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0.17321 While many of you reading this aren’t choosing between Singapore and Hong Kong for the living standards, it is worth mentioning. The Living cost in Mumbai does invariably depend on lot of factors. Drinks in Singapore. A single person costs: $2,310 per month. HK$60.45. Our tool shows cost of living index data for housing, transportation, groceries & more. Your use of this service is subject to our Cost of Living -29.9%. Tuition fees at universities in Singapore have increased significantly over the last year, particularly for international students. These policy tools include caps on loan-to-value ratios on mortgages and debt-servicing ratios of mortgage borrowers—and additional stamp duties levied on housing units sold within certain holding periods as well as those targeting foreign buyers. (5 miles), Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands), Short visit to private doctor (15 minutes), Standard men's haircut in expat area of the city, Basic dinner out for two in neighborhood pub, 2 tickets to the theater (best available seats), Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert, 1 beer in neighbourhood pub (500ml or 1pt. Consumer prices in Perth are 0.46% lower than in Hong Kong. This global financial center is followed by Ashgabat (2) Tokyo (3) Singapore (5) Shanghai (7) and Beijing (10). Living in Hong Kong: Life in this bustling city of more than 7 million people can be a challenge, simply because of its sheer size and dense population. ), 1 min. Other comparisons Hong Kong vs Singapore: Copyright © 2009-2021 Numbeo. SGD For instance, your choice of clothes will have a bearing on this cost. Singapore is an independent sovereign nation and Hong Kong is a specially-administered region of China. Hong Kong Vs Singapore: Affordability. Local purchasing power in Perth is 48.07% higher than in Hong Kong. Cost of living in Singapore compared to Hong Kong. Like Singapore, Hong Kong has an extensive network of buses, mini-buses, ferries, MTR trains and tramways. Winner: Hong Kong. Cost of Living Comparison Between Singapore and Hong Kong You would need around 8,331.50S$ (48,101.59HK$) in Hong Kong to maintain the same standard of life that you can have with 8,100.00 S$ in Singapore (assuming you rent in both cities). Cost of living in Hong Kong is 15% more expensive than in Singapore; Cost of living in Montevideo is 67% more expensive than in Buenos Aires; Cost of living in New York City is about the same as in London; Cost of living in Caracas is 71% cheaper than in San Jose, Costa Rica; Cost of living in Buenos Aires is 15% cheaper than in Bogotá Therefore, what might be applicable to someone else might not be the same in your case. It is based on 2,005 prices entered by 320 different people. $15.17. Privacy Policy, Copyright © 2009-2021 Numbeo. pay 13.0 % less for restaurants. > is. We provide several metrics to compare the cost of living including cost of groceries, transportation, and more. 2. Both are pretty amazing places to spend some time in. The average age in Hong Kong is 42 years, against the 40.7 years of those in Singapore.The population in Hong Kong is growing at around 1% per year, and in Singapore, a very similar 1.2% (this growth was in the year 2014-2015, the slowest that has been seen in over a decade). Written by Hong Kong expatriates for Hong Kong expatriates, our guide to living in Hong Kong contains a no-holds-barred view of what life in this fascinating city is really like. This is the reason they are looked at as Asia‘s future international banking and trading centres, which provide immense benefits to holding companies looking to invest in the emerging markets of China, India, Indonesia, Thailan… Both cities are notoriously expensive places to live; in the latest Mercer Cost of Living survey, Hong Kong comes 3 rd out of 214 cities, and Singapore 4 th. This takes into account variables such as cost of food, housing, clothes, transportation, personal care and entertainment. The EIU’s Worldwide Cost of Living 2013 survey ranked Hong Kong 14th on a global scale and the 4th in Asia, behind Singapore, Osaka and Tokyo. $2,915.50 Ranked 5th. What you spend your money on Those extra dollars don’t necessarily get you as far in Hong Kong, however. > A family costs: $6,788 per month. Perth. Basic meal with drink at inexpensive restaurant. $24507.19/mth. Prepaid mobile tariff (no discounts or plans), Mobile version Cost of living in Singapore is 12% cheaper than in Hong Kong Cost of living in Singapore is 207% more expensive than in Delhi Cost of living in Singapore is 200% more expensive than in Bangalore Cost of living in Singapore is about the same as in Los Angeles, California A single person estimated monthly costs are 1,060.44$ (8,231.63HK$) without rent. This comparison is based on abundant and consistent data. Hong Kong (1) retained its spot as the most expensive city for expatriates both in Asia and globally due to currency movements measured against the US dollar and driving up the cost of living locally. Your use of this service is subject to our, Quality of Life Comparison Hong Kong vs Singapore, Health Care Comparison Hong Kong vs Singapore, Pollution Comparison Hong Kong vs Singapore, Property Prices Comparison Hong Kong vs Singapore, Traffic Comparison Hong Kong vs Singapore, Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds (or Equivalent Combo Meal), Beef Round (1kg) (or Equivalent Back Leg Red Meat), Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, 1 min. Cost of living in Hong Kong compared to Singapore. Human tastes are different. Hong Kong is 38% cheaper than New York City. The top rate in Singapore for income above the first US$230,500 is 22 per cent; in Hong Kong, the top rate is 17 per cent. Basic lunchtime menu (including a drink) in the business district, Combo meal in fast food restaurant (big mac meal or similar), 500 gr (1 lb.) However, Hong Kong fares better in this category because of its slightly lower prices, as well as higher train frequencies and reliability. Singapore comes fourth. Just to give to a clear picture, 1 pair of Levis Jeans will command a price of INR 2,585.91. Cost of Living Comparison Calculator. Housing in Singapore is 39% cheaper than in Hong Kong Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area SGD $3,613 (HK$20,818) See how the cost of living in Adelaide compares to Hong Kong. Online salary comparison calculator to compare the cost of living standards in Singapore, Singapore and Hong Kong, Hong Kong. of prepaid mobile tariff (no discounts or plans), 1 month of gym membership in business district, Weekly rent - 45m2 furnished studio in expensive area in, 1 box of 32 of tampons (tampax, ob, ...) in, 1 month of gym membership in business district in, Basic lunchtime menu (including a drink) in the business district in. $23438.69/mth. Hong Kong help_outline. Our tool shows cost of living index data for housing, transportation, groceries & more. Restaurant prices in Perth are 32.74% higher than in Hong Kong. 100%. Notably, both occupy the top two places of the World Bank’s Ease of Doing Business rankings. Singapore is smaller, housing around 5.54 million people. It's the first time Singapore has ranked ahead of Hong Kong since Mercer started its annual Worldwide Cost of Living survey in 1994. We provide several metrics to compare the cost of living including cost of groceries, transportation, and more. Cost of Living in Hong Kong. The top rate in Singapore for income above the first US$230,500 is 22 percent; in Hong Kong, the top rate is 17 percent. 2. of Prepaid Mobile Tariff Local (No Discounts or Plans), Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, International Primary School, Yearly for 1 Child, 1 Summer Dress in a Chain Store (Zara, H&M, ...), Price per Square Meter to Buy Apartment in City Centre, Price per Square Meter to Buy Apartment Outside of Centre, Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate. LIVING COSTS. Hong Kong vs Singapore. Cost of living in Copenhagen is 16% cheaper than in New York City; Cost of living in Madrid is 128% more expensive than in Buenos Aires; Cost of living in Hong Kong is 14% more expensive than in Singapore; Cost of living in Valencia is 87% cheaper than in London; Cost of living in New York City is about the same as in London Rent Prices in Singapore are 13.41% lower than in Hong Kong Restaurant Prices in Singapore are 4.80% higher than in Hong Kong Groceries Prices in Singapore are 9.35% lower than in Hong Kong Local Purchasing Power in Singapore is 28.48% higher than in Hong Kong Monthly rent costs: $1,932 per month. / Overall, rent in Hong Kong is 47 percent more expensive, according to June data from Expatistan.com. Hong Kong is home to around 7.2 million inhabitants. What You Spend Your Money On Those extra dollars don't necessarily get you as far in Hong Kong, however. According to some estimates, a three-bedroom apartment in Hong Kong (US$10,000 per month) could be twice the price of a dwelling the same size in Singapore … Hong Kong. Cost of living in Sarajevo is 12% more expensive than in Novi Sad Cost of living in Mexico City is 14% more expensive than in Bogotá Cost of living in Valencia is 87% cheaper than in London Cost of living in Hong Kong is 15% more expensive than in Singapore $11.04. Singapore help_outline. This calculation uses our Cost of Living Plus Rent Index to compare cost of living. Compare Countries Cost of living in Hong Kong compared to Singapore. If you want to compare the cost of Living in Singapore VS Hong Kong, please visit our page and find comprehensive information related to the prices of the groceries, taxi fare, hotel prices, and compare easily. Hong Kong tops Mercer’s global cost of living survey. The cost of living and relocating staff is one such issue. Grocery prices in Perth are 13.33% lower than in Hong Kong. Breakdown of prices in Hong Kong, Hong Kong for housing, food, transportation, going out for March 2021. You just need to type Singapore and Hong Kong in our compare tool to find pertinent information in an easy to understand list format. The quality of living is about the same, though if I were to pick one, I’d have to pick Singapore. HKD. Exchange rate: Restaurant Prices in Hong Kong are 3.97% lower than in Singapore Groceries Prices in Hong Kong are 7.61% higher than in Singapore Local Purchasing Power in Hong Kong is 22.74% lower than in Singapore The Cost of Living in Hong Kong is low. This is made up of an eclectic mix of locals, Chinese, and expats from all around the world. Summary about cost of living in Hong Kong, Hong Kong: Family of four estimated monthly costs are 3,749.02$ (29,101.60HK$) without rent (using our estimator). Coffee costs: $2.15. 1% more than Hong Kong Real estate prices > Rent per month > 3 bedroom apartment > Outside city centre: $2,784.00 Ranked 7th. $7.74. Full version A single traveler costs: $2,339 per month. See how the cost of living in Canberra compares to Hong Kong. © 2009-2021 Expatistan.com, These prices were last updated on March 15, 2021. We provide several metrics to compare the cost of living including cost of groceries, transportation, and more. of boneless chicken breast, 0.5 l (16 oz) domestic beer in the supermarket, Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area, Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area, Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat, Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area, Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area, Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio, Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands), 1 summer dress in a high street store (zara, h&m or similar retailers), 1 pair of sport shoes (nike, adidas, or equivalent brands), Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new, Taxi trip on a business day, basic tariff, 8 km. Hong Kong and Singapore have both tried to rein in the pressures of housing prices by implementing macroprudential measures. Cost of living: According to website Expatisan.com, the cost of living in Singapore is 9 percent cheaper than in Hong Kong overall. Cost of Living Comparison Between Hong Kong and Singapore You would need around 46,599.24HK$ (8,071.28S$) in Singapore to maintain the same standard of life that you can have with 48,000.00 HK$ in Hong Kong (assuming you rent in both cities). This calculation uses our Cost of Living Plus Rent Index to compare cost of living. Terms of Use and Monthly rent for a 900-square-foot furnished residence in an expensive area costs … 5% more than Hong Kong