Median income of full-time local workers spikes in 2015

It’s now up to $3,949 from last year’s $3,000.

Median income of full-time local workers grew robustly in 2015 amid the tight labour market and manpower shortage, according to the Ministry of Manpower.

Including CPF contributions, the median income of full-time employed residents spiked 32% to $3,949 in 2015 from $3,000 in 2010 nominal terms, or 5.7% per annum.

Nominal median monthly income from work of full-time employed residents, including CPF contributions, inched up 4.7% over the year to $3,949 in June 2015. After adjusting for negative inflation, preliminary figures revealed that real median income grew at an increased pace of 5.4%.

Income at the 20th percentile witnessed a considerable hike as well over the past half-decade. Amid ongoing initiatives to bolster the income of low-wage workers, income at the 20th percentile of full-time employed residents surged by 26% to $2,0129 in 2015 from $1,600 in 2010 in nominal terms, or 4.7% p.a.

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