Hong Kong is a vibrant city boasting a mix of modernity, culture, and opportunity, but it’s also one of the most expensive places to live. Managing your expenses is key to enjoying the city without financial stress. This guide outlines average costs in various categories to help expats, foreign workers, and new arrivals budget effectively. 

1. Average Cost of Living (Excluding Rent) 

Let's cut to the chase, if you're living alone you'll be expected to spend anywhere between HK$6,000–HK$9,000. This will cover everything from groceries, utilities, transport, insurance and even a little bit of personal spending.

 2. Rent Costs in Hong Kong

Rent is likely to be your biggest expense in Hong Kong. Prices vary significantly depending on the size, location, and type of apartment. Here is a brief breakdown of the average costs but be sure to check out our housing guide for a more in depth view.

• One-bedroom flat in the city centre: HK$15,000–HK$25,000 

• One-bedroom flat outside the city centre: HK$10,000–HK$15,000 

• Larger family apartments can range from HK$30,000–HK$50,000+ 

To save on rent, consider living further from central areas like Wan Chai or Central, and explore neighbourhoods like Tsuen Wan or Tai Po. 

3. Utility Costs 

In Hong Kong, utility costs typically range between HK$800 and HK$2,200 each month. This covers essentials like electricity, water, gas, and basic internet services. Of course, the final amount depends on factors like the size of your apartment, how many people live there, and your daily habits. For a more in depth breakdown on how these costs are determined and where you might be able to save a little, be sure to check out our utilities management guide as well.

4. Groceries 

Grocery costs depend on whether you shop at local markets or international supermarkets. Here’s a look at typical prices for some common items:

• Milk (1 litre): HK$25–HK$30 

• Bread (loaf): HK$15–HK$20 

• Eggs (12): HK$30–HK$35

• Chicken breast (1 kg): HK$75–HK$85 

• Apples (1 kg): HK$25–HK$35 

• Rice (1 kg): HK$15–HK$25 

Shopping at local wet markets can save you money compared to chain supermarkets like Wellcome, 7-Eleven or ParknShop. 

5. Insurance Costs 

Hong Kong offers a dual public-private healthcare system. Public healthcare is highly subsidised for residents with a Hong Kong Identity Card, making it incredibly affordable. For example, a general visit costs around HK$50, and an emergency room visit is about HK$180. Even hospital stays rarely exceed HK$120 per day. However, long wait times are common, especially for specialist care or non-urgent procedures.

This is where private healthcare comes in. While significantly more expensive, it offers faster access, the ability to choose your doctor, shorter wait times, and a more personalised experience. Many expats and higher-income locals opt for private care. Either by preference or because it’s covered by employer-provided insurance. Private insurance is also useful for covering services the public system doesn’t always include, such as dental, vision, or certain prescription medications.

The cost of private health insurance varies depending on your age, coverage level, and pre-existing conditions. On average, individual plans range from HKD $2,000 to $6,000 per month. More comprehensive or international policies can exceed even that. Family plans or those with maternity cover will naturally be higher.

6. Transportation Costs 

Hong Kong’s public transport system is world-class and affordable. Here’s what to expect regarding transport costs:

• Public Transport (via Octopus Card): 

  • MTR (subway): HK$5–HK$15 per trip 

  • Buses and minibuses: HK$6–HK$20 per trip 

  • Trams (Hong Kong Island): Flat fare of HK$3 

• Taxis (flagfall): HK$27–HK$32 for the first 2 km, then HK$1.90–HK$2 per 200 metres 

• Private Cars (monthly cost): 

  • Parking: HK$3,000–HK$6,000+ 

  • Petrol (per litre): HK$17–HK$20  

Using public transport is far more economical and convenient than owning a car in most cases within the city. Consider only purchasing a car is you need to travel often to or from more rural areas.

7. Dining and Entertainment 

Dining out in Hong Kong is a cultural experience in itself, with options ranging from cheap local eats to high-end international cuisine.

• Local eateries (cha chaan teng): HK$50–HK$80 for a casual meal

• Mid-range restaurant (three-course meal for two): HK$400–HK$700

• Fast food combo: HK$40–HK$60

For entertainment, costs can vary depending on how you spend your free time:

• Movie ticket: HK$90–HK$140

• Drink at a bar or nightclub: HK$80–HK$150

• Gym membership: HK$600–HK$1,200 per month

Looking for low-cost options? Hong Kong offers plenty of free public parks, hiking trails, beaches, and cultural festivals that don’t cost a cent.

Final Tip 

Hong Kong is dynamic, diverse, and can be costly. But with smart expense management you can make sure you thrive here while making the most of all the city has to offer. 

Whether you're budgeting for monthly expenses or looking for tips on reducing costs, planning is key to managing your finances. Good luck settling in!