Hong Kong
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," remarked one expat in Hong Kong.
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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
William RussellWilliam Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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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:
"25.000 HKD/mth for 800 sqft in a 20 year old buliding in walking distance to subway (MTR) station in New Territories," said one expat in Hong Kong.
William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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," said one expat.
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.
Other Questions:
- What do I need to know before moving to Hong Kong?
- How do I find a place to live in Hong Kong?
- What is a typical expat home or apartment like in Hong Kong?
- What is the average cost of housing in Hong Kong?
- Should I buy or rent a home in Hong Kong?
- What should I pack when moving to Hong Kong?
- What cultural faux pas should I try to avoid making in Hong Kong?
- Why do people move to Hong Kong?
- How are healthcare services in Hong Kong?
- What are medical services in Hong Kong like?
- What are typical rents in Hong Kong?
- What appliances are typically included in a rental?
