Last update: Oct 2026

Cost of Living Comparison Between Hong Kong and Parma

For one person, living is cheaper in Parma: $1,858 a month against $2,984 in Hong Kong, rent and utilities included – about $13,500 less a year. Rent and utilities account for most of the difference.

144

Cost of Living Index in Hong Kong
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Hong Kong Living Index
91

Cost of Living Index in Parma
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Parma Living Index

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Hong Kong

🇭🇰 Hong Kong (China)

$2,984

/mo nomad

Parma

🇮🇹 Italy

$1,858

/mo nomad

Monthly Cost of Living

How much you'll spend in Hong Kong and in Parma

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Hong Kong and in Parma actually costs, broken down by who's living it.

A single person spends $2,984 per month in Hong Kong vs $1,858 in Parma, rent included.

Hong Kong $2,984
Parma $1,858

A couple spends around $4,584 per month in Hong Kong vs $2,922 in Parma, rent included.

Hong Kong $4,584
Parma $2,922

A family of three spends $6,183 per month in Hong Kong vs $3,986 in Parma, rent included.

Hong Kong $6,183
Parma $3,986

Hong Kong costs about 61% more than Parma, and outside of rent the biggest gap is in eating out.

Both Hong Kong and Parma sit above the global median – Hong Kong by 121%, Parma by 38%.

Meal at Budget Restaurant

$7.75 HK$60.8

$19.92 €17.72

-61.09%

Three-Course Dinner for Two, Mid-Range

$64.7 HK$508

$72.5 €64.5

-10.79%

Fast Food Meal (McDonalds, etc)

$6.18 HK$48.51

$13.65 €12.14

-54.73%

Cappuccino

$5.08 HK$39.85

$2.24 €1.99

126.79%

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

$1.31 HK$10.31

$3.40 €3.02

-61.47%

Water (0.33 liter bottle)

$1.09 HK$8.56

$1.62 €1.44

-32.72%

Local Beer (0.5 liter draught)

$7.47 HK$58.6

$6.19 €5.50

20.68%

Imported Beer (0.33 liter bottle)

$6.50 HK$51.0

$6.00 €5.34

8.33%

Milk (1 liter)

$2.89 HK$22.71

$1.38 €1.23

109.42%

White Bread (500g)

$2.31 HK$18.14

$2.71 €2.41

-14.76%

Rice (white) (1kg)

$2.13 HK$16.71

$2.65 €2.36

-19.62%

Eggs

$3.52 HK$27.65

$4.28 €3.81

-17.76%

Local Cheese (1kg)

$24.72 HK$194

$18.34 €16.32

34.79%

Chicken Fillets (1kg)

$8.52 HK$66.9

$12.85 €11.43

-33.70%

Beef Round Steak (1kg)

$18.00 HK$141

$17.07 €15.19

5.45%

Apples (1kg)

$4.18 HK$32.79

$2.26 €2.01

84.96%

Banana (1kg)

$2.68 HK$21.07

$1.66 €1.48

61.45%

Oranges (1kg)

$4.49 HK$35.22

$1.86 €1.65

141.40%

Tomato (1kg)

$4.03 HK$31.66

$2.47 €2.20

63.16%

Potato (1kg)

$3.12 HK$24.51

$1.33 €1.19

134.59%

Onion (1kg)

$3.15 HK$24.72

$1.38 €1.23

128.26%

Lettuce (1 head)

$1.62 HK$12.75

$1.64 €1.45

-1.22%

Water (1.5 liter bottle)

$1.74 HK$13.66

$0.54 €0.48

222.22%

Cigarettes 20 Pack (Marlboro, Camel)

$13.50 HK$106

$6.78 €6.03

99.12%

Wine (Bottle)

$16.54 HK$130

$7.71 €6.86

114.53%

Local Beer (0.5 liter bottle)

$1.94 HK$15.19

$1.56 €1.39

24.36%

Imported Beer (0.33 liter bottle)

$2.18 HK$17.11

$1.92 €1.70

13.54%

One-way Ticket (Public Transport)

$1.41 HK$11.04

$1.85 €1.64

-23.78%

Public Transport Monthly Pass (Regular Price)

$88.6 HK$696

$41.06 €36.52

115.85%

Taxi Start (Normal Tariff)

$3.69 HK$28.94

$5.68 €5.05

-35.04%

Taxi (Normal Tariff) (1km)

$1.32 HK$10.36

$1.48 €1.31

-10.81%

Taxi 1hour Waiting (Normal Tariff)

$15.77 HK$124

$28.28 €25.15

-44.24%

Gasoline (1 liter)

$4.03 HK$31.65

$1.95 €1.74

106.67%

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

$44.7K HK$350.5K

$36.1K €32.1K

23.68%

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

$37.8K HK$296.6K

$35.3K €31.4K

6.90%

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

$250 HK$1,959

$236 €210

5.84%

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

$15.60 HK$122

$11.61 €10.33

34.37%

Internet (50+ Mbps, Unlimited Data)

$21.77 HK$171

$27.54 €24.50

-20.95%

Gym Membership (Monthly)

$94.2 HK$739

$62.0 €55.2

51.81%

Tennis Court (1 Hour on Weekend)

$9.29 HK$72.9

$26.85 €23.88

-65.40%

Cinema Ticket

$13.91 HK$109

$12.30 €10.94

13.09%

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

$1,162 HK$9,122

$560 €498

107.47%

International Primary School, 1 Child (Yearly)

$21.9K HK$171.6K

$4,443 €3,952

392.28%

Jeans (Levis 501 Or Similar)

$68.0 HK$534

$90.9 €80.8

-25.18%

Summer Dress (H&M, Zara, etc)

$41.91 HK$329

$43.60 €38.78

-3.88%

Sport Shoes (Adidas, Nike)

$79.7 HK$626

$95.6 €85.1

-16.62%

Men's Leather Business Shoes

$122 HK$956

$166 €148

-26.64%

1-bedroom Apartment, City Center (Monthly)

$2,241 HK$17.6K

$843 €750

165.78%

1-bedroom Apartment, Outside City Center (Monthly)

$1,718 HK$13.5K

$639 €569

168.80%

3-bedroom Apartment, City Center (Monthly)

$5,041 HK$39.6K

$1,517 €1,349

232.28%

3-bedroom Apartment, Outside City Center (Monthly)

$3,435 HK$27.0K

$1,260 €1,121

172.54%

Buy Apartment in City Center (m2)

$29.2K HK$229.0K

$3,439 €3,059

748.51%

Buy Apartment Outside City Center (m2)

$17.6K HK$137.9K

$2,380 €2,117

638.22%

Average Monthly Net Salary (After Tax)

$3,271 HK$25.7K

$2,034 €1,809

60.82%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.91

3.46

13.01%

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

Last update for Hong Kong: October 10, 2026

Last update for Parma: October 13, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Hong Kong

$1.7K 57.6%

Parma

$639 34.4% 62.8% $1.1K

Groceries & Markets

Hong Kong

$411 13.8%

Parma

$327 17.6% 20.4% $84

Monthly Utilities & Internet

Hong Kong

$287 9.6%

Parma

$275 14.8% 4.2% $12

Eating Out

Hong Kong

$201 6.8%

Parma

$290 15.6% 44% $89

Clothing & Footwear

Hong Kong

$140 4.7%

Parma

$178 9.6% 27.2% $38

Sport & Entertainment

Hong Kong

$122 4.1%

Parma

$87 4.7% 29% $35

Getting Around

Hong Kong

$105 3.5%

Parma

$62 3.3% 41.2% $43

Cost Breakdown

A central one-bedroom costs $2,241 in Hong Kong versus $843 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 61% 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 $65.0 in Hong Kong versus $72.0 in Parma. Groceries tell a different story – $411 in Hong Kong vs $327 in Parma – so Parma wins on supermarket bills even if dining out costs more.

Good to know

🇭🇰 Hong Kong

🇮🇹 Parma

🕒 Local time

13:31 1:31 PM

07:31 7:31 AM

6 h behind Hong Kong

🌤 Weather

👥 Population

1,367,900 Capital

193,315

💱 Currency

Hong Kong Dollar HKD $

Euro EUR €

📈 Exchange rate

1 HKD = 0.127 USD

1 HKD = 0.113 EUR

1 EUR = 1.12 USD

Exchange rates and currency converter

EUR, USD to HKD – Hong Kong Dollar Converter

🇺🇸 United States Dollar ($)

🇭🇰 Hong Kong Dollar ($)

Hong Kong Dollar exchange rates as of October 18, 2026: 1 USD = 7.85 HKD (1 HKD = 0.127 USD). 1 EUR = 8.82 HKD (1 HKD = 0.113 EUR).

Euro exchange rates as of October 18, 2026: 1 USD = 0.889 EUR (1 EUR = 1.12 USD).

USD to HKD in detail →

On the map

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Between locations

Hong Kong Parma 9,300 km ≈ 12 h nonstop flight

From you

Hong Kong
Parma

Distances are measured in a straight line. Your location is detected approximately.

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: $2,984 in Hong Kong, $1,858 in Parma – roughly 61% apart. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $4,476 per month in Hong Kong and $2,787 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 $65.0 in Hong Kong and $72.0 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 $2,984 in Hong Kong and $1,858 in Parma. That's a gap of about 61%.

A $2,500 monthly budget goes further in Parma, where all-in costs run around $1,858, than in Hong Kong at $2,984. 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 $1,858 in Parma to $2,984 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.