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US expats- COL question!

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Old 10-05-2008, 01:42 AM
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Join Date: Mar 2008
Location: nyc
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campas12 will become famous soon enough
US expats- COL question!

ok. so this isn't a post to ask how much you make or anything like that. this one's relatively simple

(this is actually aimed more at the NYC'ers).

how much bump in salary are you btn ny/USA vs. hkg AND did it provide you (in your opinion) with the same lifestyle??

right now i'm looking at a 20% bump in base (not sure of bonus) to move out to hkg (on top of relo)...but i'm just concerned that this isn't enough to keep my same lifestyle?

anyone have any thoughts? the bottom line imo is that while housing = 40-60% more in hkg (for a comparable place) all else is relatively cheaper so it somewhat balances itself out?

i'm just worried that i'll be 'relatively' poorer....from a financial perspective (though richer? from my cultural experience heh)
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Old 11-05-2008, 07:27 PM
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landreclaim is on a distinguished road
taxes

The most important piece of info in determining the answer to your question is: How are you taxed? As a US national you are obligated to pay Uncle Sam wherever you go on this planet unless you found a way of skipping it. If you only have to pay HK tax, I will say yeah, you've got it made and enjoy Hk!
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Old 11-05-2008, 11:24 PM
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Location: nyc
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campas12 will become famous soon enough
Quote:
Originally Posted by landreclaim View Post
The most important piece of info in determining the answer to your question is: How are you taxed? As a US national you are obligated to pay Uncle Sam wherever you go on this planet unless you found a way of skipping it. If you only have to pay HK tax, I will say yeah, you've got it made and enjoy Hk!


i'll be paying 32% (iirc) on anything over 85k USD....
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Old 12-05-2008, 12:59 PM
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You are paying for your housing? If you think that evens out at +20%, the rest should be about the same.
Although if you are tied to specific US brands in terms of food/clothing/appliances/etc... it could become expensive here.
Your COLA is almost equal to mine and I came out of Atlanta, which is nothing like HK nor NYC.
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