Ultimate Hong Kong Salary Guide for Jobseekers (2023)
Hong Kong has some of the highest salaries in the world. Are you, however, being underpaid?
What should your “expected salary” be for your role?
We’ve put together this ultimate Hong Kong salary guide to help you out. Use this as a salary checker, to benchmark your pay against everyone else in your industry.
This salary information can help you plan your expected salary, and negotiate a better compensation package for yourself. 🙂
Hong Kong salary: Frequently Asked Questions
- What should my expected salary be?
- What is Hong Kong’s salary tax?
- What’s the average salary in Hong Kong?
- What is the median income in Hong Kong?
- Is there a minimum wage in Hong Kong?
- What is domestic helper salary in Hong Kong?
Just want to check out salary numbers and trends for a specific occupation or industry?
Jump right ahead 🙂
What should my expected salary in Hong Kong be?
We’ve put together a list of average expected salaries in Hong Kong this year, sorted by industry:
- Financial Services
- Technology & Transformation
- Human Resources
- Accounting & Finance
- Legal & Compliance
- Sales & Marketing
- Supply Chain, Procurement & Logistics
What is Hong Kong’s salary tax?
In Hong Kong, salary tax is your personal income tax. Hong Kong’s salary tax follows a progressive tax system. The system has 5 marginal tax brackets at 2%, 6%, 10%, 14% and 17%.
There is also no capital gains tax, dividends tax and inheritance tax in Hong Kong.
For more information on specific salary tax details, check this article out.
What’s the average salary in Hong Kong?
The average annual salary in Hong Kong is HK$553,640. Actual expected salaries will differ across various industries.
What is the median income in Hong Kong?
The Hong Kong median income, by household size or monthly household income, as of Q1 is:
- Public rental housing: HK$17,700
- Subsidised home ownership housing: HK$27,000
- Private permanent housing: HK$38,500
- Overall: HK$27,300
Source: Census and Statistics Department (Hong Kong)
Is there minimum wage in Hong Kong?
Yes. As of January 2023, there is a minimum wage in Hong Kong of HK$37.50 per hour. The Legislative Council of Hong Kong introduced a minimum wage of HK$28 per hour in Hong Kong in July 2010, before raising this amount to HK$37.50 per hour in 2019.
What is domestic helper salary in Hong Kong?
The Hong Kong government has slated a minimum allowable wage of HK$4,630 per month for domestic helpers in Hong Kong. Employers of domestic helpers must also provide a food allowance of HK$1,121 per month.
Looking to switch jobs this year? We’ve got your back
Download one of our free CV samples and templates to use. We have templates for different industries and roles.
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Source: Robert Walters