Quote:
Originally Posted by bamboozled
Hi,
I have been working in New Delhi in an Indian IT firm and getting SGD 5,700 per month. I have been offered a salary of SGD 10,000.
Is it a good salary by Singaporean standards? Is it a lucrative offer in Singapore?
In India SGD 5700 is more than a good salary and I can afford to maintain a house, a car , my wife and 2 kids.
|
For a fair comparision, we use the international established PPP purchasing power parity to compare as this account for cost of living.
PPP Singapore (1.08): your proposed sg salary is 10000sgd, converting to PPP is 9300 intl dollar. (10000/1.08)
PPP India (17.04), your current indian salary is 5700sgd or 290000inr. converting to PPP is 170000 intl dollar. (290000/17.04)
from 170000 to 9300 intl dollar, you effectively take a 45% pay cut in view of Singapore being more expensive.
A toyota altis in Singapore cost $90,000sgd.
Hard to maintain the usual standard of living. I would ask your company to offer another 10000sgd, so that your montly is 20000sgd if you want to have a car and send your kids to good school. You can justify with my calculations using PPP.