Quick Answer: What Is The Average Rent In Hong Kong?

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..

How much is an 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.

Does Hong Kong have a minimum wage?

The Hong Kong statutory minimum wage for non-domestic workers is HK$37.5 (~US$4.83) per hour, effective 1 May 2019.

Is the cost of living high in Hong Kong?

Cost of living in Hong Kong is 11% higher than in United States (aggregate data for all cities, rent is not taken into account). Rent in Hong Kong is, on average, 84% higher than in United States.

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.

What is the average salary in Hong Kong for expats?

US$178,706The global Expat Explorer Survey, which comprised 22,318 respondents from 163 countries and territories, found that expats in Hong Kong earn an average salary of US$178,706 (HK$1.4 million), which is US$72,000 more than the average expat globally.

What salary do you 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 do things cost in Hong Kong? Check out these prices, for your reference.

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).

What is the average cost of living in Hong Kong?

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

What is considered a high salary in Hong Kong?

A person working in Hong Kong typically earns around 36,600 HKD per month. Salaries range from 9,260 HKD (lowest average) to 163,000 HKD (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.

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 a good country 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.

What is a good salary in Hong Kong 2020?

As of January 2020, the new minimum salary is of HK$ 37.5. 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.

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.

How much do doctors earn in Hong Kong?

The typical Hong Kong Hospital Authority Resident Physician salary is HK$70,500. Resident Physician salaries at Hong Kong Hospital Authority can range from HK$58,345 – HK$90,000.