Table of Contents
How much does it cost to live in Hong Kong for a year?
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 do things cost in Hong Kong? Check out these prices, for your reference.
How much of your salary should you spend on rent in Hong Kong?
around 33\%
According to experts, you should only spend around 33\% of your salary/income on rent.
How much is the average rent in Hong Kong?
In the second quarter of 2021, the average monthly rent of private apartments in the Hong Kong Island region, the heart of Hong Kong, was between 382 and 442 Hong Kong dollars per square meter. Meanwhile, the median income for an individual was 18 thousand Hong Kong dollars per month.
How much salary do you need to live in Hong Kong?
How much do you need to earn to live in Hong Kong? “You need to earn HK$280’000 per year to live in Hong Kong. This works out at roughly HK$23,000 per month,” says Jamie. This is the figure he shared with us when reflecting on his expenses for the year 2020.
How much does it cost to rent an apartment in Hong Kong?
The minimum rent in Hong Kong is about 15,000 HKD (1,900 USD) per month for a simple one-bedroom apartment further away from the center. If you wish to live closer to the center or rent a bigger place with more amenities expect to pay at least 20,000–30,000 HKD (2,550–3,850 USD) per month and more.
How much should I earn in Hong Kong?
The average salary in Hong Kong is much higher. It is also a good figure to base you research on, if you are coming to HK as an expat. The current average salary per month is 19100 HKD (2430 USD) for male workers and 14700 HKD (1875 USD) for female workers.
Are apartments expensive in Hong Kong?
When it comes to the price of luxury real estate, Hong Kong is still on top. According to the report, prime rents in Hong Kong stood at $6.70 per square foot at the end of 2020, and a monthly budget of $10,000 would get a renter less than 1,500 square feet of space. In New York City, which ranked No.
What is a good salary in Hong Kong 2021?
The average salary in Hong Kong is much higher. It is also a good figure to base you research on, if you are coming to HK as an expat. The current average salary per month is 19100 HKD (2430 USD) for male workers and 14700 HKD (1875 USD) for female workers. Source: Edigest (in Chinese).
How much does it cost to live in Hong Kong per month?
Family of four estimated monthly costs: HK$60,155 Single person estimated monthly costs: HK$43,417 Hong Kong is the most expensive city in Asia (1 out of 15) Cost of living in Hong Kong is more expensive than in 96\% of cities in the World (8 out of 199)
Why are so many expats moving to Hong Kong?
The majority of expats moving to Hong Kong are likely to be working within a company that has a good split of expats and locals, although it’s worth enquiring about this during your interview as some are 50/50 and others are all local talent. Living on the island means easy access to the centre and all its bars, restaurants and entertainment.
Why live in Hong Kong?
Hong Kong is many things to many people. If you get the chance to experience the lifestyle for yourself, it’ll stay with you forever. Embrace, immerse and enjoy – for living in Hong Kong is something that everyone should do at least once in their lives if the opportunity presents itself.
What is it like to be an American in Hong Kong?
It also can come as a bit of a shock to Americans that in Hong Kong, humility is seen as strength. That can be somewhat of a culture shock, as it’s not seen that way so much at home. In the US it’s normal to stand tall, speak directly and ensure that you’re heard. In Hong Kong, business is not conducted in the same way.
https://www.youtube.com/watch?v=JLkG5wUvvKU