Is Hongkou Expensive?

Shanghai, China

-8% vs Shanghai avg

Living in Hongkou, Shanghai

Hongkou is a relatively affordable area in Shanghai, with a cost of living index of 42.5 — that is -8% compared to the Shanghai average. At #12 of 22, it is below the city average in cost. Estimated rent for a one-bedroom apartment here is around ¥6,813/month, compared to a range of ¥4,813 in Fengxian to ¥9,627 in Jing'an.

Monthly Budget Breakdown

For a typical resident of Hongkou, housing takes up roughly 40% of monthly expenses. Food and groceries account for about 16%, 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 ¥272,508 before tax.

Typical Salaries in Hongkou

Salaries in Hongkou reflect the local cost of living. Based on the neighborhood COLI of 42.5:

After tax and deductions of 34.6% in China, take-home pay for someone earning ¥272,508 would be roughly ¥178,221/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

42.5
COLI Index
0.92x
vs City Avg
¥6,813
Est. 1BR Rent
#12
of 22 Areas
34.6%
Total Deductions

Tax & Deductions in Hongkou

Estimated annual deductions on a ¥214,580 salary in Hongkou, Shanghai (local employee).

Income Tax
12%
Five Insurances + Housing Fund
22.5%
Total Deductions: 34.6%
Est. Take-Home: ¥140,304/yr

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

Salary Equivalents

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

City Currency Equivalent
New York USD $31,875
London GBP £27,431
Dubai AED AED 159,496

Other Neighborhoods in Shanghai

Neighborhood COLI Multiplier vs Avg
Jing'an 60.1 1.30x +30%
Xuhui (French Concession) 59.1 1.28x +28%
Lujiazui (Pudong) 57.8 1.25x +25%
Xintiandi 57.8 1.25x +25%
Huangpu (The Bund) 56.4 1.22x +22%

View all 22 neighborhoods in Shanghai →

Convert Your Salary

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Compare Hongkou

Hongkou vs Jing'an Hongkou vs Fengxian

Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Hongkou:

Donghu, Taipei Penzing (14th), Vienna Al Aqiq, Riyadh Consolação, São Paulo Vila Mariana, São Paulo Côte-des-Neiges, Montreal

Frequently Asked Questions

Is Hongkou expensive in Shanghai?

Hongkou is one of the more affordable neighborhoods in Shanghai. It costs about -8% less than the city average, ranking #12 out of 22 neighborhoods.

How does Hongkou compare to the Shanghai average?

The cost of living in Hongkou is below the Shanghai average. With a multiplier of 0.92x, everyday expenses including rent, food, and transportation are -8% 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.