29 Feb '16, 3am

#singapore #property Median household income on the rise: Singapore’s median household ...

Singapore’s median monthly household income from work rose to $8,666 in 2015 from $8,292 in the previous year, revealed data published by the Department of Statistics (SingStat) on Friday (26 Feb). This represents a rise of 4.5 percent in nominal terms. With inflation taken into account, this translates to a gain of 4.9 percent in real terms, according to the agency’s annual Key Household Income Trends survey. In comparison, the median monthly household income from work climbed 3.8 percent per annum in real terms from 2010 to 2015, resulting in a cumulative gain of 20.4 percent. Household income from work includes employer CPF contributions. “Taking household size into account, median household income from work per member recorded a 5.0 percent nominal growth or a 5.4 percent real growth in 2015,” said SingStat. This occurred amidst a tight labour market and higher employe...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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