Written by Alex Bach
Living abroad can be one of the most rewarding experiences of any lifetime. But depending where you go, it is not always the most inexpensive experience especially if that place happens to be Hong Kong. We’ll go over the cost of living in Hong Kong, what you can expect when you get there and what you’ll need to stay.
To get your belongings there, we can make moving to Hong Kong one of the lesser stresses you’ll have to worry about. We’ve helped hundreds of families make international moves and can help get your possessions to to your new home without a hitch.
Rent and Housing:
Hong Kong is the most vertical city in the world, resulting from the relatively tight space of the city, forcing construction to build up instead of out. As a result, the price of property in Hong Kong is not cheap. Whether you’re renting or buying, you will likely be paying more for lodging than you did back in the States. The average rent for an unfurnished apartment in the city is anywhere from $3,600 to $5k!
Utilities are fairly expensive as well in Hong Kong. You can expect your water bill to be around $50, your gas bill somewhere near $25 and your electricity bill ( the big one) to rest between $130 and $200. Meaning an additional $300 per month on top of the rent.
Luckily many of your grocery items and restaurant dishes are going to be relatively the same as you’d find in any major city in America. Fresh baked bread goes for about $5, eggs for around $2, coffee for about $8, local milk $3. Note: Hong Kong has several options for higher level foods, such as free range eggs and Australian milk, which are going to cost significantly more money than their base level counterparts.
Alcohol is an expensive commodity in Hong Kong. You can expect to pay as much as $35 for a bottle of Tanqueray gin and up to $22 for a bottle of wine. Thankfully six packs of beer, like Heineken, are only about $6 per pack.
Restaurants and Entertainment:
Luckily the cost of having fun in Hong Kong is about the same as it is in New York or Chicago. Certainly not cheap to do every night, but it won’t break your bank to go out once or twice a week. A mid-level dinner for two can be found for under $100 though not including alcohol. And a concert or trip to the theater can range from $13 all the way to $130 for premium seats.