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Average Salary in Singapore 2021 The Ministry of Manpower Singapore just formalized the Income statistics of Singaporeans on 28 Jan 2021 although an earlier tentative report was released back in Dec 2020. The statistics show that the Median income of Singapore residents fell for the first time since 2004 due to COVID-19. It is likely more informative to use the Median Salary vs. Average Salary in Singapore, the latter potentially being skewed by wealth inequality. What do I mean by that? Let me give a quick example before I deep dive into the salary situation of Singaporeans and answer the question: Is buying a condo a realistic dream for the typical Singaporeans? Average Salary vs. Median Salary Assuming that there are just 5 people which represents the entire Singapore’s population. They are arranged from the smallest income/month to the largest. Individual...TweetSharePinShare0 Shares
