Disclaimer: Except in any other case said, any opinions expressed under belong solely to the writer. All information sourced from Labour Drive in Singapore 2025, launched final month by the Singapore Ministry of Manpower.
In response to the newest information from the Ministry of Manpower, the variety of Singaporean staff (residents and everlasting residents) employed full-time and incomes a mean of S$10,000 per 30 days (on this case, figures offered by MOM exclude employers’ CPF contributions) has gone up by 31,200 individuals, to 404,900 in only a 12 months.
That’s a powerful leap of 8.3%, on the again of very robust GDP development, which hit 5% in 2025.
Which means 19.3% (almost one in 5) of domestically employed residents make at the least S$120,000 yearly.
Greater than 1 / 4 earn six figures per 12 months.
An estimated 26%, or a bit over 1 / 4 of Singaporean staff employed full-time, make S$100,000 or extra (round S$8,350 per 30 days).
Who’re they? What do they do?
Now, you should be curious what so many individuals do to earn a very good dwelling, so let’s begin by counting them up by trade—an inventory, unsurprisingly, led by monetary providers.
Breakdown by trade
| Business | Variety of staff incomes greater than S$10,000 per 30 days | Nationwide share | Business share |
|---|---|---|---|
| Monetary & Insurance coverage Providers | 90,600 | 22.4% | 38.5% |
| Public Administration & Schooling | 56,400 | 13.9% | 20.6% |
| Wholesale & Retail Commerce | 53,800 | 13.3% | 16.0% |
| Skilled Providers | 49,700 | 12.3% | 25.8% |
| Info & Communications | 39,400 | 9.7% | 30.4% |
| Manufacturing | 36,000 | 8.9% | 17.1% |
| Well being & Social Providers | 22,300 | 5.5% | 12.2% |
| Transportation & Storage | 17,200 | 4.2% | 8.2% |
| Development | 11,300 | 2.8% | 10.9% |
| Actual Property Providers | 8,400 | 2.1% | 14.3% |
| Administrative & Help Providers | 6,600 | 1.6% | 5.2% |
| Different Neighborhood, Social & Private Providers | 4,500 | 1.1% | 5.8% |
| Arts, Leisure & Recreation | 3,100 | 0.8% | 8.3% |
| Others | 3,100 | 0.8% | 15.9% |
| Lodging & Meals Providers | 3,000 | 0.7% | 2.1% |
The second largest, beneficiant employer is the Public Administration, the place 20% of staff acquire S$10,000 month-to-month or extra from work, adopted by Commerce, Skilled Providers and IT.
The tech sector can also be second relating to the share of all staff making 5 figures per 30 days, at round 30%, trailing solely Monetary & Insurance coverage Providers, the place near 40% are paid that a lot.
Breakdown by age
Naturally, your odds of a better pay enhance with age, with the height falling in your 40s, though there’s virtually 100,000 30-year-olds on this class already.
Breakdown by training
As I reported about two weeks in the past, college diploma holders considerably out-earn all different instructional teams, and it’s clearly seen right here as effectively, with over 85% of high-earners having a tertiary diploma.
That mentioned, not all is misplaced for those who’re not amongst them, as there are even just a few thousand individuals who completed their training under secondary degree and but nonetheless have well-paying jobs. Statistically, chances are high slim, in fact, however relying in your scenario, educational training won’t be a requirement for a profitable profession.
Breakdown by gender
What’s a shock to no person is that males considerably outnumber girls amongst high-earners, comprising over 60% of the entire. Nevertheless, earlier than you conclude that that is proof of a sexist pay hole, it stays true that fewer girls climb the profession ladder as excessive as males, and fairly just a few nonetheless select to place household life first.
On condition that extra males than girls work at any degree, we’ve got to appropriate for this disparity. Of their respective teams, 23% of males and round 15% of girls are within the S$10,000 per 30 days earnings bracket, which implies there may be nonetheless a little bit of a spot, however not substantial sufficient contemplating totally different decisions relating to careers to recommend systemic discrimination.
Both means, as you’ll be able to see, enticing pay isn’t so uncommon in Singapore, and with the correct training and the correct area, it’s drawn by greater than only a tiny elite.
What’s extra, with a very good GDP forecast for 2026 following a robust 2025, we will anticipate these numbers to proceed climbing, with tens of hundreds of Singaporeans becoming a member of the S$10,000 membership annually.
- Learn different articles we’ve written on Singapore’s job panorama right here.
Featured Picture Credit score: tang90246/ depositphotos
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