Family of four estimated monthly costs are 3,858$ (30,026HK$) without rent. A single person estimated monthly costs are 1,089$ (8,474HK$) without rent. Cost of living in Hong Kong is, on average, 14.63% higher than in United States. Rent in Hong Kong is, on average, 78.15% higher than in United States.
Is Hong Kong a bad place to live?
Hong Kong has once again slid down a ranking of the worlds best places for expats to live, falling into the bottom 10 overall and coming second to last among the Asian cities included after being rated worst in the world for both political stability and cost of living.
Why is rent so expensive in Hong Kong?
So why is Hong Kong housing so expensive? The most obvious reason is that Hong Kong is densely populated with over seven million residents living on just 1,106 square kilometres. With such low supply and high demand of living space, Hong Kongs housing prices almost have no chance to come down.
Is Hong Kong a good place to live?
Safety. Hong Kong has one of the lowest crime rates in the world despite the territory having one of the most densely populated urban regions. Often described as one of the safest cities in the world, low crime rates make Hong Kong the perfect place for you to settle down.
What are the disadvantages of Hong Kong?
ConsAir pollution.Noise.Crowds.Work hours/workload.Rent.Weather.
What job makes the most money in Hong Kong?
Top 10 highest paying jobs in Hong Kong for 2021.Head of Legal. The shape of Hong Kongs Legal sector remained strong and intact throughout 2020. Executive Director & Above. Chief Financial Officer. Consultant. Chief Information Officer. Head of Human Resources. Digital Banking Director.More items •Jan 15, 2021