27 Aug 2021
Hong Kong is the fourth most expensive place in the world to employ expatriates
The cost of employing a mid-level worker fell by US$5,067 (HK$39,400) from a year ago, a survey has found. ECA International found that the overall cost of an average pay package for an expatriate in Hong Kong in 2020 was US$279,399. ECA said when considering the cost of employing an expatriate, companies need to factor in three main elements: cash salary, benefits such as accommodation, international schools, utilities or cars, and tax.
“The cost of employing an expatriate in Hong Kong was lower in 2020 than in previous years, but this was indicative of a much larger global trend we saw in many countries across the world in 2020” said Lee Quane, Regional Director – Asia at ECA.
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