Forums - View Single Post - How much are you earning per annum?
View Single Post
  #2369 (permalink)  
Old 17-05-2013, 05:17 PM
Posts: n/a

Originally Posted by Unregistered View Post
$3K monthly income may be the median but according to the latest report, the per capita income in Singapore is $65K pa. Quote from the report :-

"Singapore has one of the highest concentrations of millionaires relative to its population, but the city-state's per capita income of more than S$65,000 in 2012 masks a sharp income gap between the richest and poorest"

Per capita income mean income per person. So for a family of 4, that implies a household income of $260K pa.
The per capita income is skewed by top earners. The report already said that the per capita income masks a sharp income gap between the richest and poorest. The median wage, not the average wage, is a better indicator of what most people earn.
Reply With Quote