What Is A Good Salary In HK?

What is considered rich in Hong Kong?

The study defines millionaires as those with liquid assets – deposits, mutual funds and stocks and bonds – of HK$1 million.

It was conducted from September to November last year and involved 4,139 Hongkongers and 200 mainlanders.

Hong Kong’s population in 2017 was 7.36 million..

What is considered middle class in Hong Kong?

A Hong Kong household earning HK$55,000 a month or above could be classified as middle class, Yip said. Yet only about 10 per cent of the 2.4 million households in the city earn that much, according to government figures (an average household has 3.2 persons).

How many billionaires live in HK?

93 billionairesHong Kong is a city full of millionaires and billionaires. The city now has the highest concentration of super-rich people in the world, surpassing New York City, Tokyo, and Paris. One in seven residents is a millionaire, and the city is home to approximately 93 billionaires.

Is Hong Kong a good place to live in?

Safety. Hong Kong has one of the lowest crime rates in the world despite the territory having one of the most densely populated urban regions. Often described as one of the safest cities in the world, low crime rates make Hong Kong the perfect place for you to settle down.

How many millionaires live in HK?

According to estimates, in the middle of 2019 there were 46.8 million people worldwide whose assets exceeded one million USD, of which nearly 40% lived in the United States….Countries by number of Millionaires.Rank16CountryHong KongNumber of millionaires (thousands)516Millionaires per 100,0006,91734 more columns

What is the most common job in Hong Kong?

Top 10 Highest-Paying Jobs in Hong KongCIO/CTO (IT and telecommunications)Executive/Managing director – Portfolio management (Banking and finance) … CFO (Finance and accounting) … R&D director (Pharmaceutical) … Regional head – Underwriting (Insurance) … Head of retail (Regional) … General manager (Engineering) … General counsel (Legal) … More items…•

Is it hard to get a job in Hong Kong?

It is relatively hard to get a job in Hong Kong. The employers are picky when choosing foreign workers and fill visa application. The workers need to meet strict qualifications to land a job, and the employer needs to prove that they cannot pick a local resident for the job instead.

What jobs are in demand in Hong Kong?

Hong Kong Top 5 Job Trends for 2020FinTech & InsurTech. Since HKMA has issued a total of eight virtual banking license, the FinTech industry is expected to grow and expand in the coming years. … Regulatory & Compliance in Banking & Financial Services. … Digital Marketing. … Human-centred Design. … IT Application.

Is 30000 hkd a good salary?

If you want a more decent place to live in, say 500 sq feet in downtown, HKD 30k (your whole salary) may not be enough. … So, IMHO, if your company provides housing for you, I think HKD 30000 is OK, not very nice, but OK, and you should be able to live a comfortable life.

Is it hard to get a Hong Kong work visa?

Work visas in Hong Kong are increasingly difficult to obtain, with most jobs once done by western expatriates now filled by local professionals or mainland immigrants. Don’t let that put you off though, Hong Kong is still a major base for expat employment, you just need to do your research first.

How can a foreigner get a job in Hong Kong?

Check out websites such as Jobs DB, Monster Hong Kong and Recruit Hong Kong. You can also upload your CV to allow employers to seek you out and contact you for any position they feel you may be able to fill. Be sure to register for job alerts, so you can get pinged by email as soon as a job is posted.

Why are Hong Kongers so rich?

Hong Kong raises revenues from the sale and taxation of land and through attracting international businesses to provide capital for its public finance, due to its low tax policy.

What is a good salary in Hong Kong 2020?

As of January 2020, the new minimum salary is of HK$ 37.5. 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 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.

What is the average salary in Hong Kong?

The average salary in Hong Kong is HK$363k. Trends in wages decreased by -100.0 percent in Q3 2020. The cost of living in Hong Kong is 100 percent higher than the national average.

How much is rent 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 living cost in Hong Kong?

Summary about cost of living in Hong Kong, Hong Kong: Family of four estimated monthly costs are 3,727.54$ (28,903.51HK$) without rent (using our estimator). A single person estimated monthly costs are 1,053.33$ (8,167.56HK$) without rent. Cost of living index in Hong Kong is 20.06% lower than in New York.

What is the minimum salary in Hong Kong?

$37.5 per hourStatutory Minimum Wage (SMW) has come into force since 1 May 2011. With effect from 1 May 2019, the SMW rate is raised to $37.5 per hour. Concurrently, the monetary cap on the requirement of employers keeping records of the total number of hours worked by employees is also revised to $15,300 per month.