Cost of Living in Hong Kong
Last updated on Mar 01, 2024
Summary: The cost of living in Hong Kong is generally high. A nice 1 bedroom apartment can cost anywhere from $2,000 to $4,000 USD per month, while a nice 2 bedroom apartment can cost anywhere from $3,000 to $6,000 USD per month. Dinner at a moderately priced restaurant can cost around $20 USD per person.
Is the cost of living in Hong Kong high?
We asked people how much they someone comfortably live on in Hong Kong, they wrote:
"The cost of living in Hong Kong is generally high, with rent and food prices being particularly expensive. Transportation is relatively affordable, however, and there are plenty of options for entertainment and leisure activities. Overall, the cost of living in Hong Kong is higher than in many other cities around the world," said one expat in Hong Kong.
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Will I save money living in Hong Kong?
"Living in Hong Kong can be more cost-effective than living in the United States in some areas. The cost of living in Hong Kong is generally lower than in the United States, with rent and groceries being particularly cheaper. Additionally, public transportation is widely available and affordable, making it easier to get around without needing to own a car. Furthermore, Hong Kong has a lower tax rate than the United States, which can help to reduce overall living costs," said one expat in Hong Kong.
What is the average cost of housing in Hong Kong?
If you are thinking about moving to Hong Kong, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Hong Kong is generally quite high, with the average cost of a one-bedroom apartment in the city center being around $3,000 USD per month. Prices can vary greatly depending on the location and size of the property, with some luxury apartments costing upwards of $10,000 USD per month," said one person in Hong Kong.
"25.000 HKD/mth for 800 sqft in a 20 year old buliding in walking distance to subway (MTR) station in New Territories," remarked one expat in Hong Kong.
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What are typical rental prices for expats in Hong Kong?
"The rental price for a nice 1 bedroom apartment in Hong Kong can range from around $2,000 to $4,000 USD per month, while a nice 2 bedroom apartment can range from around $3,000 to $6,000 USD per month," wrote an expat living in Hong Kong.
What appliances are typically included in a rental?
We asked foreigners in Hong Kong what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Hong Kong, rental properties typically include a refrigerator, washing machine, air conditioner, and stove. Some properties may also include a microwave, dishwasher, and water heater," mentioned one expat in Hong Kong.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
Additional Information:
- Hong Kong Guide
- Healthcare & Health Insurance in Hong Kong
- Members Talk about Healthcare & Health Insurance in Hong Kong
- Best Places to Live in Hong Kong
- Guide to Real Estate in Hong Kong
- Pros & Cons of Living in Hong Kong
- Cost of Living in Hong Kong
- Do I need Health Insurance When Moving to Hong Kong?
- Having a Baby in Hong Kong
- Health Insurance in Hong Kong
- Best Places to Visit in Hong Kong for Christmas Cheer
- 2024 Guide to Living in Hong Kong
- Pros and Cons of Living in Hong Kong 2024