Average salary in Singapore in 2025 – The ultimate guide

Expat life
19 May 2025
9 mins read
Written by

Singapore is one of the most thriving economies in the world. With a booming job market and competitive salary offerings, this Asian country has emerged as a popular work destination among qualified foreign professionals. 

 

If you want to know – what is the basic salary in Singapore – before applying for a job in the country, this blog is specially for you. 

Overview – Average salary in Singapore

  • Singapore’s average income for a full-time worker is S$6,113 per month & S$73,356 annually.
  • The average income in Singapore for a part-time worker is S$2,288per month & S$27,456 annually.
  • Top Job Sectors in Singapore
    • Banking & Finance (avg salary: S$58,743)
    • Information Technology (avg salary: S$61,717)
    • Science (avg salary: S$63,500 )
  • Top Companies in Singapore: Google, Apple, Singapore Airlines, KPMG, Deloitte, Goldman Sachs, Amazon, E&Y, L’oreal, etc.

Do you know?

  • The employment rate in Singapore is projected to be 69.97% in 2024. [1]
  • In 2024, Singapore ranked in 1st position out of 64 economies in the World Competitiveness Survey. The survey was based on four major factors: business efficiency, government efficiency, infrastructure, and economic performance.[2]
  • With an average annual salary of 70,590 USD, Singapore ranks in 14th position in terms of the highest average income in the world.[3]

The following factors influence the salary of any professional in Singapore:

 

  • Industry: It is the most common factor that impacts the salary of an individual in Singapore. For instance, the annual average salary of thriving sectors like banking and finance is higher than other sectors. 
  • Level of education: The difference in salary by education level is another factor that is taken into consideration when deciding the salary. Generally, professionals with master’s and doctoral degrees have higher salaries than those with a single university or high school degree. 
  • Work experience: Similar to the above point, the more work experience, the more will be salary. 
  • Job roles and responsibilities: Some job roles and responsibilities offer higher salaries than others. Some examples are surgeon, legal advisor, pilot, etc., which are roles that command higher salaries. 
  • Location: Some cities in the region of Singapore offer higher salaries than others. These include Singapore CBD, Woodlands, Jurong, etc. 
  • Company position: If the company has a good reputation in the market and is making good profits then it will offer better salaries to its employees as compared to a company that is running into losses.
  • Government policies: Government regulations and labour laws may also influence the salary in Singapore. 
  • Global influence: Singapore’s labour market is highly influenced by the global landscape. It means, there can be changes in the salary based on the competitiveness of the country. Thus, there are various economic factors affecting the salaries of individuals in Singapore.

Avg salary for full-time worker in Singapore: (6,113 SGD per month & 73,356 SGD annually)

Singapore is a global business and innovation hub with a highly robust job market. IT, engineering, banking finance, etc., are some of the key industries of the country. Understanding the average salary in Singapore per month and year in your relevant industry will help you search for a job that matches your career and financial goals. 

 

The following table shows the top five industries and their average income in Singapore for full-time workers:

 

Top Industries 

Average annual salary (in SGD)

Science

$63,500

Information Technology 

$61,717

Banking and Finance 

$58,743

Legal

$57,930

Engineering

$56,123

 

Let’s take a look at some of the top job profiles in each of these industries:

Science: Avg Salary – $63,599 per year

Science sg top salary

Source: Talent

Information technology: Avg salary – $61,717 per year

IT sg top salary

Source: Talent

Banking and finance: Avg Salary – $58,743 per year

banking sg top salary

Source: Talent

Legal: Avg salary – $57,930 per year

legal sg top salary

Source: Talent

Engineering: Avg salary – $57,543 per year

engineering sg top salary

Source: Talent

Also Read: How to get a job in Singapore from India 

Average salary for part-time workers in Singapore

Part-time jobs in Singapore offer flexibility to the individual to earn and manage their other commitments. Pay scales in Singapore for such jobs are based on an hourly basis and are mostly popular among students and retired professionals.

 

According to the Ministry of Manpower of Singapore, an individual is considered a part-time employee if they are under a service contract to work less than 35 hours a week.

 

The following table shows the top part-time jobs for students and their average per-hour salary in Singapore.

 

Type of Job

Average Pay per Hour (SGD)

Tutor

$20 – $90/h

Caregiver/ Babysitter

$19/h

Bartender

$16 – $27/h

Receptionist

$16 – $24/h

Food Delivery Person

$12 – $25/h

 

You can check the complete list of top part-time jobs for students in Singapore, the rules associated with it and other details.

 

Some of the major industries/profiles where part-time recruitment for non-students with a decent per-hour salary in Singapore is offered are:

 

  • Administration
  • Hospitality
  • Retail
  • Delivery
  • Food and Beverages

 

Also Read: How much does it cost to live in Singapore

The average salary in Singapore: Citywise

The table below depicts the Singaporean salary comparison between Singapore and nearby cities for general workers.

 

City

Average annual salary (SGD)

Bedok

$24,727per year

Ang Mo Kio

$22,532 per year

Singapore

$31,337per year

Pioneer

$22,005 per year

Woodlands

$22,532 per year

 

Source: Indeed

Highest paying job in Singapore

The highest-paying jobs in Singapore mostly involve leadership and management roles, such as C-level executives, directors, presidents/vice presidents, and so on. These are senior-level roles and require a higher qualification, vast work experience, strategic vision, and exceptional leadership qualities. Here are some of the highest basic salaries in Singapore.

 

Job title

Industry 

Average annual salary (SGD)

Managing Director 

Banking & Finance 

$600k – $700k

CFO – Financial Services

Accounting & Finance 

$250k – $600k

Direct sales

Technology 

$350k – $550k

President/vice-president 

Sales & Marketing 

$320k – $520k

Channel sales

Technology 

$300k – $500k

Pre Sales

Fintech – IT

$250k – $500k

Business Development 

Technology 

$350k – $450k

 

Source: Morgan Mckinley

 

Also Read: Complete list of startup schemes and grants in Singapore

Lowest/minimum paying job in Singapore

Most entry-level jobs and those in service sectors offer minimum wages to the workers. These include job roles such as janitors and cleaners, retail assistants, kitchen helpers, dishwashers, etc. Most of these are labour jobs and don’t require any qualifications or skills. For these reasons, they are quite popular among students and those with little or no educational qualifications.

 

Industry 

Job types

Average annual salary

Retail

Sales assistant 

S$28,800

Food & beverage 

Waiter, kitchen helper

S$24,600

Hospitality and travel

Guest service agent

S$21,000

Cleaning

Cleaner

S$20,400

 

Source: Talent

Salary for experience

Similar to most job markets, employers in Singapore prefer candidates with relevant work experience over freshers. This is reflected in the pay structure, as experienced individuals tend to have average wages in Singapore than inexperienced professionals who are just starting.

 

Years of work experience (in years)

Average salary per year (SGD)

0 – 1 (freshly graduates or interns)

$34,571

1 – 2

$41,828

2 – 4

$46,315

4 – 8

$65,580

8 – 12

$79,699

12 – 16 

$100,151

16 – 20

$123,243

20+

$121,528

 

Source: Average Salary Survey

Difference between median & average (mean) salary

Many times, mean and median salaries may be used interchangeably. However, the difference between the two is quite significant.

 

Let’s understand the difference between both methods with the help of an example. Consider the following set of salaries:

 

Person 1

$3,000

Person 2

$4,000

Person 3

$5,000

Person 4

$6,000

Person 5

$12,000

 

To find an average through the mean method, we need to add all the salaries and divide by the number of persons. 

 

($3,000 + $4000 +$5000 + $6000 + $12,000) / 5 = the average is $6,000.

 

To find the median average, we need to arrange the salaries from lowest to highest order. The salary that comes in the exact middle is known as the median. In the above example, $5,000 is the Singapore median income. This is the best method for calculating the average income because it states that 50% of people are earning more than the median, and 50% are earning less than the median figure. 

Before you go…

The job market in Singapore is robust and diverse. Hence, the average salaries in Singapore vary across industries and job roles. Generally, highly qualified professionals in the fields of banking, finance, IT, and healthcare earn higher salaries as compared to others. However, many other factors influence the salary of an individual in Singapore. These include education, experience, industry demand, and so on. 

 

Learning about the pay scale in Singapore is important before applying for a job. It helps you mindfully shape your financial landscape. Another important consideration is having a trustworthy international fund transfer application like Instarem.

 

For example, if you are from India, upon reaching Singapore, you might need to send money to India from Singapore. This is where it is strongly recommended to use only a trusted platform like Instarem for all your overseas transactions. Instarem is widely known for its affordable# cost, fast* transactions, and secure transaction methods. 

 

Besides multiple benefits, there are no hidden charges, and you also get several rewards on each successful transaction. 

 

 

*rates are for display purposes only.

 

Try Instarem for your next transfer.

 

Download the app or sign up here.

FAQs

1. What is the latest average salary in Singapore?

According to Ministry of Manpower Singapore, the yearly average salary in Singapore is 73,356 SGD.

2. What is a good salary in Singapore?

A salary ranging between 70,000 SGD to 100,000 SGD is generally considered to be good for sustaining a comfortable life in Singapore. However, it is important to note that a “good” salary for an individual depends on his financial circumstances, requirements, job type, and a few other factors.

3. Which job has the highest salary in Singapore?

Jobs in industries such as banking and finance, engineering, sales and marketing, healthcare, etc., have the highest salaries in Singapore.

4. Which job has the lowest salary in Singapore?

Some of the jobs with the lowest salaries in Singapore include cleaners and janitors, waiters, retail assistants, housekeepers, etc.

5. What is the average salary in Singapore for IT?

The Singapore median income for IT is 61,717 SGD per year. It can be more or less depending upon the specific job role and responsibilities.

6. What is the average salary in Singapore per month for Indians?

The average salary in Singapore per month for Indians varies based on job type, industry, education level, and experience. It can range anywhere from 3,500 SGD to 7,000 SGD per month.

7. How do you find a job in Singapore?

There are many online job portals in Singapore where you can find thousands of job postings from different sectors and industries. You can register yourself on such platforms and find a job as per your educational qualifications and skills. 

 

Other related blogs:

 

Disclaimers:

  • This article is intended for informational purposes only. All details are accurate at the time of publishing. Instarem has no affiliation or relationship with products or vendors mentioned.
  • * Fast meaning 75% of our transactions are completed in 15 minutes. Depending on the funding method.
  • #When it comes to affordable exchange rates and fees, it’s worth noting that the cost will vary depending on how you choose to fund your transactions. Credit card funding and bank transfer fees can differ significantly.

 

Citations:

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About Instarem

Instarem stands at the forefront of international money transfer services, facilitating fast and secure transactions for both individuals and businesses. Our platform offers competitive exchange rates for popular currency pairs like USD to INR, SGD to INR, and AUD to INR. If you're looking to send money to India or transfer funds to any of 60+ global destinations, Instarem makes it easy for you. We are dedicated to simplifying cross-border payments, providing cutting-edge technology that support individuals and businesses alike in overcoming traditional fiscal barriers normally associated with banks. As a trusted and regulated brand under the umbrella of the Fintech Unicorn Nium Pte. Ltd., and its international subsidiaries, Instarem is your go-to for reliable global financial exchanges. Learn more about Instarem.

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