Key Facts: Turks and Caicos Islands vs Hong Kong Wages
- Turks and Caicos Islands Minimum Wage
- $8/hr
- Hong Kong Minimum Wage
- HK$42.10/hr ($5.37 USD)
- Hong Kong Avg. Gross Monthly Salary
- HK$20,500 /mo ($2,615.76 USD)
- Data Sources
- TC Weekly News — Minimum Wage Increase (2026-05-04), 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)
Turks and Caicos Islands 
Hong Kong
Updated 2026-05-04
Turks and Caicos Islands Minimum Wage
$8 /hr
Both high-income economies, Turks and Caicos Islands and Hong Kong set comparable minimum wage floors in USD terms.
Detailed Comparison
| Metric | Turks and Caicos Islands | Hong Kong |
|---|---|---|
| Minimum wage /hr | $8 | HK$42.10 $5.37 |
| Minimum wage /mo | $1,386.67 | HK$7,297 $931.08 |
| Minimum wage /yr | $16,640 | HK$87,568 $11,173.52 |
| Avg. gross salary /mo | N/A/mo | HK$20,500 /mo $2,615.76 |
| Avg. net salary /mo | N/A/mo | HK$19,475 /mo $2,484.98 |
| Median individual income /yr | N/A/yr | HK$246,000 /yr $31,389.16 |
Percentage differences are based on USD equivalent values. Positive means Turks and Caicos Islands is higher.
Work Week
- 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.
- 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.
• WAGE TRAJECTORY (USD/hr)
What This Means for Workers
A minimum wage worker moving from Hong Kong to Turks and Caicos Islands would see a 49% increase in USD-equivalent hourly earnings.
See this comparison from Hong Kong's perspective: Hong Kong vs Turks and Caicos Islands
Compare Turks and Caicos Islands with...
Turks and Caicos Islands vs United States $ 7.25 /hr 
Turks and Caicos Islands vs China ¥ 25 /hr 
Turks and Caicos Islands vs Germany € 13.9 /hr 
Turks and Caicos Islands vs United Kingdom £ 12.71 /hr 
Turks and Caicos Islands vs India ₹ 4,576 /mo 
Turks and Caicos Islands vs Japan ¥ 1,121 /hr 
Turks and Caicos Islands vs France € 12.02 /hr 
Turks and Caicos Islands vs South Korea ₩ 10,320 /hr 
Turks and Caicos Islands vs Canada C$ 18.1 /hr 
Turks and Caicos Islands vs Australia A$ 24.95 /hr 
Turks and Caicos Islands vs Brazil R$ 7.37 /hr 
Turks and Caicos Islands vs Russia ₽ 156.31 /hr 
Turks and Caicos Islands vs Mexico MX$ 9,583.52 /mo 
Turks and Caicos Islands vs Netherlands € 14.71 /hr 
Turks and Caicos Islands vs Saudi Arabia ﷼ 23.08 /hr 
Turks and Caicos Islands vs Turkey ₺ 164.94 /hr 
Turks and Caicos Islands vs Switzerland 
Turks and Caicos Islands vs Poland zł 31.4 /hr 
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Turks and Caicos Islands vs Israel ₪ 35.4 /hr Frequently Asked Questions
Is the minimum wage higher in Turks and Caicos Islands or Hong Kong?
In Turks and Caicos Islands, the minimum wage is $8/hr. In Hong Kong, it is HK$42.10/hr ($5.37 USD). 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.