Are you considering a move to Hong Kong, Hong Kong, and wondering about the cost of living? Hong Kong is a diverse city with a lot to offer, but like any city, it comes with its own set of expenses. In this page, we'll break down the cost of living in Hong Kong and help you understand whether $4036 per month is moderately priced, given the average monthly salary of $2981.1.
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Restaurants |
Price |
World Range |
|---|---|---|
|
Meal, Inexpensive Restaurant |
7.64 $ |
|
|
Meal for 2 People, Mid-range Restaurant, Three-course |
63.69 $ |
|
|
McMeal at McDonalds (or Equivalent Combo Meal) |
5.1 $ |
|
|
Domestic Beer (1 pint draught) |
6.37 $ |
|
|
Imported Beer (12 oz small bottle) |
6.37 $ |
|
|
Cappuccino (regular) |
5.02 $ |
|
|
Coke/Pepsi (12 oz small bottle) |
1.25 $ |
|
|
Water (12 oz small bottle) |
1.03 $ |
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|
Markets |
Price |
World Range |
|---|---|---|
|
Milk (regular), (1 gallon) |
3.04 $ |
|
|
Loaf of Fresh White Bread (1 lb) |
2.24 $ |
|
|
Rice (white), (1 lb) |
1.93 $ |
|
|
Eggs (regular) (12) |
3.41 $ |
|
|
Local Cheese (1 lb) |
24.99 $ |
|
|
Chicken Fillets (1 lb) |
9.15 $ |
|
|
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
23.12 $ |
|
|
Apples (1 lb) |
4.55 $ |
|
|
Banana (1 lb) |
2.54 $ |
|
|
Oranges (1 lb) |
3.71 $ |
|
|
Tomato (1 lb) |
2.92 $ |
|
|
Potato (1 lb) |
2.55 $ |
|
|
Onion (1 lb) |
2.57 $ |
|
|
Lettuce (1 head) |
1.57 $ |
|
|
Water (1.5 liter bottle) |
1.56 $ |
|
|
Bottle of Wine (Mid-Range) |
19.11 $ |
|
|
Domestic Beer (0.5 liter bottle) |
1.78 $ |
|
|
Imported Beer (12 oz small bottle) |
2.78 $ |
|
|
Cigarettes 20 Pack (Marlboro) |
7.9 $ |
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|
Transportation |
Price |
World Range |
|---|---|---|
|
One-way Ticket (Local Transport) |
1.53 $ |
|
|
Monthly Pass (Regular Price) |
63.69 $ |
|
|
Taxi Start (Normal Tariff) |
3.18 $ |
|
|
Taxi 1 mile (Normal Tariff) |
1.21 $ |
|
|
Taxi 1hour Waiting (Normal Tariff) |
12.74 $ |
|
|
Gasoline (1 gallon) |
2.73 $ |
|
|
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33120.81 $ |
|
|
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
31916.42 $ |
|
|
Utilities (Monthly) |
Price |
World Range |
|---|---|---|
|
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
196.8 $ |
|
|
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
0.1 $ |
|
|
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
22.17 $ |
|
|
Sports And Leisure |
Price |
World Range |
|---|---|---|
|
Fitness Club, Monthly Fee for 1 Adult |
71.75 $ |
|
|
Tennis Court Rent (1 Hour on Weekend) |
9.1 $ |
|
|
Cinema, International Release, 1 Seat |
12.74 $ |
|
|
Childcare |
Price |
World Range |
|---|---|---|
|
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
762.86 $ |
|
|
International Primary School, Yearly for 1 Child |
18107.26 $ |
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|
Clothing And Shoes |
Price |
World Range |
|---|---|---|
|
1 Pair of Jeans (Levis 501 Or Similar) |
80.52 $ |
|
|
1 Summer Dress in a Chain Store (Zara, H&M, ...) |
40.17 $ |
|
|
1 Pair of Nike Running Shoes (Mid-Range) |
88.37 $ |
|
|
1 Pair of Men Leather Business Shoes |
130.79 $ |
|
|
Rent Per Month |
Price |
World Range |
|---|---|---|
|
Apartment (1 bedroom) in City Centre |
2200.56 $ |
|
|
Apartment (1 bedroom) Outside of Centre |
1619.45 $ |
|
|
Apartment (3 bedrooms) in City Centre |
4434.25 $ |
|
|
Apartment (3 bedrooms) Outside of Centre |
2999.27 $ |
|
|
Buy Apartment Price |
Price |
World Range |
|---|---|---|
|
Price per Square Feet to Buy Apartment in City Centre |
31746.99 $ |
|
|
Price per Square Feet to Buy Apartment Outside of Centre |
20738.2 $ |
|
|
Salaries And Financing |
Price |
World Range |
|---|---|---|
|
Average Monthly Net Salary (After Tax) |
2981.1 $ |
|
|
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate |
2.37 % |
|
The monthly expenses for living in Hong Kong come to a total of approximately $4036. This includes an average monthly rent of around $2200 for a one-bedroom apartment in the city center, along with utilities costing about $209 per month. Additionally, other expenses such as groceries, transportation, dining out, and leisure activities for one person amount to approximately $1009 per month.
Living in Hong Kong appears to be relatively budget-friendly when considering the average monthly income of $2981.1. However, to enjoy a comfortable standard of living in Hong Kong, you would likely need an income exceeding $2981.1.
In Hong Kong, the average monthly post-tax salary hovers around $2981.1, and it isn't tied to any particular skillset or qualification.
The typical monthly rent for a one-bedroom apartment in the central area of Hong Kong is approximately $2200. If you're open to living in a location outside the city center, you can expect to pay around $1619.45 for such an apartment.
The expense for groceries in Hong Kong can fluctuate based on personal choices and shopping patterns. Typically, an individual can budget around $817 per month for groceries. Nevertheless, the actual costs may change depending on various factors, including the specific items bought, the choice of stores, and the availability of discounts or special offers.
The cost of living in Hong Kong can vary significantly depending on the particular city you have in mind. Using a nationwide average might not provide accurate information. To get a more precise understanding, it's crucial to examine the cost of living in various cities throughout Hong Kong.
The only natural disasters risks in Hong Kong are those of typhoons during the summer season since storms and winds cause flooding, landslides, and other major damages.
Hong Kong is quite safe with some petty crimes like thefts, vandalism, and burglaries. Serious crime acts are rare in Hong Kong, especially against tourists. Because there is no place in the world with 100 safety rates, it is always recommended to be watchful to avoid becoming a victim.
Unlicensed taxis are very common in Hong Kong and should not be taken. They often do not use their meter. What tourists should do, to avoid being tricked, is to ask the driver to take the bags out of the trunk before they pay and always take a licensed taxi from their hotel or any other accommodation.
The fact that it is one of the most densely populated cities in the world, as well as a great and often visited tourist destination makes Hong Kong heaven for pickpockets. So, in crowded places and busy streets you should make sure that your belongings are close to you and pay attention to your surroundings.
Hong Kong has a low rate in terms of muggings, but some cases of this crime might happen if tourists follow the criminal without knowing what he/she is saying. Avoid talking to strangers, especially if they do not speak your language.
In the recent history of terrorism in Hong Kong, there are no records of terrorist attacks, but they still cannot be predicted. The global risk of terrorist attacks in public areas exists worldwide, so tourists should be vigilant.
All the tourists who come to Hong Kong represent a possible victim of scammers and it is a growing problem. The most common trick is in shops that shop assistants go to pick a new set in the back of the shop after you decide to purchase something and the one they bring is usually an older model or even a fake one. Many shops sell products without a price tag which allows them to decide the price at the spot and often overcharge customers.
The risk for women travelers in Hong Kong is at the lowest level and it is hard to believe that there is no area in the whole city that women should not visit both during the day and night. Because pickpocket risk is at a high level, women should be cautious as in any other city.
The necessity for a visa depends on the country you are coming from. The Philippines nationals who come to Hong Kong for tourism or business and stay less than 14 days do not need visas. There are 170 countries whose citizens can visit Hong Kong without a visa if they stay from 7 to 180 days, but that also depends on their nationality.
The official currency in Hong Kong is the Hong Kong dollar (HKD). ATMs can be found in big cities. Your credit cards might not be accepted everywhere since the Chinese still pay for most things in cash. Even though many people believe that it is a very luxurious city, Hong Kong is not the most expensive in the world.
A monsoon subtropical climate of Hong Kong makes the weather mild throughout most of the year. During the period from October to early December, the weather is sunny and pleasant. July is the hottest month, while the coldest is January. You can easily distinguish seasons in Hong Kong – spring is warm, summers are usually sunny and rainy, autumn is the best season to visit Hong Kong due to the pleasant weather conditions, and winters are cold.
Hong Kong International Airport has two parallel runways, which are 3,800 meters long and 60 meters wide. It is Hong Kong’s major airport, located on the island of Chek Lap Kok. The airport’s nickname is Chek Lap Kok Airport and it is used for the transportation of both cargo and passengers.
Visitors of Hong Kong do not necessarily have to have any form of insurance, but travel insurance is always considered prudent. Once you know that you have protection in case of accidental injury, lost or stolen baggage or trip cancellation, it makes you feel peaceful when you travel.
| Average | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High | 67°F | 67°F | 72°F | 79°F | 84°F | 88°F | 89°F | 89°F | 88°F | 83°F | 77°F | 70°F |
| Temp | 62°F | 63°F | 68°F | 74°F | 80°F | 84°F | 85°F | 85°F | 83°F | 79°F | 72°F | 65°F |
| Low | 58°F | 59°F | 64°F | 71°F | 77°F | 80°F | 81°F | 81°F | 79°F | 75°F | 68°F | 61°F |
| Average | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High | 19°C | 19°C | 22°C | 26°C | 28°C | 31°C | 31°C | 31°C | 31°C | 28°C | 25°C | 21°C |
| Temp | 16°C | 17°C | 20°C | 23°C | 26°C | 28°C | 29°C | 29°C | 28°C | 26°C | 22°C | 18°C |
| Low | 14°C | 15°C | 17°C | 21°C | 25°C | 26°C | 27°C | 27°C | 26°C | 23°C | 20°C | 16°C |