China Average Yearly Wages (2024)

FAQs

What is the average wage in China by year? ›

Wages in China averaged 16963.76 CNY/Year from 1952 until 2022, reaching an all time high of 114029.00 CNY/Year in 2022 and a record low of 445.00 CNY/Year in 1952.

China has lower average salary figures compared to other developed economies like the United States and Japan. The annual average wage of a typical Chinese employee is around 352,000 Yuan (USD 50,629). In this article, we'll delve into the numerous details of China's average salary.

In the U.S., you'll need $5.8 million. In Monaco, more than twice that.

Healthcare in China is free for Chinese citizens and Chinese permanent residents. If you're a foreigner with permanent resident status you may be able to access government supported public health insurance. If not, you'll need private health cover.

CNY 4,740 (or around $702) is the average monthly rent for a two-bedroom apartment in a big city like Beijing. The yearly rent is just $8,424, which is roughly four times cheaper than in the United States. Simply said, if you're trying to save money on housing, China is probably your best chance.

Cost of Renting in China: $300 – $500 per month

Well, over in China, you can pay as little as $300 and as much as $700 per month depending on where you live. The major cities will have the higher rents, while the outskirts of the city are much cheaper.

The most common definition currently seen in China is the scope set by the National Bureau of Statistics (NBS), which defines the “middle-income group” as a typical three-person household that earns between RMB 100,000 to RMB 500,000 (approx. US$14,844 to US$74,221 in 2022) per year.

Is $1000 a lot in China? ›

$1000usd is approximately 7000元, which for most parts of China would be equivalent to $7000usd of spending power. For the average Chinese this is a significant amount of money, for a poor person in rural China it can be life changing type of money.

While there is no definition of the middle class in China, the commonly used phrase of middle-income group is defined by the National Bureau of Statistics as a three-person household earning between 100,000 yuan (US$14,000) and 500,000 yuan a year.

Minimum wages in China continue to rise. As of February 19, 2024, Shanghai has the highest monthly minimum wage among 31 provinces (RMB 2,690/US$370 per month), and Beijing has the highest hourly minimum wage (RMB 26.4/US$3.7 per hour).

In 2000, the average income was just $760 per person. Of course, incomes vary greatly from region to region, with most of the wealthier residents residing in the cities.

As of 2022, average wages in China increased to114,029 yuan from 47,593 yuan in 2012.

Officially, wages are still growing in China. But after adjusting for inflation, incomes among urban households have been rising slower than China's overall economic growth over the past five years, government data shows.