Once again, those living in Hong Kong will pay more per month for the basics than those in the US. For heating, electricity, garbage, water, etc., expect to shell out around 40% more per month in Hong Kong. In the US youll pay around 70% less (on a prepay basis), than your counterparts in Hong Kong.

Is Hong Kong inexpensive?

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.

How much money do I need to live 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 is a pint of beer in Hong Kong?

Cost of living in Hong Kong is, on average, 14.66% higher than in United States .Cost of Living in Hong Kong.RestaurantsEditDomestic Beer (1 pint draught)60.00HK$Imported Beer (12 oz small bottle)50.00HK$Cappuccino (regular)37.73HK$63 more rows

How much does a burger cost in Hong Kong?

In Hong Kong, a typical fast food meal costs: 5.10 USD (40 HK$) for a McMeal at McDonalds or BurgerKing (or similar combo meal), and 1.50 USD (12 HK$) for a cheeseburger.

Why is Hong Kong so expensive?

Hong Kong has the most expensive housing market in the world. Rent is so high, many can only afford to live in subdivided apartments known as coffin homes. But the problem isnt land scarcity. Hong Kong has the most expensive housing market in the world.

Why is HK so expensive?

So why is Hong Kong housing so expensive? The most obvious reason is that Hong Kong is densely populated with over seven million residents living on just 1,106 square kilometres. With such low supply and high demand of living space, Hong Kongs housing prices almost have no chance to come down.

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

You should plan to spend around HK$1,085 ($139) per day on your vacation in Hong Kong, which is the average daily price based on the expenses of other visitors. Past travelers have spent, on average, HK$205 ($26) on meals for one day and HK$55 ($7.02) on local transportation.

Is coffee expensive in Hong Kong?

Hong Kong beats the rest of the world in terms of the cost of a cup of coffee including services, at US$7.77 (HK$60); a litre of unleaded 95 octane gasoline, at US$1.79; and an unfurnished two-bedroom apartment in an appropriate neighbourhood, at US$6,809 per month.

What is a decent salary in Hong Kong?

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. Source: Edigest (in Chinese).

How much is the basic salary in Hong Kong?

Currently, the minimum salary in Hong Kong is HK$ 37.5 per hour according to the Labour Department of the Govern of the Hong Kong. The last raise came into effect in 2015. As of 2021, the minimum salary in Hong Kong is of HK$ 37.5 per hour (roughly 4.85 USD).

Can I buy a house in Hong Kong?

Most foreigners can buy in Hong Kong but, in an attempt to cool the market and put off overseas speculation, the government has imposed an extra 15% Buyers Stamp Duty on foreign sales. There is also additional stamp duty for second homes and for homes resold within three years.