It’s no surprise that Shanghai is one of China’s most popular cities, attracting visitors from all over the globe. There are a few of them who opt to take a short vacation, while others intend to remain for a bit longer. There are a lot of colleges to pick from in this large metropolis. Shanghai’s employment opportunities are appealing to a large number of individuals. So, what’s it like to live in Shanghai these days? How much does it cost to live in Shanghai these days?
Living Cost in ShangHai, renting an apartment
Renting or purchasing an apartment depends on the location and the distance from the city center.
The cost of renting a one-bedroom apartment in Shanghai’s city center ranges from 582 to 1,400 dollars a month. We should expect to spend anything from 291 to 874 dollars a month for a comparable flat outside of the city core.
It is one of Shanghai’s most expensive areas: Bund, Pudong, Minghai, Hongqiao, Hongkou, and French Courter. The Huangpu River can be seen to the right of the Bund District, which is located along a waterfront promenade. An English colony was here in the 19th century. There were Baroque, Renaissance, Classical, and Art Deco structures erected in the neighborhood. It was formerly the financial hub of South Asia in its heyday. The eastern side of town is home to the Pudong district. Shanghai’s financial and commercial core was a given when the area was first established.
We need to keep in mind that the monthly rent for larger flats is going to be more. The cost of renting a three-bedroom apartment in Shanghai’s central business district is typically between 10,000 and 22,000 yuan (approximately $1,400 and $3,200). We expect to spend between 5,000 and 13,000 yuan (about $728 and $1,800) for an apartment of the same level outside of the city center.
Shanghai’s cost of living – public transportation
Consider the expense of public transportation in Shanghai if you want to relocate there. Within the city limits, there are over a thousand bus routes, metro stations, trains and buses.
The cost of a metro ticket in Shanghai ranges from 2 yuan to 9 yuan (about 0.30 to 1.30 USD). However, we have the option of purchasing a ticket valid for 24 hours, a ticket valid for three days, or a public transportation card. A 24-hour ticket is good for unlimited rides on any Shanghai metro for the next 24 hours. You’ll pay 18 yuan (about $18) for this ticket (approx. 2,60 USD). With the exception of the fact that we may use it for 72 hours, a 3-day ticket functions under the identical conditions. There is a fee of 45 yuan for the service (approx. 6,50 USD). Using the Shanghai public transportation card is another viable option. The card must be charged with the correct amount of money, and you may use it to pay for a metro, buses, and a few taxis, as long as you have enough money on it. That manner, the cost of a single trip is less expensive.
The Living Cost in ShangHai – dining out –
There’s no way to speak about the expense of life without including food. If we choose to dine out rather than cook our own meals, we may expect to pay a greater price. You may have a dinner for between 3,60 and 7,30 USD at a low-cost, tiny restaurant for 25 to 50 yuan. One should expect to pay between 23 and 44 US dollars per person for a three-course lunch at an upper-middle-class restaurant. Another option for a quick and full supper is a drive-thru at our local fast food joint. KFC and McDonald’s are two of China’s most popular fast food chains. KFC’s big fries will cost us $1.90 in Chinese currency (about $1.90 USD).
We should expect to spend 8 to 30 yuan (about $1.20 to $4.40) for a domestic beer. For a 0.33-liter bottle of imported beer, we should expect to spend between 15 and 45 yuan (approximately $2.20 and $6.60 USD). A 0.33-liter bottle of Coca-Cola or Pepsi costs between 3 yuan and 10 yuan ($0.44 – $1.50 USD). Water is really inexpensive. Cost per 0,33-liter bottle ranges from 2 to 5 yuan (about 0,29 to 0,79 yuan) in China. In China, coffee isn’t all that common, but chains like Starbucks are helping to change that. The espresso costs between 2,50 and 3,60 U.S. dollars (about 18–25 yuan). We’re willing to spend anything from 25 to 35 yuan (around $3.60 to $5.10 USD) for a cappuccino.