Starting fund amounts for 1st time Expat?

R_Mortisse

Member

Member since 05 December 2017

Shanghai

R_Mortisse

09 December 2017 00:47:15

R_Mortisse

09 December 2017 00:47:15

Shanghai

For a first time Expat, moving to Hangzhou from the USA, what would be a good amount of money to make the move with? Why so? And, in your own experiences, what was the most expensive aspect of the move?

VANNROX

China expert

Member since 12 August 2017

VANNROX

10 December 2017 01:26:04

632

VANNROX

10 December 2017 01:26:04

632

I moved to ShenZhen in 2004. I had $5000. That was enough to get a apartment and pay for a number of months. Buy a new set of clothes, and eat out and drink for at least two months.

I found a job teaching and I was up on my feet in no time.

I would suggest that you have at least $1,000 in USD. That will be around 60,000 RMB and you will be just fine. Apartments will require first last and a deposit just like int he states. If the apartment is a very nice one, in a major first tier city then your rent with utilities could run you 5000 RMB. You will need around 12,000 RMB to get the apartment set up.

Good luck.

jirou

Member

Member since 25 September 2016

Shanghai, Shanghai Shi

jirou

29 March 2018 03:32:11

jirou

29 March 2018 03:32:11

Shanghai, Shanghai Shi

I began in Shanghai in 2011.(wow) with 1000$
i was able to get an interest free loan from my school to help set up an apartment that i was able to slowly repay over 4 months.
Since i came with a job already in hand.. my first pay was 1 month after i arrived... 1000$ was more than enough then..
now i recommend a bit more but if you're careful and don't live it up before payday you'll be ok.. most schools and learning centers help with loans to get started.

Find more topics on the Hangzhou forum

Articles to help you in your expat project in Hangzhou