Singapore Monaco

Updated 2026-06-01

Singapore

No statutory minimum wage

Avg. Gross Salary

S$5,800 /mo

Monaco

Minimum Wage

€11.88 /hr

$13.83 USD

Avg. Gross Salary

€4,931 /mo

Avg. salary: -21% Singapore vs Monaco

Singapore has no statutory minimum wage, while Monaco sets a floor of $14/hr. Average salaries are lower in Singapore at $4,539/mo compared to $5,742/mo in Monaco.

Detailed Comparison

Detailed wage comparison between Singapore and Monaco
Metric	Singapore	Monaco	Diff
Minimum wage /hr	None	€11.88 $13.83	—
Minimum wage /mo	None	€2,008 $2,338.42	—
Minimum wage /yr	None	€24,096 $28,061.02	—
Avg. gross salary /mo	S$5,800 /mo $4,539.05	€4,931 /mo $5,742.40	-21.0%
Avg. net salary /mo	S$4,930 /mo $3,858.19	€4,300 /mo $5,007.57	-23.0%
Median individual income /yr	S$66,000 /yr $51,651.28	€40,068 /yr $46,661.23	+10.7%

Percentage differences are based on USD equivalent values. Positive means Singapore is higher.

Work Week

Singapore: 44 hrs/wk standard

Max 44 hrs/wk

Overtime : 1.5x pay

Employment Act caps at 44 hours/week (8 hrs/day for 5-day week, or 9 hrs/day for fewer days). Overtime pay at 1.5x hourly basic rate, applies to non-workmen earning up to SGD 2,600/mo and workmen earning up to SGD 4,500/mo. Maximum overtime: 72 hours/month.
Monaco: 39 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.25x pay

Standard workweek is 39 hours, aligned with French labor standards. Maximum 48 hours including overtime. Overtime premium: 25% for first 8 hours above 39, 50% thereafter. Night work and Sunday work attract additional premiums per sector agreements. Mandatory rest of 11 consecutive hours between shifts.

What This Means for Workers

Standard work weeks differ: Singapore mandates 44 hours while Monaco mandates 39 hours.

See this comparison from Monaco's perspective: Monaco vs Singapore

Compare Singapore with...

Singapore vs United States $ 7.25 /hr

Singapore vs China ¥ 25 /hr

Singapore vs Germany € 13.9 /hr

Singapore vs United Kingdom £ 12.71 /hr

Singapore vs India ₹ 4,576 /mo

Singapore vs Japan ¥ 1,121 /hr

Singapore vs France € 12.02 /hr

Singapore vs South Korea ₩ 10,320 /hr

Singapore vs Canada C$ 18.1 /hr

Singapore vs Australia A$ 24.95 /hr

Singapore vs Brazil R$ 7.37 /hr

Singapore vs Russia ₽ 156.31 /hr

Singapore vs Mexico MX$ 9,583.52 /mo

Singapore vs Indonesia Rp 33,058 /hr

Singapore vs Netherlands € 14.71 /hr

Singapore vs Saudi Arabia ﷼ 23.08 /hr

Singapore vs Turkey ₺ 164.94 /hr

Singapore vs Taiwan NT$ 190 /hr

Singapore vs Switzerland

Singapore vs Poland zł 31.4 /hr

Singapore vs Thailand ฿ 10,400 /mo

Singapore vs Sweden

Singapore vs Argentina ARS 1,762 /hr

Singapore vs Norway

Frequently Asked Questions

Is the minimum wage higher in Singapore or Monaco?

In Singapore, the minimum wage is no statutory minimum wage. In Monaco, it is €11.88/hr ($13.83 USD).

How much less does the average worker earn in Singapore compared to Monaco?

The average gross salary in Singapore is S$5,800/mo ($4,539.05 USD), compared to €4,931/mo ($5,742.40 USD) in Monaco. In USD terms, workers in Singapore earn approximately 27% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Singapore and Monaco is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Monaco earn more in nominal terms, though how far that income stretches depends on local prices in Singapore.

How do work hours compare between Singapore and Monaco?

Singapore has a longer standard work week at 44 hours, compared to 39 hours in Monaco. Workers in Singapore work 44 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Monaco working fewer hours may have comparable or better effective hourly earnings depending on the wage levels of each country. Total annual compensation depends on both the wage rate and the number of hours required.