Singapore’s growing income gap shows in report

The growing income gap is evident in Key Household Income Trends 2009, a paper released by the Singapore Department of Statistics. The gap between average and median monthly household incomes has been widening since 2006. The median monthly household income in 2009 was S$4,850 (about $3,447) and the average S$6,826 (about $4,852), a difference of nearly S$2,000. There was a difference of more than S$2,000 in 2008, when the median was S$4,946 and the average S$7,086.

Singapore_median_average2

According to the report, median monthly incomes from work for employed household incomes range from more than S$22,000 for the richest 10% to S$1,300 for the poorest 10%. This chart shows the full range.

Singapore_average_household

The report also shows median monthly household incomes for people living in Housing and Development Board (HDB) flats, condominiums and private houses. This chart shows the "median monthly incomes from work" of "resident households". The phrase refers to Singaporeans and permanent residents.

Singapore_median_by_dwellin

Related posts:

  1. In millionaire-rich Singapore, majority income below national average
  2. Singapore’s average income puzzle
  3. 60 per cent of Singapore households earn less than national average
  4. Housing story shows Singapore downgrading
  5. Singapore household net wealth
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