Cost of Living in Hong Kong

Hong Kong most definitely deserves its reputation as being an expensive city. Whether or not you think it is more so than other places depends on your outlook, lifestyle and circumstances. We don't find it any more expensive than some European cities but there are local 'blips' in living costs that can be managed with a little thought. However, the cost of living in Hong Kong consistently ranks as one of the highest in the world (according to the Hong Kong government and other economic intelligence sources).

What exactly makes Hong Kong so expensive? It goes beyond the pricey nightlife. The shortage of land is a major factor in the high property prices, particularly on Hong Kong Island. Healthcare is also very expensive. Automobiles and some consumer items are also elements that add to the costs due to their inflated prices.

If you're a big spender with a big budget, Hong Kong will certainly help you empty you bank account and there's plenty to help you enjoy an expensive lifestyle in this city. On the other hand, for people on a more modest budget, you shouldn't worry too much as it is quite easy to live on a more reasonable level and get the best out of your money.

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Public transport is outstanding in Hong Kong and good value. You can easily manage without a car and in fact many people prefer not to have a car (See: Owning a car in Hong Kong). Nearly everyone relies on the public transport network, which is reliable and extensive. Taxis are also surprisingly cheap when considering the cost of living here. When socialising, if you stay away from certain tourist trap bars, or ones that target the big spenders, socialising doesn't have to break the bank. Happy hours are also popular. You'll soon get to know the places to drink as you develop friendships in Hong Kong.

By far, the best way to keep costs down is to adopt a local attitude and live as the locals do. They will know where and how to find a bargain. Below are a few sample costs (only intended as a rough guide)...

Transport

Tram Ride (Any distance): 2 HK$
Taxi (Central to North point): 50 HK$
MTR: 3.80 - 26.00 HK$
Mid-Levels Escalator: Free

Health

Typical doctors appt. (Including medications): 500 HK$
Gym Membership: 500 - 1000 HK$

Other Costs

Unlimited broadband Internet: 300 HK$
Landline Phone: 100 HK$ p/m
Basic Cellphone Package: 100 - 150 HK$ p/m
(See: SIM Cards and Mobiles)

Living Expenses

Meal for two (Mid priced restaurant): 500 - 800 HK$
Beer in Lan Kwai Fong/Wan Chai (Bottled or Draught): 50 HK$
Cigarettes: 30 - 35 HK$
Fast food burger meal: 25 HK$
Chart CD: 120 HK$
Cinema Ticket (HK Island/TST): 60 HK$
Ground Coffee (250g): 40 - 50 HKD
Frozen Chicken (Per Kg): 30 HK$
1 Litre milk: 25 HK$

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