What is the average household income in Hong Kong?
In 2020, the median household income per month decreased to around 25,500 Hong Kong dollars in Hong Kong.
What is the median monthly income for workers in Hong Kong?
$18,400
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.
What is the average expat salary in Hong Kong?
The minimum wage in Hong Kong is much lower than in the UK and USA, at just $37.5 HKD (roughly £3.51/$4.82 USD). However, the average salary is much higher at $19,100 HKD (£1,787/$2,455 USD) per month for men and $14,700 HKD (£1,375/$1,890 USD) for women.
Is average income the same as median income?
Median household income is the income cut-off where half of the households earn more, and half earn less. Average Household Income: Average (or mean) household income on the other hand is calculated by dividing the total household income in the target geography by the number of households.
What salary is considered rich in Hong Kong?
According to the World Wealth Report, there are around 138,000 High Net Worth Individuals (HNWI) in Hong Kong. A net worth of 1 Million USD or 7.8 Million HKD is required to qualify for the HNWI distinction.
What is high salary in Hong Kong?
Top Hong Kong Salaries – By Job The highest paid Hong Kong are Legal Department professionals at $128,000 annually. The lowest paid Hong Kong are Transportation & Logistics professionals at $29,000.
Are Hong Kongers rich?
Many live in Hong Kong, which has one of the world’s highest concentrations of millionaires. China is also home to over 600 billionaires, more than any other country except the United States (which has about 850) and far above number three India (with 165).
What is middle class in HK?
MIDDLE CLASS’ ANXIETY It is not easy to be middle class in Hong Kong, one of the world’s most expensive cities. To join the rank, a household needs to earn at least 55,000 HK dollars, or $7,000, a month, according to Paul Yip Siu-fai, a senior lecturer at the University of Hong Kong.
What is middle class in Hong Kong?
What is my household income?
Household income is the total gross income for all people living in a home who are age 15 or older. That means the household income is the sum of all salaries, wages, profits and other forms of income before subtracting any taxes or deductions.
What is considered upper class in HK?
If you make more than HK$30,000, you are in the top 20%. 14% of local workers earned more than HK$40,000 and top earners with monthly salary of HK$60,000 or more account for 6.8% of the working population.
What is considered rich in HK?
The median net asset value of multimillionaires slightly increased to HK$15.7 million from HK$15.5 million last year, while the median of their liquid assets increased from HK$3.5 million to HK$4 million.
What is considered high income in Hong Kong?
According to the Census and Statistics Department the median individual income of Hong Kong in 2016 was HK$15,500 per month. If you make more than HK$30,000, you are in the top 20%.
What is the average salary in Hong Kong?
The average salary in Hong Kong is HK$369k. Trends in wages decreased by -100.0 percent in Q3 2021. The cost of living in Hong Kong is NaN percent lower than the national average. The most popular occupations in Hong Kong are Project Manager, (Unspecified Type / …Read more The most common companies reported by employees working in Hong Kong.
What is the per capita income of Hong Kong?
In 2019, GNI per capita for Hong Kong was 51,723 US dollars. GNI per capita of Hong Kong increased from 987 US dollars in 1970 to 51,723 US dollars in 2019 growing at an average annual rate of 8.78%. The description is composed by our digital data assistant. What is GNI per capita?
What is the average rent in Hong Kong?
This is especially noticeable in Kowloon, where the population density is the highest. The average rent for a one-bedroom apartment in Hong Kong can range from 12,000 to 20,000 HKD (1,500 to 2,500 USD) or more per month. On the upside, most apartments easily meet the highest standards of living.
What is Hong Kongs main source of income?
The source of profits for a manufacturing business is the place where the goods are manufactured. The profits arising from the sale of goods manufactured in Hong Kong are fully taxable here.