Cost of Living in Hong Kong: A Guide on Expected Expenses

Hong Kong is an alluring destination for tourists, professionals, and students. While living here you get to experience life through various traditions and cultures. Along with a vibrant lifestyle and high standards of living, Hong Long also offers world-class education. If you wish to move here, make sure you know its living expenses beforehand. So, in this blog, you will see a complete breakdown of the cost of living in Hong Kong. You will learn about its various expenses, such as transportation costs, utility bills, monthly rent, and more. Let’s dive right into our discussion without any further delay. 

Why Choose Hong Kong to Study Abroad?

Hong Kong is an ideal place for the pursuit of education and excellent reasons. Here are some of the main reasons why you should study in Hong Kong:

Increased Employment Opportunities: Studying in Hong Kong can increase job opportunities as it is a hub for global business and finance. 

Cultural Diversity: Pursuing your education here exposes you to cultural diversity, enhancing the overall learning experience for you. 

High Quality of Teaching: The quality of teaching and learning in Hong Kong is considered to be among the boast. So, studying here ensures that you receive the best education possible. 

Also Read: Cost of Living in Rotorua New Zealand: A 2024 Guide on Expected Expenses

Cost of Living in Hong Kong

The monthly cost of living for a family of four in Hong Kong is 31,714.7 HK$ without rent, while it is 8,929.5 HK$ for an individual without rent. Let’s learn in detail the cost of living in Hong Kong:

Transportation

The transportation costs in Hong Kong are shown in the table given below: 

Price of a One-way Ticket for Local Transport	12.00 HK$
Regular Price of Monthly Pass	500.00 HK$
Cost of Taxi Start (Normal Tariff)	27.00 HK$
Cost of Taxi 1 km (Normal Tariff)	10.00 HK$
Cost of Taxi 1 hour Waiting (Normal Tariff)	114.00 HK$

Grocery Expenses

The table below lists the average grocery prices in Hong Kong:

Price of 1 litre Milk (regular)	24.87 HK$
Price of 1 kg Rice (white)	18.84 HK$
Price of Eggs (regular) (12)	31.10 HK$
Cost of Loaf of Fresh White Bread (500g)	17.67 HK$

Restaurant Costs

The table below demonstrates the average restaurant costs you can expect to bear in the region:

Price of Meal at an Inexpensive Restaurant	69.00 HK$
Price of Meal for 2 People, Mid-range Restaurant, Three-course	500.00 HK$

Utility Costs

Here are the average utility expenses in Hong Kong:

Basic Utility Cost (Heating, Electricity, Cooling, Water, and Garbage) for 85m2 Apartment	1,832.16 HK$
Monthly Plan of Mobile Phone with Calls and 10GB+ Data	149.00 HK$
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	167.35 HK$

Housing Costs

Have a look at the housing expenses in the region: 

Monthly Rent for a 1-bedroom Apartment in the City Centre	17,700.00 HK$
Monthly Rent for a 1-bedroom Apartment Outside of the Centre	12,642.86 HK$
Monthly Rent for a 3-bedroom Apartment in the City Centre	36,867.65 HK$
Monthly Rent for a 3-bedroom Apartment Outside of the Centre	24,956.25 HK$
The price per Square Meter to Buy an Apartment in the City Centre	221,816.15 HK$
The Price per Square Meter to Buy an Apartment Outside of Centre	146,451.47 HK$

Average Tuition Fees in Hong Kong

Now that you know the cost of living in Hong Kong let’s look at its educational costs. See the table below to learn about the average tuition fees charged by the universities in the region.

Average Annual Tuition Fees for Undergraduate Course	72,000 HK$ – 150,000 HK$
Average Annual Tuition Fees for Postgraduate Courses	90,000 HK$ – 250,000 HK$
Average Annual Tuition Fees for PhD Courses	90,000 HK$ – 265,000 HK$

Also Read: Cost of Living in North Bay Ontario: A 2024 Guide on Expected Expenses

Things to Know When Moving to Hong Kong

Now, you understand in detail the cost of living in Hong Kong. So, have you finally made up your mind to move to Hong Kong? If yes, then here are some of the important things you should know before you move there:

No Language Issue: Both Chinese and English are the official languages of Hong Kong because of its history as a former British colony. So, not knowing Chinese won’t be a problem here. 

Amazing Delicacies: The food in Hong Kong is more diverse and delicious than you can imagine. Some of the popular delicacies in the region are Prawn wonton noodles: Tsim Chai Kee, Pineapple bun: Kam Wah Cafe & Bakery, and Dim Sum: Dim Dim Sum.

A Lot to See and Do: There is a plethora of activities you can explore in Hong Kong. You can visit numerous attractions, such as Hong Kong Disneyland, Stanley Market and Murray House, Tian Tan Buddha (Big Buddha), and Temple Street Night Market.

Affordable Public Transportation: The region boasts a reliable and affordable public transport system including busses and trains, ensuring a convenient travel experience for everyone. 

Relevant Reads:

Cost of Living in Wakefield, UK for International Students	A 2024 Guide to Cost of Living in Kitchener Canada for International Students
Cost of Living in Graz for International Students: A 2024 Guide	Cost of Living in Tula: A 2024 Guide on Expected Expenses
Cost of Living and Top Reasons to Live in Thames, NZ	Cost of Living in Breda Netherlands: Per Month Living Cost for International Students

FAQs

So, this was all about the cost of living in Hong Kong. Many Indian students dream of pursuing education in foreign nations due to the exposure and career growth they offer. Consider joining a free counselling session with Leverage Edu if you plan to study abroad.