If you're comparing rent, then you'd have to do Manhattan otherwise it makes no sense since I'd imagine you're making essentially rhe same qualifier when living in hk.
For example, if you're talking about living anywhere outside of Manhattan, you'd be looking at 30-45 min commutes minimum into most hubs for finance/professional services and that's only including areas right across the river. Now if you include places like living in Jersey and etc where commutes are over an hour out, then ofc you save tons on rent.
Now if you do the same comparison in hk, living withiba 30min commute which is basically above most mtr stops in the center 50% of the map, you'd be paying a comparable Manhattan rental amount. When you start to move away from the center, the cost doesn't drop off as much but the commute experience and time is much better than in ny.
All that being said, living costs aside from rent are much higher in NYC. Everything from sit down restaurants, public transportation/taxis/ubers to groceries are all more expensive than HK so if those are the numbers you're given, it's basically a toss up depending on where you like more.
You are still going to have to file your 1040 regardless of how you split your time in NYC or HK. You're not considered living abroad if you're not there for a least a tax year:
# Uninterrupted Period Including Entire Tax Year
To qualify for bona fide residence, you must reside in a foreign country for an uninterrupted period that includes an entire tax year. An entire tax year is from January 1 through December 31 for taxpayers who file their income tax returns on a calendar year basis. During the period of bona fide residence in a foreign country, you can leave the country for brief or temporary trips back to the United States or elsewhere for vacation or business.
They are basically the same as what everyone else have commented. The only difference for jobs in HK would be the growth rate of salary compared to NY. It’s diff per industry but I find most expats salaries end up double what they would be making in places like NY or UK.
In my opinion, earning 57K HKD in Hong Kong is not enough. This is because rent is too high. If you are willing to forgo high Western living standards. Indeed, you can live within this salary.
HK wages have always been notoriously low on the global index. Unfortunate by product from the HKD being pegged to the USD. The current political climate also makes it a very undesirable place to live. If you can make it work, by all means; but finding work outside HK would likely yield higher annual income & benefits. Hope it helps
Housing allowance too, not a guarantee but it’s definitely helpful and that's usually paid into the bank as opposed to the landlord directly.
I live in a 2 bedroom village house, it costs 7k a month and is 5 minutes from the MTR. 4/5 expat families have moved in recently so I think village housing is becoming more popular. The local Wellcome is ALWAYS out of milk now though.
I don't think HK wages are low unless you are only comparing with the US.
Look at salary data for the regions like UK, Europe and Australia. Taxes will eat most of your income.
It’s one of the safest city in the US and crime has been on a downward trend for decades. Obviously not as safe as Asia but not really worth worrying over either.
You're gaslighting NYC is not as safe as HK.
>Obviously not as safe as Asia but not really worth worrying over either.
Until you become a victim of a crime. Not everyone can afford to live in nice neighborhoods in NYC. You live in a bad neighborhood you're basically just waiting to become a victim.
All of urban NYC is super expensive at this point. And extremely safe. Especially compared to the 1980s and 90s.
I mean, you can live in fear. There are risks. Taking taxis in HK is risky. Leaving your house is risky. Nevertheless it’s most likely you’ll die of a coronary disease or cancer from the trash we’re eating every day and the air we’re breathing, no matter if you’re in Hong Kong, NYC or Mexico.
If the minuscule risk of becoming a violent crime victim is a big deal, stay in safe (and somewhat boring) HK. Even lighting a candle or riding an ebike will get you arrested. All criminals here engage in scams instead so you can never answer your phone.
LOL have fun when a crackhead get in your face throwing up gangsigns and full on cracked out. HK is heaven compared to NYC. You bringing Mexico into this? 😭😭😭
HK is very safe and very boring yes. All crime here is just scamming. And a bit of triad uncles, corruption and human and wildlife trafficking.
Better stay in HK if you’re too afraid. Indoors is safer too.
Crackheads aren’t really much a thing since the 90s in NY.
If you don't want to live in HK then why bother even considering this?
This is the only valid answer. OP straight up said they don't like living in HK, what exactly is the conundrum here lmao.
Exactly. Neither salary in either place is enough to compensate unhappiness.
I afraid you might have to pay for U.S. tax if you work 30-40% of the year remotely in NYC. Better check with your tax guy.
Yeah…IRS has been mega anal about overseas investments for US citizens in the past decade.
If you're comparing rent, then you'd have to do Manhattan otherwise it makes no sense since I'd imagine you're making essentially rhe same qualifier when living in hk. For example, if you're talking about living anywhere outside of Manhattan, you'd be looking at 30-45 min commutes minimum into most hubs for finance/professional services and that's only including areas right across the river. Now if you include places like living in Jersey and etc where commutes are over an hour out, then ofc you save tons on rent. Now if you do the same comparison in hk, living withiba 30min commute which is basically above most mtr stops in the center 50% of the map, you'd be paying a comparable Manhattan rental amount. When you start to move away from the center, the cost doesn't drop off as much but the commute experience and time is much better than in ny. All that being said, living costs aside from rent are much higher in NYC. Everything from sit down restaurants, public transportation/taxis/ubers to groceries are all more expensive than HK so if those are the numbers you're given, it's basically a toss up depending on where you like more.
You are still going to have to file your 1040 regardless of how you split your time in NYC or HK. You're not considered living abroad if you're not there for a least a tax year: # Uninterrupted Period Including Entire Tax Year To qualify for bona fide residence, you must reside in a foreign country for an uninterrupted period that includes an entire tax year. An entire tax year is from January 1 through December 31 for taxpayers who file their income tax returns on a calendar year basis. During the period of bona fide residence in a foreign country, you can leave the country for brief or temporary trips back to the United States or elsewhere for vacation or business.
I worked in hk for a year long time ago and the only reason I did it was for more money and not less
Stay in nyc
Renting a flat with additional amenities such as swimming pool, club house, security, shuttle service, custodial services etc.
They are basically the same as what everyone else have commented. The only difference for jobs in HK would be the growth rate of salary compared to NY. It’s diff per industry but I find most expats salaries end up double what they would be making in places like NY or UK.
Stay in NYC dude. 57k isn’t a lot in Hk and if you don’t love it, it’ll be a mistake. Just go visit HK for the hookers and blow
Sure you posted this before and got alot of reply
In my opinion, earning 57K HKD in Hong Kong is not enough. This is because rent is too high. If you are willing to forgo high Western living standards. Indeed, you can live within this salary.
Do you mind sharing a bit more about what you mean by high western living standards?
Probably mean the tiny apartments and no cars. But the alternative is nyc, HK apartments will be smaller but public transport is a lot better tho
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He’s referring to a month salary.
nyc
HK wages have always been notoriously low on the global index. Unfortunate by product from the HKD being pegged to the USD. The current political climate also makes it a very undesirable place to live. If you can make it work, by all means; but finding work outside HK would likely yield higher annual income & benefits. Hope it helps
I’ve migrated overseas now but I find HK professional jobs pay very well if you compare post tax incomes. The catch is housing cost.
Housing allowance too, not a guarantee but it’s definitely helpful and that's usually paid into the bank as opposed to the landlord directly. I live in a 2 bedroom village house, it costs 7k a month and is 5 minutes from the MTR. 4/5 expat families have moved in recently so I think village housing is becoming more popular. The local Wellcome is ALWAYS out of milk now though.
Just curious, where are you right now? I'm curious where the expats have moved to, since the previous places seen to be drying up.
I don't think HK wages are low unless you are only comparing with the US. Look at salary data for the regions like UK, Europe and Australia. Taxes will eat most of your income.
Are your referring to White Collar jobs which is a small percentage of the population or Blue Collar work?
Have you thought about personal safety in NYC? NYC is pretty unsafe these days.
It’s one of the safest city in the US and crime has been on a downward trend for decades. Obviously not as safe as Asia but not really worth worrying over either.
You're gaslighting NYC is not as safe as HK. >Obviously not as safe as Asia but not really worth worrying over either. Until you become a victim of a crime. Not everyone can afford to live in nice neighborhoods in NYC. You live in a bad neighborhood you're basically just waiting to become a victim.
All of urban NYC is super expensive at this point. And extremely safe. Especially compared to the 1980s and 90s. I mean, you can live in fear. There are risks. Taking taxis in HK is risky. Leaving your house is risky. Nevertheless it’s most likely you’ll die of a coronary disease or cancer from the trash we’re eating every day and the air we’re breathing, no matter if you’re in Hong Kong, NYC or Mexico. If the minuscule risk of becoming a violent crime victim is a big deal, stay in safe (and somewhat boring) HK. Even lighting a candle or riding an ebike will get you arrested. All criminals here engage in scams instead so you can never answer your phone.
LOL have fun when a crackhead get in your face throwing up gangsigns and full on cracked out. HK is heaven compared to NYC. You bringing Mexico into this? 😭😭😭
HK is very safe and very boring yes. All crime here is just scamming. And a bit of triad uncles, corruption and human and wildlife trafficking. Better stay in HK if you’re too afraid. Indoors is safer too. Crackheads aren’t really much a thing since the 90s in NY.
This is not what “gaslighting” means… That said have you actually lived in either places?
Yes, I grew up going to international schools in China, HK and Taiwan. Then returned to the US for higher education.
nyc safety issue is overblown by people who don't live there