Median household income up 7.5% in 2012

SINGAPORE: The median income from work for households grew in 2012 by 7.5 per cent in nominal terms, and 2.7 per cent in real terms after taking into account inflation.

According to the Department of Statistics' latest report "Key Household Income Trends", household median income rose by S$530 -- from S$7,040 in 2011 to S$7,570 in 2012.

Taking into consideration changes in household size, median monthly household income from work per household member increased by 6.7 per cent in nominal terms, or 1.9 per cent in real terms in 2012.

- CNA/al