Median household incomes in Singapore up in 2012

HRM 21 Feb 2013

The median household income from work has gone up in 2012, following the trend that has been taking place over the last five years, according to the Singapore Deaprtment of Statistics’ latest report Key Household Income Trends, 2012.

Among resident employed households, median monthly household income from work increased from $7,040 in 2011 to $7,570 in 2012, a 2.7% growth in real terms. Taking into consideration changes in household size, median monthly household income from work per household member went up by 1.9% in real terms last year.

Over the last five years from 2007 to 2012, the median monthly household income from work per household member of resident employed households rose by 13% in real terms.

However, the Gini coefficient – the measure for income inequality – increased slightly from 0.473 in 2011 to 0.478 to 2012.

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