Personal income tax framework
Shenzhen
3%–45% resident IIT[1]
After the ¥60,000 annual basic deduction: 3% to ¥36,000 taxable income; then 10%, 20%, 25%, 30%, 35%, and 45% above ¥960,000.
Hong Kong
2%–17% progressive[2][3]
For 2026/27: 2%, 6%, 10%, and 14% on successive HK$50,000 bands, then 17%; basic allowance HK$145,000. The standard-rate test is 15% on the first HK$5 million and 16% above.
Statutory rates are not an estimated personal bill. Residency, deductions, benefits, and income source all matter.
Current official housing evidence
Shenzhen
No defensible citywide current average[18]
The official public tool is an estate-level 2022 rental-guidance lookup, so we will not dress it up as a current Shenzhen market average.
Hong Kong
HK$291–484/m²/month[17]
May 2026 provisional average rent across Class B homes of 40–69.9 m² and Class C homes of 70–99.9 m², depending on Hong Kong Island, Kowloon, or the New Territories.
For a real decision, compare the median of a dated listing sample matched by usable area, age, and commute.
Residential electricity
Shenzhen
¥0.6912/kWh[8]
Published Shenzhen combined-meter residential tariff. Confirm whether your building uses this billing setup.
Hong Kong
HK$1.406–1.633/kWh[9][10]
2026 average CLP net tariff to HK Electric net tariff. Your provider is determined by the service area.
Different currencies and tariff structures: useful bill anchors, not a laboratory-grade comparison.
Domestic water and sewage
Shenzhen
¥3.67/m³ in first tier[11]
For the first 22 m³: ¥2.67 water plus ¥1 sewage. The combined charge rises to ¥6.04 for 22–30 m³ and ¥12.35 above 30 m³.
Hong Kong
First 12 m³ free[12]
Per four months; then water is HK$4.16 for the next 31 m³, HK$6.45 for the next 19 m³, and HK$9.05 above 62 m³. Sewage is HK$2.92/m³ after the first 12 m³.
Billing periods and tier thresholds differ, so model your household's consumption rather than comparing one headline.