Career & Education
Average Salary In Singapore 2020? Average Monthly Earnings (AME) Explained
By Turtle Investor  •  August 9, 2020
Average (or mean) Monthly Earnings (AME) refers to all remuneration received before deduction of the employee Central Provident Fund (CPF) contributions and personal income tax. I noted that this definition is different from salary (usually monthly) that typically refers only to payment to an employee for completing one month of work. Salary is therefore a subset of average monthly earnings. Having said that, for a lot of people, salary is their only source of income so they may frequently assume the two to be the same. In my quest to find out what is the average salary in Singapore, I write about the following in this blog post –
  • Average Monthly Earnings vs Salary – expanded
  • Median vs Average Salary in Singapore – the difference?
  • Income and salary data verification (2019)
  • Average monthly earnings from 2009 to 2019
  • Some final thoughts
Average Monthly Earnings vs Salary – expanded More often than not, I find myself searching for information online and spending an equal amount of time trying to validate the authenticity of the source....
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By Turtle Investor
Hello there! I am Kevin and the author behind the Turtle Investor blog. At age 37, I hit CPF Full Retirement Sum (FRS) of $176,000 on the last day of 2019, twelve years after graduating from university. I am married and owns a 4-room apartment. I continue to be gainfully employed to build up my portfolio and provide my loved ones with better lives. Leaving everything behind and transitioning to a digital nomad life in Bali remains an option but not something that I’m actively pursuing now 🙂
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