Shenzhen Living Costs Analysis

Jun 9, 2024

Analysis of Living Costs for Average People in Shenzhen

Background

  • In 1979, an elder drew a circle in Shenzhen, marking the beginning of its rapid development
  • Transformed from a small fishing village to a major hub for the internet economy
  • Shenzhen’s motto: Once you come, you are a Shenzhen person

Overview of Shenzhen

  • Shenzhen is divided into 10 districts
    • Luohu: Old commercial center
    • Futian: New financial commercial center
    • Nanshan: Hub for internet and tech companies
    • Bao'an, Yantian: Areas on both sides of Shenzhen
    • Longgang, Longhua: Traditional industrial clusters
    • Dapeng New District, Pingshan, Guangming: Other areas

Living Costs

Dining

  • Breakfast in commercial centers is more expensive, buns cost 3 yuan, noodles around 10 yuan
  • Dining in urban villages is cheaper, with the same meals priced lower
  • Breakfast: Buns 3 yuan, noodles around 10 yuan

Housing

  • Housing prices in Shenzhen are very high, with many people living in urban villages
  • Approximately 10 million people live in Shenzhen’s urban villages
  • Rent for a single room in an urban village is about 2000 yuan/month
  • Hotel-style apartments: Monthly rent around 4000 yuan

Transportation

  • Metro: From the airport to the city center 5 yuan
  • Didi ride prices: Within 5 km 10-20 yuan
  • Buses and shared bikes are also convenient

Shopping and Consumption

  • Supermarket prices: Mushrooms 10 yuan/3 packs, enoki mushrooms 2 yuan/pack

Income Situation

  • Average monthly salary: 16,000 yuan
    • Business, finance, and investment: 20,000-30,000 yuan or more
    • Regular workers: About 10,000 yuan

Conclusion

  • Basic living expenses in Shenzhen are about 10,000 yuan/month
  • High-income people live in commercial areas and eat out
  • Average people live in urban villages and cook at home to save money
  • Prices have risen somewhat before and after the pandemic

Audience Interaction

  • Invite the audience to leave comments discussing their perceptions of living costs in Shenzhen