What is a good salary in Shanghai?

What is a good salary in Shanghai?

Salary rankings by profession

Job type Median salary (USD) Salary ranking compared to all cities
Financial Analyst $47,049 113/265
Account Manager $46,851 95/265
Fashion Designer $45,098 47/265
Human Resources Manager $44,167 107/265

What is considered high income in Shanghai?

A foreigner obtaining a high annual salary of 6 times of the published local average annual salary will be regarded as a Class A candidate (in Shanghai, the current standards are gross annual salary of RMB 600,000 plus annual individual income tax payment in an amount of at least RMB 120,000.

What is a good monthly salary in Shanghai?

According to the latest statistics from the Shanghai government, the average monthly wage in 2018, after deducting tax and social welfare contributions, was 7,200 yuan ($1,047).

Is Shanghai expensive to live?

Summary about cost of living in Shanghai, China: Family of four estimated monthly costs are 2,758$ (17,575¥) without rent. A single person estimated monthly costs are 745$ (4,745¥) without rent. Shanghai is 46.63% less expensive than New York (without rent).

What’s a good expat salary in Shanghai?

All expats should look at a salary range from 10,000 to 30,000 RMB/month. You can get offers less than that, but you don’t need to accept them. There are more than enough places that will hire you for more. The normal range is from around 15,000 to 23,000 RMB/month depending where you live and what you do.

What is the average salary in Shenzhen?

In 2020, the average annual wage of staff employed in urban Shenzhen amounted to around 139.4 thousand yuan.

Why is salary in China so low?

However, the growth rate of minimum wage levels decreased in 2016, reflecting the Chinese government’s effort to reduce pressure on enterprises resulting from the uneven growth between labor costs and production rates.

What is considered a high salary in China?

Those on salaries of 2,000 to 5,000 yuan (US$295 to US$740) a month were deemed “middle income”, while a “relatively high” monthly income was 5,000 to 10,000 yuan (US$740 to US$1,480). Anyone earning more than 10,000 yuan a month was in the “high income” group.

How much is a condo in Shanghai?

Typical rents The monthly cost to lease a three-bedroom apartment is typically $3,125 (£2.3k) in the centre, dropping to $1,509 (£1.1k) on the outskirts, while a one-bedroom apartment averages $1,300 (£943) per month in the centre and $675 (£490) in the suburbs.

How much does a condo in Shanghai cost?

Renting a one-bedroom apartment in the center of Shanghai usually costs from 4 000 to 10 000 yuan (ca. 582 – 1 400 USD). For comparison, for the same apartment with similar conditions outside the center, we will pay from 2 000 to 6 000 yuan (approx. 291 – 874 USD) per month.

Is 15000 RMB a good salary in China?

For most entry-level ESL teachers, an average salary is around 10,000 RMB to 15,000 RMB per month ($1500 ~ $2180), usually with your accommodation allowances provided on top of that. You might be surprised that with this amount of salary, you can afford not only a comfortable lifestyle, but also save a decent amount!

Are salaries in China low?

Guizhou province stands out as the region carrying the most significant hike of minimum wage levels in 2016, 55 percent. As of 1 Sep, 2021, Shanghai has the highest monthly minimum wage in China’s mainland, at 2,590 RMB per month, while Beijing has the highest hourly wage in China’s mainland, at 25.3 RMB per hour.