Hi, I have a question about salaries in Hong Kong. I am a frugal person, single, do not need a big expat lifestyle etc. I know that HK can be expensive. I would like to know if a salary around US60,000/year with[u] no[/u] extra bonuses such as housing would afford someone an opportunity to live comfortably as well as save some money at the same time.
Any feedback would be much appreciated as I know there is a very broad range of salaries in HK.
Thanks
hong kong salary US60k/year enough?
-
- Posts: 9
- Joined: Fri Jan 16, 2009 7:13 am
-
- Posts: 7
- Joined: Mon Jun 18, 2007 1:31 am
-
- Posts: 150
- Joined: Mon Jun 14, 2010 1:13 am
Its enough
I am finishing a 2 year contract in HK on US$ 65,000 per year, including bonus and in two years I managed to save US$50,000. I have a non-teaching wife and 2 kids, which doeasn't really hurt because my total tax burden for 2 years was just HK$ 700.
I'm also frugal and I live on Lamma Island so my rent is roughly 1/2 of what other teachers pay and of course Lamma is a paradise. But my commute time is roughly 3hours per day.
Hong Kong is an excellent city in many ways but polluted and it gets hot, humid. The people are great.
I'm also frugal and I live on Lamma Island so my rent is roughly 1/2 of what other teachers pay and of course Lamma is a paradise. But my commute time is roughly 3hours per day.
Hong Kong is an excellent city in many ways but polluted and it gets hot, humid. The people are great.
-
- Posts: 7
- Joined: Mon Jun 18, 2007 1:31 am
Thanks for the reply.
I have been in HK now for about 9 months since the original post. In case anyone else is reading this thread, I am also able to save money on my salary.
The saving took a while though. When I first got here, I had to borrow quite a bit of money to cover initial set-up costs regarding rent, furniture etc. After about 4 or 5 months, I was saving.
I have been in HK now for about 9 months since the original post. In case anyone else is reading this thread, I am also able to save money on my salary.
The saving took a while though. When I first got here, I had to borrow quite a bit of money to cover initial set-up costs regarding rent, furniture etc. After about 4 or 5 months, I was saving.
Re: Its enough
[quote="higgsboson"]I am finishing a 2 year contract in HK on US$ 65,000 per year, including bonus and in two years I managed to save US$50,000. I have a non-teaching wife and 2 kids, which doeasn't really hurt because my total tax burden for 2 years was just HK$ 700.
I'm also frugal and I live on Lamma Island so my rent is roughly 1/2 of what other teachers pay and of course Lamma is a paradise. But my commute time is roughly 3hours per day.
Hong Kong is an excellent city in many ways but polluted and it gets hot, humid. The people are great.[/quote
Wonderful! At what school are you teaching? Is it family friendly? Have your children adjusted well?
Thanks!
I'm also frugal and I live on Lamma Island so my rent is roughly 1/2 of what other teachers pay and of course Lamma is a paradise. But my commute time is roughly 3hours per day.
Hong Kong is an excellent city in many ways but polluted and it gets hot, humid. The people are great.[/quote
Wonderful! At what school are you teaching? Is it family friendly? Have your children adjusted well?
Thanks!