HOME COMPARE YOUR SALARY COST OF LIVING CALCULATOR
Home
Compare Your Salary
Average Salaries
Best Paying Jobs
Salary Increase Letter
Career Articles
Cost of Living Calculator

Average Salary in Hong Kong 2020

How much money does a person working in Hong Kong make?


Average Monthly Salary
46,100 HKD
( 553,000 HKD yearly)

LOW
6,240
HKD
AVERAGE
46,100
HKD
HIGH
204,000
HKD

A person working in Hong Kong typically earns around 46,100 HKD per month. Salaries range from 6,240 HKD (lowest average) to 204,000 HKD (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Distribution of Salaries in Hong Kong

Median and salary distribution monthly Hong Kong
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/hong-kong/median-and-salary-distribution-monthly-hong-kong.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Salaries in Hong Kong range from 6,240 HKD per month (minimum salary) to 204,000 HKD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 47,900 HKD per month, which means that half (50%) of the population are earning less than 47,900 HKD while the other half are earning more than 47,900 HKD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population are earning less than 24,400 HKD while 75% of them are earning more than 24,400 HKD. Also from the diagram, 75% of the population are earning less than 131,000 HKD while 25% are earning more than 131,000 HKD.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg

It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Hong Kong costs anywhere from 230,000 Hong Kong Dollar(s) to 691,000 Hong Kong Dollar(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.



Salary Comparison By Gender

Salary comparison by gender monthly Hong Kong
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/hong-kong/salary-comparison-by-gender-monthly-hong-kong.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Hong Kong earn 8% more than their female counterparts.

Female
44,800 HKD
Male+8%
48,600 HKD
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Hong Kong

How much are annual salary increments in Hong Kong? How often do employees get salary raises?

Hong Kong

Employees in Hong Kong are likely to observe a salary increase of approximately 4% every 29 months.

Annual Salary Increment Rate Hong Kong
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/hong-kong/annual-salary-increment-rate-hong-kong.jpg


The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Hong Kong is 2%.

Annual Increment Rate By Industry 2019

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Listed above are the average annual increase rates for each industry in Hong Kong for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Average Salary Increase Rate by Experience Level

Junoir Level
3% - 5%
Mid-Career
6% - 9%
Senior Level
10% - 15%
Top Management
15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Bonus and Incentive Rates in Hong Kong

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Hong Kong
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/hong-kong/annual-salary-bonus-rate-hong-kong.jpg

63% of surveyed staff in Hong Kong reported that they haven't received any bonuses or incentives in the previous year while 37% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
37%
No Bonus
63%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


Bonus Rates Comparison by Career Field

Finance
High
Architecture
High
Sales
High
Business Development
High
Marketing / Advertising
High
Information Technology
Moderate
Healthcare
Moderate
Insurance
Moderate
Customer Service
Moderate
Human Resources
Moderate
Construction
Low
Transport
Low
Hospitality
Low

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Hong Kong
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/hong-kong/public-vs-private-sector-salaries-monthly-hong-kong.jpg

Where can you get paid more, working for a private company or for the government? Public sector employees in Hong Kong earn 10% more than their private sector counterparts.

Private Sector
44,700 HKD
Public Sector+10%
49,300 HKD
Percentage increase and decrease are relative to the previous value

Salary Trend and Forecast in Hong Kong

How are Hong Kong salaries changing over time? The chart below shows the average salary change in the past few years.

Salary trends and forecast monthly Hong Kong
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/hong-kong/salary-trends-and-forecast-monthly-hong-kong.jpg
Average Salary 2016
41,300 HKD
Average Salary 2017+4%
42,800 HKD
Average Salary 2018+3%
44,100 HKD
Average Salary 2019+3%
45,200 HKD
Percentage increase and decrease are relative to the previous value

Salaries in Hong Kong are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant27,900 HKD
Accounting Assistant26,800 HKD
Accounting Manager59,500 HKD
Bookkeeper22,600 HKD
Chartered Accountant36,500 HKD
Corporate Treasurer73,000 HKD
Financial Analyst45,400 HKD
Financial Manager89,100 HKD
Internal Auditor44,500 HKD

Administration / Reception / Secretarial
Administrative Assistant23,000 HKD
Office Manager28,900 HKD
Receptionist22,900 HKD
Secretary22,300 HKD

Advertising / Grapic Design / Events
Art Director43,200 HKD
Creative Director44,000 HKD
Graphic Designer29,400 HKD
Photographer28,700 HKD

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer45,400 HKD
Air Traffic Controller42,100 HKD
Flight Attendant38,300 HKD
Pilot51,900 HKD

Architecture
Architect38,700 HKD
CAD Drafter31,800 HKD

Automotive
Mechanic23,300 HKD
Service Advisor34,700 HKD

Banking
Bank Branch Manager60,200 HKD
Teller28,400 HKD

Bilingual
Teacher32,400 HKD
Translator36,500 HKD

Business Planning
Business Analyst49,200 HKD
Business Development Manager65,200 HKD
Project Manager53,000 HKD

Care Giving and Child Care
Nanny27,600 HKD
Nursery Teacher30,700 HKD

Construction / Building / Installation
Civil Engineer40,900 HKD
Construction Project Manager50,000 HKD
Health and Safety Officer28,400 HKD

Customer Service and Call Center
Call Center Representative30,200 HKD
Customer Service Manager56,100 HKD
Customer Service Representative29,800 HKD

Engineering
Civil Engineer38,300 HKD
Electrical Engineer41,100 HKD
Engineer37,700 HKD
Mechanical Engineer43,200 HKD

Executive and Management
Chief Executive Officer99,700 HKD
Chief Financial Officer87,700 HKD
General Manager74,800 HKD
Project Manager47,400 HKD

Food / Hospitality / Tourism / Catering
Chef34,500 HKD
Executive Chef36,900 HKD
Hotel Manager66,100 HKD
Receptionist32,400 HKD
Travel Agent35,300 HKD
Waiter / Waitress26,000 HKD

Health and Medical
Dentist101,000 HKD
Dietitian97,100 HKD
Laboratory Technician33,200 HKD
Nurse32,600 HKD

Human Resources
Human Resources Manager59,400 HKD
Human Resources Officer34,700 HKD

Information Technology
Computer Technician33,100 HKD
Database Administrator43,200 HKD
Developer / Programmer37,900 HKD
Information Technology Manager60,800 HKD
Network Engineer36,000 HKD

Law Enforcement / Security / Fire
Police Officer35,400 HKD

Legal
Attorney62,900 HKD
Legal Assistant31,100 HKD

Media / Broadcasting / Arts / Entertainment
Journalist40,200 HKD

Pharmaceutical and Biotechnology
Biomedical Engineer37,000 HKD
Pharmacist47,300 HKD

Sales Retail and Wholesale
Cashier25,400 HKD
Sales Manager69,600 HKD
Sales Representative28,900 HKD

Teaching / Education
Elementary School Teacher30,200 HKD
Secondary School Teacher35,900 HKD

Average Hourly Wage in Hong Kong


270 HKD per hour

The average hourly wage (pay per hour) in Hong Kong is 270 HKD. This means that the average person in Hong Kong earns approximately 270 HKD for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

46354 - 270

Cost of Living Calculator

Salary Calculator

Salary Increase Letters

Cost of Living Comparison

Career Articles

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2018