Cost of Living: New York vs Hong Kong
How expensive is Hong Kong compared with New York City? The national price level of everyday spending versus the New York metro area, and the salary — in US dollars and HKD — that buys the same standard of living.
Salary converter
Before taxes. Income tax, sales tax and benefits differ a lot between places and aren’t included.
The numbers
- Cities
- Hong Kong
- Price level vs US average
- 74.0 (New York metro: 112.6)
- Exchange rate (2025 avg.)
- 1 USD = 7.797 HKD
- Purchasing-power parity
- 1 USD of US-average spending ≈ 5.768 HKD
- Source
- World Bank, PPP conversion factor for private consumption ÷ exchange rate (2025); New York: BEA 2024
Frequently asked questions
Is Hong Kong cheaper than New York?
Yes. Hong Kong is 34% cheaper than the New York metro area overall (index 66, New York = 100).
What salary in Hong Kong equals $100,000 in New York?
About $65,715 a year (about HK$512,388 at purchasing-power parity) buys the same standard of living in Hong Kong as $100,000 in the New York metro area, before taxes.
Where does this data come from?
World Bank price levels of household consumption for 2025 (purchasing power parity conversion factor divided by the market exchange rate), compared with BEA’s 2024 figure for the New York metro area.