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by OrangeTee & Tie Pte Ltd.

Share of households in condos, apartments up almost 5 percentage points as proportion in HDB flats s

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Singapore, 18 Jun 2021

HOUSEHOLD incomes continued to rise in both real and nominal terms over the last decade, with a significant spike in households at the top end, according to data released on Friday by the Department of Statistics. (see amendment note)

The median monthly household income from work rose 3.3 per cent per annum - or 1.9 per cent in real terms - to S$7,744 in 2020, up from S$5,600 in 2010, as shown in the second of two statistical releases from the Census of Population 2020.

The increase was even more pronounced for median monthly household income per household member. This rose 4.2 per cent per annum - or 2.8 per cent in real terms - to S$2,463 in 2020, from S$1,638 before.

Notably, there was a sharp rise in households earning S$20,000 and more. These now account for 13.9 per cent of households, more than doubling from 6.6 per cent previously.

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