What Is The House Rent and Cost of Living In HonKong

Hongkong is the hottest destination and is in the checklist of every traveler. But you loved the city such that you want to live there than first you should have a good job for that you can check how to find a job in Hongkong. Now, coming to the cost of living according to a report Hongkong is rated as the most expensive place to buy a house and it is also rated as the most expensive place in Asia to live. As per the latest data (2019), the average price of a house in Hongkong is more than $1.2 million and the higher rates are due to the short supply and higher demand. But you can rent and live there if you have a job with a good pay scale. If we take a glance at the population ranking of HongKong than at the end of 2017 the HongKong ranked 104th in the world with a population of 7.392 million. According to the surface area which is just 427 square miles (1,110 square kilometers)  the city has a very high population density.

Let’s first see the money value of HKD you can check the online currency converter also but just for a reference below the conversion has been provided for you.

  • £1000  is Equivalent to HK$10,118
  • A$1000 is Equivalent to HK$5,931
  • €1000 is Equivalent to HK$8,878
  • $1000 is Equivalent to HK$7,811
  • 1 INR  is Equivalent to 0.108609 HKD
  • 1 HKD is  Equivalent  to 9.20738 INR

Cost Of Living In Honkong

According to transferwise.com here are the rents and basic cost of living in Hongkong according to numbeo the cost of living rank 43th out of 460 cities in the world:

1 bedroom flat in city centre (monthly rent): HK$16,551

Four-person family monthly cost without rent: HK$27,099.24

A single person monthly cost without rent: HK$7,592.75

Apartment (1 bedroom) in City Centre: 17,544.59 HK$

Apartment (1 bedroom) Outside City Centre: 12,220.90 HK$

Apartment (3 bedrooms) in City Centre: 38,198.39 HK$

Apartment (3 bedrooms) Outside of Centre: 24,338.10 HK$

Lunch for 2 (3 courses, mid range restaurant): HK$350

Transportation (monthly pass): HK$460

Where You Can Find House On Rent?

You can check various online sites which are provided below or if not that then you can get a property dealer or you can contact your colleges to an idea of location and rent.