Average Salary in Singapore 2025

As of 2025, the median gross monthly income for full-time employed residents is SGD 5,800 (INR 3.87L), while the mean salary stands at SGD 6,282 (INR 4.19L), according to the Ministry of Manpower.  

Over the past decade, wages have grown by nearly 46%, reflecting Singapore’s strong economy and demand for skilled professionals. High-paying sectors include finance, tech, and healthcare, where salaries often exceed SGD 8,000 (INR 5.52L) per month. 

In this guide, you’ll read more about: 

• What the average salary in Singapore means and how it’s calculated 
• Key factors influencing pay levels 
• Salary breakdowns by industry and job role 
• Cost of living versus income 
• Global comparisons and negotiation tips 

Average Salary in Singapore Over the Years

Understanding the average salary in Singapore is essential for anyone planning to work or study here. According to the latest Ministry of Manpower (MOM) data (2025), the median gross monthly income for full-time employed residents is SGD 5,800 (INR 3.87L), while the mean salary stands at SGD 6,282 (INR 4.19L).  

Mean vs Median Salary: What’s the Difference? 

• Mean Salary: The arithmetic average of all salaries. It can be skewed by very high-end earners. 
• Median Salary: The midpoint of all salaries, where half earn more and half earn less. This gives a clearer picture of what most people earn. 

For example: 

If five people earn SGD 2,500, 3,000, 3,500, 4,000, and 10,000,  

• Mean = (Sum ÷ 5) = SGD 4,600 
• Median = SGD 3,500 

The mean is higher because of one large salary, while the median reflects the typical income. 

Now, here are the trends with five-year gaps showcasing the average salary growth in Singapore:  

Year	Average Median Salary	Average Mean Salary
2014	SGD 3,770 (INR 2.45L)	SGD 4,892 (INR 3.18L)
2020	SGD 4,534 (INR 2.95L)	SGD 5,832 (INR 3.89L)
2025	SGD 5,800 (INR 3.87L)	SGD 6,282 (INR 4.19L)

Hence, over the last decade, median salaries have grown by nearly 46%, while mean salaries have seen similar growth. This steady rise reflects Singapore’s strong economy and demand for skilled professionals. 

Also Read: Study in Singapore after 12th: Top Courses, Colleges & Cost 

Factors Influencing Salary Levels in Singapore 

Salaries in Singapore vary widely across industries and roles. Understanding these factors helps professionals plan better and negotiate effectively.  

Below are the major elements that shape pay scales in the country: 

1. Industry Demand 

• High-growth sectors such as IT & Technology, Finance, and Healthcare offer some of the highest salaries. 
• For example:  
• Software Engineers earn between SGD 6,000–12,000 (INR 3.9L–7.8L) monthly. 
• Financial Analysts typically earn SGD 7,000–9,000 (INR 4.5L–5.8L). 
• Medical Specialists can command SGD 9,000–18,000+ (INR 5.8L–11.7L). 
• These sectors pay a premium due to talent shortages and global competition.  

2. Skills and Certifications 

• Specialized skills like AI, Cybersecurity, and Data Analytics significantly boost earning potential. 
• Certifications such as CISSP, CFA, or Project Management Professional (PMP) can increase salaries by 15–25%. 
• Employers increasingly adopt skills-based pay models, moving beyond tenure-based increments.  

3. Work Experience and Seniority 

• Entry-level roles start lower, but salaries rise sharply with experience:  
• Fresh graduates: SGD 3,500–4,500 (INR 2.3L–2.9L). 
• Mid-level professionals: SGD 6,000–9,000 (INR 3.9L–5.8L). 
• Senior managers: SGD 12,000+ (INR 7.8L+). 
• Leadership roles in finance or tech can exceed SGD 20,000 (INR 13L) monthly.  

4. Government Policies 

• The Employment Pass (EP) qualifying salary sets a benchmark for foreign professionals:  
• From Jan 2025, minimum EP salary is SGD 5,600 (INR 3.64L) for most sectors and SGD 6,200 (INR 4.03L) for financial services. 
• Higher thresholds apply for older candidates (up to SGD 10,700 (INR 6.95L). 
• These policies ensure competitive wages and influence overall market pay. 

Average Salary by Industry in Singapore 

Singapore’s job market offers competitive salaries but pay varies significantly by industry.  

Below is a breakdown of major sectors and what professionals can expect:  

IT & Technology 

• Tech roles dominate the salary charts due to high demand for digital skills. 
• Average IT salary in Singapore ranges from SGD 6,000–12,000 (INR 3.9L–7.8L) per month. 
• Roles like software engineers, data scientists, and cybersecurity experts often earn above the national average salary in Singapore. 

Finance & Banking 

• Finance remains one of the most lucrative sectors. 
• Professionals in banking and investment earn SGD 7,000–15,000 (INR 4.5L–9.7L) monthly. 
• Senior roles in wealth management and compliance can exceed SGD 20,000 (INR 13L). 

Healthcare & Life Sciences 

• Doctors and specialists command high salaries due to skill scarcity. 
• Average monthly pay ranges from SGD 9,000–18,000 (INR 5.8L–11.7L). 
• Nursing and allied health roles earn SGD 3,500–6,000 (INR 2.3L–3.9L). 

Accounting & Compliance 

• Average accountant salary in Singapore is SGD 4,500–7,000 (INR 2.9L–4.5L). 
• Compliance officers and auditors earn slightly higher, especially in financial services. 

Education & Public Sector 

• Teachers and lecturers earn SGD 3,500–6,000 (INR 2.3L–3.9L). 
• Public sector roles offer stability, but lower pay compared to private industries. 

Salary by Job Role & Experience Level 

Salaries in Singapore rise sharply with experience. Entry-level professionals earn modest pay, but mid-level and senior roles can command salaries several times higher. Upskilling and leadership responsibilities are key drivers of this growth. 

Here is the salary progression with experience:  

Experience Level	Average Salary (SGD)	Average Salary (INR)
Entry-Level (< 2 yrs)	3,500–4,500	INR 2.3L–2.9L
Mid-Level (5–10 yrs)	6,000–9,000	INR 3.9L–5.8L
Senior (15+ yrs)	12,000–20,000+	INR 7.8L–13L+

Note: Certifications and leadership experience accelerate progression. 

Cost of Living vs Salary in Singapore 

Singapore is one of the most expensive cities in Asia, and understanding living costs is crucial when evaluating the average salary in Singapore. While the median monthly income is SGD 5,800 (INR 3.87L), expenses like housing and food can significantly impact disposable income. 

Major Living Expenses 

• Housing:  
• City-center apartment: SGD 2,500–4,000 (INR 1.6L–2.6L) 
• Outside city center: SGD 1,500–2,500 (INR 97K–1.6L) 
• Food:  
• Hawker meals: SGD 5–8 (INR 325–520) 
• Mid-range dining: SGD 30–100 (INR 2K–6.5K) 
• Transport:  
• Monthly public transport pass: SGD 90–120 (INR 5.8K–7.8K) 
• Taxi (8 km): SGD 15 (INR 975) 

With an average monthly salary in Singapore of SGD 6,282 (INR 4.19L), housing alone can consume nearly half of your income. Careful budgeting is essential for maintaining a comfortable lifestyle. 

Global Comparison: How Does Singapore Rank? 

Singapore consistently ranks among the top-paying countries worldwide, thanks to its strong economy and high-value industries like finance and technology. Comparing salaries globally helps professionals understand how competitive Singapore is as a career destination. 

Global Salary Benchmarks (Monthly Net Salary):  

Country	Average Salary (USD)	Average Salary (INR)
Switzerland	8,218	INR 6.16L
United States	6,562	INR 4.92L
Singapore	4,457	INR 3.71L
Hong Kong	3,628	INR 2.72L
United Arab Emirates	3,187	INR 2.39L
United Kingdom	3,170	INR 2.38L

So, Singapore offers salaries that are higher than most Asian countries and competitive with developed economies. 

Tips to Negotiate a Higher Salary in Singapore 

Negotiating a salary in Singapore requires preparation and strategy. Whether you’re aiming for the average salary in Singapore or targeting higher pay in sectors like IT or accounting, these tips will help you succeed. 

1. Research Industry Benchmarks 

• Know what employers are paying for your role. 
• For example:  
• Average IT salary in Singapore: SGD 6,000–12,000 (INR 3.9L–7.8L). 
• Average accountant salary in Singapore: SGD 4,500–7,000 (INR 2.9L–4.5L). 
• Use official sources like MOM and salary guides to back your negotiation. 

2. Highlight Certifications and Skills 

• Specialized skills in AI, Cybersecurity, or Finance (CFA) can justify higher pay. 
• Employers value certifications that demonstrate expertise and commitment. 

3. Leverage Job Offers 

• If you have multiple offers, use them as a leverage. 
• Compare packages and negotiate based on responsibilities, not just base pay. 

4. Understand Market Trends 

• Salaries in Singapore are competitive globally. 
• For context: Singapore average salary in USD is about USD 4,457 (INR 3.71L), higher than Hong Kong and UAE. 

5. Be Ready to Walk Away 

• If the offer doesn’t meet your expectations and market standards, consider alternatives. 
• Employers respect candidates who know their worth. 

Conclusion 

Singapore offers one of the most competitive salary landscapes in Asia, with an average monthly salary of SGD 6,282 (INR 4.19L) and steady growth over the past decade. High-demand sectors like IT, finance, and healthcare continue to lead the charts, while government policies ensure fair wages for both locals and expatriates. 

With its strong economy and attractive pay scales, Singapore remains a top destination for professionals seeking growth and financial stability. 

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