$18,400.
Survey results of 2020 Annual Earnings and Hours Survey released. According to the statistics released today (March 30) by the Census and Statistics Department (C&SD), the median monthly wage of employees in Hong Kong in May – June 2020 was $18,400. This was 1.5% higher than the median of $18,200 in May – June 2019.
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What is the average income in Hong Kong?
The median monthly wage of employees in Hong Kong rose 1.5% to $18,400 in May-June 2020, the Census and Statistics Department (C&SD) has reported. This is slightly higher than the $18,200 median recorded in the same period in 2019.
What salary do I need to live in Hong Kong?
Based on our research in our realistic monthly budget for Hong Kong, individual’s should budget for between HK$27,500-HK$43,000 per month. Couples should budget HK$37,500 – HK$52,000 and families should budget HK$43,500-60,000 per month. That’s what the cost of living in Hong Kong can look like every month.
What is considered a good salary in 2020?
According to the Bureau of Labor Statistics (BLS), the national average salary in 2020 was $56,310. Though wages above the average could be seen as a good salary, there are no hard and fast rules regarding how to determine a good salary since there are many external factors involved.
What is a decent salary in Hong Kong?
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.
What is the minimum salary in Hong Kong?
HK$37.5 per hour
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 good salary in Hong Kong for expat?
The average cost of employing a mid-level expatriate employee in Hong Kong cost a company US$284,466 (HK$2,231,611), including an average cash salary of US$88,126 (HK$691,344). Expat packages include three main elements: the cash salary, benefits (such as accommodation, international schools, or cars) and tax.
How much is an apartment in Hong Kong?
The minimum rent in Hong Kong is about 15,000 HKD (1,900 USD) per month for a simple one-bedroom apartment further away from the center. If you wish to live closer to the center or rent a bigger place with more amenities expect to pay at least 20,000–30,000 HKD (2,550–3,850 USD) per month and more.
How much is living cost in Hong Kong?
Summary about cost of living in Hong Kong, Hong Kong: Family of four estimated monthly costs are 3,900$ (30,323HK$) without rent. A single person estimated monthly costs are 1,099$ (8,542HK$) without rent. Hong Kong is 19.44% less expensive than New York (without rent).
Is 75k a good salary 2020?
Today, $75,000 is a statistical gateway to the modern middle class: Though it’s more than what many Americans earn, it’s still not enough to relieve the many anxieties rooted in money.
Is 70000 a good salary?
According to the Bureau of Labor Statistics, the median salary of all individual workers (male and female of all races) was $881 weekly for the first quarter of 2018.An income of $70,000 surpasses both the median incomes for individuals and for households. By that standard, $70,000 is a good salary.
Is 73000 a good salary?
Average Income Allows For A Comfortable Lifestyle
Either way, earning $62,000 – $73,573 is quite a healthy income because the median home price in America is $225,000.
How much do doctors make in Hong Kong?
Doctor in Hong Kong Salaries
| Job Title | Location | Salary |
|---|---|---|
| Hong Kong Hospital Authority Doctor salaries – 3 salaries reported | Hong Kong | HK$83,333/mo |
| Chinese University of Hong Kong Doctor salaries – 1 salaries reported | Hong Kong | HK$150,000/mo |
| Hong Kong Hospital Authority Doctor salaries – 1 salaries reported | Hong Kong | HK$68,000/mo |
How much does a house in Hong Kong cost?
Average home price in Hong Kong: $1,990 per square foot
Last year, the average price reached $1.2 million according to CBRE’s Global Living Report.
What is a good monthly salary?
How much does an Average make? While ZipRecruiter is seeing monthly salaries as high as $11,333 and as low as $1,708, the majority of Average salaries currently range between $4,125 (25th percentile) to $6,167 (75th percentile) across the United States.
What is the salary of domestic helper in Hong Kong?
$4,630 per month
The Government announced today (September 30) that the Minimum Allowable Wage (MAW) for foreign domestic helpers (FDHs) in Hong Kong would remain at $4,630 per month. In addition, under the Standard Employment Contract for hiring FDHs, employers are required to provide FDHs with food free of charge.
How much do bankers make in Hong Kong?
Banker in Hong Kong Salaries
| Job Title | Location | Salary |
|---|---|---|
| UBS Banker salaries – 1 salaries reported | Hong Kong | HK$1,200,000/yr |
| ABC Banker salaries – 1 salaries reported | Hong Kong | HK$60,000/mo |
| Bank of America Banker salaries – 1 salaries reported | Hong Kong | HK$300,000/yr |
| HKdotCOM Banker salaries – 1 salaries reported | Hong Kong | HK$60,000/mo |
Is Hong Kong more expensive than Singapore?
Hong Kong was the most expensive property market in the world in 2020, according to a report by CBRE. Overall, rent in Hong Kong is 56 percent more expensive than in Singapore, according to data from Expatistan.com.Singapore has a slight edge, with 596 crime cases per 100,000 people, compared to Hong Kong’s 936.
How much do lawyers make in Hong Kong?
The highest salary for a Lawyer in Hong Kong is HK$123,100 per month. The lowest salary for a Lawyer in Hong Kong is HK$37,200 per month.
Can a foreigner buy a house in Hong Kong?
Yes – unlike some countries, Hong Kong allows foreigners (with the exception of a few nationalities) to buy properties in Hong Kong and rent them out without restriction.
What is life like in Hong Kong?
Hong Kong has a sub tropical climate. This means that there are four entirely distinguishable seasons: spring is warm and humid, summer is hot and rainy, autumn is sunny and pleasant, and winter is dry and cool. It also is very influenced by the monsoon season and can suffer from tropical storms and typhoons.
