Sage-Tips

What salary is needed to live comfortably in Hong Kong?

You should allow for HK$30,000 to HK$50,000 (US$3,900 to US$6,500) per year for other living costs, including food, leisure, transportation, and personal items, depending on how extravagantly you plan to live.

How much is average salary in HK?

The median monthly wage of employees in Hong Kong rose 1.5\% to $18,400 in May-June 2020, the Census and Statistics Department (C&SD) has reported. This is slightly higher than the $18,200 median recorded in the same period in 2019.

Is Hong Kong still good for expats?

Hong Kong is a fantastic destination for expats and their families, with wonderful food, a vibrant culture and so much opportunity. Just make sure you are well prepared, with a job offer secured, international health insurance prepared and an apartment ready to help you settle in quickly.

What is the average salary of an expatriate in Hong Kong?

Hong Kong is well-known in the Asia Pacific for the highest salaries among expatriates. The average wage in the city is about 1.4 million HKD or $178,706 per year. This amount is $72,000 more than the average salary for an expatriate globally.

How much does it cost to live in Hong Kong?

Considering that Hong Kong is an expensive place to stay, Hongkongers require a minimum of 1.5 million HKD per year to be contented. This minimum annual salary requirement is comparable to an average of 1.2 million HKD on a global scale.

Is Hong Kong a good place for expats?

While the cost of living in Hong Kong can be astronomical, expats can rest assured that salaries in Hong Kong are significantly higher than the global average. Hong Kong is a good destination for expats with high earning potential. The majority of expats in Hong Kong are employed in the financial services sector of the economy.

How much do doctors in Hong Kong get paid?

Do you mean doctors in public hospitals, or those in the private sector? They are vastly different entities. The average government-employed doctor might make about $60,000 HKD a month, which is pretty good by local standards (the median salary of Hong Kong is $17,500 HKD).

https://www.youtube.com/watch?v=JLkG5wUvvKU