Skip to main content

Key Facts: Hong Kong vs Turks and Caicos Islands Wages

Hong Kong Minimum Wage
HK$42.10/hr ($5.37 USD)
Turks and Caicos Islands Minimum Wage
$8/hr
Hong Kong Avg. Gross Monthly Salary
HK$20,500 /mo ($2,615.76 USD)
Data Sources
Minimum Wage Commission / Census and Statistics Department, HKSAR; current rate verified via Wikipedia List of countries by minimum wage (eff 2025-05-01) (2026-05-04), TC Weekly News — Minimum Wage Increase (2026-05-04)

Hong Kong flag Hong Kong Turks and Caicos Islands flag Turks and Caicos Islands

Updated 2026-05-04

Hong Kong flag Hong Kong

Minimum Wage

HK$42.10 /hr

$5.37 USD

Avg. Gross Salary

HK$20,500 /mo

Turks and Caicos Islands flag Turks and Caicos Islands

Minimum Wage

$8 /hr

Min wage: -33% Hong Kong vs Turks and Caicos Islands

Both high-income economies, Hong Kong and Turks and Caicos Islands set comparable minimum wage floors in USD terms.

Detailed Comparison

Detailed wage comparison between Hong Kong and Turks and Caicos Islands
Metric Hong Kong Turks and Caicos Islands
Minimum wage /hr HK$42.10 $5.37 $8
Minimum wage /mo HK$7,297 $931.08 $1,386.67
Minimum wage /yr HK$87,568 $11,173.52 $16,640
Avg. gross salary /mo HK$20,500 /mo $2,615.76 N/A/mo
Avg. net salary /mo HK$19,475 /mo $2,484.98 N/A/mo
Median individual income /yr HK$246,000 /yr $31,389.16 N/A/yr

Percentage differences are based on USD equivalent values. Positive means Hong Kong is higher.

Work Week

Hong Kong

hrs/wk standard

Hong Kong has NO statutory standard working hours or maximum working hours for most employees (a rare situation globally). The government has considered legislation but has not enacted a standard hours law. Working hours are determined by individual employment contracts. Average actual working hours are ~40-44 hrs/week. Overtime pay is not legally mandated except for certain specific occupations.

Turks and Caicos Islands

40 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.5x pay

Standard workweek is 40 hours under the Employment Ordinance.

• WAGE TRAJECTORY (USD/hr)

Hong Kong Turks and Caicos Islands Source: wage.is · USD equivalent/hr

What This Means for Workers

A minimum wage worker in Hong Kong earns 49% less per hour in USD terms than one in Turks and Caicos Islands.

See this comparison from Turks and Caicos Islands's perspective: Turks and Caicos Islands vs Hong Kong

Compare Hong Kong with...

United States flag Hong Kong vs United States $ 7.25 /hr China flag Hong Kong vs China ¥ 25 /hr Germany flag Hong Kong vs Germany € 13.9 /hr United Kingdom flag Hong Kong vs United Kingdom £ 12.71 /hr India flag Hong Kong vs India ₹ 4,576 /mo Japan flag Hong Kong vs Japan ¥ 1,121 /hr France flag Hong Kong vs France € 12.02 /hr South Korea flag Hong Kong vs South Korea ₩ 10,320 /hr Canada flag Hong Kong vs Canada C$ 18.1 /hr Australia flag Hong Kong vs Australia A$ 24.95 /hr Brazil flag Hong Kong vs Brazil R$ 7.37 /hr Russia flag Hong Kong vs Russia ₽ 156.31 /hr Mexico flag Hong Kong vs Mexico MX$ 9,583.52 /mo Indonesia flag Hong Kong vs Indonesia Rp 33,058 /hr Netherlands flag Hong Kong vs Netherlands € 14.71 /hr Saudi Arabia flag Hong Kong vs Saudi Arabia ﷼ 23.08 /hr Turkey flag Hong Kong vs Turkey ₺ 164.94 /hr Taiwan flag Hong Kong vs Taiwan NT$ 190 /hr Switzerland flag Hong Kong vs Switzerland Poland flag Hong Kong vs Poland zł 31.4 /hr Thailand flag Hong Kong vs Thailand ฿ 10,400 /mo Sweden flag Hong Kong vs Sweden Argentina flag Hong Kong vs Argentina ARS 1,762 /hr Singapore flag Hong Kong vs Singapore

Frequently Asked Questions

Is the minimum wage higher in Hong Kong or Turks and Caicos Islands?

In Hong Kong, the minimum wage is HK$42.10/hr ($5.37 USD). In Turks and Caicos Islands, it is $8/hr. Turks and Caicos Islands has the higher rate by 49% in USD terms. That nominal gap does not account for local prices; see the purchasing power comparison below for a cost-of-living-adjusted view. Workers in Hong Kong may retain a larger share of their earnings if prices there are lower.