Updated: 02/18/2014 21:48

Median household income grew



Median household income grew

Median household income from work grew by nominal and real terms last year. 

It rose by 4 per cent in nominal terms and 1.6 per cent in real terms to $7,870.

These figures were reflected in the Key Household Income Trends report, released by the Singapore Department of Statistics today. 

Over the last five years, median monthly household income rose by 11 per cent in real terms. 

Also in the report, government schemes have aided households staying in more modest homes such as 1- and 2-room HDB flats. 

On average, these households received $8,360 per household member last year. 

That's up from $7,210 in 2012. 

The Gini coefficient, a measure of income inequality, fell from 0.463 to 0.412 last year, after taking into account government transfers and taxes.

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