How much does it cost to raise a child Hong Kong?

According to calculations by nonprofit Hong Kong Bauhinia Foundation Research Centre, the cost of raising a child from birth to college graduation in Hong Kong averages about 5.5 million Hong Kong dollars (US$710,000) for a middle-class family.

Is Hong Kong a good place to raise kids?

Hong Kong’s bus, train and taxi fares are very low compared to other developed countries. Hong Kong has so many advantages that it is an ideal place to raise a family.

How much is it to raise two kids?

But the fact is, kids are expensive. In its Expenditures on Children by Families report, the USDA puts the cost of raising a child from birth to age 18 at $233,610 for a middle-income family (married with two kids) — around $12,980 per year.

How much money do you need to comfortably raise a child?

Average Cost of Raising a Child in America The report breaks up costs into three income ranges, with $233,610 being the average for those qualifying families who make between $59,200-$107,400. Those in the lower income range, making under $59,200, required an average of $174,690 to raise a child.

How much is daycare in Hong Kong?

Most expats find that it does not make financial sense to opt for a private daycare center over hiring a domestic helper, as daily half-day sessions at a private center costs between HK$4,000-$11,000 a month, much higher than the cost of a full-time, live-in helper at HK$3,740 a month.

How much does it cost to raise a child in China?

According to a conservative estimate by Associate Professor Ma Chunhua at the Chinese Academy of Social Sciences, the amount needed to raise a child from birth to age 17 in the city is 273,200 yuan (S$56,650), after adjusting for inflation.

Is Hong Kong family friendly?

Hong Kong is your answer. From traditional foods to awe-inspiring views, there’s plenty for children to enjoy in Hong Kong. Plus with Disneyland and Ocean Park both in the city, children of all ages will fall in love with Hong Kong just as much as their parents will.

Is Hong Kong a good place to live 2021?

Is it safe to move to Hong Kong as an expat in 2021? In general, yes. Hong Kong is an advanced economy with very low rates of crime across the city.