Cost of Living in Hong Kong

Updated:

NovoExpat

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
Markets
Transportation
Childcare
Clothing
Rent Per Month
Buy Apartment
Salaries

Hong Kong

restaurant

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 $

store

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 $

commute

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 $

mark_as_unread

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 $

kitesurfing

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 $

child_friendly

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 $

checkroom

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 $

night_shelter

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 $

home

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 $

account_balance_wallet

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 %

Cost of Living in Hong Kong Overview

Welcome! Here’s a guide to understanding the typical costs of living in Hong Kong, from dining out and groceries to housing and utilities. Use this overview to help plan your budget and make informed decisions about living expenses.

Dining Out

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.

Groceries

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.

Transportation

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.

Utilities

For an 85 m² apartment, monthly utility bills—including electricity, heating, water, and waste services—average around 196.81 USD.

Sports and Recreation

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.

Childcare and Education

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 Footwear

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.

Apartment Rentals

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.

Real Estate for Purchase

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.

Average Salary and Mortgage Rates

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.

Comparison of the Cost Of Living in Hong Kong with other countries

Cost of living in countries