Comfortable salary singapore reddit. Associate pay was admittedly below cohort average. It's far from impossible. 215 votes, 411 comments. 8k is definitely 'enough' although parties and drinks would definitely burn a hole in your pocket here compared to back home. Plenty left for savings, investments and other luho like travel. And to be approved for these comfortable apartments, you salary has to be x40 times of the rent. 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 would assess long-term goals, personal priorities, and the overall value the new opportunity brings to my career. 7K in taxes. 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. 247K subscribers in the askSingapore community. Welcome to /r/singapore: The place for anything Singapore. 5 years here, my current pay has been adjusted to almost double what I earn in the previous company (5 years service btw). A salary is never comfortable not matter how high paying or low paying it is. According to the GES, the median starting salary for an engineering student in singapore is $4. Most of them rent a room (1k - 1. 1. This is the salary you'd use if you were comparing with someone else in New York for instance. 5k sgd would generally be considered acceptable for a senior dev position. 248K subscribers in the askSingapore community. ) Q&A. Another RM10K will also be deducted due to EPF employee contributions. 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. 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. really depends on expectations and if u have to pay UK taxes. Anyway my point was that these are well paying jobs, and there are many such positions as well. 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. I rarely eat at fancy places and occasionally travel or go to concerts. Ultra cheap, ultra clean and efficient. Left my previous job for the current one. Salary pays a part but my current job and previous one is in the same range. 45 votes, 35 comments. It's a comfortable salary and the coworkers… Big 4 does pay well but definitely not at per hour rate. Firi123. 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. Salary is important, but it's not the only consideration. The finance sector in Singapore offers competitive salary packages for expatriates. They said no way, you need more. 5 room HDB is easily doable if you get as a couple. 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. Looking for advice here. 5k while in the US the overall average is more than 7k. It’s all relative though. as for your second qn, salaries can fluctuate based on the company n your negotiation skills too. but they recently revised teacher’s salaries so it’s around 3. That's the after tax amount. 2M subscribers in the singapore community. ) Transport: $300/mth (assuming both kids need to bus to school) Home Phone & Wifi: $50/mth. If you are earning above $72,000 per month at 30 years old, you are above average. many say dentistry is a lucrative career, but information online states a median salary of $4+. But a billionaire will struggle with many problems every second of its life. Hey all. •. Reply reply More replies Only for more senior roles do put a bit more effort to make sure there’s a good fit. After you have your national adjusted salary, look at cost of living in your target area. 85=adjusted salary. I’m a data engineer with 6 years of experience and I am considering moving to Singapore. 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. Data from the Ministry of Manpower (MOM) places the median gross monthly income at S$3,705 in 2013. 5k for females (depends on ur honours class) during NIE post grad with minimal increment (~$100). 3 years ago with a degree starting was ~3. 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. So, I'm quite unfamiliar with the pricing in Singapore yet. If you’re a couple 10k/month is pretty comfortable if you don’t have a car. The numbers I provided above are not what I'd call comfortable life. Salaries in the finance sector can range from S$100,000 to S$500,000, depending on the position and experience. So is $4k enough? They said probably, so finally i said is $6k good? They said good enough. Reply reply. To make rightly 90k after tax before tax amount needs to be $135,000. That means yearly you will be paying RM13. What I thought was a lot in my early 20s seems impossibly low now. Add a kid into the mix and it gets brutal quickly. go to medical school, graduate. 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. On a nominal level, the median salary in Singapore has grown significantly over the past 10 years. +$200-$300 after completing ur practicum and you’re officially trained. I think it's around 40k that I think this family with zero debt could survive but won't be having a good time. 18 votes, 18 comments. Living in Singapore temporarily. 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. but yeah, 5. Singapore taxes are extremely low and most graduates in their 30s are comfortable at the median salary levels of around S$5k thereabouts. 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. No gender discrimination as far as I can tell. Mobile phone: $40/mth (assuming bottom tier $10/mth plans for everyone. At this point, we are left with around $600 a month for various things like alcohol, and clothing. Archived post. Closer to the 100K mark if you have a lot of debts. Like what others mentioned, it could be really no life as your salary increment really depends on whether you could pass all papers. It is also so age dependent. no fresh food. I want to know if this salary is enough to have a comfortable life in Singapore as a single. An insurance agent friend $1m-4m/ year…. Took me about 1 year to find a new job but within my 1. 3k is not enough. hi! im a jc student who's considering my career options. We have the same social circle salary range / MNC / middle of Orchard building corporate office and I agree with this range. Rough breakdown for a family of 4 would be: Groceries: $800/mth (buy frozen only. Meanwhile, my friends who work as account executive, sales, marketing, research, analyst or those in Management Associate programs are paid from 3k to 4k. 50% left after all expenditure will be a very comfortable sum for most people. food is generally really cheap, as long as you’re willing to eat like locals. I assume you have a car in Malaysia, and that would be very difficult to have in Singapore. Decent-Walrus-8801. Although, i want to mention that it depends on your salary negotiation. TO OP of this thread: 7k is quite comfortable as a Singaporean. 3k is very decent for a fresh grad. So my question: I'm pondering a move to Singapore with a large software company. I would think 80-100K to live comfortably with dream amenities in most places. Members Online Coffee chains are crowding Singapore in hopes of jumpstarting their global expansions Well, its quite simple really. They’ll also fight for higher salaries because their commission is usually a percentage of whatever salary you end up being offered. $2-3 for most trips. 22x the national average. If you are in tech, it's employee's market now. Salary-wise, it's all very possible to do it in Singapore, whether ITE or diploma. Add whatever discretionary spend and savings. Comfortable salary . A small percentage of San Franciscans actually make that much, and most are significantly older than 22. Some be median salary and comfortable but some can be earning 3x as much but in a pile of debt. 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'. Without any context, how did your salary move over the years? I start first. I've been at the company I'm at now for almost 5 years. 1M subscribers in the singapore community. With a partner who's earning nothing, it pushes you to the limit. Means the median salary is $4,300. I got a call from a company and was told their maximum salary budget is SGD 7000/ month. Your yearly gross salary is RM112K. 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). 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. I asked all my singaporean friends how much one needs to earn in singapore. 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. If your interest in the work is more important to you then getting the best possible salary then I suggest you go for it. that's a great way to look at it in percentage terms. So New York City is about 2. 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. 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. So on average around 10k people for each 10k salary "slice" (eg 15,000 to 15,999). So likely you don't need that much to be just comfortable. Last time I checked, the median salary here is about SGD4. So if you make 50k a year, your national adjusted is about 60k a year. if you live moderately, i reckon you and your wife won't face much trouble managing your monthly expenses. 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. Percentage of tax per salary package is higher than in Singapore. Many foreigners live in Singapore with much lower salaries and have no trouble surviving. My starting salary is $3500 and i have to pay rent for $900 and other commitments that is around $1400 to my hometown. I want mine to be more satisfying and not braindead, just clocking hours. With the housing prices and car prices skyrocketing, it seems like just earning a monthly salary of $4. If you need 300k to be comfortable you should probably reconsider how you define comfortable. 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. 9k-4k now. Food + rent + bills + other necessary expenses not more than 50% of your income would be nice. I wouldn't deem it to be comfortable though and frankly for me to even envision a "comfortable" wage would certainly be around 100k. It really depends on yourself and what you want out of a job. However, the salary increase I would aim for depends on several factors, including current compensation, the industry, the role, and the market conditions. 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. 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. I’d say S$5k will make you very comfortable here if you’re living with housemates. Plus there are usually terms where commission doesn’t get paid out until the candidate hits 6-12 months. slightly higher if you’re a male. food. For example, I see that real estate VAs are offered 600 USD or roughly 33k PHP for their services. 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. 189 votes, 163 comments. make home-cooked meals to bring to work. Can save at least 50% + have enough to eat out twice a week, grab etc. 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. With that, my question is how much do you think is a good monthly salary to live a comfortable life in Singapore. 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. 3K per month. And assuming you get 2 months bonus, so 14 months in total for the year. But yeah, mid $200k for a family is doing far better than comfortable. 2k (about 163k in pesos). If you can't manage money there is no comfortable amount. Bear in mind the median figure above is for 30-34, so it comprises of persons older than 30 years old. The very few outliers are the doctors (business / private sector) who push up the mean. This isn't quite accurate. 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. 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. I would say I earn a median salary for my level of experience. Don't let the redditors here fool you otherwise. 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. Singapore is one of the most expensive city in the world for expats for a reason. maybe do a bit more research on typical salaries in singapore? that might give ya a better idea. Getting around - public transport for sure. 5k) and take public transport. 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. We are already at $10,850 for a single person in Singapore. In 2023, the figures had grown to S$5,197 – an increase of approximately 140%. 277 votes, 172 comments. I left as a manager and it was definitely comfortable. I would say most of us make a comfortable living. Don't be afraid. 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. What other cost that i need to consider. 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. If your son qualifies for free education then that will ease your burden a lot. A guy with average salary can live life to they fullest. I guess there’s a perception that doctors make tons of money. Car is a bit extra in Singapore I feel. I reckon as a single person in their late 20s a comfortable salary would be 500k a year. The median income of Degree holder aged 30-34 years old (annual salary which takes the $6000 figure multiplied by 12): $72,000. I said is $10k enough in singapore which they said hell yes! Then i said is $2k enough. 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. I'm a foreigner, underpaid severely. The previous one was comfortable but doesn't stimulate me. Don’t mean to sound mean, but that sounds a bit low? I am curious. A place for all your Singapore related questions. If living alone, it gets comfortable above S$8k. 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. 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. I grad from NUS Electrical Engineering last July and most companies I interviewed offered me less than 3k. Which means your salary after tax should be 7500 per month x 12 = 90,000. So $6k is my minimum target. New comments cannot be posted and votes cannot be cast. After doing this math I realize your salary after rent is actually $5000. So maybe $100k is sufficient. So all in all, your yearly net salary will be about RM88K which averages about RM7. . It means if you take home 4k SGD, you maybe also take home 4k USD. bcvhh fkvrkmlc gzesgb pncv kdqfu nhj djxb dupuf sdcq ngqko