Minimum Wage on Hong Kong from May 2023.
On 1 May 2023, the Statutory Minimum Wage (SMW) rate in Hong Kong, was increased to 40 Hong Kong dollars per hour.
It was last increased in 2011, to 37.5 Hong Kong dollars.
Average Wages in Hong Kong.
From different sources, we located very different average wage figures, causing some confusion. A couple of examples are:
Average Wages in Hong Kong increased to 17,635 HKD per month in the 4th quarter of 2022.
The maximum rate of average wage for employees was 17,304 HKD per month and minimum was 10,382 HKD per month. Data published Quarterly by Hong Kong Census and Statistics Department.
Quarterly Report of Wage and Payroll Statistics, December 2022. Users can download the publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1050009&scode=210).
A person working in Hong Kong typically earns around 36,600 HKD per month. Salaries range from the lowest of 9,260 HKD up to 163,000 HKD per month.
The median wage is quoted at 33,100 HKD per month, by www.salaryexplorer.com/salary-survey.php?loc=97&loctype=1
The average wage, according to data published quarterly by Hong Kong Census and Statistics Department, was 17,635 HKD per month at the end of 2022.
These average monthly wage rates, analysed by industry selected occupations in Hong Kong dollars, were:
- 16,021 -Manufacturing.
- 19,857 -Import/export, wholesale and retail trades.
- 23,496 -Transportation.
- 16,351 -Accommodation and food service activities.
- 24,323 -Financial and insurance activities.
- 15,856 -Real estate leasing and maintenance management.
- 13,346 -Professional and business services.
- 21,966 -Personal services
- 17,635 – All selected industry sections.
Hong Kong Social Security Allowance (SSA) Scheme. www.swd.gov.hk/en/index/site_pubsvc/page_socsecu/sub_ssallowance/
Hong Kong Allowance Rates.
Hong Kong Dollars at Foreign Conversion.
17,635 Hong Kong Dollars, at 3 May 2023, equals:
- 2,246.51 United States Dollars.
- 3,368.18 Australian Dollars.
- 1,799.15 British Pounds.
33,100 Hong Kong Dollars, at 3 May 2023, equals:
- 4,216.64 United States Dollars.
- 6,326.21 Australian Dollars.
- 3,378.20 British Pounds.
23.3 - 741,723