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Singapore to Hong Kong - Cost Of Living?

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Old 24th May 2007, 03:03 PM
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Default Singapore to Hong Kong - Cost Of Living?

Hi there. Seems like a new place for SG folks here. Nice.

I am currently in Singapore and am earning 190k + 80k bonus (SGD) a year. No other benefits are included though. I am thinking about a new option that has arisen to go to Hong Kong but I know nothing about the cost of living in HK compared to SG. Are they similar?

How much do you think I need to be earning in Hong Kong to maintain the same standard of living my current salary package gives me in Singapore???
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Old 28th May 2007, 01:07 PM
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You could start by looking at a cost of living index. Since you have an executive job, it might give you a fairly accurate idea of what you would need. They are constructed on the assumption that a family of four would require a four-bedroom house with two baths, and two cars, for instance.

They don't work so well for non-executive people, becaue we usually have to adjust somewhat to the local standard of living. We do this even within the same country. I know that if I work in Columbus, Ohio, at the same job, with a market-level salary, I can get a much nicer place to live than if I took the same job, at a market-level salary, in Silicon Valley.
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