Comfortable salary singapore reddit. Hey all. 5k for females (depends on ur honours class) during NIE post grad with minimal increment (~$100). Salaries in the finance sector can range from S$100,000 to S$500,000, depending on the position and experience. Rough breakdown for a family of 4 would be: Groceries: $800/mth (buy frozen only. In 2023, the figures had grown to S$5,197 – an increase of approximately 140%. Means the median salary is $4,300. Another RM10K will also be deducted due to EPF employee contributions. Plenty left for savings, investments and other luho like travel. I’m a data engineer with 6 years of experience and I am considering moving to Singapore. I think it's around 40k that I think this family with zero debt could survive but won't be having a good time. The previous one was comfortable but doesn't stimulate me. Yes, most people can take a bit of a salary downgrade, but if it's significant, even if the candidate accepts, they will be trouble, because the last drawn salary is a benchmark and people just cannot find it in themselves to earn below what they believe they are worth (when in fact a salary has often little to do with the person and far more So salary/0. Singapore taxes are extremely low and most graduates in their 30s are comfortable at the median salary levels of around S$5k thereabouts. Mar 21, 2024 · For a comfortable lifestyle in Singapore, aim for a monthly income of ≥$7,000 for individuals or $7,000-$10,000 for couples, covering high living costs from housing ($2,000-$7,000) to healthcare (starting from $80 consultation) and education ($20,000-$40,000 annually for international schools). So likely you don't need that much to be just comfortable. After you have your national adjusted salary, look at cost of living in your target area. 22x the national average. 3k is not enough. Associate pay was admittedly below cohort average. If you're going to remain single and not worry about buying house on land, 80-100k is sufficient to lead a very comfortable lifestyle. It's far from impossible. Salary pays a part but my current job and previous one is in the same range. make home-cooked meals to bring to work. Left my previous job for the current one. But a billionaire will struggle with many problems every second of its life. TBH there’s enough free activities in Singapore for the family so if you don’t eat out much, you can probably get by quite comfortable for under $15k. I rarely eat at fancy places and occasionally travel or go to concerts. What other cost that i need to consider. 3k is very decent for a fresh grad. Don’t mean to sound mean, but that sounds a bit low? I am curious. The median income of Degree holder aged 30-34 years old (annual salary which takes the $6000 figure multiplied by 12): $72,000. 277 votes, 172 comments. This is subjective as there are people who live perfectly fine under 50K but I'd think that amount listed would allow you savings, a decent place in a decent hood, with a choice of amenities. I'm a foreigner, underpaid severely. 189 votes, 163 comments. 5k while in the US the overall average is more than 7k. Many foreigners live in Singapore with much lower salaries and have no trouble surviving. Jun 26, 2023 · From reports on high rental rates to expensive cars, we all know that Singapore isn't the cheapest place to live in. With that, my question is how much do you think is a good monthly salary to live a comfortable life in Singapore. Unless you're eating oily biandang boxes that are 70% rice, 29% vegetables and 1% meat, eating "like a local"means going to the traditional market for vege 292 votes, 189 comments. For example, I see that real estate VAs are offered 600 USD or roughly 33k PHP for their services. Reply reply Would like to know the average salary for those aged 25-30 and how much monthly income would it take to live a reasonable and comfortable live here without any worries. I want to know if this salary is enough to have a comfortable life in Singapore as a single. Also, at the salary increase, each slice has less people in it (eg 19k people between 13,000 and 13,999 and 17k between 14,000 and 14,999), so it realistic to think that between 20,000 and 29,999 there are way more than half of the total. if you live moderately, i reckon you and your wife won't face much trouble managing your monthly expenses. Rent is expensive in Singapore, definitely check Realestate websites to see whether you would be comfortable living in a tiny place at 3k a month or you’ll need to spend significantly more, all factors into your salary expectations. Decent-Walrus-8801. No gender discrimination as far as I can tell. So, I'm quite unfamiliar with the pricing in Singapore yet. I think a comfortable life is Singapore would be: 33% of your salary goes on rent+utilities Your daily expenses are about 40sgd/day You're saving between 1k-2k per month. but if you're willing to share with housemates it will lower your expenses quite significantly for you to continue to party and still lead a pretty comfortable life. To make rightly 90k after tax before tax amount needs to be $135,000. $2-3 for most trips. Ultra cheap, ultra clean and efficient. 5 years here, my current pay has been adjusted to almost double what I earn in the previous company (5 years service btw). Comfortable in the context of Singapore and practicality In Singapore's context and practicality wise, there are different measures of how one measures a 'comfortable life'. I wouldn't deem it to be comfortable though and frankly for me to even envision a "comfortable" wage would certainly be around 100k. As a person who is looking at VA jobs and wants to become a VA, a salary of 60k(roughly 1000 USD) is already comfortable given that most job postings for a general VA I see advertised online are 500-800USD or 28k-44k PHP. A guy with average salary can live life to they fullest. ) Q&A. 50% left after all expenditure will be a very comfortable sum for most people. Or if a flight ticket is $1,500, and it want it to feel like $15 before I truly consider it comfortable, then I also need to earn 100 times my current income. Bear in mind the median figure above is for 30-34, so it comprises of persons older than 30 years old. Hi Reddit Singapore, I realize salary questions may be overdone and asked often, but finding current opinions and info is sometimes tough - and times change so fast that 2011-2012 data can easily be outdated. If you need 300k to be comfortable you should probably reconsider how you define comfortable. Don't let the redditors here fool you otherwise. A place for all your Singapore related questions. Mobile phone: $40/mth (assuming bottom tier $10/mth plans for everyone. So maybe $100k is sufficient. There are several articles on Seedly, The Woke Salary Man and The Simple Sum that dives into the numbers themselves telling you how much you require if you want to: 6. In your opinion, would it be possible for one person living/renting on $130-150k in NY to save around 30% of the income? Alternatively, what salary would you say is a 'paycheck to paycheck' level to cover living expenses? Extremely hard to answer. Welcome to /r/singapore: The place for anything Singapore. food. I would assess long-term goals, personal priorities, and the overall value the new opportunity brings to my career. Salary is important, but it's not the only consideration. Most of them rent a room (1k - 1. You get monthly salary increment each time you pass a paper and once you pass all and get certified, a comfortable five-figure monthly salary is a norm. Percentage of tax per salary package is higher than in Singapore. Firi123. 45 votes, 35 comments. Without any context, how did your salary move over the years? I start first. What are you studying right now though? Uncle can tell you, the easiest way to get a stable, modest yet comfortable salary is computing or We gotta define "comfortable" for me its basically any salary in your location where you can pay rent or mortage with only 30% of your income , so if rent is 1500 then u should make like 7000 a month after taxes 7000, so before taxes thats like over 100K President in MNC company , $15k rental subsidy, salary about $20-25k/ month, excluding other options and perks. So on average around 10k people for each 10k salary "slice" (eg 15,000 to 15,999). 9k-4k now. 3K per month. Which means your salary after tax should be 7500 per month x 12 = 90,000. So since I dont have 20k salary I don’t bother to consider having 3 kids as I dont want to sacrifice my current lifestyle. Took me about 1 year to find a new job but within my 1. After doing this math I realize your salary after rent is actually $5000. But yeah, mid $200k for a family is doing far better than comfortable. The very few outliers are the doctors (business / private sector) who push up the mean. in your opinion, what is the average range of salaries a private GP dentist can make in this current era, given they only work 9-6 for five days a week? Hi redditors, I'm a electronic fresh graduate who landed a job in Singapore as engineer in robotics field. Plus there are usually terms where commission doesn’t get paid out until the candidate hits 6-12 months. really depends on expectations and if u have to pay UK taxes. Reply reply. So New York City is about 2. Anyway my point was that these are well paying jobs, and there are many such positions as well. If you’re a couple 10k/month is pretty comfortable if you don’t have a car. And assuming you get 2 months bonus, so 14 months in total for the year. They said no way, you need more. I asked all my singaporean friends how much one needs to earn in singapore. +$200-$300 after completing ur practicum and you’re officially trained. So $6k is my minimum target. I left as a manager and it was definitely comfortable. If your son qualifies for free education then that will ease your burden a lot. Although, i want to mention that it depends on your salary negotiation. With a partner who's earning nothing, it pushes you to the limit. What I thought was a lot in my early 20s seems impossibly low now. Members Online Coffee chains are crowding Singapore in hopes of jumpstarting their global expansions Well, its quite simple really. Reply reply More replies Only for more senior roles do put a bit more effort to make sure there’s a good fit. So all in all, your yearly net salary will be about RM88K which averages about RM7. Meanwhile, my friends who work as account executive, sales, marketing, research, analyst or those in Management Associate programs are paid from 3k to 4k. The numbers I provided above are not what I'd call comfortable life. Add a kid into the mix and it gets brutal quickly. no fresh food. Some be median salary and comfortable but some can be earning 3x as much but in a pile of debt. Add whatever discretionary spend and savings. food is generally really cheap, as long as you’re willing to eat like locals. 8k is definitely 'enough' although parties and drinks would definitely burn a hole in your pocket here compared to back home. New comments cannot be posted and votes cannot be cast. I got a call from a company and was told their maximum salary budget is SGD 7000/ month. A salary is never comfortable not matter how high paying or low paying it is. They’ll also fight for higher salaries because their commission is usually a percentage of whatever salary you end up being offered. 5k sgd would generally be considered acceptable for a senior dev position. I reckon as a single person in their late 20s a comfortable salary would be 500k a year. but yeah, 5. . It’s all relative though. I grad from NUS Electrical Engineering last July and most companies I interviewed offered me less than 3k. 1. Comfortable salary . You can raise 3 kids with 2k salary with all the financial aid the government gives but then your quality of life will be shit. If you are earning above $72,000 per month at 30 years old, you are above average. I would say most of us make a comfortable living. 247K subscribers in the askSingapore community. Food + rent + bills + other necessary expenses not more than 50% of your income would be nice. It's a comfortable salary and the coworkers… Big 4 does pay well but definitely not at per hour rate. as for your second qn, salaries can fluctuate based on the company n your negotiation skills too. ) Transport: $300/mth (assuming both kids need to bus to school) Home Phone & Wifi: $50/mth. Your yearly gross salary is RM112K. It really depends on yourself and what you want out of a job. On a nominal level, the median salary in Singapore has grown significantly over the past 10 years. If living alone, it gets comfortable above S$8k. Take home salary based on the 2 points above means you probably take home around the same amount in absolute terms in the US and Singapore. Last time I checked, the median salary here is about SGD4. That's the after tax amount. However, the salary increase I would aim for depends on several factors, including current compensation, the industry, the role, and the market conditions. I’m currently in a very comfortable job, superb work life balance, amazing colleagues and coming to work is like… Its not the minimum amount needed to raise 3 kids in Singapore. hi! im a jc student who's considering my career options. 7K in taxes. Closer to the 100K mark if you have a lot of debts. slightly higher if you’re a male. Hi all, How comfortable would a family of two be on a pre-tax income of S$270k? Thanks, EDIT: This is an annual income It's weird comparing reddit because people use "rich" to describe "eating filet on your yacht every night" and "not having to skip meals," often in the same thread. 5k) and take public transport. If you are in tech, it's employee's market now. 5 room HDB is easily doable if you get as a couple. The finance sector in Singapore offers competitive salary packages for expatriates. Can save at least 50% + have enough to eat out twice a week, grab etc. 1M subscribers in the singapore community. I’d say S$5k will make you very comfortable here if you’re living with housemates. Living in Singapore temporarily. But how much should one be earning so they'd have a comfortable life here? For Mar 11, 2024 · Singapore salary trends over the years. So if you make 50k a year, your national adjusted is about 60k a year. Don't be afraid. 248K subscribers in the askSingapore community. A small percentage of San Franciscans actually make that much, and most are significantly older than 22. If you can't manage money there is no comfortable amount. I want mine to be more satisfying and not braindead, just clocking hours. At this point, we are left with around $600 a month for various things like alcohol, and clothing. but they recently revised teacher’s salaries so it’s around 3. That means yearly you will be paying RM13. So my question: I'm pondering a move to Singapore with a large software company. Because even now HDB rent in Singapore for just an ok room can be about SGD1000+ so just for a room that’s almost a fifth of your salary before tax. It means if you take home 4k SGD, you maybe also take home 4k USD. many say dentistry is a lucrative career, but information online states a median salary of $4+. Getting around - public transport for sure. Car is a bit extra in Singapore I feel. According to the GES, the median starting salary for an engineering student in singapore is $4. 18 votes, 18 comments. This is the salary you'd use if you were comparing with someone else in New York for instance. 2M subscribers in the singapore community. go to medical school, graduate. Salary-wise, it's all very possible to do it in Singapore, whether ITE or diploma. Archived post. We have the same social circle salary range / MNC / middle of Orchard building corporate office and I agree with this range. Looking for advice here. An insurance agent friend $1m-4m/ year…. We are already at $10,850 for a single person in Singapore. I would say I earn a median salary for my level of experience. that's a great way to look at it in percentage terms. 3 years ago with a degree starting was ~3. So is $4k enough? They said probably, so finally i said is $6k good? They said good enough. I assume you have a car in Malaysia, and that would be very difficult to have in Singapore. If $50 is what you'd be comfortable spending, then your income must be 100 times higher than it is now to feel that comfortable buying it. Adding to that, the cost of eating out, travelling occassionally, and driving a nice car (which means insurance + garage/parking expenses), you definitely need to pull a much higher than $160k salary. 3400>3600>3800>4100>4300>5200>5400 For a 4 person family with one working spouse, I would say $50,000 is enough to get by, just not extremely comfortably. 2k (about 163k in pesos). maybe do a bit more research on typical salaries in singapore? that might give ya a better idea. With the housing prices and car prices skyrocketing, it seems like just earning a monthly salary of $4. And to be approved for these comfortable apartments, you salary has to be x40 times of the rent. I said is $10k enough in singapore which they said hell yes! Then i said is $2k enough. I would think 80-100K to live comfortably with dream amenities in most places. I guess there’s a perception that doctors make tons of money. My take home will be roughly ~$4500 after taxes, with what I've heard, I should be fine to find a place to rent within my budget $1700 - 2200, this can work within my budget - I'm still early in my career > 2 years experience and expect my salary to grow over the years. Data from the Ministry of Manpower (MOM) places the median gross monthly income at S$3,705 in 2013. My starting salary is $3500 and i have to pay rent for $900 and other commitments that is around $1400 to my hometown. But, my definition of comfort may differ from most, I believe in Columbus calculating by averages in living and expenses anywhere from 60-80k would be deemed a "comfortable" wage. If your interest in the work is more important to you then getting the best possible salary then I suggest you go for it. I've been at the company I'm at now for almost 5 years. It is also so age dependent. 85=adjusted salary. This isn't quite accurate. •. Like what others mentioned, it could be really no life as your salary increment really depends on whether you could pass all papers. 215 votes, 411 comments. Jan 4, 2024 · The salary expectations for finance sector expats in Singapore align with the high cost of living, offering the potential for a comfortable lifestyle. TO OP of this thread: 7k is quite comfortable as a Singaporean. Singapore is one of the most expensive city in the world for expats for a reason. hwcrxi jsumxc ceiis cqo lfdznqw pdid vabnluz dwebhr aqz efj