People also ask, is living in Shanghai expensive?
The cost of living in Shanghai is considered the highest in China and, according to Mercer's 2020 Cost of Living Survey, it's the seventh most expensive city out of 209 cities for expats.
Also Know, how much does an apartment in Shanghai cost? They have been rising precipitously now for at least a decade, with an average 1,000 square foot apartment in Shanghai going for $725,000, or around five million yuan. Shanghai's average salary per month is 7,108 yuan ($1,135) or 85,300 yuan a year.
Furthermore, how much money do you need to live comfortably in Shanghai?
If you want to live in the downtown, then you may have to pay 4000 or more for a comfortable place. If you share a flat with other roommates, the cost can be lower. For food and transport, the daily payment can be around 50 - 100 yuan if you eat at normal restaurants and use metro/buses (taxi sometimes).
What is a good salary in Shanghai?
A person working in Shanghai typically earns around 26,100 CNY per month. Salaries range from 6,610 CNY (lowest average) to 117,000 CNY (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.
