Sage-Tips

How much does it cost per month to live in Hong Kong?

Summary about cost of living in Hong Kong, Hong Kong: Family of four estimated monthly costs are 3,857$ (30,054HK$) without rent. A single person estimated monthly costs are 1,088$ (8,479HK$) without rent. Hong Kong is 19.59\% less expensive than New York (without rent).

What is HK high income?

Those aged between 35-44 were the highest earners at $83.90 per hour, followed by those aged 25-34 at $77.60. Those who were 45-54 years old earned $75.6 an hour on average.. In a separate report, the C&SD said the average wage rate in December 2020 was unchanged at 1\%.

What is hourly rate for 110K?

If you make $110,000 per year, your hourly salary would be $56.41. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 37.5 hours a week.

Is 100k a good household income?

A $100k salary is a good salary for an individual. Only 13\% of single female households and 20\% of single Male households bring in more than $100k. While the average single male household makes $55,190. So 100k, in fact, is a good salary for a single person, but how does that measure up for a family of four?

How much does it cost to live in Hong Kong?

Couples should budget HK$37,500 – HK$52,000 and families should budget HK$43,500-60,000 per month. That’s what the cost of living in Hong Kong can look like every month.

What is a realistic monthly budget for Hong Kong?

Based on our research in our realistic monthly budget for Hong Kong, individual’s should budget for between HK$27,500-HK$43,000 per month. Couples should budget HK$37,500 – HK$52,000 and families should budget HK$43,500-60,000 per month.

What is a good starting salary in Hong Kong for expats?

A good starting salary in Hong Kong will generally be between HK$25,000-HK$30,000, with the median range being HK$18,200 according to HKSAR Government statistics for 2019. Most ex-pats coming to Hong Kong won’t be earning less than HK$20,000 in most cases

Is Hong Kong more expensive than New York City?

Hong Kong is 19.57\% less expensive than New York (without rent, see our cost of living index ). Rent in Hong Kong is, on average, 23.79\% lower than in New York.