Cost of living in Hong Kong: Your guide - Wise Take a cooking class: Learn to cook authentic Hong Kong cuisine from local chefs. Leisure, Activities and Things to do in Hong Kong. Are you moving to Hong Kong? Others spend $10,000 or more each month for an extravagant, next-level lifestyle or even $2,500 on the strictest budget staying in hostels, couchsurfing, and smaller studio apartments, ensuring they make it work no matter what! While most of the citys business center is located in the Central district, you can find apartments further out in the suburbs. Food and groceries are generally expensive, as much of the produce sold in Hong Kong is imported, but you can save money by buying locally sourced food. If you want to keep up with our travels, go ahead and follow us on our travel page on Instagram @onelifepassport! A one-bedroom apartment outside the city of Hong Kong costs between $1,800 to $3,600 USD (HKD 14,000 to HKD 28,000). Many times, a proof of ID will suffice. Central areas of Hong Kong have some of the most expensive rents in the world, with apartments typically very small. The minimum rent for a larger apartment is HK$20,000 or $30,000, though the cost will vary depending on the number of bedrooms, location, amenities, and building's . The survey found that more than 75% of investors anticipate rental rate increases of 3% or more over the next 12 months across most senior housing classes, due to inflation-driven operating cost . Change the currency: It takes only 24 minutes to travel between the airport and Hong Kong Station. Youll also find many serviced apartments in Hong Kong with two or three bedrooms. A studio apartment will cost about the same as a two-bedroom apartment located in the city center. Some . What is the monthly cost of living in Hong Kong? Don't break open that piggy bank just yet! This table of expenses will help you plan your budget for your move to Hong Kong. Cost of Living in Hong Kong in Jul 2023 - Nomad List Serviced apartments are great for travelers who need a longer stay but dont want to be tied down to one location. Public transport is cheap, clean and reliable. Hong Kong Expats Guide Cost of Living in Hong Kong Cost of Living in Hong Kong. Updated Prices Jul 2023. - Expatistan database is calculated by comparing their cost of living to the cost of living in Prague. Take a ride on the Star Ferry: Hop on the iconic green and white ferries that traverse Victoria Harbour. Our Monthly Cost of Food and Groceries in Hong Kong: We spend between $400 and $800 (HKD 3,120 HKD 6,240) per month on food and groceries, including dining out and cooking at home. If youre retiring, temporarily relocating or moving to Hong Kong for good, its helpful to have a picture of what life there will cost as an expat. Living in Hong Kong | Hong Kong Region Guide - HSBC Expat These estimates are based on only a few data points. How much to rent a two-bedroom condo in the Hong Kong city centre? Go hiking: With over 200 hiking trails, theres no shortage of scenic routes to explore. However, you should be aware of the local areas prices before you start your search. It runs from Kennedy Town to Shau Kei Wan and prices range from $0.26 to $0.38 USD (HKD 2 3). Here are the 17 things to do in Hong Kong: Check out The Best things to do in Hong Kong here on Viator! Meal, Inexpensive Restaurant. The Cost of Accommodation in Hong Kong costs around $1,500 to $10,000 per month. What is the Cost Of Rent in Hong Kong VS USA? If youre looking for serviced apartments in the city centre, the Apartment O Causeway Bay will have plenty of options for you to choose from. 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If you have a limited budget, a studio apartment might be a better option. Monthly Food Costs in Hong Kong is from $300 to $1200 per month. However, you may want to look out for a serviced apartment if youre planning to stay for a long time. How much do things cost in Hong Kong? On average, the cost of living in Hong Kong, is 20% cheaper than in New York City, United States. Ferry: Ferries are affordable for travel between Hong Kong Island, Kowloon, and the outlying islands. Meal, Inexpensive Restaurant. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Proof of ID is usually enough. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Here is a table of expenses for a couple living in Hong Kong per month:Average Cost of Living In Hong KongCost in USDCost in HKDRent (Studio apartment)$1,200 $2,000HKD 9,360 HKD 15,600Rent (1 bedroom apartment)$1,500 $3,000HKD 11,700 HKD 23,400Rent (2 bedroom apartment)$2,500 $4,500HKD 19,500 HKD 35,100Rent (3 bedroom apartment)$3,500 $7,000HKD 27,300 HKD 54,600Utilities (electricity, water)$50 $100HKD 390 HKD 780Mobile phone (unlimited data plan, Sim Card)$30 $50HKD 234 HKD 390Internet (wifi)$30 $50HKD 234 HKD 390Food (groceries, dining out, Partying, nightlife)$500 $1,000HKD 3,900 HKD 7,800Transportation (Public transport, Taxi, Scooter, car)$60 $150HKD 470 HKD 1,170Healthy activities (gym, martial arts, yoga, massages)$50 $150HKD 390 HKD 1,170Health insurance (SafetyWing, World Nomads, or Medicare)$50 $150HKD 390 HKD 1,170Cost of Living In Hong Kong Per Month Total Expenses$2,370 $10,600HKD 18,500 HKD 83,161. In Jacksonville, I had a mortgage that was $2,000 a month. The Cost of Living in Hong Kong is average. To calculate each city's Price Index value, we start by assigning a value of 100 to a These can range anywhere from $200 to $350 per night. Regardless of whether youre renting for business or pleasure, serviced apartments can make your Hong Kong stay as convenient and comfortable as possible. Worry about rent instead. How much to rent an apartment in Hong Kong? Cost of living in Hong Kong vs Melbourne - nomadgirl.co Moving the mouse on top of a city will show its name and the Cost of Living Index of that city. Cost of Living Comparison Between Shenzhen, China And Hong Kong, Hong The average cost of living in Hong Kong is $2884, which is in the top 0.7% of the most expensive cities in the world, ranked 63rd out of 9294 in our global list and 1st out of 544 in China. Summary of cost of living in Hong Kong (China): A family of four estimated monthly costs are 3,934.1$ (30,744.2HK$) without rent. Sick Reality of Hong Kong's Tiny Homes Where You Cook Inside - MSN If you're on a budget, consider life in the areas outside of the city centre. The cost of living in Hong Kong is 13% less expensive than in Singapore City. Breakdown of prices in Hong Kong, Hong Kong for housing, food, transportation, going out for July 2023. Visit Victoria Peak: Take a tram up to the peak for breathtaking views of the city. "I came back to Hong Kong because the education system here is better for my children," Wong said. Healthy activities: Activities like gym memberships, martial arts classes, yoga, and massages will cost $50 to $150 USD or HKD 390 to HKD 1,170 per month. Cost of living and prices in Hong Kong - TravelTables.com Here is a breakdown of the average monthly costs for food in Hong Kong: Overall, the monthly cost of food in Hong Kong ranges from $300 to $2,000 or HKD 2,200 to HKD 15,400. 290.00 (314.19 HK$) We Run a YouTube Channel and this Blog; We write about the Digital Nomad Lifestyle, The Places we live, and How to Make Money Online. Cost of Living in Hong Kong. Jul 2023. Prices in Hong Kong - Numbeo Mobile phone plan (Unlimited data): The estimated monthly cost for an unlimited data mobile phone plan in Hong Kong ranges from $26 to $43 USD or HKD 200 to HKD 330. Street food in Hong Kong costs an average of $150 to $250 per month or HKD 1,200 to HKD 1,900. A great monthly budget for a single person living in Hong Kong, is around $4000 to $5000 monthly. Continue with Recommended Cookies, Posted on Published: March 13, 2023- Last updated: June 16, 2023. Limited outdoor recreational opportunities: Due to its dense urban environment, Hong Kong has limited opportunities for outdoor recreation, particularly for those who enjoy hiking, camping, or other outdoor activities. Mid-range restaurants in Hong Kong cost an average of $600 to $1,200 per month or HKD 4,600 to HKD 9,200. Cost of Living in Hong Kong, Hong Kong - Cost of Live And moving Hong Kong is well established as one of the worlds leading financial centres with low taxes and a highly market driven economy. Mobile phone plan (Postpaid): The estimated monthly cost for a postpaid mobile phone plan in Hong Kong ranges from $20 to $35 USD or HKD 160 to HKD 280. Find out what is the real equivalent in Hong Kong of your current salary and improve your chances of a happy relocation. 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. Most monthly rentals are fully serviced and furnished. A crowdsourced database with a cost of living calculator for prices comparison in 9294 cities in 197 countries all over the world. There are different types of taxis, including urban, New Territories, and Lantau. While you may want to stay in a skyscraper, serviced apartments in smaller neighborhoods are often more affordable and more localized than those in the citys downtown area.