{"id":282275,"date":"2026-02-09T15:35:12","date_gmt":"2026-02-09T15:35:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/282275\/"},"modified":"2026-02-09T15:35:12","modified_gmt":"2026-02-09T15:35:12","slug":"median-household-income-in-singapore-in-2025-crosses-12000-mark-for-the-first-time","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/282275\/","title":{"rendered":"Median household income in Singapore in 2025 crosses $12,000 mark for the first time"},"content":{"rendered":"<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">SINGAPORE &#8211; Median market income for Singapore households from work and other sources like investment and rent rose in 2025, with figures released on Feb 9 by the Department of Statistics (DOS) including for the first time data on non-employment income.  <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Among resident households, the median monthly household income grew by 7.7 per cent, from $11,558 in 2024 to $12,446 in 2025 before adjusting for inflation. This is the first time the figure has crossed the $12,000 mark.  <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">For the first time, the data on how much people earn also includes non-employment income, such as rental and investment income, and regular payouts from the Central Provident Fund (CPF) and insurance.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Another change in the Key Household Income Trends 2025 report was the expanded coverage of households. The report now includes households with no employed person, whereas previously it covered only those with at least one employed person. <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Including market income, which refers to income from both employment and non-employment sources, allows for \u201ca more comprehensive analysis\u201d of household income trends, the DOS said in a statement.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">It said that with Singapore\u2019s ageing population, there is a growing share of households made up of seniors aged 65 and older who are not working, but may have income from other sources, such as rental, investment and allowances from their children who do not live with them.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The median household market income grew in both real and nominal terms in 2025. <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">It grew by 6.8 per cent in real terms, after adjusting for inflation. Nominal refers to the unadjusted figure. <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Likewise, the median household market income per household member in 2025 also rose in both real and nominal terms. <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">For example, the figure grew from $3,837 a month in 2024 to $4,160 in 2025.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The median household market income refers to the income earned from both employment and non-employment sources by a typical household measured at the midpoint. This means that half of such households earn more, while half earn less.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">DOS said that it relied mainly on administrative data such as CPF and the Central Depository \u2013 an account that holds one\u2019s shares on the open market \u2013 for sources of non-employment income, along with large-scale surveys by government agencies.  <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The data in the report refers to resident households, where the household reference person is a Singaporean or permanent resident.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The income from employment was the main source of income for households in the second to 10th decile, and employment income contributed to between about half and 80 per cent of all income among these groups.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">However, the report also found that the percentage of income from non-employment sources has increased over the past decade. For example, income from sources other than employment was 14.9 per cent in 2015, and this rose to 20.4 per cent in 2025.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">A decile is one-tenth of all households sorted by income, with the first decile as the lowest income group.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Households in the first decile, or the lowest income group, survived mainly on non-employment sources of income such as CPF payouts and interest.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">About one in five households in the lowest income decile employed a domestic helper, while 6.7 per cent lived in private housing and 5.5 per cent owned a car. <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The report also found that the average market income rose for all income groups, with households in the lower deciles experiencing higher income growth.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">For example, the average market income per member from households in the first decile was $506 in 2025, up from $446 in 2024.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">For those at the fifth decile, the figure was $3,745 in 2025, up from $3,458 in 2024. At the tenth or highest decile, each member had an average income of $17,958 in 2025, up from $17,232 in 2024.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">In real terms, income rose by 12.8 per cent for the lowest decile, 7.4 per cent for the fifth decile, and 3 per cent for the highest decile.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/02\/3afc16c465a515147090acdbaa115599a74c009706a41c97b52267b323048079.webp\" alt=\"\" class=\"aspect-portrait flex items-start shrink-0 portrait article-portrait object-contain mobile:w-auto tablet:w-auto\" data-testid=\"image-test-id\" loading=\"lazy\"\/><\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The most commonly used measure for inequality, the Gini coefficient based on market income per household member, fell from 0.46 in 2024 to 0.452 in 2025.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">And after adjusting for government transfers and taxes, this figure fell to 0.379 in 2025.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">In fact, the 2025 figure is the lowest since the authorities started keeping records on market income in 2015.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The Gini coefficient measures inequality on a scale of 0 to 1, with higher values indicating greater inequality.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Meanwhile, transfers include ad hoc and regular government contributions such as the GST vouchers, Workfare Income Supplement and the one-off Retirement Savings Bonus under the Majulah Package, and transfers in kind. The last refers to the value of in-kind benefits through subsidised services or goods such as education and childcare subsidies.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">In 2025, each household member received an average of $7,300 in government transfers, which was lower than the $7,725 in 2024.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">This was due to the end of one-off schemes introduced in 2024 such as the Budget 2024 Cost-Of-Living Special Payment and the MediSave Bonus and Retirement Savings Bonus <a href=\"https:\/\/www.straitstimes.com\/singapore\/budget-2024-16-million-older-singaporeans-to-benefit-from-82-billion-majulah-package?ref=inline-article\" rel=\"nofollow noopener\" class=\"gap-x-04 items-center inline text-primary-60 select-auto\" aria-label=\"link\" target=\"_blank\" data-testid=\"custom-link\"><\/p>\n<p class=\"font-body-baseline-regular inline\" data-testid=\"paragraph-test-id\">under the Majulah Package<\/p>\n<p><\/a>.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">But like in past years, households living in the smallest HDB flats, which are the one- and two-room flats, received the most government transfers.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">They received an average annual sum of $16,519 per household member in 2025 \u2013 more than double the average amount received by all households. <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">In fact, households up to the seventh income decile received more from government transfers compared with the taxes they had paid. <\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/02\/293ba81e66805901e63dc81b212b931b27c0598cfaf38bea01c7d58c1b5ef8b2.webp\" alt=\"\" class=\"aspect-portrait flex items-start shrink-0 portrait article-portrait object-contain mobile:w-auto tablet:w-auto\" data-testid=\"image-test-id\" loading=\"lazy\"\/><\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Dr Mathew Mathews, a principal research fellow at the Institute of Policy Studies, said that internationally, income inequality is commonly measured using more than just employment income.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">However, he noted that such data is harder to get, as investment income and other wealth income of the well-heeled may be under-reported.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Professor Irene Ng of the National University of Singapore\u2019s social work department said it was \u201cremarkable\u201d that Singapore had managed to reduce income inequality in the past two decades, while many other developed economies saw a rise in inequality.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">This showed that measures such as the Progressive Wage Model, which helps to lift salaries of lower-income workers through skills upgrading and increasing productivity, have played a part in reducing inequality.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Dr Mathews added: \u201cSingapore still performs relatively well on mobility, but there are signs that mobility may be moderating as the economy matures, where family background becomes more influential over time.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"SINGAPORE &#8211; Median market income for Singapore households from work and other sources like investment and rent rose&hellip;\n","protected":false},"author":2,"featured_media":282276,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-282275","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/282275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=282275"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/282275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/282276"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=282275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=282275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=282275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}