Average Salary in Singapore: Quick Guide for HR & Payroll Teams
Understanding the average salary in Singapore is essential for HR managers, payroll teams, and business leaders. It helps organizations plan hiring budgets, forecast payroll costs, and set compensation that matches market expectations.
The Singaporean labour market is constantly changing, driven by the active economic development, swift technological change and demand shift in the critical sectors of the economy. In this guide, the average salary is disaggregated by displaying the data on salary data by industry and level of experience. It is especially significant to HR-managers and payroll professionals who will be determined to harmonize the payment packages with the current market trends.
What is the Average Salary in Singapore?
The average salary in Singapore refers to the mean income earned by employees across the country. The mean salary is calculated by adding all the earnings and dividing the total number of employees by the sum of the earnings. However, this figure can be influenced by very high earners; thus, most HR experts also look at the median, which becomes a more accurate representation of average income.
Average Salary Overview
In 2026, Singapore’s average monthly salary is expected to be around SGD 6,282, which means that the country will need a growing number of professionally qualified workers. This figure includes employer CPF contributions but excludes bonuses and additional benefits.
With the continued upward trend in the areas of technology, finance, and healthcare, the average wage in Singapore is expected to continue rising, and some projects suggest that it could rise even more to SGD 6,750 in 2026. The mean salary shows significant variability across industries, experience levels, and company sizes, indicating that these factors should be carefully considered when analyzing compensation.
Average vs. Median Salary: Why It Matters
Understanding the difference between average and median salary is critical for accurate salary planning, which offer different views of earnings for the whole labor force.
Average (Mean) Salary
The average salary is the total of all workers divided by the number of workers. High-income earners can push this number upward and resulting in an average that is higher than what one would expect a typical worker to earn. Using the example, a small group of highly paid experts in a certain field can set the average wage that surpasses the income levels of most professionals in the branch.
Based on 2026, the average salary will come at SGD 6,282 per month, which will show a stable upward trend as compared to the previous years.
Median Salary
The median salary, on the other hand, is the average one in a given situation where the salaries are arranged in a fixed order of ranking. Fifty percent of workers earn over this amount and fifty percent less than it. Because it remains unaffected by outliers, the median salary typically provides a more accurate representation of the worker’s average wage. In 2026, Singapore is projected to have a median of about SGD 5800 per month, which means a 5.5% growth as compared to 2025.
2026 Singapore Average Monthly Salary Guide
The average salary in Singapore varies significantly between different fields, jobs, and levels of experience. The table below summarizes the estimate of the variety of high-profile industry salaries in 2026:
Industry/Sector | In-Demand Roles | Monthly Salary Range (SGD) |
Technology & Digital | Software Engineers, Data Analysts | $6,000–$9,000 |
Finance & Banking | Fintech, Risk Management, Wealth Managers | $7,000 – $13,000+ |
Healthcare & Life Sciences | Clinical Specialists, Regulatory Experts | $5,000–$9,000 |
Engineering | Civil, Mechanical, Electrical Engineers | $4,500–$8,000 |
Sales & Marketing | Digital Marketers, E-commerce Specialists | $5,000–$9,000 |
These statistics demonstrate how the base average salary in Singapore varies in various industries, where jobs in technology and finance tend to produce wages higher than the national average.
2026 Singapore Median Monthly Salary Guide
The subsequent description provides a more comprehensible view of the median worker’s income, which is not highly affected by high earners.
Median Salary by Experience Level (2026)
Level | Median Salary Range (SGD) |
Entry Level (<2 Years) | $4,000–$5,000 |
Mid-Career (2–5 Years) | $6,000 – $8,000 |
Senior (>5 Years) | $9,000+ |
Median Salary by Job Category
Position Title | Median Salary Range (SGD) |
Managers & Directors | $11,000+ |
Professionals | $8,500–$10,000 |
Associate Professionals & Technicians | $5,000–$7,000 |
Clerical Support Workers | $3,500–$4,000 |
This data provides a snapshot of the median salary in Singapore across various experience levels and job categories.
Factors Affecting Salary Levels in Singapore
There are a number of determinants to the average salary in Singapore such as:
Experience & Seniority
Generally, higher experience leads to higher pay. The salaries received by professionals who have more than five years of experience are likely to be 30-50 percent higher than those of employees with entry-level job positions in their specific fields. Senior roles command higher salaries due to greater responsibility and expertise.
Education & Skills
A good level of education and professional skills might also greatly contribute to the salary. Degrees in data science, AI, and cybersecurity, as well as engineering, are especially valuable in Singapore, and the average salaries of specialists in the given sphere are usually higher than typical ones. Postgraduate degrees and certifications are also beneficial to widen the earning potential.
Industry Demand
Industries with high growth rates or with some skilled labor deficits, like in IT Company, finance, and healthcare, offer higher salaries to attract a skilled workforce. The talent requirement in certain industries has a significant effect on the competitive average salary in Singapore, and the tech and finance sectors are always better paid.
Company Size & Location
Some organizations, especially bigger organizations and Multinational Companies (MNCs) are likely to pay more and provide more benefits than the small organizations. In addition to that, companies that are located in the Central Business District (CBD) of Singapore or other geographically strategic positions tend to offer higher pay.
How the Latest Salary Trends Shape HR & Payroll Planning
HR teams must align salary structures with market benchmarks and informed decision-making on budgetary and salary increases to gain an understanding of the current average salary in Singapore. The HR professionals can ensure that their organizations are aligned to the current-day salaries by tracking the current market trends of salary increases so that they can retain the best talent.
Salary Structuring & Budgeting
HR teams should make sure that their salaries are always at the same level as the industry rates so as to remain competitive. The need to know the remuneration scale average salary in Singapore makes it easier to devise a fair and competitive (wage) list. Moreover, it ensures that the salary budgets are in line with current market trends, thereby reducing employee dissatisfaction with their wages.
Talent Retention
High turnover of employees is costly. By tracking the average salary in Singapore, organizations can manage pay gaps more effectively and deploy proactive strategies to retain the best employees. competitive salaries are yet another strategy that can be used to retain employees, particularly in an industry that is in demand.
Attracting Top Talent
Understanding the average salary in Singapore can allow HR professionals to make convincing packages that appeal to the best employees. One of the best ways to make an organization a preferred employer in the competition in the job market is through competitive compensation.
Conclusion
The median income that prevails as the average salary in Singapore is on the rise; the dynamic economy and the increased demand of professionals are the forces behind the salary. Knowing the average pay allowance, the HR is able to determine that the salary package is competitive, clear, and in line with the industry average. Having the appropriate data available, the HR departments have been able to better plan the salary increment, design competitive compensation packages, and attract and retain the best talents. Staying informed ensures organizations remain competitive in Singapore’s evolving job market.
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FAQ
What’s the Average Salary for an HR Manager in Singapore?
SGD10000-12500 remuneration defines the average compensation of HR managers in Singapore, depending on the level of experience and organization size of the working organization.
How rich is the average Singaporean?
Singapore has an average net worth of USD 382,957 per capita (SGD 516,991), which ranks the country at the 10th spot in the world. The top three nations in this category are Switzerland, Luxembourg, and the United States. Singapore is ranked number nineteen in the world with a median of USD 99,488 (SGD 134,308) per adult.
What is a Good Salary in Singapore?
A salary of about SGD 6000 is considered to be a competitive one in Singapore. Salaries above this mark are usually deemed as superb, especially to those professionals who have a two to five years of experience.
Is SGD3,000 a Good Salary in Singapore?
SGD 3,000 is lower than the median income in Singapore and it may not be enough to maintain a comfortable lifestyle in Singapore. Although it might be sufficient in the context of entry-level or part-time jobs, most of the workers will need a greater wage to cover the high cost of living in Singapore.
