Ever wondered why one minute you think you live in the best city in the world, and the next, you can’t wait to GTFO? It’s not you: turns out we live in a pretty bi-polar metropolis, if these stats are any indication. We explore your love-hate relationship with Hong Kong, explained by stats:
We have an extremely low unemployment rate:
…Out of a population of 7.3 million, that’s only about 240,000 poor mofos who don’t have jobs. Amazing by any standard!
Percentage of population in the workforce:
Now that’s all kinds of fucked up.
…Or 81.2 years old if you’re a male, and 86.9 years old if you’re a female. Must be something in the water. (Lead, perhaps?)
Since 53.9% of the population are female, and only 46.1% of the population are male. That’s roughly a ratio of 12 women for every 10 men!
Almost one fifth (19%) of the population only have primary school exposure, and more than half (51.2%) only have a high school degree.
Together, that’s a whopping 70%, or 5.1 million people without the security of a university education. Shocking, for a supposedly first-world city.
As of July of last year, our fiscal reserves were an unbelievable $796.9 BILLION DOLLARS. (But seriously, why are we sitting on all this money?!)
Most people in Hong Kong don’t need to pay more than 15% tax on their income. And even the richest don’t go over 17%. Capitalism at its best!
If you want to buy a 430-square-foot apartment on Hong Kong Island, expect to pay an average of $5.2 million dollars — and consider it a steal. To drive this home, that’s $12,093 per square foot (or about the size of a tile) that you’re paying.
Are you an owner? Kudos on a lucky investment! A buyer? Sucks to be you.
Country Parks and Reserves make up 40% of Hong Kong’s 1,104-square-kilometer territory.
With all these extremes, no wonder why we love Hong Kong one second, and hate it the next!