Salary Calculator Hong Kong
Calculate your take-home salary in Hong Kong
| Results | Yearly | Monthly |
|---|---|---|
| Gross Salary | HK$0 | HK$0 |
| Total Deductions | HK$0 | HK$0 |
| Take-Home | HK$0 | HK$0 |
2024 Salary After Tax Breakdown in Hong Kong
Detailed Breakdown of Taxes and Contributions
With a gross annual income of HK$0, our Salary After Tax Calculator for Hong Kong estimates your net monthly income to be around HK$0. This represents approximately NaN% of your gross monthly income deducted as taxes and contributions.
Below is a detailed breakdown of the taxes and contributions deducted from employment earnings in Hong Kong, as calculated by our salary after tax calculator.
| Yearly | Monthly | |
|---|---|---|
| Gross Income | HK$0 | HK$0 |
| Total Deductions (NaN%) | HK$0 | HK$0 |
| > MPF Contribution | HK$0 | HK$0 |
| > Income Tax | HK$0 | HK$0 |
| Take-Home | HK$0 | HK$0 |
In Hong Kong, the minimum wage is set at HKD 37.5 per hour. This equates to an approximate monthly income based on standard working hours.
After accounting for taxes and Mandatory Provident Fund (MPF) contributions, an individual on the Hong Kong minimum wage would net a different amount. The minimum wage aims to provide a basic standard of living and is reviewed periodically.
What is the Average Salary in Hong Kong?
According to the Hong Kong's Census and Statistics Department
The latest data reveals that the average yearly salary in Hong Kong is approximately HK$360,000. This figure varies significantly across different industries, levels of experience, and job roles. The median monthly gross salary in Hong Kong is estimated to be HK$30,000, subject to variations based on the district of employment.
In Hong Kong, industries such as finance, technology, and real estate are known for offering higher-than-average salaries. Below is a detailed breakdown of median salaries by district within Hong Kong. Additionally, we provide insights into net salaries after tax deductions, offering a clearer view of potential take-home pay.
| District | Monthly Gross Salary | Monthly Net Salary |
|---|---|---|
| Central and Western | HK$40,000 | HK$31,800 |
| Wan Chai | HK$39,000 | HK$31,050 |
| Eastern | HK$37,000 | HK$29,400 |
| Southern | HK$35,000 | HK$27,850 |
| Yau Tsim Mong | HK$33,000 | HK$26,250 |