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

Monthly Cost of Living

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

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

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

Parma is about 34% cheaper than Hong Kong, driven mainly by Eating Out.

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

Meal at Budget Restaurant

$20.78 €18.16

$8.85 HK$69.4

134.80%

Three-Course Dinner for Two, Mid-Range

$80.0 €69.9

$64.1 HK$503

24.79%

Fast Food Meal (McDonalds, etc)

$10.82 €9.45

$6.40 HK$50.2

69.06%

Cappuccino

$2.12 €1.85

$4.98 HK$39.08

-57.43%

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

$2.88 €2.52

$1.35 HK$10.59

113.33%

Water (0.33 liter bottle)

$1.51 €1.32

$1.09 HK$8.56

38.53%

Local Beer (0.5 liter draught)

$5.73 €5.01

$6.84 HK$53.6

-16.23%

Imported Beer (0.33 liter bottle)

$5.83 €5.09

$6.25 HK$48.97

-6.72%

Milk (1 liter)

$1.57 €1.38

$3.02 HK$23.66

-48.01%

White Bread (500g)

$2.56 €2.24

$2.30 HK$18.01

11.30%

Rice (white) (1kg)

$2.81 €2.45

$1.98 HK$15.56

41.92%

Eggs

$5.18 €4.52

$3.49 HK$27.35

48.42%

Local Cheese (1kg)

$20.63 €18.02

$25.39 HK$199

-18.75%

Chicken Fillets (1kg)

$13.14 €11.48

$10.33 HK$81.0

27.20%

Beef Round Steak (1kg)

$17.90 €15.64

$21.97 HK$172

-18.53%

Apples (1kg)

$2.35 €2.05

$3.44 HK$26.98

-31.69%

Banana (1kg)

$2.24 €1.96

$2.22 HK$17.42

0.90%

Oranges (1kg)

$2.02 €1.77

$3.86 HK$30.27

-47.67%

Tomato (1kg)

$2.91 €2.54

$3.09 HK$24.23

-5.83%

Potato (1kg)

$1.64 €1.43

$2.36 HK$18.48

-30.51%

Onion (1kg)

$1.37 €1.20

$2.22 HK$17.43

-38.29%

Lettuce (1 head)

$1.76 €1.54

$1.69 HK$13.25

4.14%

Water (1.5 liter bottle)

$0.61 €0.53

$1.63 HK$12.81

-62.58%

Cigarettes 20 Pack (Marlboro, Camel)

$6.74 €5.89

$13.14 HK$103

-48.71%

Wine (Bottle)

$8.16 €7.13

$17.12 HK$134

-52.34%

Local Beer (0.5 liter bottle)

$1.72 €1.50

$1.76 HK$13.79

-2.27%

Imported Beer (0.33 liter bottle)

$1.89 €1.65

$2.74 HK$21.48

-31.02%

One-way Ticket (Public Transport)

$2.00 €1.75

$1.76 HK$13.81

13.64%

Public Transport Monthly Pass (Regular Price)

$41.44 €36.21

$63.5 HK$498

-34.71%

Taxi Start (Normal Tariff)

$5.82 €5.08

$3.77 HK$29.55

54.38%

Taxi (Normal Tariff) (1km)

$1.34 €1.17

$1.38 HK$10.84

-2.90%

Taxi 1hour Waiting (Normal Tariff)

$28.60 €24.99

$15.20 HK$119

88.16%

Gasoline (1 liter)

$2.10 €1.84

$3.09 HK$24.24

-32.04%

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

$26.3K €23.0K

$38.7K HK$303.0K

-31.83%

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

$35.1K €30.7K

$32.1K HK$251.7K

9.32%

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

$179 €157

$229 HK$1,792

-21.54%

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

$14.77 €12.90

$17.59 HK$138

-16.03%

Internet (50+ Mbps, Unlimited Data)

$29.89 €26.11

$22.95 HK$180

30.24%

Gym Membership (Monthly)

$61.4 €53.7

$77.6 HK$609

-20.87%

Tennis Court (1 Hour on Weekend)

$27.67 €24.17

$8.52 HK$66.8

224.77%

Cinema Ticket

$10.92 €9.54

$12.64 HK$99.1

-13.61%

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

$659 €576

$1,001 HK$7,850

-34.19%

International Primary School, 1 Child (Yearly)

$4,634 €4,049

$21.5K HK$168.7K

-78.47%

Jeans (Levis 501 Or Similar)

$93.3 €81.5

$74.2 HK$582

25.66%

Summer Dress (H&M, Zara, etc)

$44.94 €39.26

$38.66 HK$303

16.24%

Sport Shoes (Adidas, Nike)

$97.0 €84.7

$91.7 HK$719

5.77%

Men's Leather Business Shoes

$173 €152

$142 HK$1,115

21.97%

1-bedroom Apartment, City Center (Monthly)

$912 €797

$2,160 HK$16.9K

-57.79%

1-bedroom Apartment, Outside City Center (Monthly)

$674 €589

$1,559 HK$12.2K

-56.75%

3-bedroom Apartment, City Center (Monthly)

$1,561 €1,364

$4,788 HK$37.5K

-67.39%

3-bedroom Apartment, Outside City Center (Monthly)

$1,174 €1,026

$3,086 HK$24.2K

-61.96%

Buy Apartment in City Center (m2)

$3,450 €3,014

$27.6K HK$216.7K

-87.52%

Buy Apartment Outside City Center (m2)

$2,343 €2,047

$16.9K HK$132.8K

-86.17%

Average Monthly Net Salary (After Tax)

$2,029 €1,773

$3,230 HK$25.3K

-37.19%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.83

3.97

21.66%

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

Last update for Parma: July 11, 2026

Last update for Hong Kong: July 14, 2026

Cost Breakdown

A central one-bedroom costs $912 in Parma versus $2,160 in Hong Kong. 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 $80.0 in Parma versus $64.0 in Hong Kong. Groceries tell a different story – $353 in Parma vs $417 in Hong Kong – 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

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

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

For a comfortable life, plan on about $2,830 per month in Parma and $4,272 in Hong Kong. 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 $80.0 in Parma and $64.0 in Hong Kong. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $1,887 in Parma and $2,848 in Hong Kong. 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.