Singapore vs Austin: where does a petroleum engineer save more?
Best for saving: Singapore — about $6,866/mo after taxes and living costs.
Singapore Singapore ★ Best for saving | Austin US | |
|---|---|---|
| Median salary | $129,880 | $144,160 |
| Take-home / mo | $9,471 | $8,754 |
| Income tax | ~12% | ~27% |
| Living costs / mo | $2,605 | $2,910 |
| Savings / mo | $6,866 | $5,844 |
| Savings rate | 72% | 67% |
| Verdict | Excellent | Excellent |
Single professional, after-tax. "Savings" = take-home − a baseline cost of living. A planning estimate, not financial advice.
How we calculated this
• Salary: BLS/OECD median for a petroleum engineer, adjusted per city.
• Tax: each country's single-filer effective rate (e.g. Singapore ~12%, US ~27%).
• Living costs: a single professional's baseline monthly budget per city.
Estimates, not financial or tax advice. Updated 2026.