Last update: Oct 2026

Cost of Living Comparison Between South Yarra and Hong Kong

For one person, living is cheaper in South Yarra: $2,436 a month against $2,984 in Hong Kong, rent and utilities included – about $6,600 less a year. Higher rent and utilities in Hong Kong outweigh lower spending on other living expenses.

119

Cost of Living Index in South Yarra
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South Yarra Living Index
144

Cost of Living Index in Hong Kong
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Hong Kong Living Index

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South Yarra

🇦🇺 Australia

$2,436

/mo nomad

Hong Kong

🇭🇰 Hong Kong (China)

$2,984

/mo nomad

Monthly Cost of Living

How much you'll spend in South Yarra 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 South Yarra and in Hong Kong actually costs, broken down by who's living it.

A single person spends $2,436 per month in South Yarra vs $2,984 in Hong Kong, rent included.

South Yarra $2,436
Hong Kong $2,984

A couple spends around $3,527 per month in South Yarra vs $4,584 in Hong Kong, rent included.

South Yarra $3,527
Hong Kong $4,584

A family of three spends $4,618 per month in South Yarra vs $6,183 in Hong Kong, rent included.

South Yarra $4,618
Hong Kong $6,183

South Yarra is about 18% cheaper than Hong Kong, and outside of rent the biggest gap is in eating out.

Both South Yarra and Hong Kong sit above the global median – South Yarra by 80%, Hong Kong by 121%.

Meal at Budget Restaurant

$17.64 A$25.39

$7.75 HK$60.8

127.61%

Three-Course Dinner for Two, Mid-Range

$84.5 A$122

$64.7 HK$508

30.69%

Fast Food Meal (McDonalds, etc)

$8.25 A$11.87

$6.18 HK$48.51

33.50%

Cappuccino

$3.53 A$5.08

$5.08 HK$39.85

-30.51%

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

$2.07 A$2.98

$1.31 HK$10.31

58.02%

Water (0.33 liter bottle)

$1.71 A$2.46

$1.09 HK$8.56

56.88%

Local Beer (0.5 liter draught)

$9.78 A$14.08

$7.47 HK$58.6

30.92%

Imported Beer (0.33 liter bottle)

$8.24 A$11.85

$6.50 HK$51.0

26.77%

Milk (1 liter)

$1.54 A$2.22

$2.89 HK$22.71

-46.71%

White Bread (500g)

$2.74 A$3.95

$2.31 HK$18.14

18.61%

Rice (white) (1kg)

$1.41 A$2.03

$2.13 HK$16.71

-33.80%

Eggs

$4.24 A$6.10

$3.52 HK$27.65

20.45%

Local Cheese (1kg)

$10.35 A$14.89

$24.72 HK$194

-58.13%

Chicken Fillets (1kg)

$6.94 A$9.99

$8.52 HK$66.9

-18.54%

Beef Round Steak (1kg)

$15.17 A$21.83

$18.00 HK$141

-15.72%

Apples (1kg)

$2.85 A$4.10

$4.18 HK$32.79

-31.82%

Banana (1kg)

$2.03 A$2.92

$2.68 HK$21.07

-24.25%

Oranges (1kg)

$1.36 A$1.95

$4.49 HK$35.22

-69.71%

Tomato (1kg)

$2.80 A$4.03

$4.03 HK$31.66

-30.52%

Potato (1kg)

$1.41 A$2.03

$3.12 HK$24.51

-54.81%

Onion (1kg)

$2.12 A$3.04

$3.15 HK$24.72

-32.70%

Lettuce (1 head)

$2.41 A$3.47

$1.62 HK$12.75

48.77%

Water (1.5 liter bottle)

$1.64 A$2.35

$1.74 HK$13.66

-5.75%

Cigarettes 20 Pack (Marlboro, Camel)

$31.82 A$45.79

$13.50 HK$106

135.70%

Wine (Bottle)

$12.30 A$17.69

$16.54 HK$130

-25.63%

Local Beer (0.5 liter bottle)

$5.70 A$8.20

$1.94 HK$15.19

193.81%

Imported Beer (0.33 liter bottle)

$5.26 A$7.56

$2.18 HK$17.11

141.28%

One-way Ticket (Public Transport)

$2.92 A$4.20

$1.41 HK$11.04

107.09%

Public Transport Monthly Pass (Regular Price)

$81.7 A$118

$88.6 HK$696

-7.77%

Taxi Start (Normal Tariff)

$4.47 A$6.43

$3.69 HK$28.94

21.14%

Taxi (Normal Tariff) (1km)

$1.42 A$2.05

$1.32 HK$10.36

7.58%

Taxi 1hour Waiting (Normal Tariff)

$30.47 A$43.85

$15.77 HK$124

93.21%

Gasoline (1 liter)

$1.31 A$1.88

$4.03 HK$31.65

-67.49%

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

$28.4K A$40.9K

$44.7K HK$350.5K

-36.32%

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

$26.6K A$38.2K

$37.8K HK$296.6K

-29.70%

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

$232 A$334

$250 HK$1,959

-7.06%

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

$27.31 A$39.30

$15.60 HK$122

75.06%

Internet (50+ Mbps, Unlimited Data)

$41.68 A$60.0

$21.77 HK$171

91.46%

Gym Membership (Monthly)

$55.2 A$79.4

$94.2 HK$739

-41.44%

Tennis Court (1 Hour on Weekend)

$16.96 A$24.40

$9.29 HK$72.9

82.56%

Cinema Ticket

$13.70 A$19.71

$13.91 HK$109

-1.51%

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

$2,417 A$3,478

$1,162 HK$9,122

107.94%

International Primary School, 1 Child (Yearly)

$30.4K A$43.7K

$21.9K HK$171.6K

39.00%

Jeans (Levis 501 Or Similar)

$81.4 A$117

$68.0 HK$534

19.78%

Summer Dress (H&M, Zara, etc)

$50.8 A$73.1

$41.91 HK$329

21.19%

Sport Shoes (Adidas, Nike)

$117 A$168

$79.7 HK$626

46.63%

Men's Leather Business Shoes

$132 A$190

$122 HK$956

8.52%

1-bedroom Apartment, City Center (Monthly)

$1,367 A$1,967

$2,241 HK$17.6K

-39.01%

1-bedroom Apartment, Outside City Center (Monthly)

$1,163 A$1,674

$1,718 HK$13.5K

-32.30%

3-bedroom Apartment, City Center (Monthly)

$2,109 A$3,035

$5,041 HK$39.6K

-58.16%

3-bedroom Apartment, Outside City Center (Monthly)

$1,788 A$2,573

$3,435 HK$27.0K

-47.95%

Buy Apartment in City Center (m2)

$5,707 A$8,212

$29.2K HK$229.0K

-80.44%

Buy Apartment Outside City Center (m2)

$5,659 A$8,143

$17.6K HK$137.9K

-67.80%

Average Monthly Net Salary (After Tax)

$3,271 HK$25.7K

20-Year Fixed Mortgage Interest Rate (Annual %)

5.9

3.91

50.90%

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

Last update for South Yarra: October 11, 2026

Last update for Hong Kong: October 10, 2026

Monthly budget structure

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

Accommodation & Living

South Yarra

$1.2K 47.8%

Hong Kong

$1.7K 57.6% 47.7% $555

Groceries & Markets

South Yarra

$324 13.3%

Hong Kong

$411 13.8% 26.8% $87

Monthly Utilities & Internet

South Yarra

$301 12.4%

Hong Kong

$287 9.6% 4.6% $14

Eating Out

South Yarra

$289 11.9%

Hong Kong

$201 6.8% 30.2% $87

Clothing & Footwear

South Yarra

$172 7%

Hong Kong

$140 4.7% 18.3% $31

Getting Around

South Yarra

$105 4.3%

Hong Kong

$105 3.5% 0.4% $0.5

Sport & Entertainment

South Yarra

$83 3.4%

Hong Kong

$122 4.1% 47.8% $39

Cost Breakdown

A central one-bedroom costs $1,367 in South Yarra 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.

A mid-range dinner for two costs $85.0 in South Yarra versus $65.0 in Hong Kong. Groceries tell a different story – $324 in South Yarra vs $411 in Hong Kong – so South Yarra wins on supermarket bills even if dining out costs more.

Good to know

🇦🇺 South Yarra

🇭🇰 Hong Kong

🕒 Local time

08:15 8:15 AM

05:15 5:15 AM

3 h behind South Yarra

🌤 Weather

👥 Population

25,147

1,367,900 Capital

💱 Currency

Australian Dollar AUD $

Hong Kong Dollar HKD $

📈 Exchange rate

1 AUD = 0.695 USD

1 AUD = 0.618 EUR

1 HKD = 0.127 USD

1 HKD = 0.113 EUR

Exchange rates and currency converter

HKD, USD, EUR to AUD – Australian Dollar Converter

🇺🇸 United States Dollar ($)

🇦🇺 Australian Dollar ($)

Australian Dollar exchange rates as of October 17, 2026: 1 USD = 1.44 AUD (1 AUD = 0.695 USD). 1 EUR = 1.62 AUD (1 AUD = 0.618 EUR).

Hong Kong Dollar exchange rates as of October 17, 2026: 1 USD = 7.85 HKD (1 HKD = 0.127 USD). 1 EUR = 8.82 HKD (1 HKD = 0.113 EUR).

USD to AUD in detail →

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South Yarra Hong Kong 7,420 km ≈ 10 h nonstop flight

From you

South Yarra
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

South Yarra vs Hong Kong: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $2,436 in South Yarra, $2,984 in Hong Kong – roughly 22% apart. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $3,654 per month in South Yarra 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 South Yarra, 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 $85.0 in South Yarra 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 $2,436 in South Yarra and $2,984 in Hong Kong. That's a gap of about 22%.

A $2,500 monthly budget goes further in South Yarra, where all-in costs run around $2,436, than in Hong Kong at $2,984. In South Yarra 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 $2,436 in South Yarra 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 South Yarra. 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.