MONTHLY COST Of Living In HONG KONG 2023 [Budget Guide]

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Cost of living in Hong Kong 2023 Expat Budget Guide

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:

1. 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.
2. Natural Beauty: One of the most appealing aspects of Hong Kong is its natural beauty. The city is home to lush green hills, picturesque beaches, and crystal-clear waters. Whether you enjoy hiking, swimming, or just taking in the scenery, Hong Kong has something for everyone. From the stunning Victoria Peak to the serene Sai Kung East Country Park, you’ll never run out of places to explore in Hong Kong.
3. Beautiful Skylines: Hong Kong is famous for its stunning skylines, and it’s not hard to see why. The city boasts some of the most impressive architecture in the world, with towering skyscrapers that seem to reach the clouds. The best way to experience the beauty of Hong Kong’s skyline is by taking a nighttime boat tour of Victoria Harbour. You’ll get a breathtaking view of the city’s neon lights and towering buildings from the water.
4. Rich Culture and History: Hong Kong has a rich and fascinating history that dates back thousands of years. From ancient temples and shrines to modern museums and galleries, there’s no shortage of cultural and historical sites to explore in Hong Kong. The city is home to some of the world’s best art and history museums, including the Hong Kong Museum of History and the Hong Kong Museum of Art.
5. Safe Country and Friendly Locals: Hong Kong is known for being one of the safest cities in the world. The crime rate is incredibly low, and the locals are friendly and welcoming to foreigners. Whether you’re walking down the street or taking public transportation, you can feel safe and secure in Hong Kong. The city also has an excellent healthcare system and some of the best schools in Asia, making it an ideal place to raise a family.
6. Exciting Food Scene: Hong Kong is a food lover’s paradise, with a diverse and exciting culinary scene that draws influences from all over the world. Whether you’re in the mood for traditional Cantonese cuisine or international fare, you’ll find plenty of options in Hong Kong. The city is famous for its dim sum, roasted meats, street food, and countless restaurants, cafes, and markets to explore.

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 2023

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 2023

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 2023

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:

1. 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.
2. 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).
3. 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).
4. 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).
5. 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).
6. 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).
7. 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 2023

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 2023

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:

1. 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.
2. 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.
3. High quality healthcare: Hong Kong has an excellent healthcare system with modern facilities and highly trained medical professionals.
4. 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.
5. 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.
6. 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.
7. 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.
8. World-class education system: Hong Kong has a highly respected education system, with numerous prestigious universities and international schools.
9. 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:

1. 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.
2. Crowded living spaces: Hong Kong is densely populated, with many residents living in small apartments and limited personal space.
3. Air pollution: Hong Kong suffers from high levels of air pollution, particularly during the summer months.
4. 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.
5. Political tensions and protests: Hong Kong has experienced political tensions and protests in recent years, which can create a sense of uncertainty and instability.
6. 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.
7. High stress and long work hours: Hong Kong’s competitive work environment can be stressful, with long work hours and a high-pressure culture.
8. 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.
9. 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

Leisure, Activities and Things to do in Hong Kong

Whether you’re interested in exploring the city’s rich history and culture, taking in the stunning skyline views, or indulging in some retail therapy, Hong Kong has something to offer for everyone.

From exploring historic temples to hiking in the lush countryside, here are some of the best things to do in Hong Kong that you won’t want to miss.

Here are the 17 things to do in Hong Kong:

1. Visit Victoria Peak: Take a tram up to the peak for breathtaking views of the city.
2. Take a ride on the Star Ferry: Hop on the iconic green and white ferries that traverse Victoria Harbour.
3. Walk along the Tsim Sha Tsui Promenade: Enjoy panoramic views of the harbour and Hong Kong Island skyline.
4. Shop at Temple Street Night Market: Experience the hustle and bustle of Hong Kong’s street markets.
5. Visit the Big Buddha and Po Lin Monastery: Take a cable car ride up to the giant bronze statue of Buddha on Lantau Island.
6. Take a food tour: Sample a wide variety of Hong Kong’s famous cuisine, from dim sum to street food.
7. Explore Hong Kong’s neighborhoods: From the hipster cafes in Sheung Wan to the colorful streets of Sham Shui Po, each area has its own unique charm.
8. Visit Hong Kong Disneyland: Experience the magic of Disney in the heart of Hong Kong.
9. Take a boat ride to the outlying islands: Escape the city and explore the beaches, hiking trails, and fishing villages on the islands.
10. Visit the Hong Kong Museum of History: Learn about the history and culture of Hong Kong, from ancient times to the present day.
11. Go hiking: With over 200 hiking trails, there’s no shortage of scenic routes to explore.
12. Visit the Tian Tan Buddha: Take a cable car ride up to the giant bronze statue on Lantau Island.
13. Experience the nightlife: From rooftop bars to nightclubs, there’s always something to do after dark in Hong Kong.
14. Attend a festival: Hong Kong hosts a variety of festivals throughout the year, including the famous Chinese New Year parade and fireworks show.
15. Take a cooking class: Learn to cook authentic Hong Kong cuisine from local chefs.
16. Visit the Ten Thousand Buddhas Monastery: Explore the colorful and ornate temple complex in Sha Tin.
17. Go to a horse race: Experience the excitement of horse racing at the Happy Valley Racecourse.

Check out The Best things to do in Hong Kong here on Viator!

Healthcare Costs in Hong Kong

Medical care in Hong Kong is World Class and definitely reliable.

SafetyWing Insurance is an innovative travel insurance solution designed for travelers, digital nomads, and remote workers. Whether you’re on a gap year, working abroad, or traveling for business, SafetyWing offers a comprehensive coverage plan to keep you protected and secure during your journey.

Here are just a few reasons why you should try SafetyWing Insurance for your next trip:

1. Global Coverage: SafetyWing insurance covers you anywhere in the world, including countries that many other insurance companies exclude.
2. Affordable: SafetyWing offers affordable, more cost-effective insurance options than many other travel insurance plans.
3. Easy to Use: With SafetyWing, you can sign up, manage your policy, and file claims all from the comfort of your phone or computer.
4. Wide Range of Coverage: SafetyWing offers coverage for a variety of events, including medical emergencies, trip cancellations, lost or stolen property, and more.
5. 24/7 Support: SafetyWing provides 24/7 support to its customers, so you can get help when you need it, no matter where you are in the world.

We suggest you also have it, especially if you live as an expat and digital nomad in Hong Kong. We always use SafetyWing for international travel insurance and medical concerns. They start at $45 a month! It’s incredible and always reliable!

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:

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

• Booking Flights: To score insane flight deals, search on Google Flights, Skyscanner. Money-saving tips: fly in the middle of the week, on the weekend; fly carry-on only on a budget airline, and take red-eyes or early morning flights.
• Money Exchanging for Digital Nomads and expats: For exchanging money use Wise Which is the Best Option if you are a digital nomad and Expat. Wise is 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.
• Tours, tour packages, activities and booking private drivers: We love booking guided tours, especially food and walking tours, to get a local’s perspective and a history lesson while sight-seeing! We reserve our tours using Viator, and GetYourGuide for professional service.
• Accommodations: We usually stay in budget-friendly vacation rentals, boutique hotels, or private hostel rooms. We use Booking.com to book hotels (we love their flexible cancellation policy) and Hostelworld to book hostels (low deposit, easy change/cancellation, and excellent reviews). We use Airbnb monthly for weekly or monthly rentals, where you can get an entire villa for a monthly fee in for under $400 a month! You can also book vacation rentals on Expedia USA, Expedia UK, Hotels.com, and Vrbo, like Airbnb.
• Travel Insurance: We always have travel insurance monthly for international trips and living abroad. We STRONGLY suggest that you have it as well, just in case other digital nomads live abroad, and we always use SafetyWing for international travel insurance and medical concerns. SafetyWing is one of the few policies covering Covid-19, and they start at $42 a month! It’s incredible and always reliable! SafetyWing is perfect for Digital Nomads and long-term travelers!
• Travel Credit Cards
• Vaccines & Meds: We use the travel guides on the CDC website to research recommended medications and vaccines for international trips. You can get them at your primary care doctor’s office or a walk-in pharmacy.
• Transportation: We use GetTransfer, and the local Uber-type apps in different countries. Usually, that is GrabGrab.
• VPN Service: A VPN keeps your digital information (like website login details, bank info, etc.) safe, even when you’re connected to an unsecured network while traveling. Plus, it lets you use Netflix & other streaming sites abroad! We use NordVPN!

If you want to keep up with our travels, go ahead and follow us on our travel page on Instagram @onelifepassport! Comment below what else you would like to know/see about our experiences traveling the world! Also, check out our YouTube Channel!

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