Average Beijing Salary
The average Beijing salary for many industries is higher than in other cities around the world. According to a salary report from The Beijing Center for Economic Research (BCER), the average monthly salary for Beijing employees was RMB 8,618 in 2019. Salaries vary greatly depending on the industry, job role, and the amount of experience and qualifications a person holds. In addition, regional wage levels and wage inequality have been increasing in recent years, meaning that those in certain fields or with certain backgrounds can earn significantly more than the average.
The highest-paying industries in Beijing in 2019 were banking and finance (RMB 11,749), IT (RMB 11,056), and construction (RMB 10,973). However, the average salary in the city as a whole was lower than in many other cities around the world. For example, Shanghai has an average monthly salary of RMB 9,086, while Tokyo has an average monthly salary of RMB 11,018.
The average salary in Beijing also varies depending on job role and experience. For example, junior engineers earn a median salary of RMB 6,000, while senior engineers earn a median salary of RMB 10,000. Meanwhile, entry-level employees make around RMB 4,200, while experienced professionals can make up to RMB 15,000. Salaries for foreign workers also vary, with expats typically earning higher salaries than local workers.
The average monthly salary for Beijing employees is higher than in many cities around the world, but the cost of living is also high. Beijing is one of the most expensive cities in the world, with a Consumer Price Index (CPI) of 128.5 in 2019. This means that goods and services cost 28.5% more in Beijing than the average for all Chinese cities.
For those working in Beijing, the average monthly salary is not enough to cover all the costs associated with everyday life. Rent and transportation costs are especially high, as are food and other leisure expenses. As a result, many Beijing residents are unable to save much of their income.
The average Beijing salary is still significantly higher than in many other parts of the world, particularly in rural areas. For example, the average rural Chinese salary is RMB 4,640, while the average salary in the United States is RMB 8,700. As such, Beijing has become an attractive destination for many workers looking to make a better living.
Those looking to move to Beijing in pursuit of a higher salary should research their potential industry and job role carefully. Employers in Beijing often ask for higher qualifications and experience than those in other parts of the country, and salaries vary greatly depending on one’s education and experience.
In addition, it is important to research the cost of living in the city before making any decisions. Prices for goods and services can be much higher than in other parts of the country, and this should be taken into consideration when calculating whether or not the salary being offered is sufficient.
Overall, the average Beijing salary is higher than in many cities around the world. However, it is important to research salary levels, job roles, and cost of living expenses before making any decisions. With the right research, those looking to make a move to Beijing can find a job and salary that fits their lifestyle.