Singapore Salary Guide (2026): What is the Average Salary?
Updated: 29 Apr 2026
Written bySingSaver Team
Team
In an era of rapid AI integration and shifting economic ceilings, understanding your position in the market is more vital than ever. Whether you are negotiating a new role or planning your financial milestones, this Singapore salary guide provides the most current salary benchmark in Singapore to help you navigate your career with confidence.
Singapore salary trend over the years
On a nominal level, the median salary in Singapore has grown significantly over the past 10 years. Data from the Ministry of Manpower (MOM) places the median gross monthly income at S$3,770 in 2014. By early 2026, the figure has grown to S$5,775—an increase of approximately 53% over the decade.
Having said that, nominal increases in income do not always translate to the same level of improvements in lifestyle or spending power. This is because Singapore remains sensitive to global inflation, which can erode the beneficial effects of nominal wage increases.
Therefore, it is important to consider the real rate of wage increase, which takes inflation into account. In 2025 and 2026, we have seen a positive trend as inflation normalized to roughly 1.5%, allowing for stronger real wage gains.
Total wage change (including employer CPF contributions)
| Year | Nominal change (%) | Real change (%) |
| 2018 | 4.6 | 4.2 |
| 2019 | 3.9 | 3.3 |
| 2020 | 1.2 | 1.4 |
| 2021 | 3.9 | 1.6 |
| 2022 | 6.5 | 0.4 |
| 2023 | 5.2 | 0.4 |
| 2024 | 4.8 | 2.1 |
| 2025 | 5.5 | 4.3 |
| 2026 (Est) | 4.0 | 2.5 |
Zooming into 2025 and 2026, we see that as inflation stabilized, the average income in Singapore finally translated into significant "real" gains for households, marking a strong recovery from the stagnant "real growth" of 2022–2023.
What’s the median salary in Singapore?
The median gross monthly salary in Singapore, including employer CPF contributions, stands at S$5,775 in 2026. This is the benchmark for all full-time resident workers.
While median salaries are useful for comparing national standards of living, they are less meaningful when applied to your personal situation. Your salary benchmark in Singapore is heavily influenced by your age, industry, and the current CPF Ordinary Wage (OW) ceiling, which as of January 1, 2026, has been raised to S$8,000.
Just so we can have a more nuanced understanding, let’s look at the average salary in Singapore broken down by age.
Median salary by age (2026 Data Set)
| Age group | Median monthly salary |
| 15–19 | S$1,350 |
| 20–24 | S$3,450 |
| 25–29 | S$4,850 |
| 30–34 | S$6,100 |
| 35–39 | S$7,350 |
| 40–44 | S$7,700 |
| 45–49 | S$7,800 |
| 50–54 | S$6,650 |
As expected, median salaries grow sharply from your 20s to late 40s. However, income typically plateaus or dips after age 50. This is often attributed to shifts in employment types or companies rebalancing manpower costs as workers approach the retirement age (which is currently slated to reach 64 by 2026).
Is there a gender pay gap in Singapore?
Unfortunately, a gender pay gap persists in Singapore, though the gap has steadily narrowed as more women enter high-growth STEM and leadership roles.
| Year | Monthly median income (males) | Monthly median income (females) | Difference (%) |
| 2022 | S$5,310 | S$4,750 | 10.5% |
| 2023 | S$5,520 | S$5,090 | 7.7% |
| 2024 | S$5,800 | S$5,400 | 6.9% |
| 2025 | S$6,150 | S$5,780 | 6.0% |
While the trend is improving, current industry salary ranges show that women are still slightly underrepresented in the highest-paying C-suite and technical roles, though initiatives in 2026 continue to push for transparency and parity.
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How much should you be paid in Singapore?: Salary guide by industry
The following industry salary ranges are based on the 2026 Singapore Salary Guide benchmarks. Salaries are expressed on a per annum basis.
Accounting and finance
| Role | 5 to 10 years | 10 to 15 years |
| Finance Director | S$195,000 | S$260,000 |
| Internal Audit Director | S$190,000 | S$270,000 |
| Internal Auditor | S$92,000 | S$110,000 |
| Tax Manager | S$95,000 | S$135,000 |
| Financial Accountant | S$60,000 | S$85,000 |
Banking and financial services
| Role | 5 to 10 years | 10 to 15 years |
| Client Services (Operations) | S$110,000 | S$170,000 |
| Reference Data | S$110,000 | S$170,000 |
| VP (Private banking) | S$180,000 | S$240,000 |
| Relationship Manager (Comm) | S$140,000 | S$220,000 |
| Priority Banking RM (Retail) | S$55,000 | S$95,000 |
Human resources (HR)
| Role | 5 to 10 years | 10 to 15 years |
| HR Director/Head of HR | S$175,000 | S$230,000 |
| Head of Talent Acquisition | S$135,000 | S$200,000 |
| Talent Acquisition Specialist | S$72,000 | S$115,000 |
| L&D Manager | S$95,000 | S$120,000 |
| Comp & Benefits Specialist | S$75,000 | S$95,000 |
Legal, risk and compliance
| Role | 5 to 10 years | 10 to 15 years |
| Transaction Monitoring | S$135,000 | S$200,000 |
| Corporate Secretary | S$130,000 | S$195,000 |
| Credit Risk | S$155,000 | S$220,000 |
| Quant | S$185,000 | S$280,000 |
| Asset Management | S$175,000 | S$240,000 |
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Projects and change
| Role | 5 to 10 years | 10 to 15 years |
| Strategy Consulting | S$200,000 | S$280,000 |
| Lean Six Sigma Expert | S$190,000 | S$210,000 |
| Change Manager | S$155,000 | S$205,000 |
| Project Manager | S$135,000 | S$195,000 |
| Junior Business Analyst | S$55,000 | S$85,000 |
Sales and marketing
| Role | 5 to 10 years | 10 to 15 years |
| Head of Marketing (Banking) | S$185,000 | S$225,000 |
| Marketing Manager (Banking) | S$105,000 | S$135,000 |
| Digital Marketing Director | S$195,000 | S$255,000 |
| SEO Manager | S$120,000 | S$145,000 |
| Content Strategist | S$90,000 | S$110,000 |
Supply chain and procurement
| Role | 5 to 10 years | 10 to 15 years |
| Supply Chain Director | S$160,000 | S$230,000 |
| Purchasing Manager | S$115,000 | S$170,000 |
| Inventory Manager | S$72,000 | S$95,000 |
| Logistics Specialist | S$48,000 | S$62,000 |
| Supply Chain Analyst | S$50,000 | S$65,000 |
Technology
| Role | 5 to 10 years (Monthly) | 10 to 15 years (Monthly) |
| Chief Information Security Officer | S$17,000 – S$22,000 | S$20,000 – S$28,000 |
| AI / Business Development | S$14,000 – S$28,000 | S$28,000 – S$40,000 |
| Cyber Security Operation | S$8,500 – S$14,000 | S$14,000 – S$20,000 |
| IT Audit | S$11,500 – S$18,000 | S$18,000 – S$28,000 |
| UI/UX Developer | S$5,000 – S$9,500 | S$9,500 – S$17,000 |
Best brokerage accounts in Singapore (2025)
No matter how your salary compares to the average income in Singapore, the key to long-term wealth is making your money work harder. In 2026, with the US Fed and MAS keeping rates steady, high-yield savings accounts and diversified investing remain the best paths. Check out the latest brokerage accounts in Singapore to start your journey.
Card | Hot Reward Pick | SingSaver Reward | Min. Commission Fee (SG Stocks) | Min. Deposit | Min. Commission Fee (US Stocks) | ||
|---|---|---|---|---|---|---|---|
 | Syfe Brokerage | - | - | S$1.98 | S$2,000 | US$0 | |
 | uSMART SG | S$600 | 0.02 % | S$1,000 | US$0 | ||
 | Tiger Brokers | S$1,459 | S$0.99 | S$3,000 | US$0.99 |
For those new to investing
- All-in-one investment platform
- No min. deposit required
- Unlimited free trades for US markets for the first 3 months (subsequently, 2-10 free US trades per month)
- Access US, SG, and HK markets as well as UCITS
- US fractional shares and SG odd lots available
- Supports auto-invest
- Access to real-time stock analysis
- Instant account opening with 24/7 support
- Licensed by MAS
- Read our full review of Syfe
- Management fee and member benefits depend on account tier
In providing the above information, SingSaver is carrying out introducing activities on behalf of financial advisers. SingSaver is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Neither singsaver.com.sg or the content on it is intended as securities brokerage or investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. The content on singsaver.com.sg is for general information purposes only and does not review or include all available companies, products or offers. SingSaver may receive compensation from the brands providing the offers or services appearing on this website. This advertisement has not been reviewed by the Monetary Authority of Singapore.
SingSaver’s take
If you are taking your first step into the world of investing, consider Syfe’s user-friendly, all-in-one platform that offers a strong mix of portfolio options. There is no minimum investment required and alongside low management fees and automated portfolio rebalancing, it's a great choice for young professionals and passive investors.
Pros
Wide range of portfolios and stocks available
No minimum investment required
Easy-to-use interface
Cons
Customer service is limited to digital channels for customers on lower-tier plans
For diversified investment portfolios
- Trade US Stocks and ETFs at only S$0.88 per order. T&Cs apply.
- Access stocks, but also options, CFDs (including stocks, forex, gold/silver, crypto), and Crypto ETFs.
- US Stocks: Lifetime $0 commission, with a fixed platform fee of $1 per transaction.
- Options: Lowest fees at $0.50 per contract. For premiums less than $0.10, the commission is only $0.10 per contract.
- CFDs: 0 commission, with spreads starting as low as 0.27 points for Gold CFDs.
- Free and interactive learning materials, videos and features to help new investors embark on their investment journey
- Platform fees apply for every trade
SingSaver’s take
uSMART is a great choice for investors looking to diversify their portfolios with a wide range of products, from stocks, fractions, futures, and ETFs. With no commission fees on US stocks and low fees on options, uSMART presents a relatively low barrier to entry. However, one limitation of the platform is that available stocks are limited to the US, SG and HK markets.
Pros
Easy account opening with MyInfo
Low commission fees
Wide range of products to choose from, such as fractions, stocks, and futures
Cons
Stocks are limited to US, SG and HK market
Relatively new platform that’s not as regulated as other brokerage accounts in the market
For no custody, deposit, and account maintenance fees
- Commission-free trades on US, HK, SG and China A stocks
- US Fractional Shares available
- Supports auto-invest in US stocks and ETF
- In-app community of millions of global investors
- Real-time market data and detailed analysis to make informed decisions
- Instant account opening as well as 24/7 support
- Licensed by Monetary Authority of Singapore (MAS)
- Read our full review of Tiger Brokers
- Platform fees apply for every trade
- Min. fee amount also applies for equities trades made on SEHK and HKEx
In providing the above information, SingSaver is carrying out introducing activities on behalf of financial advisers. SingSaver is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Neither singsaver.com.sg or the content on it is intended as securities brokerage or investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. The content on singsaver.com.sg is for general information purposes only and does not review or include all available companies, products or offers. SingSaver may receive compensation from the brands providing the offers or services appearing on this website. This advertisement has not been reviewed by the Monetary Authority of Singapore.
SingSaver’s take
With Tiger Brokers, investors only need to pay a commission fee on every trade they make. There are no custody, deposit, withdrawal, account maintenance or inactivity fees.
Pros
Low commission fees
Account can hold multiple currencies
Cons
Platform fees applicable on all trades
Minimum fee amount applies for equities trades on SEHK and HKEx
Conclusion
After looking at the salary charts above, you’ll probably find the question as helpful as asking ‘How much should I save?” or “How much do 30 year olds earn in Singapore?”
Apart from getting a promotion, one of the best times to increase your salary is when you have a job offer. On average, jobseekers reported a 20% increase in their salary when they change jobs, with some receiving as much as 38%.
Why are we shining the spotlight on the median salary trend? To encourage you to start thinking about retirement, of course!
Like it or not, it is crucial that we plan ahead for retirement and commit to putting money aside regularly when we have the means to hustle and earn more money. The hard truth is that our earning ability dips when we’re old.
You don’t want to wait till it’s too late before regrets become a thing you have to deal with on the daily with little to no extra money to spare. Case in point, retirees who didn’t plan for their retirement only have an average of S$1/day to spend on things they like! Have a look at these shocking statistics — they will push you to get started on your retirement planning.
While you’re at it, start investing early to take advantage of the magic of compound interest!
Frequently asked questions about salaries in Singapore
Well, that depends on who’s asking. For a 20-something first jobber with no commitments, this salary might offer a pretty carefree lifestyle. However, for a 40-something sole breadwinner with three hungry mouths to feed, S$3,500 might be considered far from good.
Another way to consider the question is to compare it with the median salary in Singapore, which in 2024 stood at S$5,500. This is quite a bit higher than S$3,500, which implies that the majority of Singaporeans wouldn’t consider this a good salary.
According to data from the Singapore Yearbook Of Manpower Statistics, 78,400 out of 2.07 million workers (approx 3.97%) earned average monthly salaries of S$20,000 or more. Of this group, 51,700 earned average salaries of S$22,500 or more.
Hence, for someone earning around S$18,000 or more, we can assume they’re in the top 5% of earners in Singapore.
There is no one-size-fits-all answer to this: It will all depend on the financial obligations you have. For instance, if you are a fresh graduate staying with your parents, a good salary that will allow you to live comfortably will likely be less than what someone with a mortgage and two children would require.
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About the author
SingSaver Team
At SingSaver, we make personal finance accessible with easy to understand personal finance reads, tools and money hacks that simplify all of life’s financial decisions for you.