foxincyber wrote: ↑Sat Nov 07, 2020 5:36 pm
The pay scale seems much higher then canadian pay scale but there are a lot hidden cost living in Hong Kong. Unless you are single without family.
First is the rent. Pre covid, you have to pay CAD $4000 minimum for a 2 bedroom in discovery bay. Which is the expat living area of Hong Kong. Even if you choice near the airport in Tung Chong. It goes around $3000 for 2 bedrooms.
Second HK tax is 10% for family and 15% for single. if you think of commuting to and from canada. You still have to pay canadian tax if your family is living in Canada. But you can subtract the amount you paid in HK
Third is kids tuition. HK tuition cost around CAD $10,000 to $30,000 per year per kid.
Lastly it’s the everyday cost. if you fancy for a real steak. Expect it to cost double what you pay in Canada. Also don’t even think of owning a car. Just the parking spot can cost you a fortune
At the end, money alone does say it all. It’s all about the life style you want
It's a different lifestyle, no doubt. And maybe but for everyone, but the same can be said for every country and city in this world.
So the great equaliser wherever you are is money...
and there is no doubt that despite the high cost of living, and HKG is not that far above YVR/YYZ, and despite what I heard was a 40-60% pay cut that Cathay Pilots make a significant pile more money than Pilots in this country on comparable types for doing the same job with the same responsibility.
Then they pay low taxes, like 1/3 or 1/4 of, or even less of what we would in this country, they don't pay taxes on investments gains either.
Private school in this country? $28K for the school near me. Cost of living? Heating? Telecom? Insurance? Tax at every corner? That's Canada... and it's higher.
Car? You don't need one in HKG with robust transit and connections across the city and to the airport, you need one in Canada 99% of the time, that's a high cost.
I've spent a lot of days and nights in HKG and going out for food and drinks in Central was no more expensive than going out in Vancouver, and in fact cheaper - like really cheap - once you get away from the expat spots. Good shopping to. I buy a ton of stuff when I'm over there.
Anyway, it is what it is... but don't be fiooled that all that pay gets eaten up on high cost of living. And even if that were the case of irrelevant, as I said pay is the big equaliser. And Canadian Pilots, especially Canadian 320 & 737 Pilots, are far far far behind the rest of the world. US/EU/ME/Asia... I don't know, maybe we're beating the guys in West Africa or Mexico or something...