Updated:
If you've ever considered moving to Hong Kong, one of the first questions that likely crossed your mind is, "What is the cost of living in Hong Kong?" After all, it's essential to have a clear picture of your potential expenses before making such a life-changing decision. At this page, we'll dive into the nitty-gritty of the cost of living in Hong Kong and whether the reported $4036 per month figure aligns with the average monthly salary of $2983.61.
Restaurants |
Price |
World Range |
---|---|---|
Meal, Inexpensive Restaurant |
7.64 $ |
|
Meal for 2 People, Mid-range Restaurant, Three-course |
63.7 $ |
|
McMeal at McDonalds (or Equivalent Combo Meal) |
5.41 $ |
|
Domestic Beer (1 pint draught) |
6.37 $ |
|
Imported Beer (12 oz small bottle) |
6.37 $ |
|
Cappuccino (regular) |
5.06 $ |
|
Coke/Pepsi (12 oz small bottle) |
1.25 $ |
|
Water (12 oz small bottle) |
1.03 $ |
|
Markets |
Price |
World Range |
---|---|---|
Milk (regular), (1 gallon) |
3.04 $ |
|
Loaf of Fresh White Bread (1 lb) |
2.28 $ |
|
Rice (white), (1 lb) |
1.95 $ |
|
Eggs (regular) (12) |
3.48 $ |
|
Local Cheese (1 lb) |
24.99 $ |
|
Chicken Fillets (1 lb) |
9.26 $ |
|
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
22.9 $ |
|
Apples (1 lb) |
4.54 $ |
|
Banana (1 lb) |
2.58 $ |
|
Oranges (1 lb) |
3.72 $ |
|
Tomato (1 lb) |
2.9 $ |
|
Potato (1 lb) |
2.57 $ |
|
Onion (1 lb) |
2.59 $ |
|
Lettuce (1 head) |
1.58 $ |
|
Water (1.5 liter bottle) |
1.57 $ |
|
Bottle of Wine (Mid-Range) |
19.11 $ |
|
Domestic Beer (0.5 liter bottle) |
1.82 $ |
|
Imported Beer (12 oz small bottle) |
2.78 $ |
|
Cigarettes 20 Pack (Marlboro) |
7.9 $ |
|
Transportation |
Price |
World Range |
---|---|---|
One-way Ticket (Local Transport) |
1.53 $ |
|
Monthly Pass (Regular Price) |
63.7 $ |
|
Taxi Start (Normal Tariff) |
3.18 $ |
|
Taxi 1 mile (Normal Tariff) |
1.21 $ |
|
Taxi 1hour Waiting (Normal Tariff) |
12.74 $ |
|
Gasoline (1 gallon) |
2.72 $ |
|
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
33121.53 $ |
|
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
31917.11 $ |
|
Utilities (Monthly) |
Price |
World Range |
---|---|---|
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
196.81 $ |
|
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 |
71.59 $ |
|
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 |
762.83 $ |
|
International Primary School, Yearly for 1 Child |
18190.61 $ |
|
Clothing And Shoes |
Price |
World Range |
---|---|---|
1 Pair of Jeans (Levis 501 Or Similar) |
81.42 $ |
|
1 Summer Dress in a Chain Store (Zara, H&M, ...) |
40.14 $ |
|
1 Pair of Nike Running Shoes (Mid-Range) |
88.26 $ |
|
1 Pair of Men Leather Business Shoes |
128.36 $ |
|
Rent Per Month |
Price |
World Range |
---|---|---|
Apartment (1 bedroom) in City Centre |
2198.67 $ |
|
Apartment (1 bedroom) Outside of Centre |
1614.94 $ |
|
Apartment (3 bedrooms) in City Centre |
4519.81 $ |
|
Apartment (3 bedrooms) Outside of Centre |
3064.29 $ |
|
Buy Apartment Price |
Price |
World Range |
---|---|---|
Price per Square Feet to Buy Apartment in City Centre |
31793.01 $ |
|
Price per Square Feet to Buy Apartment Outside of Centre |
20607.21 $ |
|
Salaries And Financing |
Price |
World Range |
---|---|---|
Average Monthly Net Salary (After Tax) |
2983.61 $ |
|
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate |
2.34 % |
|
The cost of dining varies with the type of establishment. A meal at an affordable restaurant averages around 7.64 USD, while a three-course dinner for two at a mid-range restaurant generally costs 63.7 USD.
Basic grocery prices are accessible for most essentials. For instance, a gallon of milk costs about 3.04 USD, a loaf of bread 2.28 USD, and a dozen eggs approximately 3.48 USD.
Public transport is relatively affordable, with a single trip priced at about 1.53 USD and a monthly pass around 63.7 USD. If you plan to use public transit regularly, these passes offer great value.
For an 85 m² apartment, monthly utility bills—including electricity, heating, water, and waste services—average around 196.81 USD.
For those interested in fitness and leisure, a monthly gym membership averages around 71.59 USD, while an hour on a tennis court on weekends costs about 9.1 USD.
Families looking for private childcare services will find that a month at a local preschool or kindergarten costs around 762.83 USD. For international schooling options, annual tuition can reach approximately 18190.61 USD.
Clothing and shoe prices vary widely. A pair of Levi's 501 jeans, for example, costs about 81.42 USD, and mid-range Nike sneakers are priced around 88.26 USD.
Rental prices depend on location, with a one-bedroom apartment in the city center averaging 2198.67 USD per month, while one outside the center costs around 1614.94 USD.
If you're considering buying property, prices per square foot vary as well. In central areas, the price per square foot is roughly 31793.01 USD, while in the suburbs, it's closer to 20607.21 USD.
The average monthly net salary here is about 2983.61 USD after taxes, and mortgage interest rates for a 20-year fixed-rate loan average around 2.34% annually.