“Living Standards across U.S. Metropolitan Statistical Areas.” Presentation, Oct. 6, 2017. Therefore, the cost of living can vary greatly across China. https://www.stlouisfed.org/.../2018/january/income-living-standards-china All countries have been divided into ranked categories based on their average IQ scores. This is a list of the first-level administrative divisions of the People's Republic of China (PRC), including all provinces, autonomous regions and municipalities, in order of their total disposable income per capita in 2014. Hong Kong SAR, and Macau SAR are excluded. Trends in wages decreased by -100.0 percent in Q4 2020. China’s Gross National Income (GNI) per capita has grown more than ten-fold since 2000, reaching $10,410 in 2019. Housing Federal Reserve USD$9308.15). Top 10 Provinces/Municipalities by Personal Disposable Income The average starting salary for the class of 2020 at all universities was 63,480 yuan per year, according to an annual report by zhaopin.com, one of China's biggest online job-hunting platforms. Inflation Decades of economic development have fueled a massive increase in incomes in China. China’s per capita disposable income, which refers to the sum of household expenditure and savings, grew 4.7 percent in 2020 from the year before to CNY32,189 (USD4,980), or a gain of 2.1 percent after adjusting for inflation. Do you live in Kunming? It was a great experience to secure jobs in cities like Beijing, Tianjin, Suzhou, Shanghai, Guangzhou, Shenzhen, etc. Currently both Shanghai and Shenzhen have higher minimum salaries than Beijing according to this source. The average salary in China differs between city and province. Wages in China averaged 13074.47 CNY/Year from 1952 until 2019, reaching an all time high of 93383 CNY/Year in 2019 and a record low of 445 CNY/Year in 1952. The latest data on the per capita disposable income for 31 of China’s provincial administrative units indicates that Shanghai, Beijing and Zhejiang province are the three wealthiest regions in the country, with the figure for Shanghai coming in at 58,987.96 yuan (approx. By Yi Wen, Assistant Vice President and Economist, and Brian Reinbold, Research Associate. On the face of it that seems a somewhat promising figure. While Beijing has a minimum salary above the average for the country, it is not the highest in the country. List of top international rankings by country, https://en.wikipedia.org/w/index.php?title=List_of_Chinese_administrative_divisions_by_disposable_income_per_capita&oldid=917933215, Ranked lists of Chinese administrative divisions, Creative Commons Attribution-ShareAlike License, This page was last edited on 26 September 2019, at 05:35. This is the average monthly salary including housing, transport, and other benefits. The city of Shanghai tops others with an average monthly salary of about $1130, followed by Beijing with $980, and Shenzhen with $940. Monthly Data; Quarterly Data; Annual Data; Census Data The figure represents a 2.1-percent year-on-year increase in real terms after deducting price factors, said Fang Xiaodan, an official with the National Bureau of Statistics. The Rise of China’s Middle Class . This level of growth is fairly standard when comparing average salaries on a year-by-year basis. The figure suggests that the high average income enjoyed by Beijing and Shanghai does not necessarily translate into high living standards because the cost of living was also extremely high in these two cities. Why, and What Effects Could This Have? Households' Income . Introduction . (2018) On Income Inequality within China’s Provinces. Minimum wages in China continue to grow. For media-related questions, email mediainquiries@stls.frb.org. Minimum Salary in Beijng, China. Disposable income is a person’s total income less taxes. Wages in China averaged 13074.47 CNY/Year from 1952 until 2019, reaching an all time high of 93383 CNY/Year in 2019 and a record low of 445 CNY/Year in 1952. Since a large share of income is typically spent on housing, living standards can be greatly affected (adversely) by housing prices. The average index was 2.8 and the median was 2.9. Average wages for 48 cities across China – from Guangzhou to Qingdao, Beijing to Luoyang. By 2019 , the per capita GDP of mainland China exceeded US$10,000, of which Beijing and Shanghai exceeded US$22,000, Jiangsu was nearly US$18,000, Zhejiang and Fujian … The figure represents a 2.1-percent year-on-year increase in real terms after deducting price factors, said Fang Xiaodan, an official with the National Bureau of Statistics. Although quite interesting, these data nonetheless do not reveal the inequalities across households within each province in China and across the nation. I had a good number of jobs in China (not an exaggeration). The following figure shows our provincial housing price index. province-wide (rather than national) average earnings. We see that housing prices in most provinces did not deviate greatly from the median, but housing prices in Beijing and Shanghai were nearly five times the median and over eight times the lowest housing price regions. This page provides - China Average Yearly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. We adjusted the average city price index within each province by each respective provincial CPI and used this number as a measure of the real cost of living. province variation to investigate the relationship between poverty rates and residential energy consumption, controlling for the average consumption expenditure.1 In spite of tremendous overall reductions, China’s poverty alleviation has been uneven, so we observe reasonable variation in income distributions across provinces and over time. A person working in Fujian typically earns around 28,400 CNY per month. The average salary among 32 major cities in China stands at 6,070 yuan ($922.64) for job vacancies posted online for the winter of 2015, with Beijing topping the list at 9,227 yuan, followed by Shanghai (8,664 yuan) and Shenzhen (7,728 yuan), thepaper.cn reported according to online data released by zhaopin.com, a leading job hunting website. There is a range of average IQ scores across the globe. We used a housing price index of over 100 Chinese cities to construct a provincial housing price index. For the world as a whole, average real per capita GDP was $20,055.65, while the median figure was $12,981.40. While the provinces of Qinghai and Fujian had announced their 2020 minimum wage increase last year, Guangxi is the only province to announce and implement an increase to their statutory wage after the coronavirus outbreak. Indeed, the figure shows that income was significantly skewed toward a few provinces. In this post, we’ll look at a few of them to analyze income and living standards across China. Though some provinces may have high costs of living, often these areas will also have high salaries that ensure Canadians can live a comfortable life. Here you can query, map, compare, chart and summarize key climate-related information. China’s National Bureau of Statistics has released new data on per capita disposable income by province. A person working in Jiangsu typically earns around 31,600 CNY per month. Salaries vary drastically between different careers. 10 province-level administrative entities posted per capita disposable income levels above 30,000 yuan, while Shanghai and Beijing topped the list with figures over twice the national average. It wouldn’t make any of these households rich, or even lower-middle class by American standards, but it would be quite a leap forward from where they started. Select a category With an earned Doctorate Degree, they grosses CA$ 112,531. 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