What is the average salary in Hong Kong?

The average annual salary in Hong Kong is above HK$435,000. Full-time workers in Hong Kong on average make HK$36,583.33 a month, equating to HK$439,000 a year.

Is $50,000 HKD a good salary in Hong Kong?

A monthly salary of HKD 20,000–30,000 (USD 2,550–3,830) can support a comfortable lifestyle in Hong Kong. While HKD 50,000 (USD 6,380) is considered a high income, it's well above the city's average salary of HKD 20,000 (USD 2,550), offering greater financial flexibility.

What is the average income in Hong Kong in US dollars?

According to the Hong Kong SAR Government, Census and Statistics Department, the average monthly salary in Hong Kong is 36, 500 HKD, approximately equivalent to 4662.27 USD. The average annual salary in Hong Kong is 440,000 HKD, nearly 56202.74 USD.

What is a livable wage in Hong Kong?

In 2018, Oxfam Hong Kong commissioned The Chinese University of Hong Kong to conduct research on the Living Wage in Hong Kong – the first of its kind in the city. The latest living wage standard for 2025 in Hong Kong is set at HK $62.8/hour.

How much is rent in Hong Kong?

The minimum rent in Hong Kong is about 15,000 HKD (1,900 USD) per month for a simple one-bedroom apartment further away from the center. If you wish to live closer to the center or rent a bigger place with more amenities expect to pay at least 20,000–30,000 HKD (2,550–3,850 USD) per month and more.

What is the Average Salary in Hong Kong 2024? | Livetecs

What is the average salary in the UK?

Average salary UK – a comprehensive overview. The median UK salary is £31,461 and the mean UK salary is £36,834 per year. These numbers change significantly when you look at differences between industries, educational backgrounds, age, gender or regional differences.

How rich is the average person in Hong Kong?

Hong Kong ranks among the top 3 in global wealth, with the average wealth per adult reaching 4.7mn | Human Resources Online.

Which country has the lowest average salary?

As of 2023, Rwanda had the lowest average monthly salary of employees in the world in terms of purchasing power parities (PPP), which takes the average cost of living in a country into account. Gambia had the second lowest average wages, with Ethiopia in third.

Is it very expensive to live in Hong Kong?

Hong Kong has been ranked the most expensive city to live in within Eastern Asia. The world's largest cost-of-living database Numbeo publishes periodic tables ranking costs of living, property prices, and more for cities around the world, and Hong Kong has been confirmed as one of the most expensive in Asia.

What is the salary needed to live in Hong Kong per month?

The cost of living in Hong Kong for a single person = HK$ 20,411 per month with rent and HK$ 6,926 without rent. The cost of living in Hong Kong for a family of four = HK$49,151 per month with rent and HK$22,045 without rent.

What is considered upper class in HK?

World-Class Wealths are the superior class in Hong Kong. They are successful middle-aged, Chinese and Western individuals or families in Hong Kong. They have small family size. They possess high educational qualifications, usually undergraduates or above.

What is the highest paid job in HK?

Do jobs in Hong Kong pay well?

The average annual salary in Hong Kong is above HK$435,000. Full-time workers in Hong Kong on average make HK$36,583.33 a month, equating to HK$439,000 a year.

What salary is upper class in the UK?

To be in the top 10% of earners (which is what I call 'Upper Class') you'll need to be on a salary of £58,800 pa. Which works to a monthly take-home pay of £3,330 after student loans (£236 deduction) and before any pension contributions.

What is the average salary in Spain?

The average salary in Spain as of 2022 is around €27,000/year.

Is Hong Kong tax free?

Hong Kong follows a territorial basis of taxation, meaning only income sourced in Hong Kong is taxable. Income earned outside Hong Kong is not subject to tax, regardless of residency status.

What is a comfortable salary to live in Hong Kong?

Good income in Hong Kong can be subjective and is often influenced by factors like rental location, lifestyle, etc. However, a salary range of around HKD 25,000 – HKD 45,000 should suffice to live comfortably in Hong Kong.

Can foreigners buy property in Hong Kong?

Can Foreigners buy property in Hong Kong? Yes, Hong Kong allows foreigners to buy properties in Hong Kong and rent them out without restriction. Bear in mind that there is an extra 15% Buyers' Stamp Duty (BSD) and 15% Ad Valorem Stamp Duty (AVD) for foreigners to purchase residential properties in Hong Kong.

Can I move to Hong Kong from the UK?

To move to Hong Kong, you will need a visa, which can be applied for under the General Employment (GEP) Policy for those moving to work in the country. The visa is generally issued for a specific time period and requires a confirmed job offer from an employer in Hong Kong.

Is Hong Kong the most expensive city in the world?

Top 10 most and least expensive cities in the world 2024

The top 10 most expensive cities are, in order from rank 1 to rank 10: Hong Kong, Singapore, Zurich, Geneva, Basel, Bern, New York City, London, Nassau and Los Angeles.

How much does a bottle of water cost in Hong Kong?

In HK, for reference, typical convenience stores like 711 or Circle K sells water for, for example, 7hkd for about 400mL. The alternatives are: find local convenience/snack stores that sells a water brand called 'Cool' where it's about 3hkd for a litre.