main cloud
cloud cloud cloud cloud cloud
buildingcalendar
moneymoneymoneymoneymoney
coincoincoincoinsinglesingle
paper
hand right
money

HOUSEHOLD EXPENDITURE SURVEY 2023

Household

Income

legend

2012/13
2017/18
2023

AVERAGE MONTHLY HOUSEHOLD INCOME FROM ALL SOURCES*

Per Household

Per Household

In 2023, average monthly household income from all sources rose to $15,473 in 2023, up from $12,661 in 2017/18, or 4.1% per annum.

Per Member

Per Member

On a per household member basis, average monthly household income rose at a similar rate from $4,246 in 2017/18 to $5,197 in 2023.

Income from paid employment remained the largest source of income among households. In 2023, it accounted for 71.9% of total household income.

COntribution To Total HOUSEHOLD INCOME From All Sources

elderlyelderly

AMONG RESIDENT HOUSEHOLDS COMPRISING SOLELY NON-EMPLOYED PERSONS 65 YEARS AND OVER

By Income Groups**

By income group, average monthly household income increased for all income groups between 2017/18 and 2023. Across income quintiles, income grew by 3.0 to 4.4% per annum in nominal terms. Households in the middle-income group (i.e. 41st to 60th percentile) registered the highest income growth among all income groups.

By Type of Dwelling

By housing type, households living in landed properties experienced the highest income growth, at 6.0% per annum.

4_bg_group

Average Annual Change in Average Monthly Household Income

Footnotes

  • Income data include employer CPF contributions.
  • Based on ranking of all resident households by their monthly household income from all sources per household member (including employer CPF contributions).
  • Includes HDB Studio Apartment.
  • Others include income from pension, social assistance, regular payments from insurance protection policies and regular government transfers.
Download

Download the HES 2023 Publication for more data and analyses on

Singapore's household expenditure.