Average Salary in Singapore: A Quick Guide for HR
& Payroll Teams
Understanding the average salary in Singapore is essential for HR managers, payroll teams,
and business leaders. It helps organizations plan hiring budgets, forecast payroll costs, and set
compensation that matches market expectations.
The Singaporean labour market is constantly changing, driven by the active economic
development, swift technological change and demand shift in the critical sectors of the economy.
In this guide, the average salary is disaggregated by displaying the data on salary data by
industry and level of experience. It is especially significant to HR-managers and payroll
professionals who will be determined to harmonize the payment packages with the current
market trends.
Key Takeaways (At a Glance)
● The average salary in Singapore is projected to reach SGD 6,282 per month in 2026.
● The median monthly salary is estimated at around SGD 5,800, showing a 5.5 percent
year-on-year increase.
● Primary industries, including IT, finance, and healthcare, are still paying above the
national average.
● Experience in AI, data science, and cybersecurity is prompting significant improvement
in wages.
● Remuneration rates of the HR practitioners are also soaring, which is a reflection of the
growing importance of the HR field in organizations.
What is the Average Salary in Singapore?
The average salary in Singapore refers to the mean income earned by employees across the
country. The mean salary is calculated by adding all the earnings and dividing the total number
of employees by the sum of the earnings. However, this figure can be influenced by very high
earners; thus, most HR experts also look at the median, which becomes a more accurate
representation of average income.
Average Salary Overview
In 2026, Singapore’s average monthly salary is expected to be around SGD 6,282, which
means that the country will need a growing number of professionally qualified workers. This
figure includes employer CPF contributions but excludes bonuses and additional benefits.
With the continued upward trend in the areas of technology, finance, and healthcare, the
average wage in Singapore is expected to continue rising, and some projects suggest that it
could rise even more to SGD 6,750 in 2026. The mean salary shows significant variability
across industries, experience levels, and company sizes, indicating that these factors should be
carefully considered when analyzing compensation.
Average vs. Median Salary: Why It Matters
Understanding the difference between average and median salary is critical for accurate salary
planning, which offer different views of earnings for the whole labor force.
Average (Mean) Salary
The average salary is the total of all workers divided by the number of workers. High-income
earners can push this number upward and resulting in an average that is higher than what one
would expect a typical worker to earn. Using the example, a small group of highly paid experts
in a certain field can set the average wage that surpasses the income levels of most
professionals in the branch.
Based on 2026, the average salary will come at SGD 6,282 per month, which will show a stable
upward trend as compared to the previous years.
Median Salary
The median salary, on the other hand, is the average one in a given situation where the
salaries are arranged in a fixed order of ranking. Fifty percent of workers earn over this amount
and fifty percent less than it. Because it remains unaffected by outliers, the median salary
typically provides a more accurate representation of the worker's average wage. In 2026,
Singapore is projected to have a median of about SGD 5800 per month, which means a 5.5%
growth as compared to 2025.
2026 Singapore Average Monthly Salary Guide
The average salary in Singapore varies significantly between different fields, jobs, and levels of
experience. The table below summarizes the estimate of the variety of high-profile industry
salaries in 2026:
Industry/Sector
In-Demand Roles
Monthly Salary Range
(SGD)
Technology & Digital
Software Engineers, Data Analysts
$6,000–$9,000
Finance & Banking
Fintech, Risk Management, Wealth
Managers
$7,000 – $13,000+
Healthcare & Life
Sciences
Clinical Specialists, Regulatory
Experts
$5,000–$9,000
Engineering
Civil, Mechanical, Electrical
Engineers
$4,500–$8,000
Sales & Marketing
Digital Marketers, E-commerce
Specialists
$5,000–$9,000
These statistics demonstrate how the base average salary in Singapore varies in various
industries, where jobs in technology and finance tend to produce wages higher than the national
average.
2026 Singapore Median Monthly Salary Guide
The subsequent description provides a more comprehensible view of the median worker's
income, which is not highly affected by high earners.
Median Salary by Experience Level (2026)
Level
Median Salary Range (SGD)
Entry Level (<2 Years)
$4,000–$5,000
Mid-Career (2–5 Years)
$6,000 – $8,000
Senior (>5 Years)
$9,000+
Median Salary by Job Category
Position Title
Median Salary Range (SGD)
Managers & Directors
$11,000+
Professionals
$8,500–$10,000
Associate Professionals &
Technicians
$5,000–$7,000
Clerical Support Workers
$3,500–$4,000
This data provides a snapshot of the median salary in Singapore across various experience
levels and job categories.
Factors Affecting Salary Levels in Singapore
There are a number of determinants to the average salary in Singapore such as:
Experience & Seniority
Generally, higher experience leads to higher pay. The salaries received by professionals who
have more than five years of experience are likely to be 30-50 percent higher than those of
employees with entry-level job positions in their specific fields. Senior roles command higher
salaries due to greater responsibility and expertise.
Education & Skills
A good level of education and professional skills might also greatly contribute to the salary.
Degrees in data science, AI, and cybersecurity, as well as engineering, are especially valuable
in Singapore, and the average salaries of specialists in the given sphere are usually higher than
typical ones. Postgraduate degrees and certifications are also beneficial to widen the earning
potential.
Industry Demand
Industries with high growth rates or with some skilled labor deficits, like in IT, finance, and
healthcare, offer higher salaries to attract a skilled workforce. The talent requirement in certain
industries has a significant effect on the competitive average salary in Singapore, and the tech
and finance sectors are always better paid.
Company Size & Location
Some organizations, especially bigger organizations and Multinational Companies (MNCs) are
likely to pay more and provide more benefits than the small organizations. In addition to that,
companies that are located in the Central Business District (CBD) of Singapore or other
geographically strategic positions tend to offer higher pay.
How the Latest Salary Trends Shape HR & Payroll Planning
HR teams must align salary structures with market benchmarks and informed decision-making
on budgetary and salary increases to gain an understanding of the current average salary in
Singapore. The HR professionals can ensure that their organizations are aligned to the
current-day salaries by tracking the current market trends of salary increases so that they can
retain the best talent.
Salary Structuring & Budgeting
HR teams should make sure that their salaries are always at the same level as the industry
rates so as to remain competitive. The need to know the remuneration scale average salary in
Singapore makes it easier to devise a fair and competitive (wage) list. Moreover, it ensures that
the salary budgets are in line with current market trends, thereby reducing employee
dissatisfaction with their wages.
Talent Retention
High turnover of employees is costly. By tracking the average salary in Singapore, organizations
can manage pay gaps more effectively and deploy proactive strategies to retain the best
employees. competitive salaries are yet another strategy that can be used to retain employees,
particularly in an industry that is in demand.
Attracting Top Talent
Understanding the average salary in Singapore can allow HR professionals to make convincing
packages that appeal to the best employees. One of the best ways to make an organization a
preferred employer in the competition in the job market is through competitive compensation.
Conclusion
The median income that prevails as the average salary in Singapore is on the rise; the dynamic
economy and the increased demand of professionals are the forces behind the salary. Knowing
the average pay allowance, the HR is able to determine that the salary package is competitive,
clear, and in line with the industry average. Having the appropriate data available, the HR
departments have been able to better plan the salary increment, design competitive
compensation packages, and attract and retain the best talents. Staying informed ensures
organizations remain competitive in Singapore’s evolving job market.
For more insights and expert HR guidance, visit HajirHR.
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