Cost of Living in Hong Kong. Food, Accomodation and Transport Costs

Cost of Living in Hong Kong. Food, Accomodation and Transport Costs

If you wish to move on to Hong Kong, just know that you’re taking a good step. However, the first thing to know is the actual cost of living in Hong Kong city. This city is an autonomous territory in southeastern China. It was a former British colony area. Hong Kong is a very homely place to live; it is a vibrant region, densely populous city and a key port.

Also, H.K is a more like a global financial hub featuring architectural landmarks such as the I.M. Pei’s Bank of China Tower. A lot of businessmen switch to live in Hong Kong due to the fact that it is one of the major shopping destinations around the world.

Cost of Living in Hong Kong

When we discuss living in Hong Kong (H.K), we should also talk about the foods, bill costs, fees, etc. Well, as for expatriates, the cost of living in Hong Kong can be somewhat high. According to the survey quite long ago as of 2013, Mercer surveys states that Hong Kong is 6th among the cities with the high expenses for expatriates.

Nevertheless, a whopping 5 years have gone ever since this research was conducted and a lot of things have changed. Now, let’s put you through the real cost of going on to live in the city of Hong Kong.

Housing Cost and Rents in Hong Kong

Getting a house to live in Hong Kong is expressly pricey. However, it depends on your specs, needs, and preferences in general. Most expats who live in the city exhaust a higher percentage of their salary or wages to pay for their house rent.

As at this time, the current charge to live in an exquisite area in Hong Kong city is as follows.

  • 45 m2 (480 Sqft) furnished studio costs $3,463.91 – (Monthly rent fee)
  • 85 m2 (900 Sqft) furnished accommodation costs $5486.27 – (Monthly rent fee)

While the current charge to live in a normal (not exquisite) area in the city cots;

  • 45 m2 (480 Sqft) furnished studio costs $2,390.87– (Monthly rent fee)
  • 85 m2 (900 Sqft) furnished accommodation costs $3,792.89- (Monthly rent fee)

Food prices in Hong Kong

Meals/foods in Hong Kong can be cheaper than in most places; it all depends on the kind/type of meal you wish to feed on. Below is a rundown of the prices as at this time (Dec 2018).

  • McDonald’s Value Meal – $3.08 – 4.50
  • A can of Coke from close stores – $1.20
  • Combo meal in fast food restaurant (Big Mac Meal or similar) – $4.86
  • 500 gr (16 oz.) of local cheese – $11.28
  • Bread for 2 people for just 1 day – $2.3
  • A basic lunch menu (including a drink) in the HK business district – $11.64

Transportation costs in Hong Kong

Certainly, you’ll like to move around the city of Hong Kong. While calculating the total cost of living in Hong Kong, transportation fare is inclusive.

  • Riding with a Volkswagen Golf (or equivalent) with no extras – $25, 271.3
  • 1 liter of gas – $1.92
  • Public transport – $65.39

Apparently, the best choice of transport while living in Hong Kong is the public transports. They are quite cheaper than buying a new car or your old vehicle as the gas prices are high. Inclusively, parking spaces will attract more huge expenses to your budget.

Utility Bill Charges in Hong Kong

For some exquisite house, the utility charges are inclusive in the monthly rent. However, this is not so in many cases. Therefore, here are the utility bill charges in Hong Kong.

  • Internet @ 8Mbps – $25 (monthly)
  • Mobile-to-mobile call rate – $0.07 (per minute)
  • Utilities (heating, electricity, gas, etc) for 2 people in a 85m2 flat – $156.24 (monthly charge)
  • Utilities (heating, electricity, gas, etc) for 1 person in a 45 m2 (480 Sqft) studio – $99.68

For more information about cost of living in Hong Kong, you can contact us from below comment box.

If you want to get more information about Hong Kong, you can check below titles as well;

Salaries in Hong Kong

How to Find a Job in Hong Kong

Study University in Hong Kong

Living and working in Hong Kong

The Most Needed Jobs in Hong Kong

 
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