Is Quarry Bay Expensive?

Hong Kong, China (SAR)

-2% vs Hong Kong avg

Living in Quarry Bay, Hong Kong

Quarry Bay is a relatively affordable area in Hong Kong, with a cost of living index of 72.1 — that is -2% compared to the Hong Kong average. At #12 of 22, it is below the city average in cost. Estimated rent for a one-bedroom apartment here is around HK$19,187/month, compared to a range of HK$12,726 in Yuen Long to HK$29,367 in The Peak.

Monthly Budget Breakdown

For a typical resident of Quarry Bay, housing takes up roughly 44% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately HK$767,470 before tax.

Typical Salaries in Quarry Bay

Salaries in Quarry Bay reflect the local cost of living. Based on the neighborhood COLI of 72.1:

After tax and deductions of 13.0% in China (SAR), take-home pay for someone earning HK$767,470 would be roughly HK$667,699/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

72.1
COLI Index
0.98x
vs City Avg
HK$19,187
Est. 1BR Rent
#12
of 22 Areas
13.0%
Total Deductions

Tax & Deductions in Quarry Bay

Estimated annual deductions on a HK$423,479 salary in Quarry Bay, Hong Kong (local employee).

Income Tax
13%
MPF
0.2%
Total Deductions: 13.0%
Est. Take-Home: HK$368,588/yr

Rates shown are for a local employee. Use the salary converter for expat calculations.

Salary Equivalents

What a $75,000 USD salary in Quarry Bay would need to be elsewhere:

City Currency Equivalent
New York USD $54,075
London GBP £46,536
Dubai AED AED 270,580

Other Neighborhoods in Hong Kong

Neighborhood COLI Multiplier vs Avg
The Peak 110.4 1.50x +50%
Central 103.0 1.40x +40%
Mid-Levels 95.7 1.30x +30%
Repulse Bay 95.7 1.30x +30%
Causeway Bay 92.0 1.25x +25%

View all 22 neighborhoods in Hong Kong →

Convert Your Salary

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Compare Quarry Bay

Quarry Bay vs Yuen Long Quarry Bay vs The Peak

Hong Kong City Comparisons

Singapore vs Hong Kong

Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Quarry Bay:

Vasastan, Stockholm Nordstrand, Oslo Graduate Hospital, Philadelphia East Passyunk, Philadelphia West End, Vancouver Capitol Hill, Denver

Frequently Asked Questions

Is Quarry Bay expensive in Hong Kong?

Quarry Bay is near the city average for Hong Kong. Costs are about -2% vs the average, making it a mid-range neighborhood.

How does Quarry Bay compare to the Hong Kong average?

The cost of living in Quarry Bay is near the Hong Kong average. With a multiplier of 0.98x, everyday expenses including rent, food, and transportation are -2% compared to the city baseline.

Data Sources: Cost of living indices based on crowd-sourced price data and official statistics. Tax calculations follow 2026 rates. Sources include OECD Better Life Index. Figures are estimates and may vary based on individual circumstances.