Cost of Living in Shenzhen

cost of living in shenzhen

Cost of Living in Shenzhen, China

Earning the name of Silicon Valley of China, Shenzhen is one of the wealthiest cities in the country. As home to some of the tech giants in the world, Shenzhen takes pride in its dynamic and diverse society, comprising of young professionals and international talents.

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.

Accommodation

Depending on the proximity to the city center and important sights in the city, the monthly rent for a 85 m2 (900 sqft) furnished accommodation runs at US $976 to $1,610. A furnished 45 m2 (480 sqft) furnished studio costs between $546 to $889.

Food

Food and beverages are a little expensive in Shenzhen compared to other cities in China. A basic meal can range from $5 to $10. While groceries each week can cost your up to $100.

Transportation

There are various options to travel within Shenzhen. The metro, buses and bikes are common means of transportation, and monthly passes are extremely affordable here. The monthly ticket for public transport is $20 while the basic tariff for 8 kilometres on taxi is $4.86.

Utilities

Basic utilities such as water, electricity, garbage disposal, heating and cooling can cost between $68 to $100. Data and unlimited internet has an average rate of $17.

Education

As the newest model city in China, higher education has never been better in Shenzhen. Some of China’s top-ranking universities such as Tsinghua University, Peking University, Chinese University of Hong Kong, and SUSTech University have set up campuses in the city. Depending on the program and university, yearly tuition fee ranges from $2,800 to $31,000.

Miscellaneous expenses

A $100 budget for personal care and clothes is enough for a month in Shenzhen. For entertainment, a cocktail drink in a downtown club costs $9, one movie ticket is $7 and a fancy dinner will cost $50 to $75.

Average monthly cost of living

The average monthly cost of living in Shenzhen for a single person is $1,744.

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