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.
https://www.youtube.com/watch?v=JLkG5wUvvKU
Contents
What is the average salary 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 is a good salary in Hong Kong?
Average salary in Hong Kong is 574,493 HKD per year. The most typical earning is 480,676 HKD.
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.
How much is the minimum wage 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 middle class in Hong Kong?
The sandwich class is an informal term used in Singapore and Hong Kong to refer to the middle class.In Hong Kong, this comprises families with an income of US$20,000–40,000 per year.
How much money do you need to live comfortably in Hong Kong?
You should allow for HK$30,000 to HK$50,000 (US$3,900 to US$6,500) per year for other living costs, including food, leisure, transportation, and personal items, depending on how extravagantly you plan to live.
Is it cheaper to live in Hong Kong or Singapore?
Cost of living: According to Expatisan.com, the cost of living in Singapore is 9 percent cheaper than in Hong Kong overall. This takes into account variables such as cost of food, housing, clothes, transportation, personal care and entertainment.
Is Hong Kong expensive to live?
Summary about cost of living in Hong Kong, Hong Kong: Family of four estimated monthly costs are 3,852$ (30,038HK$) without rent. A single person estimated monthly costs are 1,087$ (8,478HK$) without rent. Hong Kong is 19.67% less expensive than New York (without rent).
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.
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.
What is the average Chinese salary?
China’s economic prosperity wouldn’t exist without the large number of people working in this country. With increasing living standards and growing inflation, the wages of employees in China are increasing as well. As of 2020, average wages in China increased to 97,379 yuan from 37,147 yuan in 2010.
What is the minimum wage in Hong Kong 2021?
40.50 HKD/Hour
Minimum Wages in Hong Kong is expected to reach 40.50 HKD/Hour by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Minimum Hourly Wages is projected to trend around 40.50 HKD/Hour in 2022, according to our econometric models.
Which country has the highest minimum wage?
Luxembourg
Luxembourg. Luxembourg is a small, landlocked country bordering Belgium, Germany and France. Although it has under 1 million people, it has the highest minimum wage in the world. That figure stood at $13.79 in 2020 but has increased since.
What is the unemployment rate in Hong Kong?
Statistics
| Unemployment rate (not seasonally adjusted) | |
| (%) | |
|---|---|
| Year/Period | |
| 2020 | 5.8 |
| 11/2019 – 1/2020 | 3.1 |
What is China’s minimum wage?
Effective Aug. 1, 2021, Beijing (Chinese) increased its monthly minimum wage to 2,320 yuan (U.S. $360.01) from 2,200 yuan (U.S. $341.39), the Beijing Municipal Human Resources and Social Security Bureau said.
Is Hong Kong safer than New York?
Hong Kong is much safer in terms of crime. Hong Kong drivers are as bad as those in New York. The Hong Kong subway is much better than New York.
Is New York City bigger than Hong Kong?
Hong Kong is 1.41 times as big as New York City (US)
How much is rich in Hong Kong?
More than 60,000 Hongkongers, or one in every 125 residents, have a net worth of at least US$5 million, making the city one of the most affluent in the world, according to a new report.
Is Hong Kong more expensive than London?
Cost of Living Comparison Between Hong Kong and London
You would need around 51,080.12HK$ (4,910.03£) in London to maintain the same standard of life that you can have with 50,000.00HK$ in Hong Kong (assuming you rent in both cities).
How much does rent cost in Hong Kong?
List of prices in Hong Kong Current as of Nov 2021.
| Food | Update prices |
|---|---|
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | HK$46,026 |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | HK$30,346 |
| Utilities 1 month (heating, electricity, gas) for 2 people in 85m2 flat | HK$1,463 |
