Income Levels

If you’re looking for a place where you and your family can experience a good lifestyle and enjoy a high disposable income under low tax rates, Hong Kong certainly delivers. The city has some of the highest-paid executives in Asia. According to US data company PayScale, finance managers can expect an annual salary of HK$552,945 (US$71,132), project managers are paid around HK$534,444 (US$68,752), and software engineers receive approximately HK$322,486 (US$41,485).

Many expatriates working at multinational companies have access to a raft of benefits, including private healthcare and pensions. Additionally, the Government provides retirement protection through its Mandatory Provident Fund (MPF) scheme. Employees are required to contribute 5% of their monthly income, and the employer has to match this amount.

Staff who stay with their company are well rewarded for their loyalty: According to Salary Explorer, those in top management positions can expect an annual average salary increase of around 15-20%, while junior and senior staff usually receive around 3-5% and 10-15%, respectively.

According to Salary Trends Report Survey 2022/2023 by the market research firm ECA International, workers in Hong Kong are expected to receive a salary increase of 4% in 2023. The same survey also found that they have also benefited from low inflation compared to their Asia-Pacific and global counterparts. Despite expected inflation increases next year, the report suggests that buying power in Hong Kong will grow faster than in many other global locations.