Quick Answer: Is 120k A Good Salary In Singapore?

What salary do you need to live comfortably in Singapore?

What Jobs Earn These Levels of Income.

In order to comfortably afford a 4-room HDB flat in some of Singapore’s most expensive neighborhoods, it is necessary to earn about S$100,000 per year..

What is a high paying job in Singapore?

Top 15 Highest Paid Jobs in SingaporeSpecialist Medical Practitioner (Medical) … General Practitioner/Physician. … In-house legal counsel (except judiciary, ministries and statutory boards) … Trade and ship broker. … Foreign Exchange Dealer/ Broker. … University Lecturer. … Chief Operating Officer/ General Manager. … Chief Information Officer/Chief Technology Officer.More items…

How much is rent in Singapore?

Paying Guest Rent for a room in a private apartment in prime districts such as East Coast, River Valley and Chinatown costs approximately S$800 – S$1,800. Monthly room rental in an HDB flat can range anywhere between S$500 to S$800 depending upon the location and size of the room.

What is a good salary for a family of 4 in Singapore?

175K per annumFamily of 4 – Salary of 175K per annum sufficient in SG.

Is 10k a good salary in Singapore?

10k SGD is sufficient for family of 3, consisting of you, your child & your spouse. … So is 10K sgd sufficient? i would say yes, it’s more than enough, your salary itself also exceed the median gross household income at 8–9k.

Why is Singapore so rich?

Singapore is one of the richest countries in the world to date and the country’s success can be attributed to former Prime Minister Lee Kuan Yew’s foresight and wisdom. His strong financial and economic policies ensure a corruption-free environment in the government.

What is a good salary in Singapore?

Some estimates on how much the average Singaporean is paid monthly puts the figure at over USD$6,000. But a more realistic average would be the most presented by Paylab–, which has the average employee in Singapore earning approximately US$3900.

Is 8000 SGD good salary?

8000 is more than enough. average singaporean graduate at 27 is making only 3500 if you are lucky, and 3000 if you are unlucky.

What is considered rich in Singapore?

Those who may be considered “crazy rich” – ultra high net worth individuals who hold more than US$50 million (S$68.9 million) in wealth – number about 1,000 in Singapore, a 1.1 per cent increase, said Credit Suisse.

What is considered poor in Singapore?

Currently, while Singapore has no acceptable measure of poverty, they consider any four person household that makes less than $1,250 per month as somewhat struggling. The $1,250 figure is considered the average a four person household would typically spend on food, clothing and shelter per month.

Is 200k good salary in Singapore?

First, congrats for receiving a good package in terms of salary benefits from a Singapore based company. 200k per annum would be considered a good to very good offer. As you don’t have children and you are not a party goers so the overall expenses would be at lower side.

How much do you need to earn to survive in Singapore?

In Singapore, if you are single, you should minimally be able to earn $2,000. If you want to start a family, you and your partner should at least earn an average of at least $3,500 each. If not, life will be tough.