Singapore’s median monthly household income climbed to S$12,446 in 2025, up 6.8% in real terms from a year earlier, according to the latest Key Household Income Trends 2025 released by Singstat. CNA reported.
After adjusting for household size, median income per household member rose 7.5% to S$4,160, underscoring broad-based wage gains despite inflation pressures.
Prime Minister and Finance Minister Lawrence Wong said real wages have risen across all income levels over the past decade, with strongest growth among lower-income workers, reinforcing the government’s emphasis on inclusive growth.
For the first time, Singstat expanded its income definition to include “market income”, covering both employment and non-employment sources such as investments, rental income and CPF payouts, providing a fuller picture of household finances in an ageing society.
Income growth was recorded across all deciles over the past decade. In real terms, households in the lowest decile saw a 10.5% increase over the last five years compared to 1.4% for the highest decile. While employment income remained the largest contributor overall, lower-income households relied more heavily on non-employment income, particularly CPF-related returns and payouts.
Government transfers continued to play a redistributive role. Households in the first to seventh deciles received more in transfers than they paid in taxes, with residents in smaller HDB flats receiving the highest support.
Reflecting this, income inequality fell to a record low, with the Gini coefficient declining to 0.452 before transfers and taxes, and 0.379 after, the lowest levels since records began.
