Compared to other areas in Asia, living in Hong Kong can be an expensive experience. It’s no secret that living in the city is a luxury, and you can expect to spend a large percentage of your salary on housing and other expenses. In fact, the average Hong Kong citizen spends more than half of their monthly income on rent.
The cost of living in Hong Kong can vary greatly depending on your location and choices. A family living in a rented apartment can expect to pay about HK$40,000 to HK$50,000 a month, depending on the size of the apartment. If you choose to rent a luxury villa, you will have to pay more.
A good starting point is to choose a location that is easy to access by public transport. There are three main areas to consider: Hong Kong Island, Kowloon, and the New Territories. Although the Hong Kong Island is the most populated, the Kowloon and New Territories are quieter than the city center, making them ideal for families.
The New Territories have beautiful beaches and hiking trails, as well as some minibus routes that connect to the MTR stations in the New Territories. The New Territories are also home to the Outlying Islands, which offer scenic views and dog owner heaven.
Hong Kong’s public transportation is inexpensive and reliable. You can walk, bike, or take a bus to get around the city. It’s also easy to leave your car at home. There are also taxis and ride-hailing services. Public transportation is also a great way to get to know the city.
There are a number of international schools in Hong Kong. Most of them follow the British curricula, while others use an American or Australian curriculum. You can also choose to send your kids to one of the many private international schools. If you plan to send your kids to school, make sure that your salary package includes enough funds to cover the costs.
Aside from the expense of living in Hong Kong, you will need to prepare for the fact that the city is very densely populated. The population of the city is estimated to reach seven million people in 2020. With so many people living in so little space, finding a place can be challenging. If you are unsure where to live, consider a temporary apartment for a few months to get a feel for the area before making a final decision.
Although Hong Kong is a modern city, there are still a number of traditional Chinese practices. If you don’t speak Mandarin, you can get around by using sign language. You can also learn some Cantonese, which is slightly easier than Mandarin. This can be especially helpful for liaising with mainland colleagues.
Although you can find a number of top quality apartment complexes in Hong Kong, they are also expensive. Choosing the right apartment can be difficult, especially if you don’t speak Chinese. But if you choose an apartment in the Kowloon district, you can expect to pay less than in the city center.