The cost of living in Shanghai is 28% more expensive than in Shenzhen. Cities ranked 3152nd and 4544th ($1379 vs $1079) in the list of the most expensive cities in the world and ranked 5th and 9th in China.
Shenzhen is cheaper than Shanghai. Costs have been skyrocketing across China, with rents doubling or tripling in the years I've been here. Yet I think for the same living standard and central location in Shenzhen, you'd pay much more in Shanghai. Of course this main cost is rent.
The average cost of living in Shenzhen is $1079, which is close to the world's average cost of living, ranked 4544th out of 9294 in our global list and 9th out of 544 in China.
Shenzhen is 32.8% cheaper than Hong Kong.
With a population of 17.56 million as of 2020, Shenzhen is the third most populous city by urban population in China after Shanghai and Beijing.
Beijing – the billionaire capital of China
Once again, Beijing is named among the 10 richest cities around the world, boasting a total of 128,200 resident millionaires, 354 centi-millionaires, and 43 billionaires. The official capital city of China, Beijing is the base for many of the world's largest companies.
Futian is also one of the most expensive and exclusive districts in Shenzhen. Its pricey and modern apartments are particularly popular with young and single working professionals. While there is a handful of international schools in the area, family-sized apartments in Futian can be exorbitant.
It is by some measures China's cheapest city at prefecture-level or above. In 2019 Hegang earned online notoriety after young outsiders made viral videos and blog posts boasting of buying sizeable apartments there for as little as 46,000 yuan ($6,700).
Hong Kong is known for attracting some of the world's most successful and wealthy business people, with thousands of expats drawn to the city. According to the ECA index, the city has claimed the honor of being the world's priciest city three times in a row.
Shenzhen, once known for spewing out dark clouds of toxic smoke, has done much to clean up and transformed into China's most sustainable city, according to several research reports.
Baishizhou is the largest urban village in Shenzhen, with all the characteristics one could imagine of a slum — dark and narrow alleys, messy electric cables, damp air, and disorganized communities suffering from poverty.
Our study evaluated the walkability of 35 Chinese cities from 4 dimensions: safety, comfort, accessibility, and management. Hong Kong, Shenzhen, and Shanghai were ranked the top three most walking-friendly cities in the country at the time.
Mandarin is known in known in China as 'Putonghua'. Because of Shenzhen's close proximity to Hong Kong and Guangzhou, you will also hear the Cantonese language spoken. Many people in Shenzhen can also speak at least some English, with the Shenzhen Government offering programs to help people learn English.
The 11 best places for expats to live in China are Hangzhou, Shanghai, Beijing, Shenzhen, Chengdu, Xi'an, Qingdao, Kunming, Tianjin, Nanjing, and Fuzhou.
Shenzhen was a fishing port 40 years ago but now their amazing skyscrapers and well-known structures are 'talk of the town' all over the globe. Perhaps no city has emerged so well and developed their amenities at much faster rates.
It has become a prosperous, chic, innovative, harmonious and beautiful city and established many firsts in the history of world industrialization, urbanization and modernization. Shenzhen is a link between the Chinese mainland and Hong Kong and a transport hub for coastal southern China.
Shenzhen is nicknamed the Silicon Valley of China.
Hangzhou in China comes out on top of the list assessing the fastest-growing millionaire hotspots. The report found that between 2012 and 2022, the amount of individuals living there that have over $1 million worth of investable assets has soared by 105%.
The main reasons that Japan is more expensive than China is because Japan has one of the highest costs of living in the world and an extremely strong economy, leading to an increased price for anything tourism related. Modern and luxurious hotels with high-tech furnishings have become quite common.
Shenzhen is China's coolest, cleanest and most livable city. In 2019, Lonely Planet ranked Shenzhen as second in the world in the list of top 10 cities to visit. Shenzhen has a slightly higher cost of living than most cities in China but it is cheaper than 67% of cities in the world.
The cost of living in Hong Kong is 167% more expensive than in Shenzhen. Cities ranked 63rd and 4544th ($2884 vs $1079) in the list of the most expensive cities in the world and ranked 1st and 9th in China.
A family of four estimated monthly costs are 2,297.9$ (16,457.4¥) without rent. A single person estimated monthly costs are 635.1$ (4,548.4¥) without rent. Shenzhen is 59.0% less expensive than New York (without rent). Rent in Shenzhen is, on average, 79.4% lower than in New York.