Cost of Living in Hong Kong
Summary about cost of living in Hong Kong:
- Four-person family monthly costs: 3,613.40$ (28,025.81HK$) without rent (using our estimator).
- A single person monthly costs: 1,012.45$ (7,852.63HK$) without rent.
- Cost of living index in Hong Kong is 22.86% lower than in New York.
- Rent in Hong Kong is, on average, 23.26% lower than in New York.
- Cost of living rank 49th out of 488 cities in the world.
- Hong Kong has a cost of living index of 77.14.
| Restaurants | [ Edit ] | Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 50.00 HK$ | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 450.00 HK$ | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 40.00 HK$ | |
| Domestic Beer (1 pint draught) | 50.00 HK$ | |
| Imported Beer (12 oz small bottle) | 50.00 HK$ | |
| Cappuccino (regular) | 37.06 HK$ | |
| Coke/Pepsi (12 oz small bottle) | 9.14 HK$ | |
| Water (12 oz small bottle) | 8.04 HK$ | |
| Markets | [ Edit ] | |
| Milk (regular), (1 gallon) | 87.60 HK$ | |
| Loaf of Fresh White Bread (1 lb) | 13.85 HK$ | |
| Rice (white), (1 lb) | 7.48 HK$ | |
| Eggs (regular) (12) | 27.74 HK$ | |
| Local Cheese (1 lb) | 70.70 HK$ | |
| Chicken Fillets (1 lb) | 36.28 HK$ | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 63.09 HK$ | |
| Apples (1 lb) | 14.09 HK$ | |
| Banana (1 lb) | 7.86 HK$ | |
| Oranges (1 lb) | 12.06 HK$ | |
| Tomato (1 lb) | 10.76 HK$ | |
| Potato (1 lb) | 8.20 HK$ | |
| Onion (1 lb) | 8.82 HK$ | |
| Lettuce (1 head) | 10.36 HK$ | |
| Water (1.5 liter bottle) | 13.77 HK$ | |
| Bottle of Wine (Mid-Range) | 120.00 HK$ | |
| Domestic Beer (0.5 liter bottle) | 12.23 HK$ | |
| Imported Beer (12 oz small bottle) | 17.79 HK$ | |
| Cigarettes 20 Pack (Marlboro) | 60.00 HK$ | |
| Transportation | [ Edit ] | |
| One-way Ticket (Local Transport) | 10.00 HK$ | |
| Monthly Pass (Regular Price) | 500.00 HK$ | |
| Taxi Start (Normal Tariff) | 24.00 HK$ | |
| Taxi 1 mile (Normal Tariff) | 13.68 HK$ | |
| Taxi 1hour Waiting (Normal Tariff) | 102.00 HK$ | |
| Gasoline (1 gallon) | 65.82 HK$ | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 244,990.00 HK$ | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 223,362.50 HK$ | |
| Utilities (Monthly) | [ Edit ] | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 1,556.16 HK$ | |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 0.66 HK$ | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 199.88 HK$ | |
| Sports And Leisure | [ Edit ] | |
| Fitness Club, Monthly Fee for 1 Adult | 620.35 HK$ | |
| Tennis Court Rent (1 Hour on Weekend) | 68.85 HK$ | |
| Cinema, International Release, 1 Seat | 100.00 HK$ | |
| Childcare | [ Edit ] | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 5,828.14 HK$ | |
| International Primary School, Yearly for 1 Child | 142,788.95 HK$ | |
| Clothing And Shoes | [ Edit ] | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 629.83 HK$ | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 282.55 HK$ | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 691.60 HK$ | |
| 1 Pair of Men Leather Business Shoes | 1,011.33 HK$ | |
| Rent Per Month | [ Edit ] | |
| Apartment (1 bedroom) in City Centre | 17,776.39 HK$ | |
| Apartment (1 bedroom) Outside of Centre | 12,295.45 HK$ | |
| Apartment (3 bedrooms) in City Centre | 38,431.82 HK$ | |
| Apartment (3 bedrooms) Outside of Centre | 24,552.05 HK$ | |
| Buy Apartment Price | [ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre | 22,887.84 HK$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 14,766.72 HK$ | |
| Salaries And Financing | [ Edit ] | |
| Average Monthly Net Salary (After Tax) | 22,394.65 HK$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 2.55 |
Prices in Hong Kong
These data are based on 4117 entries in the past 18 months from 455 different contributors.
Last update: May 2020
Last update: May 2020
Sources and References
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19 Comments so far
LISTEN TO DR. KNUT WITTOWSKI, DR. RASHID BUTTAR, DR. JUDY MIKOVITS
WAKE UP AND STOP LIVING IN FEAR!
The most important thing to consider is rent. A very small (200-300 sq ft.) studio or 1-bed apartment unit in an older building that is located near city center and on one of the MTR lines will cost on average HK$14,000 a month. A nicely located, newer apartment of that size can easily be HK$18,000 a month. If you live further from the city center, and maybe without quick access to an MTR station, in an older building that could use renovation, you could pay as little as HK$10,000 a month. But you'll need to accept that the flat you're renting won't be a showplace.
Forget owning a car in HK unless you are making a very high income. Taxes, parking, auto payments, insurance, maintenance and fuel for autos in HK can easily equal what you pay in rent.
Many other things like groceries, mass transit, utilities, etc. are very on par with just about any place in the world.
http://www.tradingeconomics.com/hong-kong/wages
https://hk-magazine.com/article/inside-hk/hk-stories/13825/median-intensity-what-does-average-wage-get-you-hong-kong