What is a good expat salary in Shanghai?

If you have 55k per month,you will have 55k*12=660k per year which means you are the at the top \%3~5 in Shanghai. And Average Household Total Expenditure is $38,448. You can live a good life with that 55k/month. 37500 RMB/month is around US$5500 and that is considered very high salary in China.

What is the average salary in Shanghai?

In 2019, average wage of employed persons for Shanghai was 149,377 yuan. Average wage of employed persons of Shanghai increased from 66,115 yuan in 2010 to 149,377 yuan in 2019 growing at an average annual rate of 9.53\%.

What is the average monthly salary in Shanghai?

Shanghai last month announced its average monthly social salary figure of RMB 10,338, resulting in a severance cap of RMB 31,014.

Is living in Shanghai expensive?

The cost of living in Shanghai is considered the highest in China and, according to Mercer’s 2020 Cost of Living Survey, it’s the seventh most expensive city out of 209 cities for expats.

Is Shanghai expensive to live in?

Shanghai is the most expensive city in China. And according to Mercer Cost of Living Survey 2020, Shanghai, China is the 7th most expensive city in the world to live in with Beijing sitting on the 10th.

What salary is a good salary?

According to the census, the national average household income in 2019 was $68,703. A living wage would fall below this number while an ideal wage would exceed this number. Given this, a good salary would be $75,000.

How much does it cost to live in Shanghai per month?

Summary about cost of living in Shanghai: Four-person family monthly costs: 2,271.01$ (16,154.39¥) without rent (using our estimator). A single person monthly costs: 617.87$ (4,395.12¥) without rent.

What is the average salary of an average person in Shanghai?

This means that the average person in Shanghai earns approximatly 152 CNY for every worked hour. Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 ) The hourly wage is the salary paid in one working hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs.

What is the average salary increase per month in China?

Employees in China are likely to observe a salary increase of approximately 9\% every 15 months. The figures provided here are averages of numbers. Those figures should be taken as general guidelines.

Is it better to buy or rent an apartment in Shanghai?

Internet with unlimited data usually costs 70 – 160 yuan (approx. 15 – 23 USD) per month. Many people choose to rent a flat. However, some people are wondering if buying isn’t a better option. Nonetheless, the prices for buying an apartment in Shanghai are very high.