Exploring Salaries and Cost of Living in Singapore
This article summarizes a series of interviews conducted in Singapore, exploring what people do for a living, their monthly income, and whether that income is sufficient to cover their expenses. The interviews revealed a diverse range of professions and income levels, highlighting the varying experiences of individuals living in Singapore.
Employment and Income
Diverse Professions
The interviews captured responses from individuals working in a variety of sectors, including:
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IT
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Logistics
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Trading/Currency exchange
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Crypto Industry
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Tattoo artistry
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Shipping (oil and gas)
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Teaching
Salary Ranges
The reported monthly income varied significantly among those interviewed. The range spanned from SGD 1,000 to SGD 10,000, and even higher in some cases. One individual in the crypto industry reported an annual income of over SGD 100,000. A trader mentioned potentially earning around SGD 8,000 per month, but sending half of it to support their parents.
Satisfaction with Earnings
While some respondents were content with their income and found it sufficient to cover their bills, others expressed a desire to earn more, even if they were currently comfortable. One respondent stated, "Everybody is not happy with what they're earning so always good to earn better earn more but it's comfortable." Another mentioned earning between SGD 5,000 and SGD 7,000 as a tattoo artist and making it work.
Cost of Living and Expenses
Covering Bills
Most respondents indicated that their income was sufficient to cover their bills. However, one former teacher noted that it depends heavily on lifestyle choices. A simpler lifestyle would allow for the salary to cover the bills, where are a lifestyle full of "eating out and poting" could make it difficult.
Spending Habits
One respondent humorously stated that they spent most of their money on food, reflecting Singapore's reputation as a haven for food lovers.
Challenges in Gathering Data
The interviewer noted that it was challenging to gather responses, as many people were unwilling to disclose their income or answer questions. This reluctance highlights the sensitivity surrounding financial matters.
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