Compare Your Household Income 2009 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Compare Your Household Income 2009

Reply
 
Thread Tools
  #1 (permalink)  
Old 21-01-2009, 11:17 PM
Salary.sg
Guest
 
Posts: n/a
Default Compare Your Household Income 2009

Want to know how your family's combined income stack up against other families?

Use the following form to compare your monthly household income:



The above tool is based on info recently released by Singapore Department of Statistics.

You may also find these other Salary.sg tools useful:


- Benchmark your annual pay
- Benchmark your pay by age and gender


Reference: Key Household Income Trends, 2008, Singapore Department of Statistics

http://www.salary.sg/2009/compare-yo...d-income-2009/



Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #2 (permalink)  
Old 22-01-2009, 04:13 PM
Daniel Ling--
Guest
 
Posts: n/a
Default 3892

Hi, I do wonder if there's a error with the query. Or am I just misunderstanding the information.

I key in 2000 and it says that my Household Income is higher than 10.9% of all Household.

I would thought that the Household Income can be display as a pyramid and that the lowest income would be the Biggest Base.

But 2000 is only higher than 10.9%? That figure seems low to me.

Or did i misunderstand how this query works?

Reply With Quote
  #3 (permalink)  
Old 22-01-2009, 05:10 PM
yes it's low--
Guest
 
Posts: n/a
Default 3893

Yes, it's low. See Table 4 in the Key Household Income Trend report. The average is $7,750 - meaning the figure you entered (i.e. $2,000) is already below average, and the average for the 11th to 20th percentile is $2,480, so $2,000 at the 10.9th percentile level is about right.
If you're interested in comparing personal income of an individual, as opposed to combined household income of several individuals, you can use the other Salary.sg tools - just click on the "Benchmark your annual pay" or "Benchmark your pay by age and gender" links.

Reply With Quote
  #4 (permalink)  
Old 23-01-2009, 09:22 AM
Daniel Ling--
Guest
 
Posts: n/a
Default 3896

So the info from the Household income is correct. But it's a fact for me as I'm the bread earner with my mum no longer working. But 2000 / 2 = 1000 which doesn't make me eligible for assistance.

For the Annual Income guage.

Your annual income of $35,000
is higher than 21.4% of all resident taxpayers.

Sad to say, the figure still looks weird. 2.7k per mth seems to put me in a low income group?
Reply With Quote
  #5 (permalink)  
Old 23-01-2009, 11:26 PM
Goodie--
Guest
 
Posts: n/a
Default 3898

Daniel, why do you find it so hard to believe? I'm curious, that's all--no offense.
Reply With Quote
  #6 (permalink)  
Old 24-01-2009, 02:57 PM
Daniel Ling--
Guest
 
Posts: n/a
Default 3904

Hi Goodie, i'm assuming you are asking about why I feel that "2.7k per mth is in low income group."

Situation 1
Well, sincerely I would have thought that 1.5 onwards till I do not know how much is actually middle income.

But it seems that things have changed.

Situation 2
Or maybe 21.4% is already in the middle income range. Then i would wonder is it really true that there's so little low income people in singapore? What happen to all the blue collar? those that earn 900/mth? It's actually a very common wage.

Conclusion
So i'm just surprise. Is it that the low income group is lesser? Or the bench mark for middle income has risen? Or is it that the statistics did not include many of the low income population?

Hope to hear your thoughts on this.
Reply With Quote

  #7 (permalink)  
Old 24-01-2009, 03:52 PM
kevin--
Guest
 
Posts: n/a
Default 3905

Here's my two cents worth. First, there is an underlying skew towards higher income because (a) people near the high income will have such exceeding high income that it pulls up the average figure and (b) median income is skewed towards to the "higher" income because there is no negative income. Still (b) is less skewed and would be more useful as a comparator . I think the age cut-off is about 60, e.g., 60 and above with no income is considered retired, and assuming the median (?) starting work age is 20, then the "average" working age is about 40 years old and on "average", there is about 2 people working per household, making it about 40 years combined job experience. So with 40 years combined job experience, the median monthly income per household will be around 5k. Like a true statistician, I confess half of the "averages" are gut feels which can have be off from the actuals. I guess the bottomline is that statistics are made for policy makers and it is hard to apply it for the individuals. (And for those who are into surveys and want to factor in my personal bias, my household income is in the top quartile.)


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #8 (permalink)  
Old 24-01-2009, 09:57 PM
Goodie--
Guest
 
Posts: n/a
Default 3908

Hmmm, for annual income, doesn't this only include the tax payers? Those earning 900/month are not included, no? Admin?

Apart from what Kevin said, I don't have much to add, I think he explained it well.

Just one thing about 900 being a very common wage: "very common" is very subjective actually.

It depends on who you hang out with, your industry, etc. As I moved up the salary ranges, my notion of what salary is "common" changes as well. I used to think that my Director who earned 10k was paid sky high. But now, not anymore.
Reply With Quote
  #9 (permalink)  
Old 24-01-2009, 10:33 PM
admin--
Guest
 
Posts: n/a
Default 3910

Goodie, if you're referring to my other comparison tools that use the Iras stats, then yes, those earning 900/mth are not included.
As for the above tool, I use the numbers from DOS, which I believe include the low earners.
Reply With Quote
  #10 (permalink)  
Old 25-01-2009, 01:06 PM
Daniel Ling--
Guest
 
Posts: n/a
Default 3915

Hi Goodie, good point. I guess i totally forgot about that point.

But i do wonder if those high salary range is more common than low salary range. Just trying to think logically.

But sincerely, i'm sad that 2.7k is @ 21%. And base on admin, 900/mth is included.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Compare Your Income Salary.sg Income and Jobs 3 25-09-2021 07:23 PM
Compare Your Income by Age & Gender Salary.sg Income and Jobs 37 11-11-2009 12:46 PM
Calculate Income Tax 2009 Salary.sg Investments and Net Worth 3 19-09-2009 08:02 PM
Compare Income (part 2) Salary.sg Income and Jobs 2 10-11-2007 10:02 PM

» 30 Recent Threads
UOB Management Associate Program ( 1 2 3... Last Page)
1,459 Replies, 784,925 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,323 Replies, 4,985,374 Views
Career as Teacher ( 1 2 3... Last Page)
10,856 Replies, 6,672,708 Views
Compare civil service salary ( 1 2 3... Last Page)
16,344 Replies, 12,458,748 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,331 Replies, 1,142,660 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
311 Replies, 369,531 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,806 Replies, 1,045,616 Views
Why Is Having a Google Virtual...
1 Replies, 6,793 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,240 Replies, 3,400,110 Views
JP Morgan ( 1 2 3... Last Page)
199 Replies, 173,532 Views
GovTech ( 1 2 3... Last Page)
5,163 Replies, 2,165,151 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,050 Replies, 440,872 Views
Mining Industry ( 1 2 3... Last Page)
80 Replies, 74,537 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,340 Replies, 4,773,216 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
171 Replies, 309,691 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
680 Replies, 389,063 Views
Lawyer Salary ( 1 2 3... Last Page)
21,015 Replies, 10,331,847 Views
ST Electronics ( 1 2 3... Last Page)
3,768 Replies, 1,545,583 Views
Is getting a PMP worth it ?
4 Replies, 7,178 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
207 Replies, 134,739 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,903,739 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,437 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,657,830 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 814,071 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,851 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,325,215 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 358,939 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,375,909 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,971 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,739,251 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 06:40 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2