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," wrote a person living 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:
"Housing costs are much higher here. For the price of this flat, I could just about get a mansion in England. Our flat (3000 sq ft) here is not in one of the better locations, but it still cost 6,000,000 Hong Kong dollars in 1989. I am told I could get about 10 million for it now," remarked one 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," explained one expat.
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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," remarked one expat living 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.
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