Cost of living in Shenzhen
Shenzhen, a bustling metropolis in China, is known for its rapid economic growth and vibrant lifestyle. Understanding the cost of living in Shenzhen is crucial for anyone considering moving to or working in this dynamic city.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to housing and transportation, helping you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $3.45 on average, with a range between $2.07 and $6.22.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $27.62, with prices ranging from $22.1 to $50.58.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $5.39, with a range between $4.63 and $5.52.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $0.69 to $2.07, imported beer $2.07 to $5.52, cappuccino $1.8 to $4.42, and Coke/Pepsi $0.41 to $0.69.
Grocery Prices
- Milk - Milk is priced between $1.38 and $2.76 per liter, averaging $1.99.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.38 and $3.45, with an average price of $1.96.
- Eggs (Dozen) - A dozen eggs range from $1.33 to $2.49, averaging $2.
- Fruits (e.g., Apples, Oranges) - Apples cost $0.83 to $2.76 per kg, while oranges range from $0.83 to $2.76 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.55 and $1.38 per kg, and lettuce costs $0.28 to $1.38 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $0.35 and $0.69, with a monthly pass priced between $13.81 and $34.53.
- Fuel (Gasoline) - Gasoline is priced between $1.1 and $1.24 per liter.
- Taxi Fares - Taxi fares start at $1.38, with a cost of $0.33 to $0.41 per km and $6.63 to $8.29 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $621.53 to $1104.94, averaging $753.37.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $276.24 to $552.47, averaging $399.81.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $1243.06 to $2762.35, averaging $1677.14.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $690.59 to $1381.18, averaging $927.98.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $9668.24 to $16353.56, averaging $12726.25.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $4834.12 to $9668.24, averaging $6684.73.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $41.44 and $130, averaging $66.69.
- Internet - Internet services range from $6.91 to $20.72, with an average cost of $13.41.
Cost of Living Rankings
Shenzhen ranks 4th on the Cost of Living rankings in China. The cost of living indices for China are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in China, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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Transportation
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Rent Per Month
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Clothing And Shoes
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Buy Apartment Price
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Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Shenzhen offers a relatively affordable cost of living compared to other major cities, especially in terms of dining and transportation.
Housing costs can vary significantly depending on the location, with city centre apartments being more expensive.
Grocery prices are reasonable, but imported goods and certain items like cheese can be pricier.
Public transportation is cost-effective, and the city provides various options for getting around.
Conclusion
In conclusion, Shenzhen presents a balanced cost of living, making it an attractive option for expatriates and locals alike.
While housing in the city centre can be costly, affordable options are available outside the centre.
With its efficient public transport system and diverse dining options, Shenzhen is well-suited for those seeking a dynamic urban lifestyle.