Income

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OVERVIEW

Income from employment is a key indicator of economic well-being.

Median Gross Monthly Income from Employment reflects the income of a typical worker, as it represents the cut-off where half of the workers earn more than this income, and half earn less.

Annual Wage Changes provides a breakdown of changes in total wages into basic wages and bonuses, which is useful to determine wage increases that employers give over the year.

Average (Mean) Monthly Earnings refers to all remuneration received before deduction of the employee Central Provident Fund (CPF) contributions and personal income tax.

Occupational Wages data pertain to full-time resident employees and are available in terms of monthly basic and gross wages (excluding bonuses).

Monthly Gross (Graduate) Starting Salary refers to the starting salary of graduating cohorts from local publicly funded universities, polytechnics and the Institute of Technical Education (ITE).