I read in another thread in this forum the truism that a bowl of dumplings and glass of soy milk cost more in a Western country than in HK.
This is true beyond even the shadow of a doubt.
If you're content to live off dumplings and soy milk (and sticky rice, congee [rice gruel], rice noodles, chicken feet, gristle, steamed fish, etc.) and eschew time-and-labor-saving services and technology in favor of pseudo-indentured imported human servants, and basically regress your standard of living to early-20th-century levels (but with worse nutrition and cell phones. iPods, and Octopus cards tacked on), then yes, HK can be an inexpensive place to live.
In fact, if we were all willing to live like Ben Gunn (the character from Treasure Island pictured above), then we could save ourselves so much money that we'd all be billionaires!![]()