Is cost of living higher in Hong Kong or Singapore?
Cost of living: According to Expatisan.com, the cost of living in Singapore is 9 percent cheaper than in Hong Kong overall. This takes into account variables such as cost of food, housing, clothes, transportation, personal care and entertainment.
Are salaries higher in Hong Kong?
Hong Kong workers can look forward to higher salaries in 2020, with the average increase expected to be 1.4% above inflation next year from the 1% rise that workers enjoyed in 2019, according to a report by market insights firm Eca International. But this is well below the average salary increase of 3.2% in APAC.
What is a good salary in Hong Kong 2020?
The average salary in Hong Kong is much higher. It is also a good figure to base you research on, if you are coming to HK as an expat. The current average salary per month is 19100 HKD (2430 USD) for male workers and 14700 HKD (1875 USD) for female workers.
How does Singapore compared to Hong Kong?
Hong Kong is about 1.5 times bigger than Singapore.
Singapore is approximately 719 sq km, while Hong Kong is approximately 1,108 sq km, making Hong Kong 54% larger than Singapore. Meanwhile, the population of Singapore is ~6.2 million people (1.0 million more people live in Hong Kong).
What is the average rent in Hong Kong?
In the second quarter of 2021, the average monthly rent of private apartments in the Hong Kong Island region, the heart of Hong Kong, was between 382 and 442 Hong Kong dollars per square meter. Meanwhile, the median income for an individual was 18 thousand Hong Kong dollars per month.
Is Singapore close to Hong Kong?
The distance between Hong Kong and Singapore is 2590 km. The road distance is 4165.8 km.
Is 60000 hkd a good salary?
Not sure how much your bonus will be, but assuming it covers your yearly taxes you will still have HKD 60000 net per month. You will have to be quite thrifty to be able to save HKD 30000 per month. Having said that, HKD 60000 is well above average.
What is high salary in Hong Kong?
Top Hong Kong Salaries – By Job
The highest paid Hong Kong are Legal & Paralegal professionals at $134,000 annually. The lowest paid Hong Kong are Transportation & Logistics professionals at $30,000.
What is the average salary in Hong Kong 2020?
The 25th percentile, 50th percentile and 75th percentile hourly wages are also known as the lower quartile, median and upper quartile hourly wages respectively. The median and percentile monthly wage figures are derived similarly as the median and percentile hourly wage figures.
How much salary do you need to live in Hong Kong?
You should allow for HK$30,000 to HK$50,000 (US$3,900 to US$6,500) per year for other living costs, including food, leisure, transportation, and personal items, depending on how extravagantly you plan to live.
How much is the basic salary in Hong Kong?
At present, the minimum wage sits at HK$37.5 per hour and applies to all local workers apart from domestic helpers. The notion of raising the minimum wage is a fairly contentious concept, as many argue that it does more harm than good.
What is the average salary in Singapore?
Average Salary In Singapore By Age Group
|Age (Years)||Median Gross Monthly Income From Work (Excluding Employer CPF)|
|15 – 19||$1,000|
|20 – 24||$2,405|
|25 – 29||$3,468|
|30 – 34||$4,500|