Hong Kong, China (SAR)
+50% vs Hong Kong avgThe Peak is the most expensive area in Hong Kong, with a cost of living index of 110.4 — that is +50% compared to the Hong Kong average. Only the top 1 of 22 neighborhoods cost more. Estimated rent for a one-bedroom apartment here is around HK$29,367/month, compared to a range of HK$12,726 in Yuen Long to HK$29,367 in The Peak.
For a typical resident of The Peak, housing takes up roughly 55% 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$1,174,699 before tax.
Salaries in The Peak reflect the local cost of living. Based on the neighborhood COLI of 110.4:
After tax and deductions of 14.4% in China (SAR), take-home pay for someone earning HK$1,174,699 would be roughly HK$1,005,542/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.
Estimated annual deductions on a HK$648,434 salary in The Peak, Hong Kong (local employee).
Rates shown are for a local employee. Use the salary converter for expat calculations.
What a $75,000 USD salary in The Peak would need to be elsewhere:
| City | Currency | Equivalent |
|---|---|---|
| New York | USD | $82,800 |
| London | GBP | £71,256 |
| Dubai | AED | AED 414,313 |
| Neighborhood | COLI | Multiplier | vs Avg |
|---|---|---|---|
| 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% |
| Happy Valley | 89.8 | 1.22x | +22% |
See exactly what you need to earn in The Peak, Hong Kong to maintain your lifestyle.
Open Salary ConverterNeighborhoods with a similar cost of living to The Peak:
Yes, The Peak is one of the more expensive neighborhoods in Hong Kong. It costs about +50% more than the city average, ranking #1 out of 22 neighborhoods.
The cost of living in The Peak is significantly above the Hong Kong average. With a multiplier of 1.50x, everyday expenses including rent, food, and transportation are +50% compared to the city baseline.