Last update: Oct 2026

Cost of Living Comparison Between Parma and Hong Kong

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.

91

Cost of Living Index in Parma
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Parma Living Index
144

Cost of Living Index in Hong Kong
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Hong Kong Living Index

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Parma

🇮🇹 Italy

$1,858

/mo nomad

Hong Kong

🇭🇰 Hong Kong (China)

$2,984

/mo nomad

Monthly Cost of Living

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

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

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

Parma $1,858
Hong Kong $2,984

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

Parma $2,922
Hong Kong $4,584

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

Parma $3,986
Hong Kong $6,183

Parma is about 38% cheaper than Hong Kong, and outside of rent the biggest gap is in eating out.

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

Meal at Budget Restaurant

$19.92 €17.72

$7.75 HK$60.8

157.03%

Three-Course Dinner for Two, Mid-Range

$72.5 €64.5

$64.7 HK$508

12.09%

Fast Food Meal (McDonalds, etc)

$13.65 €12.14

$6.18 HK$48.51

120.87%

Cappuccino

$2.24 €1.99

$5.08 HK$39.85

-55.91%

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

$3.40 €3.02

$1.31 HK$10.31

159.54%

Water (0.33 liter bottle)

$1.62 €1.44

$1.09 HK$8.56

48.62%

Local Beer (0.5 liter draught)

$6.19 €5.50

$7.47 HK$58.6

-17.14%

Imported Beer (0.33 liter bottle)

$6.00 €5.34

$6.50 HK$51.0

-7.69%

Milk (1 liter)

$1.38 €1.23

$2.89 HK$22.71

-52.25%

White Bread (500g)

$2.71 €2.41

$2.31 HK$18.14

17.32%

Rice (white) (1kg)

$2.65 €2.36

$2.13 HK$16.71

24.41%

Eggs

$4.28 €3.81

$3.52 HK$27.65

21.59%

Local Cheese (1kg)

$18.34 €16.32

$24.72 HK$194

-25.81%

Chicken Fillets (1kg)

$12.85 €11.43

$8.52 HK$66.9

50.82%

Beef Round Steak (1kg)

$17.07 €15.19

$18.00 HK$141

-5.17%

Apples (1kg)

$2.26 €2.01

$4.18 HK$32.79

-45.93%

Banana (1kg)

$1.66 €1.48

$2.68 HK$21.07

-38.06%

Oranges (1kg)

$1.86 €1.65

$4.49 HK$35.22

-58.57%

Tomato (1kg)

$2.47 €2.20

$4.03 HK$31.66

-38.71%

Potato (1kg)

$1.33 €1.19

$3.12 HK$24.51

-57.37%

Onion (1kg)

$1.38 €1.23

$3.15 HK$24.72

-56.19%

Lettuce (1 head)

$1.64 €1.45

$1.62 HK$12.75

1.23%

Water (1.5 liter bottle)

$0.54 €0.48

$1.74 HK$13.66

-68.97%

Cigarettes 20 Pack (Marlboro, Camel)

$6.78 €6.03

$13.50 HK$106

-49.78%

Wine (Bottle)

$7.71 €6.86

$16.54 HK$130

-53.39%

Local Beer (0.5 liter bottle)

$1.56 €1.39

$1.94 HK$15.19

-19.59%

Imported Beer (0.33 liter bottle)

$1.92 €1.70

$2.18 HK$17.11

-11.93%

One-way Ticket (Public Transport)

$1.85 €1.64

$1.41 HK$11.04

31.21%

Public Transport Monthly Pass (Regular Price)

$41.06 €36.52

$88.6 HK$696

-53.67%

Taxi Start (Normal Tariff)

$5.68 €5.05

$3.69 HK$28.94

53.93%

Taxi (Normal Tariff) (1km)

$1.48 €1.31

$1.32 HK$10.36

12.12%

Taxi 1hour Waiting (Normal Tariff)

$28.28 €25.15

$15.77 HK$124

79.33%

Gasoline (1 liter)

$1.95 €1.74

$4.03 HK$31.65

-51.61%

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

$36.1K €32.1K

$44.7K HK$350.5K

-19.15%

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

$35.3K €31.4K

$37.8K HK$296.6K

-6.45%

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

$236 €210

$250 HK$1,959

-5.52%

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

$11.61 €10.33

$15.60 HK$122

-25.58%

Internet (50+ Mbps, Unlimited Data)

$27.54 €24.50

$21.77 HK$171

26.50%

Gym Membership (Monthly)

$62.0 €55.2

$94.2 HK$739

-34.13%

Tennis Court (1 Hour on Weekend)

$26.85 €23.88

$9.29 HK$72.9

189.02%

Cinema Ticket

$12.30 €10.94

$13.91 HK$109

-11.57%

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

$560 €498

$1,162 HK$9,122

-51.80%

International Primary School, 1 Child (Yearly)

$4,443 €3,952

$21.9K HK$171.6K

-79.69%

Jeans (Levis 501 Or Similar)

$90.9 €80.8

$68.0 HK$534

33.65%

Summer Dress (H&M, Zara, etc)

$43.60 €38.78

$41.91 HK$329

4.03%

Sport Shoes (Adidas, Nike)

$95.6 €85.1

$79.7 HK$626

19.94%

Men's Leather Business Shoes

$166 €148

$122 HK$956

36.31%

1-bedroom Apartment, City Center (Monthly)

$843 €750

$2,241 HK$17.6K

-62.38%

1-bedroom Apartment, Outside City Center (Monthly)

$639 €569

$1,718 HK$13.5K

-62.80%

3-bedroom Apartment, City Center (Monthly)

$1,517 €1,349

$5,041 HK$39.6K

-69.91%

3-bedroom Apartment, Outside City Center (Monthly)

$1,260 €1,121

$3,435 HK$27.0K

-63.31%

Buy Apartment in City Center (m2)

$3,439 €3,059

$29.2K HK$229.0K

-88.21%

Buy Apartment Outside City Center (m2)

$2,380 €2,117

$17.6K HK$137.9K

-86.45%

Average Monthly Net Salary (After Tax)

$2,034 €1,809

$3,271 HK$25.7K

-37.82%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.46

3.91

-11.51%

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

Last update for Parma: October 13, 2026

Last update for Hong Kong: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Parma

$639 34.4%

Hong Kong

$1.7K 57.6% 169% $1.1K

Groceries & Markets

Parma

$327 17.6%

Hong Kong

$411 13.8% 25.6% $84

Eating Out

Parma

$290 15.6%

Hong Kong

$201 6.8% 30.6% $89

Monthly Utilities & Internet

Parma

$275 14.8%

Hong Kong

$287 9.6% 4.4% $12

Clothing & Footwear

Parma

$178 9.6%

Hong Kong

$140 4.7% 21.4% $38

Sport & Entertainment

Parma

$87 4.7%

Hong Kong

$122 4.1% 40.8% $35

Getting Around

Parma

$62 3.3%

Hong Kong

$105 3.5% 69.9% $43

Cost Breakdown

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

Good to know

🇮🇹 Parma

🇭🇰 Hong Kong

🕒 Local time

06:32 6:32 AM

12:32 12:32 PM

6 h ahead of Parma

🌤 Weather

👥 Population

193,315

1,367,900 Capital

💱 Currency

Euro EUR €

Hong Kong Dollar HKD $

📈 Exchange rate

1 EUR = 1.12 USD

1 HKD = 0.127 USD

1 HKD = 0.113 EUR

Exchange rates and currency converter

HKD, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

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

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).

USD to EUR in detail →

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Between locations

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

From you

Parma
Hong Kong

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

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

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

For a comfortable life, plan on about $2,787 per month in Parma and $4,476 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 $72.0 in Parma and $65.0 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 $1,858 in Parma and $2,984 in Hong Kong. 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.