Average Salary in Hong Kong 2024

Explore the salary landscape in Hong Kong with insightful details on various facets including pay scale, wage gap, yearly increments, and breakdowns based on education level or years of experience. Discover the diverse range of earning potentials and factors that contribute to disparities in wages, paving the way for a comprehensive understanding of Hong Kong's salary dynamics. Stay informed and equipped with valuable knowledge in navigating the complex world of salaries amidst this thriving Asian metropolis.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Hong Kong in 2024?

What is the average salary in Hong Kong in 2024?
38,000USD
(USD 3,200 monthly)
Low 17,100 USD
Average 38,000 USD
High 167,600 USD
The typical earnings in Hong Kong amount to around USD 38,000 per year. However, the salary spectrum extends from as low as USD 17,100 (lowest average) to as high as USD 167,600 (highest average, actual maximum salary is higher). Please note that this includes housing, transport, and other benefits. Salaries can vary greatly among different careers. If you are curious about the salary of a particular job, please see the information on specific job titles below.
In comparison with average salary in Hong Kong in 2023, salaries changed by +0.9% so far. Looking ahead, economists project a gradual recovery in the job market. We will be able to fully compare 2023 and 2024 at the year's end.

Pay Scale and Salaries in Hong Kong

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 167,600, 75% of the people earn USD 52,500 or less. 50% employees earn less USD 36,800 or less, 25% of the employees earn less than USD 27,600.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 167,600, 75% of the people earn USD 52,500 or less. 50% employees earn less USD 36,800 or less, 25% of the employees earn less than USD 27,600.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Hong Kong the minimum salary is USD 17,100.

Median Salary

The median salary in Hong Kong is USD 30,100, indicating the middle point of all salaries in a dataset, with half of the values above and half below it. This statistic offers a more balanced perspective on income distribution and is widely used to assess average earnings across different professions and industries.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Hong Kong the salary ranges from USD 17,100 to USD 167,600.

Annual Salary Increments in Hong Kong

What is the average annual salary increment in the Hong Kong? How frequently do employees receive salary raises?

Employees in Hong Kong experienced an average salary increase of 0.9% during 2024. This average is calculated across different job sectors. Globally, the average salary increase for 2024 is 0.9%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024 employees in Hong Kong received around 0.9% salary increase. Please note that this is average across all job sectors. In comparison worldwide average for 2024 is 0.9%.

Historical Graph of Annual Salary Increments in Hong Kong

In recent years, the salary of employees in Hong Kong has witnessed an average yearly increase of 4.5%. This corresponds to a range of 0.9% to 9.4% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
The salary of employees in Hong Kong has been increasing in recent years, with an average yearly increment of 4.5%. The increment ranges from 0.9% to 9.4% per year.

Salary Forecast and Trends for the Future in Hong Kong

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 3.8%. Estimated range is between 2.1% and 5.9%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 3.8%. Estimated range is between 2.1% and 5.9%.

Gender Wage Gap in Hong Kong

What is the difference in pay between mens and womens? Men vs. women salary comparison.

The gender pay disparity in Hong Kong is 9.0%.Download chartGet chart linkShare on FacebookShare on Twitter
9.0% is the current wage gap in Hong Kong.
It's due to many factors, such as:
  • Gender discrimination.
  • On average, women take 10% extra days of paid vacation per year compared to men.
  • When it comes to college degrees, women are less represented than men.
  • Women are more likely than men to take on caregiving responsibilities for children and elderly relatives.
  • Part-time employment is disproportionately dominated by women, who usually earn less than their full-time counterparts.
  • Women tend to gravitate towards lower-paying occupations more than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

The completion of high school and the acquisition of a bachelor's degree bring about a wealth of benefits. Most importantly, they greatly improve career prospects, leading to higher earning potential and a wider range of job opportunities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

High school completion and achieving a bachelor's degree offer numerous advantages. Primarily, they substantially improve career prospects, resulting in increased earning potential and wider job options. Besides financial benefits, pursuing a bachelor's degree fosters personal growth, sharpens critical thinking abilities, and enables specialization in a chosen field. It also provides valuable networking prospects and facilitates the development of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a life-altering path that opens doors to a more satisfying and successful future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. underscores an unwavering commitment to intellectual exploration and a promising and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 18%-22% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of roughly 13%-17%. Expertise and leadership gain higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 17%-21% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 18%-22% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of roughly 13%-17%. Expertise and leadership gain higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 17%-21% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Hong Kong

What is the average hourly wage in the Hong Kong?

Average Hourly Wage
19USD
Low 8 USD
Average 19 USD
High 82 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Budgeting and planning for expenses may be challenging due to the irregular or fluctuating income that hourly wages can bring.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks ordinarily related to full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can interrupt work-life balance and make it hard to maintain consistent routines.
  • Uncertain job security: Job insecurity can be higher in hourly positions compared to salaried positions due to susceptibility to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Some hourly positions within the organization may offer limited opportunities for career growth, professional development, or upward mobility.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Hong Kong

What are the best paying jobs in Hong Kong?

List with best paid jobs in Hong KongDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Hong Kong?

  1. Surgeon (USD 165,700)
  2. Doctor (USD 149,600)
  3. Chief Executive Officer (CEO) (USD 142,500)
  4. Registered Nurse Anesthetist (USD 139,100)
  5. Dentist (USD 133,100)
  6. Airline Pilot (USD 128,600)
  7. Intellectual Property Lawyer (USD 124,100)
  8. Marketing Manager (USD 109,700)
  9. Marketing Director (USD 109,700)
  10. Sales Director (USD 103,200)
  11. Sales Manager (USD 103,200)
  12. Petroleum Engineer (USD 102,200)
  13. Brand Manager (USD 99,900)
  14. Marketer (USD 99,900)
  15. Judge (USD 98,500)
  16. Treasurer (USD 97,000)
  17. Controller (USD 97,000)
  18. Pharmacist (USD 94,600)
  19. Tax Lawyer (USD 93,300)
  20. Lawyer (USD 93,300)
List with worst paid jobs in Hong KongDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Hong Kong?

  1. Cashier (USD 17,900)
  2. Childcare Worker (USD 18,800)
  3. Stock clerk (USD 19,100)
  4. Elder Care Worker (USD 19,200)
  5. Receptionist (USD 19,900)
  6. Bartender (USD 21,600)
  7. Food and beverage server (USD 21,800)
  8. Janitor (USD 21,900)
  9. Waiter (USD 22,300)
  10. Tour Guide (USD 22,400)
  11. Customer Service Representative (USD 26,900)
  12. Hotel Concierge (USD 27,300)
  13. Rehabilitation Counselor (USD 27,600)
  14. Travel Agent (USD 29,900)
  15. Secretary (USD 30,900)
  16. Painter (USD 31,900)
  17. Carpenter (USD 33,000)
  18. Bus Driver (USD 33,800)
  19. Artist (USD 34,000)
  20. Truck Driver (USD 34,700)
List with best paid industries in Hong KongDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 105,800)
  2. Business and Management (USD 90,000)
  3. Marketing and Sales (USD 82,800)
  4. Engineering (USD 76,300)
  5. Law (USD 72,500)
  6. Accounting and Finance (USD 71,700)
  7. Computer and Information Technology (USD 70,400)
  8. Transportation and Logistics (USD 68,500)
  9. Science (USD 68,100)
  10. Education and Training (USD 56,400)
  11. Other (USD 41,800)
  12. Hospitality and Tourism (USD 35,000)
  13. Social Services (USD 28,700)
  14. Services (USD 26,200)