How Much Does It Cost to Live in Hong Kong? A Guide to Housing, Food, and Transport Expenses
Hong Kong, with its unique international charm, efficient transportation network, and thriving economy, is a magnet for residents and visitors from across the globe. However, the cost of living in Hong Kong is notoriously high, with rent often being the most significant financial burden. If you’re planning to move to Hong Kong or rent a home, this guide provides a detailed overview of living expenses, Hong Kong rent prices, and a modern housing solution — to help you enjoy a high-quality lifestyle on a reasonable budget.
1. Is Hong Kong Expensive? Overview of Living Expenses
According to Numbeo’s 2025 database, Hong Kong ranks 22nd globally on the cost of living index. While it’s one of the most expensive cities in the world, understanding key expenses — such as food, transport, and utilities — can help you plan your budget effectively and ease financial stress.
1.1 Dining Expenses
Known as a culinary paradise, Hong Kong offers a wide variety of dining options, from casual eateries to high-end restaurants. Here’s a breakdown of Hong Kong food prices:
- Affordable restaurants: A meal at a tea house, food stall, or cooked food centre costs around HK$60–100.
- Fast food chains: Set meals at McDonald’s or KFC are priced at about HK$40–60.
- Fine dining: High-end Chinese, Japanese, or Western meals range from HK$300–700 per person.
Cooking at home is a cost-effective alternative. Common grocery prices include:
- Milk (1 litre): HK$25–30.
- White rice (5 kg): HK$50–80.
- Eggs (12): HK$20–40.
1.2 Transportation Costs
Hong Kong’s public transportation system is extensive, affordable, and reliable. You can easily travel across the city via the MTR (subway), buses, and minibuses.
- MTR fares: HK$4–20 per journey (depending on distance).
- Public bus fares: HK$5–15.
- Taxi fares: Starting at HK$27 for the first 2 km, with an additional HK$1.9–2.5 per km.
Using an Octopus card offers convenience and discounts on multiple transport modes, including the MTR, buses, and minibuses. For frequent commuters, monthly ticket plans can significantly reduce costs.
1.3 Utilities and Internet Costs
Utility bills in Hong Kong vary depending on the size of your apartment and consumption levels. Here’s an estimate:
- Utilities: HK$1,500–2,500 per month for a single apartment.
- Broadband internet: HK$200–400 per month.
- Mobile phone plans: HK$150–300 per month, depending on data requirements.
2. Hong Kong Rent Prices
Renting a home is typically the largest expense in Hong Kong. Rental prices depend on factors such as location, size, building age, and nearby amenities. Here’s a general guide to average rent in Hong Kong, based on the 2025 Rating and Valuation Department report:
- City centres (Central, Wan Chai, Tsim Sha Tsui): ~HK$19,160/month for a 40m² unit.
- Suburban areas (Kowloon, Shatin): ~HK$17,120/month.
- New Territories: ~HK$13,560/month.
Additionally, renters should budget for management fees and utilities, which can add HK$1,500–2,500 to monthly expenses.
3. Types of Rental Housing in Hong Kong
Hong Kong’s high population density, limited land supply, and soaring property prices have shaped its rental market. Here are the main housing types:
- Private housing: Includes apartments, detached houses, and luxury residences, offering high-quality living but at a higher price point.
- Village houses: Found in the New Territories, these affordable two- to three-story homes are ideal for families.
- Serviced apartments: All-inclusive rentals with utilities, internet, furniture, and regular cleaning services, making them ideal for short-term stays, transitions or new arrivals.
4. Why Choose Weave Living Hong Kong?
For expats, international students, or professionals who stay for a short period of time, Weave Living’s apartments are a flexible and cost-efficient choice. Here’s why:
1. Flexible Lease Terms
Traditional rentals in Hong Kong often require a 1–2 year lease (commonly known as a "1+1" agreement). In contrast, Weave Living offers lease periods as short as three nights, making it ideal for transitional residents, short-term workers, or international students.
2. All-Inclusive Rent
Weave Living’s apartments include all major expenses — utilities, internet, cleaning, and furniture — eliminating the hassle of managing multiple bills.
3. Prime Locations
Weave Living properties are situated in Hong Kong’s most convenient locations, close to business districts and public transport. Options include:
- Weave Residences: Luxurious private suites for long-term stays.
- Weave Suites: Hotel-like serviced apartments.
- Weave Studios: Co-living spaces for a community vibe.
Recommended Rentals in Hong Kong
Top Picks in Hong Kong Island：
✔ Weave Suites – Central West: Located in Sai Ying Pun, just minutes from Central’s business district.
✔ Weave Residences – Mid-Levels: Nestled in a tranquil area with stunning views of Victoria Harbour.
Top Picks in Kowloon：
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✔ Weave Studios – Kai Tak: Close to Sung Wong Toi MTR station, offering easy access to Lion Rock’s natural beauty.
✔ Weave Studios – Kowloon West: Situated in vibrant Tai Kok Tsui, near the bustling Mong Kok district. Easy access to Olympic MTR Station and West Kowloon High-Speed Rail Station.
✔ Weave Studios – Olympic: Vibrant situated in Tai Kok Tsui neighbourhood, conveniently located near Olympic MTR Station and West Kowloon High-Speed Rail Station. Walking distance to bustling Mong Kok district.
Conclusion
While living in Hong Kong comes with high costs, smart choices can help you enjoy the city without overspending. Weave Living’s apartments offer an all-inclusive, flexible options for both short- and long-term stays, eliminating the hassles of traditional rentals. Whether you’re a student, professional, or traveller, these modern accommodations provide convenience, style, and value in the heart of the city.
Discover your ideal home in Hong Kong now!