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.
How much is cost of living in Hong Kong?
Summary about cost of living in Hong Kong, Hong Kong: Family of four estimated monthly costs are 3,859$ (30,018HK$) without rent. A single person estimated monthly costs are 1,089$ (8,472HK$) without rent. Hong Kong is 19.48% less expensive than New York (without rent).
How expensive is Hong Kong rent?
According to the report, prime rents in Hong Kong stood at $6.70 per square foot at the end of 2020, and a monthly budget of $10,000 would get a renter less than 1,500 square feet of space. In New York City, which ranked No. 2, the same budget would get a renter 2,249 square feet of space.
How much does it cost to live in an apartment in Hong Kong?
How expensive is housing and accommodation in Hong Kong?Renting in Hong KongAverage monthly costOne bedroom apartment (city centre)HK$16,551One bedroom apartment (outside of city centre)HK$11,006Three bedroom family home (city centre)HK$39,800Three bedroom family home (outside of city centre)HK$23,4262 more rows•31 Aug 2017
How much is a good salary in Hong Kong?
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). Cost of living in Hong Kong is relatively high, but real estate is very expensive.
What is the most paid job in Hong Kong?
Top 10 highest paying jobs in Hong Kong for 2021.Head of Legal. The shape of Hong Kongs Legal sector remained strong and intact throughout 2020. Executive Director & Above. Chief Financial Officer. Consultant. Chief Information Officer. Head of Human Resources. Digital Banking Director.More items •15 Jan 2021
How much do you need to earn to live comfortably in Hong Kong?
You should allow for HK$30,000 to HK$50,000 (US$3,900 to US$6,500) per year for other living costs, including food, leisure, transportation, and personal items, depending on how extravagantly you plan to live.
What jobs are in high demand in Hong Kong?
A number of professionals, including but not limited to regulatory and quality assurance experts, corporate real estate services managers, finance managers, mechanical engineers, analyst programmers, legal secretaries, corporate lawyers, compliance professionals, actuarial candidates and digital marketing experts are “
Why is it so expensive to live in Hong Kong?
So why is Hong Kong housing so expensive? The most obvious reason is that Hong Kong is densely populated with over seven million residents living on just 1,106 square kilometres. With such low supply and high demand of living space, Hong Kongs housing prices almost have no chance to come down.
Is Hong Kong cheaper than London?
London is 44.7% more expensive than Hong Kong.
Is Hong Kong more expensive than New York?
Cost of Living Comparison Between New York, NY and Hong Kong You would need around 6,359.64$ (49,468.76HK$) in Hong Kong to maintain the same standard of life that you can have with 8,100.00$ in New York, NY (assuming you rent in both cities).
What salary is needed to live comfortably 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.
Is it hard to get job in Hong Kong?
It is relatively hard to get a job in Hong Kong. The employers are picky when choosing foreign workers and fill visa application. The workers need to meet strict qualifications to land a job, and the employer needs to prove that they cannot pick a local resident for the job instead.
How much do I need to earn to live comfortably 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.
Is housing expensive in Hong Kong?
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.