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HK Living Costs for 20 something couple

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  1. #1

    Talking HK Living Costs for 20 something couple

    Hi everyone, I'm considering a move to HK with my wife. From the research that I've done i've compiled the following living cost figures. These are based on only 1 income (mine) and living in shuen wan. Commuting to Kowloon bay costing about $400 a month has been included in transportation. It would be great to hear from you all.

    Income $ 40,000.00

    Deduct Living Costs for Married Couple no kids

    Rent -$ 15,000.00
    Income Tax -$ 5,800.00
    Bills
    Broadband -$ 500.00
    Phone Inc
    Cell Phone -$ 200.00
    Cell Phone -$ 200.00
    Electric -$ 1,000.00
    Gas -$ 500.00
    Water -$ 100.00

    Others
    Food -$ 6,000.00
    Transportation -$ 1,612.00
    Clothes -$ 1,500.00
    Socialising -$ 2,400.00
    Savings $ 5,188.00


  2. #2

    Join Date
    Dec 2009
    Location
    Hong Kong
    Posts
    1,479

    The estimates are reasonable - my comments below
    Gas and water will be around $200
    Western branded clothes are very expensive.

    One word of advice, when you rent a property in HK, you have to give 2 months rents as deposit, 1month upfront, and half a month rental for property agent. For utilities you have to provide deposits too, ranging from $400-1000.


  3. #3

    Hi WMDS, thank you for the heads up. I've read that a lot elsewhere and it is a huge outlay in the beginning. Well worth knowing before going!

    Is there anything else you think we need to consider?


  4. #4

    Join Date
    Apr 2005
    Location
    Sai Kung
    Posts
    8,561

    why live in sheung wan if you are going to be working in kowloon bay? you could try someplace MUCH closer to work...like: laguna city, sceneway garden, tseung kwan o, even sai kung has a minibus to kowloon bay....many of the complexes in these areas (sai kung aside) would even have a clubhouse that you would have access to...which would have a swimming pool and gym!

    besides, your rent will be a LOT cheaper if you live in kowloon instead. hk is so easy to get around, it's not like it would be difficult to jump in a taxi to go home after a night out on the town...that might cost you $60-80 every couple of weeks

    you also don't have anything for "tv"... will you want the cable tv channels? if so, you need to budget that in....

    Creative83 likes this.

  5. #5

    Join Date
    Oct 2005
    Posts
    14,372

    Socialising is a bit low

    $2400 would buy you two decent meals with wine in western restaurants.


  6. #6

    Hey carang, thank you for your reply. From what I have seen the rents are reasonable in Sheung Wan and its on HK island and close to most things (forgive my ignorance here). Can you recommend good websites for property places in the places you mentioned?

    With regard to TV, I allowed $500 to include for cable aswell, is this too low?


  7. #7

    Join Date
    Apr 2005
    Location
    Sai Kung
    Posts
    8,561

    gohome.com.hk is advertising rents in laguna city:
    644' for 11.5k-14k

    sceneway gardens (directly above the mtr station) for:
    680' for 14k....


  8. #8

    Hi Jimbo
    Thank you for posting. I think we would have to accept that we wont be living it up as we would here and would try to eat in the local places. Do you think this is being a bit naive?


  9. #9

    Just checked out that Laguna City, the location seems perfect and rents are reasonable! Shame it doesn't have photos inside the apartment.


  10. #10

    Join Date
    Apr 2005
    Location
    Sai Kung
    Posts
    8,561

    hk is a VERY small place. everything is close to everything, unless you live in the boonies like i do.

    i lived in laguna city for a few years and found it very convenient. it's close to telford gardens (western-ish supermarket: Marketplace by Jason's), cinema, shopping.... it's close to Megabox (jusco dept store, another cinema, IMAX, skating rink etc). it's a 1 minute minibus ride to the MTR station (lam tin) and you would be in central in about 20-30 minutes. there is also a bus that goes to TST in about 20 minutes (maybe 30 with traffic)....


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