Is the cost of living in Hong Kong high?

"The cost of living in Hong Kong is generally high, with rent and food being particularly expensive. Prices for basic necessities such as groceries, transportation, and utilities are also high. The cost of entertainment and leisure activities can also be quite expensive, especially in the more popular tourist areas. Despite the high cost of living, Hong Kong remains an attractive destination for many due to its vibrant culture, excellent infrastructure, and world-class amenities," mentioned another expat when asked about moving to Hong Kong, Hong Kong.