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