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How You Can Save $18,000 Teaching English One Year in Hong Kong

How You Can Save $18,000 Teaching English One Year in Hong Kong

Nowadays more and more university graduates are considering going overseas to teach English rather than going directly into an office job at home.


Well, it’s a great cultural experience or a fun gap year abroad with only slightly more responsibility than what they had in university, but the real reason most consider it? The money.

Sure it might be tacky talking openly about one’s salary, but if you’re considering moving to the other side of the world for work, it’s an important thing that needs to be talked about.

So how much money can you save teaching English for one year in Hong Kong?

To answer this, I’m going to layout my monthly salary and spendings. Of course, everyone lives differently, so you’ll need to take your own lifestyle into consideration and adjust the amounts in order to get a rough idea of how much you would be able to make.

English teacher salaries can range from $18,000 – $28,000 (HKD) for language centers and $25,000 and up for actual schools.

My salary was $22,500 Hong Kong Dollars per month.

1 HKD = 0.13 USD

So let’s break that down into my monthly spendings:


The unfortunate part about living in Hong Kong is having to pay astronomical rent prices. This is where a majority of my spendings fall each month, and unless you have friends or relatives that you can crash with, it’ll be where most of yours is as well.

Many schools and companies will actually help you find an apartment and subsidize it for you, which will help keep costs down slightly. Usually if that’s the case, you will be sharing an apartment with other teachers and people who work outside the school are not allowed to reside there.

Because Johnny was not an English teacher, we had our own apartment, not affiliated with my company. Our rent each month was $14,000 HKD– meaning we each paid $7k respectively.

Total each month: $7,000 HKD


Utility bill in Hong Kong

Hong Kong is awesome in the fact that the government subsidizes most utilities. When we first moved in we had to pay a few deposits for gas, water, and internet, but even then they ranged from $200 to $700 HKD. After that, we continually got a monthly bill stating we owed a negative amount and that our balance would be carried towards the next month.

Total each month: $0 HKD

Cell Phone

Everyone in Hong Kong has a cell phone and as such the companies are all competitively priced. I went with the company 3, because they offered a one-year contract as opposed to most the others only offering two-years.

I had unlimited data, unlimited text messaging and 2,000 minutes a month. Who needs that many minutes?

Total each month: $200 HKD


Fruit market in Hong Kong

Food is going to be the category that will probably vary the most for people. If you stick to eating western food, your prices will be so much higher than if you stick to local, or even just other Asian food.

In general, most western food runs around $70 to $150 per meal, whereas I can get a bowl of Taiwanese brisket noodles for $20.

I ate most of my lunches at home (or at least packed from home) and dinner was often bought out. Due to the small size of apartments, kitchens are kind of lacking in Hong Kong and it’s actually cheaper to eat out since individual ingredient prices are high. We took advantage of the many fruit markets near our house often because they offered delicious fresh fruits for a cheap price!

Total each month: $2,500 HKD 


Another great factor in how much money you’ll save is alcohol. Alcohol can be done on the cheap if you go to places like Club 7, or it can be outrageous if you go to places like Ozone. And by outrageous, I’m talking $180 for a drink you can get for $15 at 7-Eleven.

Other than at holidays and special occasions, I didn’t get involved in the whole party, LKF scene. I rarely drank which made my wallet much happier.

On average, expect to pay around $100 for a cocktail and $60 for a beer if you do go out (to a place that isn’t Club 7).

Total each month: $0 HKD


Monsters U in Hong Kong

Everyone likes to have some fun whether it’s going shopping, out to the movies, or renting a private karaoke room. Early on we bought all the various theme park and museum passes, which paid for themselves very quickly. Even without the passes, those sorts of activities are very affordable– for example, entry to a museum costs $10!

Shopping varied from month to month. I generally didn’t spend a whole lot other than right before the seasons would change (good thing Hong Kong only has two!), and right before I left. Gotta stock up right?

Total each month: $800 HKD


Transportation can either take away a lot or very little from your paycheck depending on your commute from work and how often you go out. The nice thing about Hong Kong is that it’s small, so most things you’ll want to go to often will be in walking distance or a short bus ride away. Most months I would spend maybe $200 getting around on the weekends, if that.

As far as commuting though, when I first started working, my commute was actually really far and I was spending $30 a day just getting to and from work. Once I moved to a new center that opened, my commute was a simple walk costing me nothing.

Total each month: $200 HKD

So what does that calculate to in savings each month?



Multiple that by 12 months and you have $141,000 HKD, or roughly a little over $18,000 USD.

This doesn’t even take into consideration if you received any contract completion bonuses or if you empty your MPF (Mandatory Provident Fund). That’s a lot of money! You could travel a long time on that, make a good dent in your student loans, or even put it towards going back to school.

Again, everyone will have slightly different numbers based on their lifestyle. And if you plan to travel over your breaks like I did, you’ll need to take out a lot more for that. But hopefully this gives you a good idea of what you COULD be saving if you went to teaching English in Hong Kong for one year.

Would you like to teach English in Hong Kong?
If yes, feel free to contact me for more details!


  1. I am now working in HK for almost three years. All has been said: extremely expensive rental fees, (living in a 600ft City Central apartment = 23.000 HK monthly – walking distance to the office – taken care off by the employer inclusive utilities), comparably low tax – max. 17% on your gross earning (absolute high end – just go into HK IR webpage and pre-calculate your tax payment).
    I stay away from the local restaurants: to crowded at lunch time (long waiting times) and/or stay away from the high end restaurants. Found out, that my cooking at home is much better (did not realized that I will be ever able to produce a meal myself but since in HK, it works very well).
    Grocery, vegetables etc. are most affordable. No fear to buy at wet markets (Wan Chai, Shen Wan, etc.) will reduce your bill accordingly.
    Transportation; maybe the best and most effective in the world. About 8 Mio. peoples are rushed to work and back home everyday – think about it (forget the few dignitaries in the many Rolls Royces, Lambhorginis, Ferraries, Masseraties, and the rest of the high end cars).
    Tried to check the length of each MRT train, assume to be 250 meters, rolling into station at least every 3 minutes on the most occupied routes — absolute amazing, how many peoples without any hassle are moved back and forth. My favourite; the “Ding Ding”, the old street car still operating on HK side – abt. 270,000 passengers a day and perfectly providing the community with transportation.

    Being a holder of a green ‘octopus’ card, highest traffic fare might be 4 $HK (mostly 2 $HK) by MRT, bus or even by ferry to the most far away islands, star ferry crossing from Central to Kowloon = Zero.
    Maybe hidden from the rest of the world (but commendable to follow), Hong Kong subsidizing transportation within the community for elderlies to enable even their old citizen with minimal funds available to commute to their friends, family etc. — same as in Brazil and Hungaria (Budapest).
    HK is a safe city which allows you to freely explore all corners of the city. Move around respectfully and you will enjoy the bit restricted/conservative acceptance of the locals.

    Lived three years in Singapore.
    If HK is ‘Time Square’ – Singapore is ‘Disneyland’.


  2. This was such a thorough and detailed breakdown! I’m not evening planning to go teach in Hong Kong, but I still really enjoyed reading this and learning a little about your experience there. Thanks! If I ever do end up teaching over there, at least I know it’s possible to do with without breaking the bank :D

  3. Great article on how to save money in HK Beth! It’s definitely not an easy place to save money! Although you may have left out a few details about taxes and whatnot, this is a great guide for newcomers to the city. We recently posted an article on our blog about becoming an English teacher in HK compared to surrounding countries and the pros and cons involved. You should check it out:


    I think you’ll find it interesting, as well! Best of luck! ;)

    • Taxes are totally dependent on how much you make. Even still they’re very low– after living there for 2 years I paid about $60 upon my departure. My US taxes were 20x that amount and I wasn’t even contributing there. :)

  4. Have to say I agree with Oneika The Traveller. I’m also an expat in HK and my local meals cost at least HK$30 each (cheapest I could find around my area and they don’t taste that great). Even though my employer subsidized my housing, I still feel that the cost of living here is higher than where I come from, Singapore (not taking into account owning a car of course).

    • Interesting. When I visited Singapore, I was so ready to come back to HK, as I found it overly expensive there! Although I’m sure it depends what you’re spending your money on since I was there as a tourist, doing touristy things.

      As I mentioned, I do a lot of cooking at home so that cuts down costs a bit (depending what you make of course!) and I think it helped that I just lived in a cheaper area of HK on the Kowloon side.

  5. Current Hong Kong expat here… Nice breakdown but you didn’t mention that you have to pay taxes out of that! I think that your budget is very bare bones — yes, it may be possible to save that much on that sort of salary every month but it doesn’t sound like a lot of fun! Question, did you ever have to pay for electric? At my last flat I had bills of up to 1000 HKD during the summer months (because of running air con). Currently my landlord takes care of most of my bills but I still pay about 300 HKD every few months for water.
    Oneika the Traveller recently posted…What travel means to me + The Passport Party ProjectMy Profile

    • Glad you commented Oneika! You do have to pay taxes when you leave the country of course, but it is relative to how much you make. I think most of my coworkers ended up paying about $600 HKD (so about $75 US for everyone else reading this comment) which is nothing compared to taxes in the US. We did “pay” electric, but usually our bill was negative, even in summer. Part of that is probably because we wouldn’t get home until 9pm, and so the air was only turned on minimally!

  6. Great breakdown Beth :)
    Sammi Wanderlustin’ recently posted…Split #tbtMy Profile

    • Thanks Sammi! I hope this can help people decide if moving to HK is a good fit for them. :)

  7. Wow, you can save so much money this way….and see a whole different part of the world! Great breakdown of the costs! Crazy how rent is there….I thought it was expensive to rent here near Toronto, but it worked out to be more in Hong Kong! That’s surprising to me!

    • Hong Kong is #1 in the world for highest rent prices (although sometimes it goes back and forth with Tokyo). Even with the high rent prices it’s still very possible to make a good living though. :)

  8. Beth thanks for all this great information. I’ve heard people say they can save money teaching English abroad, but it’s nice to see some numbers (and get a general gist) of how much that can be, and how much things can cost.
    Alouise recently posted…Hong Kong in 24 HoursMy Profile

    • It really does depend on the country, but usually, teaching abroad is great for a year or two.

  9. I found that teaching in Asia is a great way to save money! In Korea I saved a $12,000 per year and that was pretty good considering the amount of travel that I did as well. It looks like teaching in Hong Kong is also pretty lucrative :)
    Chanel | Cultural Xplorer recently posted…Exploring Bukchon Hanok Village in SeoulMy Profile

    • I’ve heard great things about teaching for Korea, especially since they usually provide house and flights. Unfortunately you’re on your own for those things in HK. :\