Your question: How much do Shanghai people make?

In 2019, average wage of employed persons for Shanghai was 149,377 yuan. Average wage of employed persons of Shanghai increased from 66,115 yuan in 2010 to 149,377 yuan in 2019 growing at an average annual rate of 9.53%.

How much is a good 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 a high income in Shanghai?

The highest paid Shanghai are Compliance, AML, KYC & Monitoring professionals at $698,000 annually. The lowest paid Shanghai are Data professionals at $27,000.

What is the average monthly salary in Shanghai?

Shanghai last month announced its average monthly social salary figure of RMB 10,338, resulting in a severance cap of RMB 31,014.

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How much does a average Chinese person make?

China has lower average salary figures compared to other developed economies like the United States and Japan. The annual average wage of a typical Chinese employee is around 3,51,600 Yuan (USD 54,422).

Is Shanghai expensive to live?

Shanghai is the most expensive city in China. And according to Mercer Cost of Living Survey 2020, Shanghai, China is the 7th most expensive city in the world to live in with Beijing sitting on the 10th.

How much money do you need to live in Shanghai?

Summary about cost of living in Shanghai, China: Family of four estimated monthly costs are 2,761$ (17,594¥) without rent. A single person estimated monthly costs are 744$ (4,741¥) without rent. Shanghai is 46.88% less expensive than New York (without rent).

How much are houses in Shanghai?

In 2020, the price for new residential property in Shanghai’s inner ring was over 118 thousand yuan per square meter. Within one year, the house price increased by 8,000 yuan per square meter. In early 2021, local authorities introduced legislation to stabilize the market.

Is it good to live in Shanghai?

Shanghai is a very safe place to live as an expat. It was ranked one of the safest cities in China because of its low crime rates. While most crimes are limited to pick-pocketing and minor thefts on public transport, expats are advised to keep to well-lit areas of the city at night.

What is the average salary in Beijing?

In 2020, the average annual wage of employees in Beijing municipality in China amounted to approximately 151 thousand yuan. The average nominal wage nearly tripled over the last decade.

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How much is an apartment in Shanghai?

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.

What is a livable wage in China?

Living Wages in Context (monthly rates in CNY)

2016 2019
Minimum wage 1000 1260
Living Wage – Single Adult 2800-4200 2510-4010
Living Wage – Typical Family 3920-5920 3650-5730
Real wage of low-skilled worker

What are the highest paying jobs in China?

The following are the top 10 best paid jobs for graduates last year:

  • General manager & supervisor (总经理和日常主管) …
  • Loan officer (银行信贷员) …
  • Mortgage broker (信贷经纪人) …
  • Architect (except for garden and water landscape architect) (建筑师,非园林和水上景观) …
  • Computer software engineer (计算机系统软件工程师) …
  • Sales manager (销售经理) …
  • Marketing manager (市场经理)

What is considered rich in China?

Growth of the Rich in China

By one estimate around six or seven million Chinese, about 5 percent of the population, had assets of $100,000 in the mid 2000s. This is considered rich by Chinese standards. As of 2004, there were an estimated 10,000 Chinese with assets over $10 million.