The cost of living in Shanghai is considered the highest in China and, according to Mercers 2020 Cost of Living Survey, its the seventh most expensive city out of 209 cities for expats.

How much does it cost to live in Shanghai?

Summary about cost of living in Shanghai, China: Family of four estimated monthly costs are 2,660$ (17,166¥) without rent. A single person estimated monthly costs are 719$ (4,641¥) without rent. Shanghai is 47.69% less expensive than New York (without rent).

How much does an apartment in Shanghai cost?

They have been rising precipitously now for at least a decade, with an average 1,000 square foot apartment in Shanghai going for $725,000, or around five million yuan. Shanghais average salary per month is 7,108 yuan ($1,135) or 85,300 yuan a year.

Is Shanghai China expensive?

Shanghai is now the most expensive city in the world according to a new study. China is forecast to become the worlds biggest economy by 2028, but its commercial capital is already there: Shanghai is now the most expensive city in the world.

What is the average house price in Shanghai?

In 2020, the price for new residential property in Shanghais inner ring was over 118 thousand yuan per square meter. Within one year, the house price increased by 8,000 yuan per square meter. In early 2021, local authorities introduced legislation to stabilize the market.

What is a good salary in Shanghai?

Here is what they found. According to the latest statistics from the Shanghai government, the average monthly wage in 2018, after deducting tax and social welfare contributions, was 7,200 yuan ($1,047).

What is minimum wage in China?

Minimum wage in China guideMinimum Wages in China 2021Province/regionClassMonthly minimum wage (RMB)AnhuiA1,520B1,350C1,25074 more rows•Aug 11, 2021

Is Shanghai a nice place to live?

Shanghai is a very safe place to live as an expat. It was ranked one of the safest cities in China because of its low crime rates. While most crimes are limited to pick-pocketing and minor thefts on public transport, expats are advised to keep to well-lit areas of the city at night.

Is HSBC owned by China?

Among those whove shut out HSBC is Beijing-based China Energy Engineering Group Co., Ltd., a Fortune Global 500 construction conglomerate, which previously used the bank to provide guarantees for international projects, among other things.