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Ask HN: How much do you save in Hong Kong with 100 HKD monthly salary?

3 pointsby symboleproabout 7 years ago

1 comment

FabHKabout 7 years ago
eh? 100 HKD is about 13 USD, so you won&#x27;t save anything.<p>100k HKD is 13k USD. As the max salary tax is about 16%, you&#x27;ll have about 84k HKD&#x2F;month net (minus minor contributions to the mandatory retirement fund). Your savings then depend largely on two things:<p>1. your accommodation. Housing is very expensive in HK. You can live frugally on about 10k HKD a month in a tiny flat, or you can spend 60k HKD a month on a 4-bedroom flat in the midlevels (forget about a house).<p>2. lifestyle&#x2F;food. One can live and eat very cheaply in HK (25 HKD BigMac meal, and even cheaper noodles), or rather expensively (and add a 10k HKD vodka bottle in the club).<p>Given that the median household (!) income is 20-25k HKD&#x2F;month, and, say, 60k HKD&#x2F;month is considered a good income, and a live-in maid earns about 5k HKD&#x2F;month, you should be able to put aside 20k to 50k HKD a month, depending on your lifestyle (or 30k to 75k USD a year).
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