The Cost of Living in Yiwu: A Comprehensive Guide

Located in eastern China’s Zhejiang province, Yiwu is a small city that has been gaining popularity among expats looking to live and work in China. Known as China’s largest commodity wholesale market, Yiwu is famous for its small commodities trade and export business. But how affordable is it to live in this bustling city? In this blog post, we’ll dive deep into the cost of living in Yiwu.

Average Housing Costs in Yiwu

The cost of housing in Yiwu is relatively low compared to other major Chinese cities such as Beijing or Shanghai. A one-bedroom apartment in the city center can cost between 2,000 to 3,500 yuan per month, while a similar apartment outside the city center can range from 1,000 to 2,500 yuan per month. A three-bedroom apartment in the city center can cost between 4,500 to 8,000 yuan per month, while outside the city center it can range from 2,000 to 4,500 yuan per month. It is important to note that rental prices may vary depending on the location and the quality of the apartment.

Food Expenses in Yiwu

Yiwu has a wide variety of affordable dining options. A three-course meal for two at a mid-range restaurant can cost around 100 to 150 yuan, while a fast food meal at a local restaurant can cost around 20 to 30 yuan per person. If you prefer to cook at home, the price of groceries in Yiwu is also significantly lower than in larger Chinese cities. A liter of milk costs around 9 yuan, a dozen eggs 10 yuan, and a kilogram of rice 5 yuan.

Transportation Costs in Yiwu

Public transportation in Yiwu is inexpensive and relatively convenient. A one-way ticket on a local bus costs 1 to 2 yuan, while a taxi ride on average costs 8 yuan per kilometer. If you prefer to own a car in Yiwu, buying a small sedan can cost between 50,000 to 80,000 yuan depending on the brand and model.

Entertainment and Leisure Expenses in Yiwu

There are plenty of affordable entertainment and leisure activities in Yiwu. A movie ticket at a local theater costs around 40 yuan, a fitness club membership costs around 200 yuan per month, and visiting a local tourist attraction such as the Yiwu International Trade City costs around 50 to 80 yuan.

Utilities Expenses in Yiwu

Utilities expenses in Yiwu are significantly lower than in other Chinese cities such as Shanghai or Beijing. The average monthly cost of electricity, water, and gas for a standard apartment is around 600 to 800 yuan. High-speed internet service is available for around 100 to 150 yuan per month.

Conclusion

In conclusion, Yiwu is an affordable city to live in, with relatively lower costs compared to other major Chinese cities. The cost of housing, food, transportation, entertainment, utilities is very reasonable, which makes it an attractive option for expats and foreigners alike. Even if Yiwu is a small city, it offers plenty of opportunities and is definitely worth considering for those planning to live and work in China.

The Insider’s Guide to Yiwu, China

Yiwu is a city located in the eastern part of China, in the Zhejiang province. It is known for its bustling markets, rich history, and cultural heritage. If you are planning a trip to Yiwu, it is essential to know the cost of living in the city. This comprehensive guide will provide you with everything you need to know, including local attractions, dining spots, cultural experiences, local history, and off-the-beaten-path suggestions.

Local Attractions

Yiwu is home to several tourist attractions that are worth exploring. Here are a few of them:

Yiwu International Trade City

If you’re interested in shopping, Yiwu International Trade City is a must-visit spot. It is one of the largest wholesale markets in the world, with over 75,000 shops spread over an area of 4.5 million square meters. You can find a wide range of products, including electronics, clothing, household items, and more. If you are visiting Yiwu for business purposes, this trade center is the perfect spot to find high-quality products at affordable prices.

Xiuhu Lake Park

Xiuhu Lake Park is a beautiful park located in the city center. The park covers an area of 70 hectares and is surrounded by mountains, making it a tranquil location to relax and unwind. You can enjoy boat rides, fishing, and picnicking in the park. There are also several walking trails available, with stunning views of the lake.

Hengdian World Studios

Hengdian World Studios is the largest film studio in China, located about an hour’s drive from Yiwu. It has more than 360 sets that have been used to film popular Chinese movies and TV shows. There are also several tourist attractions inside the studio, such as a wax museum, a theme park, and a martial arts academy.

Dining Spots

Yiwu has some of the best street food and local cuisine in China. Here are a few dining spots to visit:

Yiwu Night Market

The Yiwu Night Market is the perfect spot to indulge in street food. You can find a range of local delicacies, such as Jianbing (Chinese crepes), roujiamo (Chinese hamburgers), and grilled seafood. The market is open every night and is a must-visit spot for foodies.

Jinhua Ham Restaurant

Jinhua Ham is a local specialty in Yiwu, and the Jinhua Ham Restaurant serves some of the best dishes made with this cured meat. The restaurant is located in Dongyang and is known for its traditional atmosphere and rich flavors.

Cultural Experiences

Yiwu has a rich cultural heritage that is reflected in its festivals, temples, and museums. Here are a few cultural experiences to add to your itinerary:

Hua Shan Ancient Village Tour

Hua Shan is an ancient Chinese village located about 20km from Yiwu. The village has preserved traditional architecture and customs, making it a great place to explore traditional Chinese culture. You can visit the classic theater and watch a local performance, walk around the streets, and enjoy the local cuisine.

Yiwu Museum

The Yiwu Museum is located in the city center and showcases the history and culture of the Yiwu region. The museum has a collection of more than 100,000 artifacts, including ancient pottery, jade, and silk.

Local History

Yiwu has a fascinating history that dates back to the Tang dynasty. The city has been a major trading center for centuries, and you can learn about its history by visiting these sites:

Fotang Ancient Town

Fotang Ancient Town is located in Pujiang County, about 40minute drive from Yiwu. It is said to be the birthplace of Pujiang County and has preserved historical features, including ancient streets and houses. It offers a glimpse into Yiwu’s fascinating history and is a great place to spend an afternoon.

Xiuhu Tombs

The Xiuhu Tombs are located near Xiuhu Lake and date back to the Eastern Han dynasty. The tombs have many ancient treasures, including pottery, jade, and bronze. The site is easily accessible from the city and is a great place to learn about Yiwu’s rich history.

Off-the-Beaten-Path Suggestions

If you are looking for something different and off-the-beaten-path, here are two suggestions:

Lanxi Red Rock Forest Scenic Area

The Lanxi Red Rock Forest Scenic Area is located about 50km from Yiwu and is home to some of the most beautiful landscapes in China. The area has magnificent red sandstone formations, waterfalls, and gorges. You can hike, climb, and explore the area’s unique beauty.

Yiwu Three Caves Scenic Area

The Yiwu Three Caves Scenic Area is located about 30km from Yiwu and is a great spot for nature lovers. The area has three caves, each with unique features, including stalactite formations and underground lakes. You can explore the cave system with a professional guide and see some of China’s most impressive underground wonders.

In conclusion, Yiwu is a beautiful city with a rich history and culture. It offers a variety of attractions, dining spots, cultural experiences, and off-the-beaten-path suggestions that are worth exploring. This comprehensive guide has everything you need to plan an unforgettable trip to Yiwu, China.