Smart Money-Saving Tips for Expats Living in Hong Kong (2025 Edition)
Living in Hong Kong can be thrilling—its energy, convenience, and international vibe make it one of Asia’s most exciting cities. But with its reputation for sky-high rents and costly nights out, it’s no secret that life in the Fragrant Harbour can be tough on your wallet. The good news? There are smart ways to save money in Hong Kong without compromising your lifestyle.
Whether you’re a new arrival or a seasoned expat looking to optimise your budget, these practical, tried-and-tested tips can help you make the most of your time in Hong Kong—financially and experientially.
1. Rethink Your Housing Strategy
Look Beyond the Obvious
While Mid-Levels and The Peak are expat favourites, emerging neighbourhoods like Tai Wai, Tseung Kwan O, Hung Hom, and Tsuen Wan offer modern flats with excellent MTR connections at half the price. You can also consider shared apartments, especially if you're single or only staying short-term.
Negotiate Your Rent
In 2025’s softening rental market, landlords are more open to negotiation—particularly for longer leases or unfurnished units. Don’t hesitate to ask for a rent reduction or request that management fees and utilities be included.
Consider Serviced Apartments Off the Beaten Path
Serviced apartments in less central districts like Kowloon City or Quarry Bay can offer better value than those in Central or Wan Chai. They often come with gym access, weekly housekeeping, and utilities included, making budgeting easier.
2. Master Public Transport
Use an Octopus Card Everywhere
The Octopus Card isn’t just for the MTR—it can be used on trams, ferries, buses, minibuses, and even in convenience stores and cafés. Load it monthly and track your expenses easily.
Avoid Taxis and Ride-Sharing
While convenient, taxis and Ubers add up quickly. Stick to the efficient MTR system or hop on a tram (“ding ding”) for scenic travel through Hong Kong Island—for just HK$3.40 a ride.
Walk When You Can
Hong Kong’s urban layout is pedestrian-friendly. Walking between MTR stations, through air-conditioned malls and footbridges, can save money and add to your daily steps.
3. Save on Groceries and Dining
Shop at Wet Markets and Local Supermarkets
Imported items from stores like City’super and Great can cost double. Instead, head to wet markets in Wan Chai, North Point, or Sham Shui Po for fresh produce, meats, and seafood at local prices. Chains like ParknShop and Wellcome also offer loyalty programmes and regular discounts.
Buy in Bulk
Warehouse-style outlets like Pricerite and Jusco Living Plaza sell pantry staples in bulk for less. Look out for bulk bins and special multi-pack promotions.
Eat Like a Local
Skip the pricey Western brunches and explore cha chaan tengs—Hong Kong-style diners where a full meal can cost less than HK$50. Dim sum restaurants in Kowloon and New Territories are also more affordable than those in Central.
Take Advantage of Lunch Specials
Many restaurants offer weekday lunch sets for a fraction of dinner prices. This is especially true in Central, Tsim Sha Tsui, and Causeway Bay where business lunch competition is fierce.
4. Trim Entertainment & Fitness Expenses
Opt for Free Nature Activities
Hiking is practically a national pastime in Hong Kong—and it’s free. Trails like Dragon’s Back, Tai Tam Reservoir, and Lantau Peak offer stunning views and a natural escape without spending a cent.
Use Government Facilities
Instead of joining an expensive gym, check out LCSD sports centres, which offer affordable fitness rooms, swimming pools, and courts. A one-time gym session may cost as little as HK$15–20.
Explore Free Cultural Events
Museums under the Leisure and Cultural Services Department are often free on Wednesdays. Keep an eye on city listings for free art exhibits, festivals, and outdoor movie screenings.
Join Meetup Groups
There are plenty of social groups and hobby circles that organise free or low-cost gatherings—great for networking without splashing out at pricey bars.
5. Be Smart About Utilities and Mobile Plans
Track Your Electricity Usage
Electricity in Hong Kong can be expensive, especially in summer. Use dehumidifiers on timers, set air conditioners at 25–26°C, and switch to LED lighting to cut costs.
Compare Internet and Mobile Plans
Hong Kong has a competitive telecom market. Providers like HKBN, SmarTone, and China Mobile often run deals for expats and newcomers. Look for bundled services that combine home internet, mobile, and TV to save.
6. Make the Most of Health Services
Use Public Healthcare When Possible
While many expats prefer private clinics, public hospitals are highly subsidised. Basic consultations cost as little as HK$50. Emergency services are excellent, though expect wait times.
Get a Local Insurance Plan
International insurance is expensive. Local providers like AXA, Bupa, or Cigna Hong Kong offer competitive rates tailored to local needs. Be sure to compare before you commit.
7. Budget Your Lifestyle
Track Your Spending
Apps like Splitwise, Wally, or Plum help monitor expenses and split costs with flatmates. Seeing where your money goes makes cutting back easier.
Use Cashback and Credit Card Rewards
Hong Kong banks offer generous credit card perks—from cash rebates at supermarkets to free coffee and dining discounts. Choose a card that matches your lifestyle and make sure to pay it off monthly.
Shop During Mega Sales
Sales cycles are predictable: July, November (Singles Day), and Christmas are prime times for electronics, fashion, and household items. Apps like Price HK help compare prices before you buy.
8. Educate Yourself on Local Deals
Download Local Apps
Apps like OpenRice (for food deals), Klook (for discounted activities), and ShopSavvy (for price comparison) help you find the best prices daily.
Use Rebate Platforms
Platforms like Yuu Rewards and MoneyBack offer rebates and coupons at thousands of outlets, including 7-Eleven, Mannings, and Wellcome.
Final Thoughts: Living Well for Less
Hong Kong may have a reputation for luxury, but smart expats know how to enjoy the best of the city without overspending. With a few lifestyle tweaks, local knowledge, and budgeting tools, you can live comfortably—even stylishly—while saving for travel, retirement, or your next big goal.
So, whether you’re sipping milk tea at a corner café or catching the sunset from Victoria Peak, rest easy knowing you’re making the most of your Hong Kong adventure—financially and otherwise.
