Cost of living in Hong Kong Introduction
Hey Friends! The Cost Of Living In Hong Kong makes it possible to Live For $2,370 – $10,600 (HKD 18,500 – HKD 83,161) Per Month. For a strict Budget vs a Luxury Budget.
Hong Kong is a vibrant city with a unique blend of Eastern and Western cultures, stunning skylines, and natural beauty. However, living in Hong Kong can be expensive, and it’s important to know what you’re getting into before making the move.
In this article, we’ll take a deep dive into the cost of living in Hong Kong, so you can decide whether this dynamic city is the right fit for your lifestyle and budget
This article will take you on a journey with Videos, a Table of expenses, Facebook Groups, Rental sites and more to explore the costs of living in Hong Kong, from housing and transportation to food and things to do here.
With our expert analysis, practical insights, Research and personal experience in Hong Kong, you’ll know what to expect when moving to Hong Kong.
Whether you’re a digital nomad, Expat, Retiree, or just looking to experience Hong Kong for a few months, our guide is going to help you make the most of your budget with a range of expenses estimated to cost between $2,370 – $10,600 (HKD 18,500 – HKD 83,161) Per Month.
Here are 6 reasons why you should consider moving to Hong Kong:
- Cost of Living In Hong Kong: The Average monthly cost of living, including rent, utilities, food, and transportation, ranges from $2,370 – $10,600 (HKD 18,500 – HKD 83,161) Per Month. A studio apartment in the city can cost as low as $1500 per month, while a one-bedroom apartment can range from $1,800 to $3,500 per month.
- Natural Beauty
- Beautiful Skylines
- Rich Culture and History
- Safe Country and Friendly Locals
- Exciting Food Scene
Table Of Contents
Cost Of Living in Hong Kong Quick Facts Key Takeaways
Here are some quick facts about the cost of living in Hong Kong:
- Here’s a breakdown of some key expenses: Total Monthly Living Costs in Hong Kong, Is $2,370 – $10,600 (HKD 18,500 – HKD 83,161) Per Month. For all expenses, and if you budget smartly, you can expect to spend $3200 to $5500 per month for all expenses.
- Hong Kong, is 20% times cheaper than New York City, United States.
- Living well in Hong Kong is possible with a monthly income of around $4500.
- The monthly rent, food budget, housing expenses, and transportation options in Hong Kong are determined by your budget.
- To maintain the same standard of life as $10,000 in New York City, an estimated $8,460 is needed in Hong Kong.
- On average, the cost of living in Hong Kong, is 20% cheaper than in New York City, United States.
- On average, rent in Hong Kong is 20% cheaper than in New York City, New York, USA.
- The costs of rent in Hong Kong range from $2000 – $7,250 Per month. Depending on your budget.
- A budget food and grocery plan in Hong Kong will cost around $400 – $1600 per month, depending on location and budget.
- An estimated monthly cost for a family of four in Hong Kong is $6050.
- An estimated monthly cost for a single person in Hong Kong is $2500 – 4,000.
- Transportation costs in Hong Kong are estimated to be $50 – $150 per month.
- Expats and digital nomads may spend more, $3200 – $5100 per month, to maintain their living standards in Hong Kong. We spent around $2,390 – $6,000 (HKD 18,600 – HKD 46,110 Hong Kong Dollar) per month for example.
Our Personal Costs of Living in Hong Kong: Table of expenses Breakdown 2024
This Is a table of expenses of what we personally spent living as digital nomads every month in Hong Kong. Sometimes, we spent less or more.
Here’s a breakdown of our monthly cost of living in Hong Kong:
- Our Monthly Cost of Rent and Accommodation in Hong Kong: Our monthly cost for rent and accommodation ranges from $1,500 to $4,500 (HKD 11,700 – HKD 35,100), depending on the size of the apartment. We used Spacious.hk To Find Hong Kong Properties For Sale in Hong Kong, as they are by far the best Apartment Rental Website in Hong Kong.
- Our Monthly Cost of Utilities in Hong Kong: We typically spend between $100 and $200 (HKD 780 – HKD 1,560) per month on utilities, including electricity, water, and gas.
- Our Monthly Cost of Gym Membership in Hong Kong: Our gym membership costs between $50 and $150 (HKD 390 – HKD 1,170) per month, depending on the type of gym and services offered.
- Our Monthly Cost of Food and Groceries in Hong Kong: We spend between $400 and $800 (HKD 3,120 – HKD 6,240) per month on food and groceries, including dining out and cooking at home.
- Our Monthly Cost of Transportation in Hong Kong: Our monthly transportation costs range from $40 to $100 (HKD 312 – HKD 780), depending on the mode of transportation used, such as public transit or taxis.
- Our Monthly Cost of Activities, Leisure, and Entertainment in Hong Kong: We typically spend between $200 and $500 (HKD 1,560 – HKD 3,900) per month on activities such as movies, concerts, and other entertainment.
- Our Monthly Cost of Health Insurance in Hong Kong: Our monthly cost for health insurance ranges from $100 to $300 (HKD 780 – HKD 2,340), depending on the level of coverage and provider.
Overall, our total monthly expenses for living in Hong Kong range from $2,390 to $6,000 (HKD 18,600 – HKD 46,110), depending on our lifestyle and spending habits.
Here is a table of Expenses for what we personally spent in Hong Kong:
| Our Monthly Cost of Living In Hong Kong | Cost (USD) | Cost (HKD) |
|---|---|---|
| Our Monthly Cost of Rent and Accommodation | $1,500 – $4,500 | HKD 11,700 – HKD 35,100 |
| Our Monthly Cost of Utilities | $100 – $200 | HKD 780 – HKD 1,560 |
| Our Gym Cost per month in Hong Kong | $50 – $150 | HKD 390 – HKD 1,170 |
| Our Monthly Cost of Food and Groceries | $400 – $800 | HKD 3,120 – HKD 6,240 |
| Our Monthly Cost of Transportation | $40 – $100 | HKD 312 – HKD 780 |
| Our Monthly Cost of Activities, Leisure, Entertainment | $200 – $500 | HKD 1,560 – HKD 3,900 |
| Our Monthly Cost of Health Insurance | $100 – $300 | HKD 780 – HKD 2,340 |
| Our Monthly Cost of Living in Hong Kong total expenses | $2,390 – $6,000 | HKD 18,600 – HKD 46,110 |
| Our Monthly Cost of Living in Hong Kong total expenses | $2,390 – $6,000 | HKD 18,600 – HKD 46,110 |
Monthly Cost of Living in Hong Kong Summary Cost Of Rent, Groceries, Transportation, Healthcare: $2,370 – $4,600 (HKD 18,500 – HKD 35,880) Per Month
You can live in Hong Kong, for around $2,370 a month for all expenses on a tight budget or $10,000 a month if you want to live much more luxuriously. The Cost of living in Hong Kong is from $2,370 – $4,600 (HKD 18,500 – HKD 35,880) Per Month.
You can still maintain a monthly budget and enjoy all the beautiful things Hong Kong, offers.
The following is a breakdown of the average cost of living in Hong Kong:
- Rent: A studio apartment in Hong Kong will cost you $1,200 to $2,000 USD or HKD 9,360 to HKD 15,600 per month, while a 1 bedroom apartment will cost $1,500 to $3,000 USD or HKD 11,700 to HKD 23,400. A 2 bedroom apartment will cost $2,500 to $4,500 USD or HKD 19,500 to HKD 35,100, and a 3 bedroom apartment will cost $3,500 to $7,000 USD or HKD 27,300 to HKD 54,600.
- Utilities: Your monthly bill for electricity and water should be around $50 to $100 USD or HKD 390 to HKD 780.
- Mobile phone and internet: An unlimited data plan and sim card for your mobile phone will cost $30 to $50 USD or HKD 234 to HKD 390, and wifi internet will cost the same.
- Food and entertainment: Groceries and dining out in Hong Kong can cost around $500 to $1,000 USD or HKD 3,900 to HKD 7,800 per month, depending on your lifestyle choices. Party-goers can expect to spend more.
- Transportation: Public transportation will cost you around $60 to $150 USD or HKD 470 to HKD 1,170 per month.
- Healthy activities: Activities like gym memberships, martial arts classes, yoga, and massages will cost $50 to $150 USD or HKD 390 to HKD 1,170 per month.
- Health insurance: To ensure you’re covered in case of illness or injury, it’s recommended that you get health insurance. Plans like SafetyWing, World Nomads, or Medicare cost around $50 to $150 USD or HKD 390 to HKD 1,170 per month.
If you add up all these expenses, you can expect to spend $2,370 to $4,600 USD or HKD 18,500 to HKD 35,880 per month for your cost of living in Hong Kong.
A great monthly budget for a single person living in Hong Kong, is around $4000 to $5000 monthly. You can also do it for cheaper.
The costs of living in Hong Kong, Depending on various factors and spending habits, the price may change. Others spend $10,000 or more each month for an extravagant, next-level lifestyle or even $2,500 on the strictest budget staying in hostels, couchsurfing, and smaller studio apartments, ensuring they make it work no matter what!
- Expect to spend $2,370 – $10,600 (HKD 18,500 – HKD 83,161) Per Month. for a single person or a family living in Hong Kong. $4000 per Month is sufficient to live on.
- Local Hong Kong markets, Local Food trucks, Local food shops, and supermarkets are the most cost-effective and knowledgeable ways to shop and eat in Hong Kong!
Here is a table of expenses for a couple living in Hong Kong per month:
| Average Cost of Living In Hong Kong | Cost in USD | Cost in HKD |
|---|---|---|
| Rent (Studio apartment) | $1,200 – $2,000 | HKD 9,360 – HKD 15,600 |
| Rent (1 bedroom apartment) | $1,500 – $3,000 | HKD 11,700 – HKD 23,400 |
| Rent (2 bedroom apartment) | $2,500 – $4,500 | HKD 19,500 – HKD 35,100 |
| Rent (3 bedroom apartment) | $3,500 – $7,000 | HKD 27,300 – HKD 54,600 |
| Utilities (electricity, water) | $50 – $100 | HKD 390 – HKD 780 |
| Mobile phone (unlimited data plan, Sim Card) | $30 – $50 | HKD 234 – HKD 390 |
| Internet (wifi) | $30 – $50 | HKD 234 – HKD 390 |
| Food (groceries, dining out, Partying, nightlife) | $500 – $1,000 | HKD 3,900 – HKD 7,800 |
| Transportation (Public transport, Taxi, Scooter, car) | $60 – $150 | HKD 470 – HKD 1,170 |
| Healthy activities (gym, martial arts, yoga, massages) | $50 – $150 | HKD 390 – HKD 1,170 |
| Health insurance (SafetyWing, World Nomads, or Medicare) | $50 – $150 | HKD 390 – HKD 1,170 |
| Cost of Living In Hong Kong Per Month Total Expenses | $2,370 – $10,600 | HKD 18,500 – HKD 83,161 |
Cost of Living in Hong Kong: Table of Expenses in 2024
This table of expenses will help you plan your budget for your move to Hong Kong.
The Cost of living table below An extensive poll of Digital Nomads, Expats, travelers, our personal experience living Here, Locals, and Numbeo users were used to put this together.
The Exchange Rate is $1 USD is Currently equal to 7.84 HKD Currency Hong Kong Dollar This estimate is based on a Strict Budget Vs. A luxury Budget in Hong Kong per Month! The Cost Of Living Per Month In Hong Kong, is $2,370 – $10,600 (HKD 18,500 – HKD 83,161) Per Month or more, depending on your spending habits! Check out the Currency Converter.
Here is the Table of the monthly budget for two people living in Hong Kong:
| Cost of living in Hong Kong per person | Cost in USD ($) | Cost in HKD (HKD) |
|---|---|---|
| Cost of living for a single person in Hong Kong | $1,800 – $3,500 | HKD 14,000 – 27,000 |
| Cost of living for a couple in Hong Kong | $3,000 – $6,000 | HKD 23,000 – 47,000 |
| Cost of living for a family of four in Hong Kong | $5,000 – $10,000 | HKD 39,000 – 78,000 |
| Average Monthly Expenses in Hong Kong | Cost in USD ($) | Cost in HKD (HKD) |
|---|---|---|
| Average monthly rent for a studio | $1,200 – $2,500 | HKD 9,400 – HKD 19,500 |
| Average monthly cost for food and groceries | $400 – $800 | HKD 3,100 – HKD 6,200 |
| Average monthly cost for dining out | $400 – $800 | HKD 3,100 – HKD 6,200 |
| Average monthly cost for miscellaneous items | $400 – $800 | HKD 3,100 – HKD 6,200 |
| Average monthly cost for utilities | $100 – $200 | HKD 780 – HKD 1,560 |
| Average monthly cost for transportation | $50 – $100 | HKD 390 – HKD 780 |
| Total average monthly cost of living in Hong Kong | $2,550 – $5,000 | HKD 19,900 – HKD 39,000 |
| Cost of Living in Hong Kong Expenses | Cost (Monthly) in USD | Cost (Monthly) In HKD |
|---|---|---|
| Cost of Rent and Accommodation in Hong Kong | $1,200 – $4,500 | HKD 9,400 – HKD 35,100 |
| Cost of Food and Groceries | $400 – $800 | HKD 3,100 – HKD 6,200 |
| Cost of Utilities | $100 – $200 | HKD 780 – HKD 1,560 |
| Cost of Public Transportation | $50 – $100 | HKD 390 – HKD 780 |
| Cost of Private Transportation | $300 – $500 | HKD 2,300 – HKD 3,900 |
| Cost of Healthcare | $200 – $400 | HKD 1,560 – HKD 3,100 |
| Cost of Entertainment | $200 – $400 | HKD 1,560 – HKD 3,100 |
| Cost of Clothing and Personal Items | $100 – $200 | HKD 780 – HKD 1,560 |
| Cost of Activities and Excursions | $100 – $200 | HKD 780 – HKD 1,560 |
Cost of Rent In Hong Kong In-Depth Summary And Table of Expenses
The cost of accommodation in Hong Kong is essential for many expats, retirees, digital nomads, and locals. It can vary depending on the apartment type and location you are looking for.
The cost of studio and one-bedroom apartments in Hong Kong:
- A studio apartment in the city of Hong Kong costs between $1,800 to $3,600 USD (HKD 14,000 to HKD 28,000).
- A studio apartment outside the city of Hong Kong costs between $1,200 to $2,400 USD (HKD 9,000 to HKD 18,000).
- A one-bedroom apartment in the city of Hong Kong costs between $2,500 to $5,000 USD (HKD 19,500 to HKD 39,000).
- A one-bedroom apartment outside the city of Hong Kong costs between $1,800 to $3,600 USD (HKD 14,000 to HKD 28,000).
| Cost of a Apartment in Hong Kong | Location | Average Cost per Month (USD) | Average Cost per Month (HKD) |
|---|---|---|---|
| Cost of a Studio apartment in the city of Hong Kong | City | $1,800 – $3,600 | HKD 14,000 – HKD 28,000 |
| Cost of a Studio apartment outside the city of Hong Kong | Outside City | $1,200 – $2,400 | HKD 9,000 – HKD 18,000 |
| Cost of a 1 bedroom in the city of Hong Kong | City | $2,500 – $5,000 | HKD 19,500 – HKD 39,000 |
| Cost of a 1 bedroom outside the city of Hong Kong | Outside City | $1,800 – $3,600 | HKD 14,000 – HKD 28,000 |
The Cost of 2 Bedroom Apartment in Hong Kong:
- The cost of a 2 Bedroom Apartment In the city of Hong Kong, the average cost per month ranges from $4,500 to $9,000 USD (HKD 35,000 to HKD 70,000).
- Cost of a 2 bedroom apartment in Hong Kong Outside the city, the cost is lower, with an average range of $3,000 to $6,000 USD (HKD 23,000 to HKD 47,000) per month.
| Cost of a 2 Bedroom Apartment in Hong Kong | Location | Average Cost per Month (USD) | Average Cost per Month (HKD) |
|---|---|---|---|
| Cost of a 2 Bedroom Apartment in the city of Hong Kong | City | $4,500 – $9,000 | HKD 35,000 – HKD 70,000 |
| Cost of a 2 Bedroom Apartment outside the city of Hong Kong | Outside City | $3,000 – $6,000 | HKD 23,000 – HKD 47,000 |
The Cost of a 3 bedroom apartment in Hong Kong:
- The cost of a 3-bedroom apartment In the city of Hong Kong, the average monthly cost of a 3-bedroom apartment is between $7,500 and $15,000 USD, or HKD 58,000 to HKD 117,000.
- Outside the city of Hong Kong, the average monthly cost of a 3-bedroom apartment is between $4,500 and $9,000 USD, or HKD 35,000 to HKD 70,000.
| Cost of a 3 bedroom Apartment in Hong Kong | Location | Average Cost per Month (USD) | Average Cost per Month (HKD) |
|---|---|---|---|
| Cost of a 3 bedroom Apartment in the city of Hong Kong | City | $7,500 – $15,000 | HKD 58,000 – HKD 117,000 |
| Cost of a 3 bedroom Apartment outside the city of Hong Kong | Outside City | $4,500 – $9,000 | HKD 35,000 – HKD 70,000 |
The Cost of a Luxury Apartment in Hong Kong per month:
- Cost of a luxury apartment In the city of Hong Kong, the average monthly cost of a luxury apartment is $15,000 or more, equivalent to HKD 117,000 or more.
- For luxury apartments located outside the city of Hong Kong, the average monthly cost is $9,000 or more, equivalent to HKD 70,000 or more.
| Cost of a Luxury apartment in Hong Kong | Location | Average Cost per Month (USD) | Average Cost per Month (HKD) |
|---|---|---|---|
| Cost of a Luxury apartment in the city of Hong Kong | City | $15,000+ | HKD 117,000+ |
| Cost of a Luxury apartment outside the city of Hong Kong | Outside City | $9,000+ | HKD 70,000+ |
Suppose you’re considering renting an apartment in Hong Kong. In that case, your best bet is to opt for a monthly rental in person, via Facebook Marketplace, Real estate Hong Kong rental site, Booking.com, and Airbnb.
- To save money on your rental and daily expenses, consider looking for an apartment located in a neighborhood with access to local markets, gyms, and restaurants and short walking distances and safe areas.
- You can also join Facebook groups such as “Digital Nomads in Hong Kong” or “Expats in Hong Kong” and Hong Kong rental group on Facebook to connect with others and potentially find affordable rental options.
- Alternatively, consider staying at a Hostel, Airbnb, hotel monthly, homestay, guesthouse, or bed and breakfast in Hong Kong for more affordable rates rather than a costly hotel or tourist location.
Monthly Rent in Hong Kong: Table of Expenses in 2024
Here is a table of expenses for the Cost of rent and Accommodation in Hong Kong per month:
| Cost of Rent in Hong Kong | Cost per Month (USD) | Cost per Month (HKD) |
|---|---|---|
| Studio Apartment | $1,500 – $3,000 | HKD 11,700 – HKD 23,400 |
| 1 Bedroom Apartment | $2,000 – $4,000 | HKD 15,600 – HKD 31,200 |
| 2 Bedroom Apartment | $3,500 – $6,000 | HKD 27,300 – HKD 46,800 |
| 3 Bedroom Apartment | $6,000 – $10,000 | HKD 46,800 – HKD 78,000 |
| Luxury Apartment | $8,000 – $25,000 | HKD 62,400 – HKD 195,000 |
| Average Monthly Rent Expense in Hong Kong | Average Monthly Rent in USD | Average Monthly Rent in HKD |
|---|---|---|
| Average monthly rent for a Studio Apartment | $1,800 – $2,800 | HKD 14,040 – HKD 21,840 |
| Average monthly rent for a 1 Bedroom Apartment | $2,400 – $4,000 | HKD 18,720 – HKD 31,200 |
| Average monthly rent for a 2 Bedroom Apartment | $3,800 – $6,000 | HKD 29,640 – HKD 46,800 |
| Average monthly rent for a 3 Bedroom Apartment | $6,500 – $9,000 | HKD 50,700 – HKD 70,200 |
Here is a table of estimated costs for rent and accommodation in Hong Kong:
| Accommodation Type in Hong Kong | Average Monthly Cost in USD | Average Monthly Cost in HKD |
|---|---|---|
| Price of a 1 bedroom apartment in city center | 1,800 – 3,000 USD | 14,000 – 23,000 HKD |
| Price of a 1 bedroom apartment outside city | 1,100 – 1,800 USD | 8,500 – 14,000 HKD |
| Price of a studio apartment in city center | 1,200 – 2,500 USD | 9,300 – 19,500 HKD |
| Price of a studio apartment outside city center | 900 – 1,700 USD | 7,000 – 13,200 HKD |
| Price of a shared room in city center | 700 – 1,100 USD | 5,400 – 8,500 HKD |
| Price of a shared room outside city center | 500 – 900 USD | 3,900 – 7,000 HKD |
| Price of a hotel room (3-star) | 100 – 200 USD | 780 – 1,550 HKD |
| Price of a hotel room (5-star) | 220 – 450 USD | 1,700 – 3,500 HKD |
| Price of a 2 bedroom apartment in city center | 2,800 – 5,000 USD | 22,000 – 39,000 HKD |
| Price of a 2 bedroom apartment outside city | 1,800 – 2,800 USD | 14,000 – 22,000 HKD |
| Price of a 3 bedroom apartment in city center | 4,200 – 7,000 USD | 33,000 – 55,000 HKD |
| Price of a 3 bedroom apartment outside city | 2,700 – 4,200 USD | 21,000 – 33,000 HKD |
| Housing Accommodation Type in Hong Kong | Price Range per day (USD) | Price Range per day (HKD) |
|---|---|---|
| Hostel | $10 – $50 | HKD 78 – HKD 390 |
| Budget Hotel | $50 – $100 | HKD 390 – HKD 780 |
| Mid-range Hotel | $100 – $250 | HKD 780 – HKD 1950 |
| Luxury Hotel | $250 – $500 | HKD 1950 – HKD 3900 |
| Vacation Rental | $50 – $500 | HKD 390 – HKD 3900 |
| Guest House | $50 – $150 | HKD 390 – HKD 1170 |
| Bed & Breakfast | $50 – $150 | HKD 390 – HKD 1170 |
Living in Hong Kong Credible Reliable Sources
Here is a list of Government resources for Visas, Cost of living in Hong Kong, Facebook Groups, Aprtment rental sites, Tourism Boards, and more to help you with your potential move here! I hope this helps you all as you plan your move here!
- Here is a site to find Apartment rentals on Hong Kong Rental site and another Hong Kong Apartment Rental Site here and Hong Kong Expat Facebook Group
- We Used the Best Apartment Rental Website called spacious.hk to Find Apartments to rent in hong Kong
- Hong Kong Facebook Groups: Hong Kong Digital Nomad and expat Facebook group to connect with other expats and locals.
- Hong Kong Tourism Site: Hong Kong Tourism Board
- Hong Kong Data from the World Bank and World Data and Hong Kong Travel Data
- Hong Kong Embassy for more information like Visas and more from Hong Kong Embassy
- Transportation in Hong Kong: For more information check out the Government Of transportation in Hong Kong
- Government of Hong Kong
- For exchanging money use Wise Which is the Best Option if you are a digital nomad and Expat. a cheaper solution to send, spend and receive money internationally rather exchanging money through other platforms like Paypal, Payoneer that cost a lot of money for exchange fees and rates
Cost Of Transportation In Hong Kong Summary and Table of expenses
Expect to spend from $50 – $100 a month on Transportation, Most People don’t Own a car in Hong Kong because the parking fees are crazy, the best way to get around is to use the Subway, Tram and Ferry Here’s a breakdown of each option, including costs:
- MTR (Mass Transit Railway): The MTR is a fast and efficient subway system covering most Hong Kong areas, including the airport. With prices ranging from $0.80 to $2.30 USD (HKD 6.2 – 18), it’s also an affordable option.
- Bus: Buses are a great choice if you’re looking to travel to areas not covered by the MTR. Hong Kong offers different types of buses, including double-decker buses, air-conditioned buses, and minibuses. Prices range from $0.70 to $5.00 USD (HKD 5.5 – 39).
- Tram: The tram is a great choice for an affordable way to travel around Hong Kong Island. It runs from Kennedy Town to Shau Kei Wan and prices range from $0.26 to $0.38 USD (HKD 2 – 3).
- Taxi: Taxis are readily available in Hong Kong, and they’re metered. There are different types of taxis, including urban, New Territories, and Lantau. Prices range from $3.20 to $42.00 USD (HKD 24.5 – 325).
- Ferry: Ferries are affordable for travel between Hong Kong Island, Kowloon, and the outlying islands. Hong Kong offers different types of ferries, including Star Ferry, Hong Kong & Kowloon Ferry, and New World First Ferry. Prices range from $0.30 to $5.50 USD (HKD 2.5 – 42).
- Cable Car: The Ngong Ping 360 cable car is a popular tourist attraction that offers panoramic views of Hong Kong. It runs from Tung Chung to Ngong Ping on Lantau Island and prices range from $19.00 to $25.00 USD (HKD 150 – 200).
- Airport Express: If you need to get to the city center from the airport, the Airport Express is a fast and convenient train. It only takes 24 minutes to travel between the airport and Hong Kong Station, and prices range from $12.50 to $18.50 USD (HKD 100 – 140).
Here is a detailed table of estimated costs for public transportation in Hong Kong:
| Transportation Options in Hong Kong | Description | Price Range per Trip (USD) | Price Range per Trip (HKD) |
|---|---|---|---|
| MTR (Mass Transit Railway) | The MTR (Mass Transit Railway) is a subway system covering most Hong Kong areas, including the airport. It is fast, efficient, and affordable. | $0.80 – $2.30 | HKD 6.2 – 18 |
| Bus | Buses cover areas that are not serviced by the MTR. There are different types of buses, including double-decker buses, air-conditioned buses, and minibuses. | $0.70 – $5.00 | HKD 5.5 – 39 |
| Tram | The tram is an affordable way to travel around Hong Kong Island. It runs from Kennedy Town to Shau Kei Wan. | $0.26 – $0.38 | HKD 2 – 3 |
| Taxi | Taxis are readily available in Hong Kong, and they are metered. There are different types of taxis, including urban taxis, New Territories taxis, and Lantau taxis. | $3.20 – $42.00 | HKD 24.5 – 325 |
| Ferry | Ferries are an affordable way to travel between Hong Kong Island, Kowloon, and the outlying islands. There are different types of ferries, including Star Ferry, Hong Kong & Kowloon Ferry, and New World First Ferry. | $0.30 – $5.50 | HKD 2.5 – 42 |
| Cable Car | The Ngong Ping 360 cable car offers panoramic views of Hong Kong and is a popular tourist attraction. It runs from Tung Chung to Ngong Ping on Lantau Island. | $19.00 – $25.00 | HKD 150 – 200 |
| Airport Express | The Airport Express is a fast and convenient train that connects the airport to the city center. It takes only 24 minutes to travel between the airport and Hong Kong Station. | $12.50 – $18.50 | HKD 100 – 140 |
Additionally, here are some other related expenses:
- Gasoline (1 gallon): around $4 – $7 per gallon.
| Monthly Cost Of Gas and Petrol For Scooter in Hong Kong | Cost in USD | Cost In HKD |
|---|---|---|
| Average monthly cost for gasoline, Petrol for scooter | $30 – $110 | HKD 240 – 780 HKD |
Ultimately, we recommend renting a using the public transportation MTR (Mass Transit Railway), Tram, and Ferry This will give you the best experience, and you can explore Hong Kong this way we definitely don’t recommend buying a car it is very unnecessary in Hong Kong.
For more information check out the Government Of transportation in Hong Kong
Cost of Food and Markets In Hong Kong Explained: Table Of Expenses 2024
The cost of food in Hong Kong can vary depending on your lifestyle, dining preferences, and dietary restrictions. Here is a breakdown of the average monthly costs for food in Hong Kong:
- Local food in Hong Kong costs an average of $300 to $500 per month or HKD 2,300 to HKD 3,900.
- Mid-range restaurants in Hong Kong cost an average of $600 to $1,200 per month or HKD 4,600 to HKD 9,200.
- Fine dining restaurants in Hong Kong cost an average of $1,500 to $3,000 per month or HKD 11,500 to HKD 23,000.
- Groceries in Hong Kong cost an average of $400 to $800 per month or HKD 3,100 to HKD 6,200.
- Supermarkets that sell imported goods cost an average of $800 to $1,200 per month or HKD 6,200 to HKD 9,200.
- Street food in Hong Kong costs an average of $150 to $250 per month or HKD 1,200 to HKD 1,900.
- Specialty food stores in Hong Kong cost an average of $300 to $500 per month or HKD 2,300 to HKD 3,900.
Overall, the monthly cost of food in Hong Kong ranges from $300 to $2,000 or HKD 2,200 to HKD 15,400.
Here is a table of expenses for the Cost of Food in Hong Kong per month:
| Cost of Food in Hong Kong | Average Monthly Cost (USD) | Average Monthly Cost (HKD) |
|---|---|---|
| Local food in Hong Kong | $300 – $500 | HKD 2,300 – HKD 3,900 |
| Mid-range restaurants Hong Kong | $600 – $1,200 | HKD 4,600 – HKD 9,200 |
| Fine dining restaurants Hong Kong | $1,500 – $3,000 | HKD 11,500 – HKD 23,000 |
| Groceries Hong Kong | $400 – $800 | HKD 3,100 – HKD 6,200 |
| Supermarkets (imported goods) | $800 – $1,200 | HKD 6,200 – HKD 9,200 |
| Street food Hong Kong | $150 – $250 | HKD 1,200 – HKD 1,900 |
| Specialty food stores | $300 – $500 | HKD 2,300 – HKD 3,900 |
| Overall Monthly Cost of Food in Hong Kong | $300 – $2,000 | HKD 2,200 – HKD 15,400 |
| Average Monthly Food Costs in Hong Kong | Cost in USD | Cost in HKD |
|---|---|---|
| Local Food Markets, Street food and Local Supermarkets and cheaper dining options | $300 – $500 | HKD 2,300 – HKD 3,900 |
| Eating out at Mid range restaurants and expensive restaurants per month (No Budget) | $600 – $1,200 | HKD 4,600 – HKD 9,200 |
Here is an example table of expenses for the average monthly food and grocery costs in Hong Kong:
| Monthly Food Expenses in Hong Kong | Cost in USD | Cost in HKD |
|---|---|---|
| Average monthly cost for groceries | $400 – $800 | HKD 3,100 – HKD 6,200 |
| Average monthly cost for dining out | $600 – $1,200 | HKD 4,600 – HKD 9,200 |
| Average monthly cost for miscellaneous food items | $200 – $400 | HKD 1,500 – HKD 3,100 |
| Total average monthly cost for food in Hong Kong | $400 – $2,000 | HKD 3,100 – HKD 15,400 |
Here is a table of estimated costs for food and Groceries in supermarkets in Hong Kong:
| Cost Of Food and Groceries In a Supermarket in Hong Kong | Estimated Cost (USD) | Estimated Cost (HKD) |
|---|---|---|
| Milk (1 liter) | $2.27-$3.03 | HKD 18-24 |
| Bread (500g loaf) | $2.27-$3.03 | HKD 18-24 |
| Rice (1kg) | $1.13-$1.70 | HKD 9-13 |
| Chicken (1kg) | $5.67-$8.50 | HKD 44-66 |
| Apples (1kg) | $2.27-$3.03 | HKD 18-24 |
| Oranges (1kg) | $2.27-$3.03 | HKD 18-24 |
| Eggs (1 dozen) | $2.27-$3.03 | HKD 18-24 |
| Cheese (1kg) | $17.08-$22.77 | HKD 133-177 |
| Beef (1kg) | $11.34-$22.77 | HKD 88-177 |
| Potatoes (1kg) | $1.13-$1.70 | HKD 9-13 |
| Tomatoes (1kg) | $2.27-$3.03 | HKD 18-24 |
| Onion (1kg) | $1.13-$1.70 | HKD 9-13 |
| Water (1.5 liter bottle) | $0.68-$1.13 | HKD 5-9 |
| Soft drink (1.5 liter bottle) | $1.13-$1.70 | HKD 9-13 |
| Beer (330ml bottle) | $1.13-$2.27 | HKD 9-18 |
| Wine (mid-range bottle) | $11.34-$22.77 | HKD 88-177 |
| Fast food meal | $4.54-$6.81 | HKD 35-53 |
| Restaurant meal (mid-range) | $11.34-$22.77 | HKD 88-177 |
| Cost of Groceries and Food in Hong Kong | USD | HKD |
|---|---|---|
| Meal, Inexpensive Restaurant | $5.00 – $10.00 | HKD 39.00 – HKD 78.00 |
| Meal for 2, Mid-range Restaurant, Three-course | $35.00 – $60.00 | HKD 273.00 – HKD 468.00 |
| Combo Meal at McDonalds or Similar | $5.00 – $7.00 | HKD 39.00 – HKD 54.00 |
| Domestic Beer (0.5 liter draught) | $3.50 – $6.00 | HKD 27.00 – HKD 47.00 |
| Imported Beer (0.33 liter bottle) | $4.50 – $8.00 | HKD 35.00 – HKD 62.00 |
| Cappuccino (regular) | $3.00 – $5.00 | HKD 23.00 – HKD 39.00 |
| Coke/Pepsi (0.33 liter bottle) | $1.00 – $2.00 | HKD 8.00 – HKD 16.00 |
| Water (0.33 liter bottle) | $0.80 – $1.50 | HKD 6.00 – HKD 12.00 |
| Milk (regular), (1 liter) | $2.50 – $3.50 | HKD 19.00 – HKD 27.00 |
| Loaf of Fresh White Bread (500g) | $1.50 – $2.50 | HKD 12.00 – HKD 20.00 |
| Rice (white), (1kg) | $1.50 – $3.00 | HKD 12.00 – HKD 23.00 |
| Eggs (regular) (12) | $2.00 – $3.00 | HKD 15.00 – HKD 23.00 |
| Local Cheese (1kg) | $7.00 – $10.00 | HKD 54.00 – HKD 78.00 |
| Chicken Breasts (Boneless, Skinless), (1kg) | $7.00 – $10.00 | HKD 54.00 – HKD 78.00 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $10.00 – $15.00 | HKD 78.00 – HKD 117.00 |
| Apples (1kg) | $2.50 – $4.00 | HKD 19.00 – HKD 31.00 |
| Banana (1kg) | $1.50 – $2.50 | HKD 12.00 – HKD 20.00 |
| Oranges (1kg) | $2.00 – $3.00 | HKD 15.00 – HKD 23.00 |
| Tomato (1kg) | $2.00 – $3.00 | HKD 15.00 – HKD 23.00 |
| Potato (1kg) | $1.50 – $2.50 | HKD 12.00 – HKD 20.00 |
| Onion (1kg) | $1.50 – $2.50 | HKD 12.00 – HKD 20.00 |
| Lettuce | $1.70 – $2.14 | HKD 13.20 – HKD 16.70 |
| Water (1.5 liter bottle) | $1.09 – $1.36 | HKD 8.50 – HKD 10.60 |
| Bottle of Wine (Mid-Range) | $17.17 – $25.75 | HKD 133.50 – HKD 200.00 |
Cost of Utilities in Hong Kong Summary and Table of Expenses 2024
Here is a detailed breakdown of the estimated monthly cost of utilities in Hong Kong:
- Basic electricity/gas: The estimated monthly cost for basic electricity and gas in Hong Kong ranges from $95 to $144 USD or HKD 740 to HKD 1,120.
- Water: The estimated monthly cost for water in Hong Kong ranges from $23 to $32 USD or HKD 180 to HKD 250.
- Internet (Broadband): The estimated monthly cost for broadband internet in Hong Kong ranges from $24 to $42 USD or HKD 190 to HKD 330.
- Mobile phone sim card (Prepaid): The estimated monthly cost for a mobile phone sim card in Hong Kong ranges from $7 to $13 USD or HKD 50 to HKD 100.
- Mobile phone plan (Postpaid): The estimated monthly cost for a postpaid mobile phone plan in Hong Kong ranges from $20 to $35 USD or HKD 160 to HKD 280.
- Mobile phone plan (Unlimited data): The estimated monthly cost for an unlimited data mobile phone plan in Hong Kong ranges from $26 to $43 USD or HKD 200 to HKD 330.
Total Cost of utilities in Hong Kong: The total estimated monthly cost for all utilities in Hong Kong, including basic electricity/gas, water, internet, and mobile phone plans, ranges from $195 to $309 USD or HKD 1,520 to HKD 2,410.
Here is an example table of expenses for the average monthly utilities in Hong Kong:
| Monthly Cost of Utilities in Hong Kong | Estimated Monthly Cost (USD) | Estimated Monthly Cost (HKD) |
|---|---|---|
| Basic electricity/gas | $95 – $144 | HKD 740 – HKD 1,120 |
| Water | $23 – $32 | HKD 180 – HKD 250 |
| Internet (Broadband) | $24 – $42 | HKD 190 – HKD 330 |
| Mobile phone sim card (Prepaid) | $7 – $13 | HKD 50 – HKD 100 |
| Mobile phone plan (Postpaid) | $20 – $35 | HKD 160 – HKD 280 |
| Mobile phone plan (Unlimited data) | $26 – $43 | HKD 200 – HKD 330 |
| Total Cost of utilities in Hong Kong | $195 – $309 | HKD 1,520 – HKD 2,410 |
Pros and Cons of Living in Hong Kong: Is it the Right Choice for You?
Pros of Living In Hong Kong:
- Excellent public transportation system: Hong Kong boasts one of the most efficient and extensive public transportation systems in the world, with a combination of buses, trains, and ferries that make it easy to get around the city quickly and affordably.
- Low crime rate: Hong Kong has a very low crime rate compared to other major cities, making it a safe place to live and raise a family.
- High quality healthcare: Hong Kong has an excellent healthcare system with modern facilities and highly trained medical professionals.
- Excellent food and dining options: Hong Kong is known for its diverse and delicious cuisine, with an abundance of affordable street food as well as high-end restaurants.
- Vibrant and diverse cultural scene: Hong Kong is a melting pot of different cultures and influences, offering a rich and diverse cultural experience with numerous festivals, museums, and other cultural attractions.
- Easy access to travel throughout Asia: As a major transportation hub, Hong Kong provides easy access to other Asian destinations, making it an ideal base for travelers and expats.
- Excellent job opportunities, particularly in finance and technology: Hong Kong is a major financial center and home to many multinational corporations, offering excellent job opportunities in various industries.
- World-class education system: Hong Kong has a highly respected education system, with numerous prestigious universities and international schools.
- Efficient and reliable public services, such as waste disposal and postal services: Hong Kong’s public services are efficient and reliable, making it a convenient place to live.
Cons of Living in Hong Kong:
- High cost of living: Hong Kong is one of the most expensive cities in the world, with high costs for housing, transportation, and other necessities.
- Crowded living spaces: Hong Kong is densely populated, with many residents living in small apartments and limited personal space.
- Air pollution: Hong Kong suffers from high levels of air pollution, particularly during the summer months.
- Typhoons and other extreme weather conditions: Hong Kong is prone to typhoons and other extreme weather conditions, which can disrupt daily life and cause property damage.
- Political tensions and protests: Hong Kong has experienced political tensions and protests in recent years, which can create a sense of uncertainty and instability.
- Limited outdoor recreational opportunities: Due to its dense urban environment, Hong Kong has limited opportunities for outdoor recreation, particularly for those who enjoy hiking, camping, or other outdoor activities.
- High stress and long work hours: Hong Kong’s competitive work environment can be stressful, with long work hours and a high-pressure culture.
- Limited political freedoms and free speech: While Hong Kong has a degree of autonomy from China, there are concerns about the erosion of political freedoms and free speech in the city.
- Difficulty in obtaining permanent residency or citizenship: Hong Kong’s immigration policies can make it difficult for foreigners to obtain permanent residency or citizenship, which can limit their long-term prospects in the city. but you can setup Businesses there really efficiently for online Workers as a digital nomad and expat.
Pros and Cons of Living in Hong Kong Table:
| Pros of Living In Hong Kong | Cons of Living in Hong Kong |
|---|---|
| Excellent public transportation system | High cost of living |
| Low crime rate | Crowded living spaces |
| High quality healthcare | Air pollution |
| Excellent food and dining options | Typhoons and other extreme weather conditions |
| Vibrant and diverse cultural scene | Political tensions and protests |
| Easy access to travel throughout Asia | Limited outdoor recreational opportunities |
| Excellent job opportunities, particularly in finance and technology | High stress and long work hours |
| World-class education system | Limited political freedoms and free speech |
| Efficient and reliable public services, such as waste disposal and postal services | Difficulty in obtaining permanent residency or citizenship |
Cost of Healthcare in Hong Kong
Medical care in Hong Kong is World Class and definitely reliable.
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Cost of Taxes in Hong Kong by Percentage
Here is in-depth information for the cost of Taxes in Hong Kong for each type of Tax and make sure to contact a local Hong Kong Tax Professional for more Information:
Individual Income Tax in Hong Kong
- Tax Type: Individual Income Tax
- Tax Rate: 2% – 17%
- Important Information:
- Progressive tax rates from 2% to 17% based on income levels.
- Salaries tax and property tax make up main personal taxes.
- Various allowances and deductions available.
Value Added Tax (VAT) in Hong Kong
- Tax Type: Value Added Tax (VAT)
- Tax Rate: 0%
- Important Information:
- There is no VAT or sales tax in Hong Kong currently.
- Purchase of goods and services is tax-free.
Corporate Income Tax in Hong Kong
- Tax Type: Corporate Income Tax
- Tax Rate: 8.25% – 16.5%
- Important Information:
- Low tax rate of 8.25% for first HK$2 million profits.
- Standard rate of 16.5% after that.
- Territorial tax system, only HK profits are taxed.
Property Tax in Hong Kong
- Tax Type: Property Tax
- Tax Rate: 15%
- Important Information:
- 15% tax rate charged on assessed rental value of property.
- Only applies to Hong Kong residential properties.
- Significant exemptions and reductions available.
Customs Duties in Hong Kong
- Tax Type: Customs Duties
- Tax Rate: 0%
- Important Information:
- No customs duties applied on goods imported into Hong Kong.
- Exceptions on tobacco, liquor and hydrocarbon oil.
- Supports Hong Kong’s status as a free port.
Table of Tax Rates in Hong Kong
| Tax Type in Hong Kong | Tax Rate in Hong Kong |
|---|---|
| Individual Income Tax | 2% – 17% |
| Value Added Tax (VAT) | 0% |
| Corporate Income Tax | 8.25% – 16.5% |
| Property Tax | 15% |
| Customs Duties | 0% |
Main FAQS Section About Hong Kong:
What is the monthly cost of living in Hong Kong?
The cost of living in Hong Kong on average, is around $2,370 – $10,600 (HKD 18,500 – HKD 83,161) Per Month. This includes rent, food, transportation, and other costs like utilities and phone bills.
What is the Cost Of Living in Hong Kong Vs USA?
The Cost Of Living in Hong Kong is around 20% cheaper than living in New York City, USA, and the average monthly Cost of living in Hong Kong is $2,370 – $10,600 (HKD 18,500 – HKD 83,161) Per Month. in Hong Kong vs $5500 to $10380 per month living in New York City, United States.
What is the Cost of Accommodation in Hong Kong?
The Cost of Accommodation in Hong Kong costs around $1,500 to $10,000 per month. from a simple studio to a Luxury 3+ bedroom Condo
What is the best time of year to visit Hong Kong?
The best time to visit Hong Kong is during the dry season from October to April.
How Much does it cost to live in Hong Kong?
On average, living in Hong Kong costs around $2,370 – $10,600 (HKD 18,500 – HKD 83,161) Per Month.
What is the Cost of Utilities in Hong Kong?
The Cost of Utilities in Hong Kong Cost around $200 to $400 per month, depending on your energy consumption!
What is the Cost of Food in Hong Kong vs USA?
The Cost Of Food in Hong Kong is 10% cheaper than in New York, United States. Monthly Food Costs in Hong Kong is from $300 to $1200 per month.
What is the Cost Of Rent in Hong Kong VS USA?
The Cost of Rent in Hong Kong is 20% cheaper Than in New York, United States A 1 bedroom apartment in Hong Kong costs $1,500 to $3000 per month on average, and 1 bedroom Apartment in New York City, United States, Costs over $2890 per month.
What is the Food Expenses In Hong Kong?
The Food expenses in Hong Kong is from $300 to $1200 per month. Make sure to eat the local Food, local Food markets and supermarkets to save money.
What is the Rental Expenses In Hong Kong?
The monthly rent for a 1-bedroom in Hong Kong is from $1500 to $3000.
What is the Expenses for a Single Person in Hong Kong?
The Expenses for a Single Person in Hong Kong is from $2,370 – $5,600 (HKD 18,500 – HKD 41,161) Per Month for all expenses.
What is the average cost of Rent In Hong Kong?
The Average cost of rent in Hong Kong is around $1,500 to $10,000 Per Month in Hong Kong.
What is the average Cost of Transportation In Hong Kong?
The average cost of transportation in Hong Kong is about $2 – $30 USD per day or $50 to $150 per month, Depending if you use a Bus, Scooter, or personal car.
What is the Cost of Mobile Phone SIM and Internet Data In Hong Kong?
The Cost of Phone Data and internet from in Hong Kong is around $15 to $100 per month.
What is the Cost of Food in Hong Kong?
The Cost of Food in Hong Kong costs around $300 to $1200 per month; try to eat at the local restaurants and street food for the best and cheapest food to stay on budget!
Is Hong Kong a good place to live?
Yes, Hong Kong regularly ranks as one of the Safest Countries in the world! but of course, it is extremely expensive and you always need to watch what you are doing and keep safety of mind as you would anywhere in the world.
Is it expensive to live in Hong Kong?
Yes, it is expensive to Live in Hong Kong you can expect to spend $2,300 to $5,000 per month if you live on a budget and don’t do tourist things. I recommend renting a studio, eating local food, renting a bicycle or scooter, and shopping at the local markets. If you do this you will save a lot of money!
What is the average salary in Hong Kong?
The average monthly salary in Hong Kong is HKD 20,000 (USD 2,550), depending on the industry and the level of experience.
What is a good salary to live in Hong Kong?
A great Salary to live on in Hong Kong is around $4000 – $5,000 per month. This will cover all expenses.
Cost Of Living in Hong Kong Conclusion
We hope that you have found this blog post helpful! We went all out and summarized the cost of living in Hong Kong and provided a table of expenses, information on rent, accommodation, food costs, videos, Facebook Groups, Tourism Boards and more from our time living there as digital nomads!
We will be continually updating this blog post! Also, below are many excellent travel resources that will help you in your Journey around the world and helping you on your journey to Hong Kong!
Travel Resources and Reliable Sources For Hong Kong
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