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In 2025, approximately 13.4% of resident households in Singapore reported a monthly market income of S$30,000 or more, nearly

Published July 5, 2026 at 7:31 PM UTC

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In 2025, approximately 13.4% of resident households in Singapore reported a monthly market income of S$30,000 or more, nearly doubling from 7.4% in 2020. This significant increase highlights a growing concentration of wealth among Singaporean families.

**Rising Median Household Income**

The median household market income for resident households reached S$12,446 in 2025, surpassing the S$12,000 mark for the first time. This represents a 3.2% annual increase after adjusting for inflation, up from S$9,099 in 2020. The rise in median income indicates a general improvement in the financial well-being of Singaporean households.

**Income Growth Across Ethnic Groups**

Between 2020 and 2025, all three major ethnic groups in Singapore experienced real income growth. Indian families saw the largest increase at 3.5% per annum, followed by Chinese at 3.1%, and Malay families at 2.3%. In 2025, the median household market income was S$13,382 for Indian families, S$12,969 for Chinese, and S$8,581 for Malay families. This data suggests that while all groups are benefiting from economic growth, disparities remain.

**Employment Trends**

Employment continues to be the primary source of income for Singaporean families, accounting for nearly 80% of total income. The proportion of married couples with both partners working increased from 52.5% in 2020 to 56.6% in 2025. Conversely, households where only the husband was employed decreased from 24.9% to 21% over the same period. These trends reflect evolving family dynamics and economic participation.

**Implications and Considerations**

The substantial rise in high-income households raises questions about income inequality and the accessibility of economic opportunities for all Singaporeans. While the overall median income is rising, the concentration of wealth among a smaller segment of the population may exacerbate social disparities. Addressing these issues requires targeted policies that promote inclusive economic growth and ensure equitable access to opportunities.

**Conclusion**

The near doubling of households earning S$30,000 or more monthly over five years underscores significant economic growth in Singapore. However, it also highlights the need for ongoing efforts to address income inequality and support all segments of the population in achieving financial stability and prosperity.