Quick Answer: What Is A Good Salary For Hong Kong?

Is Hong Kong a good place to live?

Hong Kong has one of the lowest crime rates in the world despite the territory having one of the most densely populated urban regions.

Often described as one of the safest cities in the world, low crime rates make Hong Kong the perfect place for you to settle down..

How much money do you need 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 do things cost in Hong Kong? Check out these prices, for your reference.

What is the average cost of living in Hong Kong?

How expensive is housing and accommodation in Hong Kong?Renting in Hong KongAverage monthly costOne bedroom apartment (city centre)HK$16,551One bedroom apartment (outside of city centre)HK$11,006Three bedroom family home (city centre)HK$39,800Three bedroom family home (outside of city centre)HK$23,4262 more rows•Aug 31, 2017

Is Hong Kong bigger than London?

United Kingdom is approximately 243,610 sq km, while Hong Kong is approximately 1,108 sq km, making Hong Kong 0.45% the size of United Kingdom.

Is it difficult to get a job in Hong Kong?

Although Hong Kong has a reputation as an expat playground, it has never been harder to find a job here. Competition from mainland immigrants is fierce, and work visa rules are tighter than ever before. … Finding work for the lone expat is much more difficult, primarily because they don’t speak Cantonese.

Is Hong Kong an expensive place to live?

Hong Kong ranks top among 10 most expensive cities to be an expat. Hong Kong has ranked as the most expensive city to live and work overseas in, according to a new report highlighting the economic fallout of the coronavirus pandemic on the expatriate market.

How much does a house cost in Hong Kong?

According to the report, the average price of a home in Hong Kong in 2019 is more than $1.2 million. High demand and short supply have driven property prices to “unaffordable” levels in recent years, with the territory planning to build an $80 billion artificial island to help fix the crisis.

Why is food in Hong Kong so expensive?

Hong Kong has a problem filling low-paid jobs like waiters, cleaners, etc. Hence the pay sometimes needs to be higher than market, which translates into higher prices. Service charge.

Where should I live in Hong Kong?

WANCHAI. “Wanchai is a great choice. … ADMIRALTY. “Great for young professionals and singles. … MIDLEVELS /CENTRAL. “Midlevels is seen as the place to live in Hong Kong for the wealthy. … SOUTH BAY. “Beachside living at its best. … REPULSE BAY. “We love living in Repulse Bay. … STANLEY. … TAI TAM/ REDHILL. … KOWLOON TONG.More items…

What is considered a good salary in Hong Kong?

A HK$1.5 million yearly income would mean a monthly salary of HK$125,000. According to the Population Census last year, only 4.2 per cent of the working population earn more than HK$60,000 a month, the highest category in the report. Hongkongers on average earn HK$12,800 per month.

What is the average income in Hong Kong?

$363k.The average salary in Hong Kong is HK$363k. Trends in wages decreased by -100.0 percent in Q2 2020. The cost of living in Hong Kong is 100 percent higher than the national average.

What is a good salary in Hong Kong 2020?

As of January 2020, the new minimum salary is of HK$ 37.5. 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.

How much is a loaf of bread in Hong Kong?

Cost of Living in Hong KongRestaurants[ Edit ]Water (12 oz small bottle)7.67 HK$Markets[ Edit ]Milk (regular), (1 gallon)87.14 HK$Loaf of Fresh White Bread (1 lb)13.88 HK$61 more rows

What is the average salary in Hong Kong for expats?

US$178,706The global Expat Explorer Survey, which comprised 22,318 respondents from 163 countries and territories, found that expats in Hong Kong earn an average salary of US$178,706 (HK$1.4 million), which is US$72,000 more than the average expat globally.

Is Hong Kong more expensive than London?

Hong Kong is 4% cheaper than London.

How much does an apartment in Hong Kong cost?

List of prices in Hong Kong Current as of Sep 2020.Food[Edit]Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive areaHK$23,195Monthly rent for a 45 m2 (480 sqft) furnished studio in normal areaHK$14,012Utilities 1 month (heating, electricity, gas …) for 1 person in 45 m2 (480 sqft) studioHK$94656 more rows

How much does a Big Mac cost in Hong Kong?

Hong Kong – $2.48 In addition to their graphically pleasing burger box, Hong Kong sells the Big Mac for $2.56 less than United States.

Is Hong Kong wealthy?

Hong Kong is not a fully independent nation, but rather a special administrative region of China. But it has its own powerful economy with a GDP of $414.3 billion and a GNI per capita of $58,420 per person. In addition to being one of the wealthiest countries in the world, Hong Kong is also one of the healthiest.

What is the average rent in Hong Kong?

The average rent for a one-bedroom apartment in Hong Kong can range from 12,000 to 20,000 HKD (1,500 to 2,500 USD) or more per month. On the upside, most apartments easily meet the highest standards of living.

Why is rent so expensive in Hong Kong?

Mainland developers are driving up costs The land is selling for record amounts, increasingly to Chinese mainland developers, which in turn are likely to command record high prices for buyers for apartments and rental spaces built.

Is food expensive in Hong Kong?

While meal prices in Hong Kong can vary, the average cost of food in Hong Kong is HK$205 per day. Based on the spending habits of previous travelers, when dining out an average meal in Hong Kong should cost around HK$82 per person. Breakfast prices are usually a little cheaper than lunch or dinner.