According to Numbeo, monthly rent in downtown Shanghai is about $2,700.
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Living in a big city can come with a hefty price tag, so it’s best to get your knowledge before making the big move.
In Asia, Hong Kong and Singapore rank among the highest in terms of cost of living. It is estimated that a family of four can expect to spend $9,000 per month to live in these cities. Nubeoan online database of user-contributed information.
As global financial centers, Singapore and Hong Kong attract expats from around the world, which can push up pricesThat’s according to a June report from human resources consulting firm Mercer.
“Singapore is one of the most attractive locations for those looking to advance their careers,” said Tracey Ma, regional mobility director for Mercer Asia Pacific. CNBC Success. She said factors such as the country’s “strong” economic situation and numerous opportunities could attract foreigners to the country.
Additionally, the real estate markets in these two cities are also hot.
“Hong Kong has always been one of the most expensive rental markets in the world due to limited housing supply and the number of people moving in,” Ma said.
Singapore’s economy also experienced a “surge” House rental fee However, Jack Ma said prices have begun to stabilize in recent months starting in 2022.
For the second consecutive quarter, private companies House rents fall in the island nationAccording to data from the Urban Redevelopment Authority of Singapore, the decline was 1.9% in the first quarter of 2024, following a 2.1% decline in the fourth quarter of 2023.
Here’s a broader look at the cost of living for a family of four in 10 major Asian cities, according to Numbeo:
Singapore
population: 6.1 million
Estimated monthly living expenses (excluding rent): $4,025
Rent for three bedrooms in downtown: $5,308
Total living expenses: $9,333/month
Hongkong
Population: 7.7 million
Estimated monthly living expenses (excluding rent): $4,137
Rent for three bedrooms in downtown: $4,997
Total living expenses: $9,134/month
Seoul, Korea
Population: 10 million
Estimated monthly living expenses (not including rent): $4,123
Rent for three bedrooms in downtown: $2,528
Total living expenses: $6,651/month
Tokyo, Japan
Population: 37 million
Estimated monthly living expenses (excluding rent): $3,431
Rent for three bedrooms in downtown: $2,634
Total living expenses: $6,065/month
China Shanghai
Population: 29.9 million
Estimated monthly living expenses (excluding rent): $2,311
Rent for three bedrooms in downtown: $2,716
Total living expenses: $5,027/month
Bangkok, Thailand
Population: 11.2 million
Estimated monthly living expenses (excluding rent): $2,304
Three-bedroom rent downtown: $1,664
Total living expenses: $3,968/month
Manila, Philippines
Population: 14.9 million
Estimated monthly living expenses (excluding rent): $2,209
Three-bedroom rent downtown: $1,619
Total living expenses: $3,828/month
Jakarta, Indonesia
Population: 11.4 million
Estimated monthly living expenses (excluding rent): $1,732
Rent for three bedrooms downtown: $1,260
Total living expenses: $2,992/month
Ho Chi Minh City of Vietnam
Population: 9.6 million
Estimated monthly living expenses (not including rent): $1,746
Three-bedroom rent downtown: $1,157
Total living expenses: $2,903/month
Delhi, India
Population: 33.8 million
Estimated monthly living expenses (excluding rent): $1,383
Rent for three bedrooms in downtown: $727
Total living expenses: $2,110/month
Globally, Geneva, Switzerland tops the list with a monthly cost of living of $6,201 for a family of four, and Zurich ranks second in Numbeo’s 2024 cost of living indexfollowed by New York City, San Francisco and Boston.
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