A recent survey found out that Hong Kong is the eight most expensive city in Asia for an expatriate worker to live in… I’m not surprised about this. Rent is extremely high here and you can spend a fortune on eating out at restaurants.
In the past, Singapore was more expensive but it seems that Hong Kong has overtaken the city of the merlion. That’s partly because of Hong Kong’s Dollar being pegged to the US Dollar, but partly also because life here can be very expensive.
Out of 400 cities that have been surveyed, Hong Kong comes in on 28th place – if the survey (more details here) would take rent into account, Hong Kong would probably be in the top 5!
If you are more interested in the cost of living in Hong Kong, head over to Niall’s blog, where he posted about the costs of living here for seven weeks. He spent 342 USD which is 2,651 HKD per week – and that’s really cheap!
A few other bloggers offered their tips and thoughts, and as you can see, some things (public transport, water, education) are cheap while others (rent, electricity in summer months, buying Western food) are more expensive.
What are your thoughts, is Hong Kong more expensive than Singapore? Does it deserve the 8th place in Asia (after Bejing, Tokyo etc.) rightly? Let me know.