How expensive is it to live in Shanghai?

The cost of living in Shanghai is quite affordable as long as you know where to look. Although the city is known to be one of the most expensive cities in the world, it’s possible to find affordable accommodation and other living expenses if you look in the right places. Rent is probably what will take up most of the cash when living in Shanghai. Renting a one-bedroom apartment in a nice area of the city will usually set you back somewhere between 6,000 and 8,000 RMB ($900-$1200 USD) per month. For a slightly larger two-bedroom apartment in a slightly nicer area, expect to pay somewhere between 8,000 and 13,000 RMB ($1200-$2000 USD) depending on the location and age of the building. And if you’re looking for more luxury, you could end up paying more than 15,000 RMB ($2200 USD) per month. Utilities, such as electricity and water, don’t cost much in Shanghai – usually around 500-700 RMB ($75-$105 USD) per month. Of course, this will depend on how much you use and your actual apartment. High-speed internet will set you back around 200-300 RMB ($30-$45 USD) per month. If you’re looking for food, dining options in Shanghai range from very affordable to luxurious. Eating at a nice restaurant with drinks will probably cost around 200 RMB ($30 USD) per person, while for a more budget option, heading to a street market stall or local food shop have dishes for around 18-30 RMB ($3-$5 USD). Public transportation is really cheap and convenient in Shanghai. A single bus or metro ticket will cost you only 3-5 RMB ($0.45-$0.75 USD). But if you plan on using the metro frequently, you might want to buy a one-month or three-month ticket which will give you various discounts and make your trips even cheaper. Shanghai also has a great nightlife scene and there’s something available for all budgets. Going to a local cheaper pub or bar will probably only cost around 50-100 RMB ($7.50-$15 USD), while if you’re looking for more upscale places like clubs, you could easily end up spending 500 RMB ($75 USD) per night. If you plan on living in Shanghai for a long time, it would be wise to have some sort of health insurance. The cost of medical attention in Shanghai can vary greatly – from very inexpensive to extremely expensive – depending on what kind of medical care you’re looking for. But generally speaking, you can expect to pay around 200-500 RMB ($30-$75 USD) per month for health insurance that includes situations like emergency hospital visits, medications and treatments. All this being said, living in Shanghai can be quite affordable depending on your lifestyle and what kind of needs you have. The city might be one of the most expensive cities in the world, but it’s definitely possible to live here without breaking your bank account as long as you know where to look and how to save money. There’s plenty of free activities, cheap dining options and conveniently located public transportation that help keep your expenses low while still being able to enjoy the vibrant atmosphere that Shanghai has to offer. For more information on budgeting while living in Shanghai, check out this article which explains things like what taxes expats have to pay, important things to consider for housing and commodities, and money-saving tips for entertainment and nightlife.

Insider’s Guide to Living in Shanghai

Shanghai is the most populated city in China and is famous for its modern architecture, breathtaking skyline, and vibrant lifestyle. This megacity is known as the financial capital of China and has rapidly risen as a global center for technology, trade, and finance. With its blend of culture and modernity, Shanghai is a must-visit destination for anyone traveling to China. In this insider’s guide, we’ll dive into the local attractions, dining spots, cultural experiences, local history, and off-the-beaten-path suggestions to make your stay in Shanghai worthwhile.

Exploring Local Attractions

1. The Bund – A visit to Shanghai is incomplete without exploring the iconic waterfront promenade- The Bund. This 1.5-km-long street builds an iconic skyline of Shanghai and offers a great view of the city’s modern architecture. There are plenty of shops, restaurants, and cafes in the area, making it a great place to relax while marveling at the picturesque view.

2. The Yuyuan Garden – This 400-year-old garden is one of Shanghai’s most charming green spaces, preserving the ancient art of Chinese gardening with its maze-like rock formations, serene ponds, and vibrant red bridges. It’s an excellent place to find peace from the bustling city.

3. Shanghai Tower – Visit the world’s second-tallest building – The Shanghai Tower. The observation deck of the tower offers one of the most magnificent views of the city, and it is an excellent place to visit during the sunset.

4. Shanghai Disneyland – If you enjoy theme parks, you’ll enjoy Shanghai Disneyland, packed with fun activities.

Dining Spots

1. Din Tai Fung – This restaurant chain originated in Taipei and offers the best steamed soup dumplings in the city.

2. Lost Heaven on The Bund – It is an ideal place to explore traditional Chinese cuisine with a modern twist.

3. Meilongzhen Shanghai – This restaurant specializes in authentic Shanghainese cuisine, and the atmosphere will transport you back to old Shanghai.

4. Zhang Xiao Quan – Serving one of the best La Mian noodles in the city, this restaurant’s longevity is a testament to its quality.

Cultural Experiences

1. Temple of The Jade Buddha – It is one of Shanghai’s most revered temples, with a rich history that dates back to 1882. The temple is home to the country’s largest jade Buddha statue, and the temple’s serene environment offers an escape from the city’s noise.

2. Shanghai Circus World – Witness the awe-inspiring performances of China’s top acrobats.

3. Shanghai Museum – This museum houses some of China’s most exquisite works of art, including paintings, sculptures, and ceramics.

4. Tianzifang – It is an artsy, bohemian district in Shanghai, characterized by narrow alleyways filled with artists’ studios, boutiques, cafes, and arts and crafts shops.

Local History

1. Jewish Refugees Museum – This museum tells the story of Jewish refugees who fled Nazi Germany to seek refuge in Shanghai.

2. Shanghai French Concession – A visit to the French Concession will give you a glimpse of Shanghai’s colonial past. It is a mix of France and China, featuring stunning colonial architecture, embassies, and parks.

3. Shanghai Old Street – Located in the Yu Garden area, it is one of Shanghai’s most famous streets. The street has many shops selling traditional Chinese items, and the architecture around has a unique charm that will remind you of old China.

Off-the-Beaten-Path Suggestions

1. Go on a food tour to experience local dishes, such as Sheng Jian Bao, Xiao Long Bao, or Jianbing.

2. Take a day trip to Zhujiajiao, a quaint water town located outside Shanghai. It’s the perfect place to find a sense of calm and explore the canal-lined streets.

3. Street Art – Go on an adventure to find Shanghai’s hidden street art, which can be found in unexpected locations.

4. Explore Shanghai’s Markets – From food markets to antique markets, Shanghai has a lot to offer. Check out the Old City God Temple Market for unique local merchandise.

Conclusion

Shanghai is a city that offers a unique experience – a combination of the traditional and modern, making it a favorite destination for travelers. With this insider’s guide, you now have plenty of ideas to fill your itinerary, including the best attractions, dining spots, cultural experiences, local history, and off-the-beaten-path suggestions. So, pack your bags and get ready to explore one of China’s most vibrant cities.