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Where you can afford to live in Hong Kong based on your salary
Hong Kong Property | July 15, 2015
We all know how hard it is to find cheap rent in Hong Kong – you can either live in a subdivided apartment or share a “normal-sized” apartment with multiple roommates to make ends meet. According to experts, you should only spend around 33% of your salary/income on rent. If you’re wondering how much rent you can afford for 1 bedroom based on your salary, here are some suggestions based on data gathered.
If you earn 10K, you can afford a bedroom in Sha Tau Kok, Ping Che and Kwan Tei
The only way is North – chances are you’ve never even heard of these places, but if it makes you feel any better, you’ll get some peace and quiet from the busy city.
Find an apartment in Sha Tau Kok
If you earn 20K, you can afford a bedroom in Sheung Shui, Fanling, Yuen Long, Tin Shui Wai, or Lohas Park
These districts may not be anywhere close to Hong Kong Island, but at least you’ll be surrounded by nature and hiking routes!
Find an apartment in Sheung Shui
Find an apartment in Yuen Long
Find an apartment in Tin Shui Wai
If you earn 30K, you can afford a bedroom in Aberdeen, Chai Wan, Kwun Tong, Ma On Shan, Sha Tin, Lai Chi Kok, Kwai Chung, Tsing Yi, Tai Po or Tsuen Wan.
Things are looking brighter – you can afford certain parts of Hong Kong Island and nice parts of Kowloon!
Find an apartment in Ma On Shan
If you earn 40K, You can afford a bedroom in Discovery Bay, Peng Chau, Mui Wo, Tung Chung or Lantau.
Instead of living in the city centre, you can opt for the island life on these outlying islands! It’ll feel like you’re on vacation everyday.
Find an apartment in Discovery Bay
Find an apartment in Tung Chung
If you earn 50K, you can afford a bedroom in Siu Sai Wan, Shau Kei Wan, Taikoo Shing, North Point or Tin Hau.
Congratulations – you can afford to live comfortably on Hong Kong Island! But you still can’t afford Central or Sheung Wan.
Find an apartment in Siu Sai Wan
Find an apartment in North Point
And of course, if you earn over $50K HKD, you can basically afford to rent anywhere in Hong Kong!
