF contributions and should be viewed as a benchmark rather than a universal standard. On the other hand, the average annual salary ranges between SDG 65,000-80,000, without taxes.
Average Salary in Singapore by City Area
While Singapore is a single city-state, salary levels still vary slightly based on business concentration and industry presence across districts.
Higher salaries in the CBD are driven by finance, banking, multinational headquarters, and tech firms, while residential regions tend to reflect more moderate wage levels.
Average Salary by Occupation
Below is an overview of average monthly salaries in Singapore across major occupational groups:
What Is the Minimum Wage in Singapore?
Singapore does not have a universal national minimum wage. Instead, it uses the Progressive Wage Model (PWM) with sector-based pay floors: cleaning from ~S$1,910/month, security from ~S$2,475/month, retail from ~S$2,305/month, and food services from ~S$2,080/month, all linked to skills, training, and productivity growth with regular reviews.
What Is a Good Salary in Singapore?
A good salary in Singapore depends heavily on lifestyle and housing choices. For a single individual, average monthly expenses, including rent for a one-bedroom apartment, utilities, transport, and food, typically range between SGD 2,800 and SGD 3,500.
After accounting for personal income tax (which is relatively low compared to many developed countries), a net monthly salary of SGD 4,500 to SGD 5,500 is generally considered comfortable. In central locations, a good salary may need to exceed SGD 6,500 per month to maintain a higher standard of living.
Key Growing Industries in Singapore
Several industries continue to drive hiring and wage growth in Singapore:
Information Technology & Software Development
Finance, Banking & FinTech
Healthcare & Biotechnology
Logistics & Supply Chain
Engineering & Advanced Manufacturing
Construction & Infrastructure
Education & Training
Digital Marketing & Media
Legal & Corporate Services
Hospitality & Tourism
Government-backed innovation initiatives and strong foreign investment continue to support these sectors.
Average Salary by Experience Level in Singapore
Salary progression in Singapore is strongly tied to experience and skill depth.
Senior professionals in finance, technology, and leadership roles often exceed these ranges.
Taxes on Salary in Singapore
Singapore has one of the most attractive tax systems globally. Personal income tax is progressive, ranging from 0% to 24%, with most residents falling well below the top bracket.
There are no capital gains taxes, and deductions are available for CPF contributions and dependents.
As a result, take-home pay in Singapore remains relatively high compared to many other global cities.
Migrant Salaries in Singapore
Foreign professionals play a major role in Singapore’s workforce. Salary trends indicate:
Employment Pass holders typically earn above the national average
Migrant professionals in tech, finance, and engineering often match or exceed local wages
Lower-skilled migrant workers earn less, but are protected under sector-specific wage frameworks
Longer tenure and local experience significantly improve earning potential
Salary eligibility thresholds for work passes continue to rise, reinforcing skill-based hiring.
Benefits in Singapore
While Singapore does not follow a European-style welfare model, residents and permanent residents benefit from:
Subsidised public healthcare: Singapore provides heavily subsidised healthcare through public hospitals and clinics, ensuring residents and permanent residents have access to high-quality medical treatment at controlled costs.
Central Provident Fund (CPF) savings: The CPF system helps residents systematically save for retirement, housing, and healthcare, with mandatory employer and employee contributions strengthening long-term financial security.
Strong public housing system: Over 80% of Singapore’s population lives in government-supported Housing & Development Board (HDB) homes, offering affordable, well-planned housing with access to essential amenities.
World-class education: Singapore’s education system is globally recognised for its quality, offering strong public schooling, internationally ranked universities, and skills-based training aligned with labour market needs.
Efficient public transport: An extensive\ bus network provides reliable, affordable, and time-efficient transportation, significantly reducing commuting costs.