Buying Real Estate
The price range of an apartment in the city center of Macau is US$5,201 to US$10,310 per square meter, while an apartment outside the city cost about US$4,000 to US$7,345 per square meter.
Rental prices for a one-bedroom apartment in the Macau city center range from US$515 to US$1,150 a month, and a three-bedroom apartment costs about US$1,160 to US$1,933 a month. A one-bedroom apartment outside the city ranges from US$580 to US$850 a month, while a three-bedroom apartment costs around US$1,160 to US$1,804 a month.
Utilities
Basic utility prices in Macau, which includes water, heating, garbage and electricity range from US$55 to US$85 a month. Rates of cable/ADSL internet connection with unlimited data and speed of 6Mbps range from US$25 to US$36 a month. Local, one-minute calls via prepaid mobile phone costs about US$0.13.
Food Consumption
Eating out in Macau at an inexpensive restaurant costs about US$5 to US$12 per meal, and a three-course meal for two at a mid-range restaurant costs approximately US$19 to US$50. Combo meals in McDonald’s and similar fast food chains cost about US$4. A regular, one-liter milk costs about US$1.74, a loaf of fresh white bread costs about US$1.10, a dozen eggs cost around US$1.97, one kilogram of local cheese costs about US$16.75, one kilogram of white rice costs about US$1.78, one kilogram of boneless chicken breasts costs about US$7.84, and a 1.5 liter of bottled water costs approximately US$1.06. Domestic beer costs about US$0.71, a bottle of mid-range wine costs about US$8.89, and imported beer costs about US$1.58.
Transportation
One liter of gasoline in Macau costs approximately US$1.53. A one-way ticket for a local transport costs about US$0.41, while a monthly regular pass costs US$22.55. Taxi fares in Macau start at US$1.88, with an additional US$0.97 for every kilometer ride.
Taxation
Macau is considered to be a tax haven due to tax rates which are very low compared to other countries in the world. All Macanese residents and non-residents, including foreign national workers, are liable to pay income tax in Macau. The income tax rate is on a sliding scale, starting from 0% up to 12%, depending on the income bracket of an employee. Property tax is paid by all residential, commercial and industrial property owners in Macau. Rates can be 6.3% if the tax value is the property rental value or 10.6% if the tax value is the actual income. Macau does not have capital gains tax, estate and gift taxes.
Currency 1 Mop (Patacas) = 0.13 US Dollar
| Restaurants | Avg. | Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 50.00 P | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 250.00 P | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 35.00 P | |
| Domestic Beer (0.5 liter draught) | 45.00 P | |
| Imported Beer (0.33 liter bottle) | 20.00 P | |
| Cappuccino (regular) | 32.42 P | |
| Coke/Pepsi (0.33 liter bottle) | 10.79 P | |
| Water (0.33 liter bottle) | 6.31 P | |
| Markets | ||
| Milk (regular), (1 liter) | 17.56 P | |
| Loaf of Fresh White Bread (500g) | 17.09 P | |
| Rice (white), (1kg) | 21.30 P | |
| Eggs (12) | 19.06 P | |
| Local Cheese (1kg) | 61.67 P | |
| Chicken Breasts (Boneless, Skinless), (1kg) | 48.40 P | |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | 56.46 P | |
| Apples (1kg) | 34.19 P | |
| Banana (1kg) | 10.00 P | |
| Oranges (1kg) | 18.00 P | |
| Tomato (1kg) | 11.47 P | |
| Potato (1kg) | 13.53 P | |
| Onion (1kg) | 12.00 P | |
| Lettuce (1 head) | 11.72 P | |
| Water (1.5 liter bottle) | 10.41 P | |
| Bottle of Wine (Mid-Range) | 65.10 P | |
| Domestic Beer (0.5 liter bottle) | 9.64 P | |
| Imported Beer (0.33 liter bottle) | 11.15 P | |
| Pack of Cigarettes (Marlboro) | 32.00 P | |
| Transportation | ||
| One-way Ticket (Local Transport) | 3.20 P | |
| Monthly Pass (Regular Price) | 150.00 P | |
| Taxi Start (Normal Tariff) | 17.00 P | |
| Taxi 1km (Normal Tariff) | 13.00 P | |
| Taxi 1hour Waiting (Normal Tariff) | 120.00 P | |
| Gasoline (1 liter) | 11.67 P | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 210,000.00 P | |
| Utilities (Monthly) | ||
| Basic (Electricity, Heating, Water, Garbage) for 85m2 Apartment | 727.40 P | |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 0.34 P | |
| Internet (10 Mbps, Unlimited Data, Cable/ADSL) | 193.01 P | |
| Sports And Leisure | ||
| Fitness Club, Monthly Fee for 1 Adult | 1,375.70 P | |
| Tennis Court Rent (1 Hour on Weekend) | 50.00 P | |
| Cinema, International Release, 1 Seat | 90.00 P | |
| Clothing And Shoes | . | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 550.00 P | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 340.67 P | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 805.02 P | |
| 1 Pair of Men Leather Business Shoes | 1,000.00 P | |
| Rent Per Month | ||
| Apartment (1 bedroom) in City Centre | 8,451.78 P | |
| Apartment (1 bedroom) Outside of Centre | 6,578.50 P | |
| Apartment (3 bedrooms) in City Centre | 17,790.46 P | |
| Apartment (3 bedrooms) Outside of Centre | 14,923.37 P | |
| Buy Apartment Price | ||
| Price per Square Meter to Buy Apartment in City Centre | 74,614.66 P | |
| Price per Square Meter to Buy Apartment Outside of Centre | 85,937.60 P | |
| Salaries And Financing | ||
| Average Monthly Disposable Salary (Net After Tax) | 14,491.29 P | |
| Mortgage Interest Rate in Percentages (%), Yearly | 3.58 |