Quick Answer: How Much Money Do You Need To Live Comfortably In Hong Kong?

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

What are the general living expenses for Hong Kong.

How much can you get by on?Living expenses in Hong Kong (excluding rent)Hong Kong average costSingle person, per monthHK$6,865Single person, per yearHK$82,380University student, per monthHK$5,2984 person family, per monthHK$24,4721 more row•Aug 31, 2017.

How much money do you need per day in Hong Kong?

How much money will you need for your trip to Hong Kong? You should plan to spend around HK$1,085 ($140) per day on your vacation in Hong Kong, which is the average daily price based on the expenses of other visitors.

Why is it so expensive to live in Hong Kong?

It’s no secret Hong Kong is one of the most tax-friendly economies in the world. One of the reasons the government can keep taxes so low is because a large chunk of its revenues come from land sales. … In fact, if property values dropped too much, the government could even have to rethink its tax revenue system.

How bad is the air quality in Hong Kong?

Hong Kong has the world’s highest traffic density as well as coal-burning power plants which contribute an estimated 50% to the total level of pollution. That said, pollution from China is a major problem. The worst days of air pollution in Hong Kong are usually caused by wind blowing the smog in from China.

Is 30000 hkd a good salary?

If you want a more decent place to live in, say 500 sq feet in downtown, HKD 30k (your whole salary) may not be enough. … So, IMHO, if your company provides housing for you, I think HKD 30000 is OK, not very nice, but OK, and you should be able to live a comfortable life.

What is the average living cost 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.

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$Markets[ Edit ]Milk (regular), (1 gallon)87.89 HK$Loaf of Fresh White Bread (1 lb)13.82 HK$62 more rows

What is a decent salary in Hong Kong?

Decent one bed flat – HKD 20,000 – 25,000 per month. By “decent” I mean those below 10 years old, neighbourhood with good facilities, within 30 min transit to major spots. N.B. one beds are much smaller here in HK, usually at around 300–400 sq ft.

What is considered middle class in Hong Kong?

A Hong Kong household earning HK$55,000 a month or above could be classified as middle class, Yip said. Yet only about 10 per cent of the 2.4 million households in the city earn that much, according to government figures (an average household has 3.2 persons).

Is Hong Kong cheap now?

Ultimately, Hong Kong can be a relatively cheap holiday. Stick to the local restaurants, walk the streets and markets and stay at a three-star hotel and you won’t leave with an empty pocket. But choose steaks and pints of imported beer and those credit card bills will stack up quickly.

What is a good salary in Hong Kong 2019?

The average salary in Hong Kong is much higher. 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 an average apartment 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. Older buildings are often renovated to offer their tenants the same comfort as new housing developments.

Why is food so expensive in Hong Kong?

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. … So you look at the menu, you calculate the cost, but by the time the bill arrives, it’s 10% higher.

Do you pay tax in Hong Kong?

There is no capital gains tax, no dividend tax and no inheritance tax in Hong Kong. Hong Kong follows a territorial principle of taxation. Individuals are taxed only on income that has been “earned in Hong Kong”.

Is Hong Kong nice 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 does a house cost in HK?

According to the report, the average price of a home in Hong Kong in 2019 is more than $1.2 million.

How much does a bottle of water cost in Hong Kong?

Bottled water is everywhere in HK. Supermarket offers better prices than convenient stores. Depending on the brand, 1L should cost around $10.

How much is a cup of coffee in Hong Kong?

The cost of a latte ranged from HK$15 at 7-Eleven to HK$38 at Caffe Habitu, both for a 400ml cup. The actual cost of the raw materials for a latte is a closely guarded secret among coffee shop chains, although it is speculated that the mark-up is about 300 per cent.

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.

Can I use US dollars in Hong Kong?

Can I use US dollars or must I get Hong Kong dollars? A. The US dollar remains the leading global currency. In many locations – such as parts of Latin America or Africa – you could get on just fine with American dollars.

Is Hong Kong cheap or expensive?

Hong Kong is one of the most expensive cities in the world to live in. In fact, the city is currently ranked as the place with the highest cost of living for expats. But to simply visit, this sprawling metropolis packed with cheap eats, outdoor activities and gorgeous natural and man-made landscapes can be a bargain.