Cost of Living in Hong Kong
Summary about cost of living in Hong Kong, Hong Kong:
- Family of four estimated monthly costs are 3,745.26$ (29,400.87HK$) without rent (using our estimator).
- A single person estimated monthly costs are 1,042.15$ (8,181.03HK$) without rent.
- Hong Kong is 24.61% less expensive than New York (without rent, see our cost of living index).
- Rent in Hong Kong is, on average, 35.37% lower than in New York.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 60.00 HK$ | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 500.00 HK$ | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 43.00 HK$ | |
| Domestic Beer (1 pint draught) | 50.00 HK$ | |
| Imported Beer (12 oz small bottle) | 60.00 HK$ | |
| Cappuccino (regular) | 39.75 HK$ | |
| Coke/Pepsi (12 oz small bottle) | 10.08 HK$ | |
| Water (12 oz small bottle) | 8.15 HK$ | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 89.07 HK$ | |
| Loaf of Fresh White Bread (1 lb) | 16.15 HK$ | |
| Rice (white), (1 lb) | 6.76 HK$ | |
| Eggs (regular) (12) | 27.74 HK$ | |
| Local Cheese (1 lb) | 91.03 HK$ | |
| Chicken Fillets (1 lb) | 33.43 HK$ | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 81.40 HK$ | |
| Apples (1 lb) | 16.25 HK$ | |
| Banana (1 lb) | 8.10 HK$ | |
| Oranges (1 lb) | 13.29 HK$ | |
| Tomato (1 lb) | 10.29 HK$ | |
| Potato (1 lb) | 9.10 HK$ | |
| Onion (1 lb) | 9.27 HK$ | |
| Lettuce (1 head) | 12.32 HK$ | |
| Water (1.5 liter bottle) | 12.31 HK$ | |
| Bottle of Wine (Mid-Range) | 150.00 HK$ | |
| Domestic Beer (0.5 liter bottle) | 14.62 HK$ | |
| Imported Beer (12 oz small bottle) | 21.16 HK$ | |
| Cigarettes 20 Pack (Marlboro) | 62.00 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) | 14.48 HK$ | |
| Taxi 1hour Waiting (Normal Tariff) | 100.00 HK$ | |
| Gasoline (1 gallon) | 80.03 HK$ | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 260,000.00 HK$ | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 256,569.05 HK$ | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 1,530.57 HK$ | |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 0.80 HK$ | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 180.58 HK$ | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 515.13 HK$ | |
| Tennis Court Rent (1 Hour on Weekend) | 71.08 HK$ | |
| Cinema, International Release, 1 Seat | 90.00 HK$ | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 6,194.69 HK$ | |
| International Primary School, Yearly for 1 Child | 142,656.25 HK$ | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 624.11 HK$ | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 307.82 HK$ | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 672.14 HK$ | |
| 1 Pair of Men Leather Business Shoes | 1,017.83 HK$ | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 17,333.33 HK$ | |
| Apartment (1 bedroom) Outside of Centre | 12,489.13 HK$ | |
| Apartment (3 bedrooms) in City Centre | 35,967.44 HK$ | |
| Apartment (3 bedrooms) Outside of Centre | 23,918.60 HK$ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 23,310.90 HK$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 14,658.68 HK$ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 24,076.38 HK$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 2.33 |
Prices in Hong Kong
This city had 4294 entries in the past 12 months by 630 different contributors.
Last update: August 2022
Last update: August 2022
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How much money is sufficient for a Family of four to survive in Hongkong which includes two kids one 8 years and one 4 years. Assuming both will go in international school.
If you earning 22000HKD per month.
50% for Rental + Electricity, Water (around 150-200ft non-sharing flat). You can save more if you can find 7-9K rent, i think it is okay for single person. But ask above the safety etc.
On average if you spend $150/day for food, it is $4650/month. But say you need to party per week, then maybe 8K per month for food. (40%)
So actually cannot save much. You can find cheap takeaway in HK (Like <$40 per meal), or cook at home (probably just $20 per meal).
Here’s my comment:
For anyplace rental price below $10,000 in either hk island or Kowloon, you r expecting tiny small space of around 60 to 150 sq feet.
For a salary of $ 20,000, u can survive after paying 50% for food and 50% for rental.
For a 310sq feet, 3x to 4x year old apartment in Jordan, (close to TST), I paid $12888-14500 for 3 years
For a 430 sq feet 40 year old apartment, rental was $16000-18,000, depends on condition.
Everything in hk are expensive, be prepared to living very minimally if u earn below $30,000/ month as a single person.
You could find a single place to rent for around 6k~12k hkd, depends on the quality.
22k HKD is just fine. Not much taxes you need to pay.
I am looking at immigrating to Hong Kong and so far, the vacancies I've seen offer a minimum salary of 22000HKD which is roundabout $2800USD and I am assuming this amount is the gross. Would it be a good move as a single person (no husband and no kids)? Would I have any disposable income after paying taxes and rent? Areas mentioned were Kowloon or New Territories side - is that central or will I find affordable accommodation as I prefer not to share a living space? Will I be able to have any leftover income to put into my savings? Many thanks.
Thank you very much Gid for blessing me nice life.