Cost of Living Comparison Between Hong Kong and Parma Cost of Living Comparison Between Hong Kong and Parma

Monthly Cost of Living

A single person spends $2,848 per month in Hong Kong vs $1,887 in Parma, rent included.

A couple spends around $4,336 per month in Hong Kong vs $2,913 in Parma, rent included.

A family of three spends $5,823 per month in Hong Kong vs $3,939 in Parma, rent included.

Hong Kong costs about 51% more than Parma, driven mainly by Eating Out.

Both Hong Kong and Parma sit above the global median – Hong Kong by 113%, Parma by 41%.

Meal at Budget Restaurant

$8.85 HK$69.4

$20.78 €18.16

-57.41%

Three-Course Dinner for Two, Mid-Range

$64.1 HK$503

$80.0 €69.9

-19.86%

Fast Food Meal (McDonalds, etc)

$6.40 HK$50.2

$10.82 €9.45

-40.85%

Cappuccino

$4.98 HK$39.08

$2.12 €1.85

134.91%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$1.35 HK$10.59

$2.88 €2.52

-53.13%

Water (0.33 liter bottle)

$1.09 HK$8.56

$1.51 €1.32

-27.81%

Local Beer (0.5 liter draught)

$6.84 HK$53.6

$5.73 €5.01

19.37%

Imported Beer (0.33 liter bottle)

$6.25 HK$48.97

$5.83 €5.09

7.20%

Milk (1 liter)

$3.02 HK$23.66

$1.57 €1.38

92.36%

White Bread (500g)

$2.30 HK$18.01

$2.56 €2.24

-10.16%

Rice (white) (1kg)

$1.98 HK$15.56

$2.81 €2.45

-29.54%

Eggs

$3.49 HK$27.35

$5.18 €4.52

-32.63%

Local Cheese (1kg)

$25.39 HK$199

$20.63 €18.02

23.07%

Chicken Fillets (1kg)

$10.33 HK$81.0

$13.14 €11.48

-21.39%

Beef Round Steak (1kg)

$21.97 HK$172

$17.90 €15.64

22.74%

Apples (1kg)

$3.44 HK$26.98

$2.35 €2.05

46.38%

Banana (1kg)

$2.22 HK$17.42

$2.24 €1.96

-0.89%

Oranges (1kg)

$3.86 HK$30.27

$2.02 €1.77

91.09%

Tomato (1kg)

$3.09 HK$24.23

$2.91 €2.54

6.19%

Potato (1kg)

$2.36 HK$18.48

$1.64 €1.43

43.90%

Onion (1kg)

$2.22 HK$17.43

$1.37 €1.20

62.04%

Lettuce (1 head)

$1.69 HK$13.25

$1.76 €1.54

-3.98%

Water (1.5 liter bottle)

$1.63 HK$12.81

$0.61 €0.53

167.21%

Cigarettes 20 Pack (Marlboro, Camel)

$13.14 HK$103

$6.74 €5.89

94.96%

Wine (Bottle)

$17.12 HK$134

$8.16 €7.13

109.80%

Local Beer (0.5 liter bottle)

$1.76 HK$13.79

$1.72 €1.50

2.33%

Imported Beer (0.33 liter bottle)

$2.74 HK$21.48

$1.89 €1.65

44.97%

One-way Ticket (Public Transport)

$1.76 HK$13.81

$2.00 €1.75

-12.00%

Public Transport Monthly Pass (Regular Price)

$63.5 HK$498

$41.44 €36.21

53.16%

Taxi Start (Normal Tariff)

$3.77 HK$29.55

$5.82 €5.08

-35.22%

Taxi (Normal Tariff) (1km)

$1.38 HK$10.84

$1.34 €1.17

2.99%

Taxi 1hour Waiting (Normal Tariff)

$15.20 HK$119

$28.60 €24.99

-46.85%

Gasoline (1 liter)

$3.09 HK$24.24

$2.10 €1.84

47.14%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$38.7K HK$303.0K

$26.3K €23.0K

46.69%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$32.1K HK$251.7K

$35.1K €30.7K

-8.52%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$229 HK$1,792

$179 €157

27.45%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$17.59 HK$138

$14.77 €12.90

19.09%

Internet (50+ Mbps, Unlimited Data)

$22.95 HK$180

$29.89 €26.11

-23.22%

Gym Membership (Monthly)

$77.6 HK$609

$61.4 €53.7

26.37%

Tennis Court (1 Hour on Weekend)

$8.52 HK$66.8

$27.67 €24.17

-69.21%

Cinema Ticket

$12.64 HK$99.1

$10.92 €9.54

15.75%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$1,001 HK$7,850

$659 €576

51.95%

International Primary School, 1 Child (Yearly)

$21.5K HK$168.7K

$4,634 €4,049

364.48%

Jeans (Levis 501 Or Similar)

$74.2 HK$582

$93.3 €81.5

-20.42%

Summer Dress (H&M, Zara, etc)

$38.66 HK$303

$44.94 €39.26

-13.97%

Sport Shoes (Adidas, Nike)

$91.7 HK$719

$97.0 €84.7

-5.45%

Men's Leather Business Shoes

$142 HK$1,115

$173 €152

-18.01%

1-bedroom Apartment, City Center (Monthly)

$2,160 HK$16.9K

$912 €797

136.89%

1-bedroom Apartment, Outside City Center (Monthly)

$1,559 HK$12.2K

$674 €589

131.23%

3-bedroom Apartment, City Center (Monthly)

$4,788 HK$37.5K

$1,561 €1,364

206.61%

3-bedroom Apartment, Outside City Center (Monthly)

$3,086 HK$24.2K

$1,174 €1,026

162.88%

Buy Apartment in City Center (m2)

$27.6K HK$216.7K

$3,450 €3,014

701.15%

Buy Apartment Outside City Center (m2)

$16.9K HK$132.8K

$2,343 €2,047

623.02%

Average Monthly Net Salary (After Tax)

$3,230 HK$25.3K

$2,029 €1,773

59.20%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.97

4.83

-17.81%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Hong Kong: July 14, 2026

Last update for Parma: July 11, 2026

Cost Breakdown

A central one-bedroom costs $2,160 in Hong Kong versus $912 in Parma. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 59% higher in Hong Kong, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $64.0 in Hong Kong versus $80.0 in Parma. Groceries tell a different story – $417 in Hong Kong vs $353 in Parma – so Parma wins on supermarket bills even if dining out costs more.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Hong Kong vs Parma: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $2,848 in Hong Kong, $1,887 in Parma – roughly 51% apart. Hong Kong costs more across the board, with Eating Out showing the biggest gap.

For a comfortable life, plan on about $4,272 per month in Hong Kong and $2,830 in Parma. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Parma, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $64.0 in Hong Kong and $80.0 in Parma. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $2,848 in Hong Kong and $1,887 in Parma. The difference isn't just one category – it shows up across housing, food, transport, and services.

A $2,500 monthly budget goes further in Parma, where all-in costs run around $1,887, than in Hong Kong at $2,848. In Parma it covers expenses comfortably, while in Hong Kong it requires careful planning or may not stretch far enough.

It depends on your priorities. Hong Kong has an edge in some lifestyle areas, with costs from $1,887 in Parma to $2,848 in Hong Kong. Climate, culture, job market, and personal taste all factor in.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Parma. If higher salaries, better infrastructure, or specific career opportunities are the priority, Hong Kong makes more sense. Both are solid long-term options with distinct trade-offs.