Minimum Wages in China remained unchanged at 2590 CNY/Month (361.867 USD/Month) in 2023. The maximum rate of minimum wage for employees was 2480 CNY/Month and minimum was 690 CNY/Month.
How much does a Chinese make? As of Jun 10, 2023, the average hourly pay for a Chinese in the United States is $27.59 an hour.
As of 2021, Hungary had the lowest average monthly salary of employees in the world in terms of Purchasing Power Parities (PPP), which takes the average cost of living in a country into account. Zimbabwe had the second lowest average wages, with Ethiopia in third.
In the long-term, the China Average Yearly Wages is projected to trend around 115100.00 CNY/Year in 2023 and 121400.00 CNY/Year in 2024, according to our econometric models.
The average yearly salary in Australia is 90,800 AUD (USD 60,355). Let's go through a few key indicators of the average earnings in Australia so you can fully understand salary statistics and trends in the country.
The new national minimum wage will be $23.23 per hour, and $882.80 per week, based on a 38-hour week. But that increase in the minimum wage comes with an important technicality.
The worldwide highest income is earned in Monaco. The smallest budget per capita exists in Afghanistan. In our comparison over 69 countries, the USA comes 7th with an average income of 70,930 USD. The average income is calculated by gross national income and population.
For example, a Big Mac costs ¥24.40 in China and $5.81 in the United States.
The cost of living in China can vary by location and type of purchase. On average, China's cost of living is 45% lower than the U.S according to Numbeo. Rent in China is 60% lower than the U.S. on average. But the cost of items like cars and private school tuition are actually very similar.
The 996 working hour system (Chinese: 996工作制) is a work schedule practiced by some companies in China. It derives its name from its requirement that employees work from 9:00 am to 9:00 pm, 6 days per week; i.e. 72 hours per week.
In 2021, the average price for residential real estate in Shenzhen was over 61.6 thousand yuan per square meter. This was the highest price among all major cities in China, with the average price across the country amounting to 16,533 yuan per square meter.
Lunch/Dinner/Supper - 20–80 yuan (3–12.5 USD) Rice and noodles are the main food staples in China and they often appear on the table for mid-day and evening meals. You can also order dishes and rice, which cost about 20–40 yuan per dish.
Maximum and minimum salary range
The average salary in China ranges from 7,410 Yuan per month (USD 1,066) to 131,000 Yuan (USD 18,842) per month — with 7,410 Yuan being the minimum salary and 131,100 Yuan being the maximum salary.
Tesla's CEO Elon Musk is the highest paid CEO in the world. His salary was USD 23.5 billion approximately in the year 2022.
According to Expatistan, this means Australia is one of the most expensive places to live (ranked 13 out of 74). Generally, a higher cost of living means that basic expenses have become – well, expensive.
The average Bunnings Warehouse salary ranges from approximately $49,000 per year for a Sales Floor Team Member to $140,875 per year for a Senior Software Engineer. The average Bunnings Warehouse hourly pay ranges from approximately $23 per hour for a Casual to $29 per hour for a Trade Specialist.
Information from the 2021 census, released by the Australian Bureau of Statistics (ABS) today, found that health care, retail, construction and education employed the most people across Australia.
In 2019, the average price of a second-hand vehicle sold in China was around 62,700 yuan, up from about 62,200 yuan in the previous year.
Is living in China safe? Yes, many expats, especially women, find living in China is much safer than in cities like London or New York. Street harassment and catcalling is virtually unheard of for foreigners, and streets tend to be well lit at night.