Quick Answer: What Is A Good Salary In Hong Kong?

Is it difficult to get a job in Hong Kong?

Although Hong Kong has a reputation as an expat playground, it has never been harder to find a job here.

Competition from mainland immigrants is fierce, and work visa rules are tighter than ever before.

Finding work for the lone expat is much more difficult, primarily because they don’t speak Cantonese..

Is Hong Kong expensive to eat?

While meal prices in Hong Kong can vary, the average cost of food in Hong Kong is HK$205 per day. Based on the spending habits of previous travelers, when dining out an average meal in Hong Kong should cost around HK$82 per person. Breakfast prices are usually a little cheaper than lunch or dinner.

How much money should I bring to Hong Kong?

Travellers in and out of Hong Kong will need to declare if they are carrying more than HK$120,000 (US$15,300) in cash, after a new law to tackle dirty money comes into force in mid-July.

What is a good salary in Hong Kong 2020?

As of January 2020, the new minimum salary is of HK$ 37.5. It is also a good figure to base you research on, if you are coming to HK as an expat. The current average salary per month is 19100 HKD (2430 USD) for male workers and 14700 HKD (1875 USD) for female workers.

Is 30000 hkd a good salary?

If you want a more decent place to live in, say 500 sq feet in downtown, HKD 30k (your whole salary) may not be enough. … So, IMHO, if your company provides housing for you, I think HKD 30000 is OK, not very nice, but OK, and you should be able to live a comfortable life.

Why are taxes so low in Hong Kong?

Companies and workers in Hong Kong enjoy some of the lowest taxes in the world. This is partly because the government has huge fiscal reserves equivalent to more than 12 months of expenditure. The interest received on these reserves is a crucial source of revenue, and helps keep the tax burden light.

How much does a house cost in Hong Kong?

According to the report, the average price of a home in Hong Kong in 2019 is more than $1.2 million. High demand and short supply have driven property prices to “unaffordable” levels in recent years, with the territory planning to build an $80 billion artificial island to help fix the crisis.

What is the average cost of living in Hong Kong?

What are the general living expenses for Hong Kong? How much can you get by on?Living expenses in Hong Kong (excluding rent)Hong Kong average costSingle person, per monthHK$6,865Single person, per yearHK$82,380University student, per monthHK$5,2984 person family, per monthHK$24,4721 more row•Aug 31, 2017

How much is an average apartment in Hong Kong?

The average rent for a one-bedroom apartment in Hong Kong can range from 12,000 to 20,000 HKD (1,500 to 2,500 USD) or more per month. On the upside, most apartments easily meet the highest standards of living. Older buildings are often renovated to offer their tenants the same comfort as new housing developments.

Is Hong Kong expensive to live?

Foreigners may think that, in a bustling metropolis such as Hong Kong, life doesn’t come cheap. … 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.

What is considered high income earner?

A family earning between $30,000 and $50,000 was considered lower-middle class. For high earners, a three-person family needed an income between $100,000 and $350,000 to be considered upper-middle class, Rose says. Those who earn more than $350,000 are rich.

How many Americans live in Hongkong?

85,000 AmericansThere were estimated to be 85,000 Americans in Hong Kong as of 2018.

Is it cheaper to live in Hong Kong or Singapore?

Cost of living: According to website Expatisan.com, the cost of living in Singapore is 9 percent cheaper than in Hong Kong overall. This takes into account variables such as cost of food, housing, clothes, transportation, personal care and entertainment.

How bad is the air quality in Hong Kong?

Hong Kong has the world’s highest traffic density as well as coal-burning power plants which contribute an estimated 50% to the total level of pollution. That said, pollution from China is a major problem. The worst days of air pollution in Hong Kong are usually caused by wind blowing the smog in from China.

What is considered a good salary in Hong Kong?

A HK$1.5 million yearly income would mean a monthly salary of HK$125,000. According to the Population Census last year, only 4.2 per cent of the working population earn more than HK$60,000 a month, the highest category in the report. Hongkongers on average earn HK$12,800 per month.

What is considered middle class in Hong Kong?

A Hong Kong household earning HK$55,000 a month or above could be classified as middle class, Yip said. Yet only about 10 per cent of the 2.4 million households in the city earn that much, according to government figures (an average household has 3.2 persons).

What is the most expensive city in the world?

ParisParis has come top of a ranking of the world’s most expensive cities, alongside Hong Kong and Singapore. It’s the first time three cities have shared the top spot in the 30-year history of the annual Economist Intelligence Unit survey.

How much tax do I pay in Hong Kong?

Individuals are taxed at progressive rates on their net chargeable income (i.e. assessable income after deductions and allowances) starting at 2% and is capped at 17%; or 15% of net income (i.e. income after deductions only), whichever is lower. For further details, refer to Hong Kong Personal Income Tax guide.

How much do doctors earn in Hong Kong?

The typical Hong Kong Hospital Authority Resident Physician salary is HK$70,500. Resident Physician salaries at Hong Kong Hospital Authority can range from HK$58,345 – HK$90,000.

What is the average wage in Hong Kong?

$363k.The average salary in Hong Kong is HK$363k. Trends in wages decreased by -100.0 percent in Q2 2020. The cost of living in Hong Kong is 100 percent higher than the national average.