Found the information, been learning some basic Chinese. Hefengyuan in downtown Shanghai is 2900-3300 yuan (400 usd) a month for a 1 bedroom, 1 living room, 1 kitchen and 1 bath apartment of 44 square meters. For a dormitory/studio apartment one bedroom of 29-39 meters, it is 1500-2000 yuan (200 usd) a month. Per capita disposable income in Shanghai is 79,000 yuan, so it is likely these public housing units are designed to attract rural people to move to a more central location in order to increase wealth.
There are no limitations on who can apply to be in the public housing other than citizenship, a writ of disability or hardship, and/or local employment from what I can tell. There is a lot of jargon that I ran into a translator and it makes me scratch my head. It is very easy to get employment in China so thats neat
Im pretty sure that is yearly disposable income, but yes, it is much better than where I live currently. That means about 7000 yuan a month, and a cheap apartment is 2000-3000 yuan a month. My apartment takes up more than that by a long shot (average income for local area is about 35k USD, apartment costs 29k USD a year, and this is one of the cheapest I could find). Should be noted that 82% of the Shanghai population owns a home (up from 36% in 1997), so these sorts of public housing units are almost certainly designed to be a temporary measure for poorer migrants that are new to the city and have employment lined up. And considering that the home ownership rate is going up, whatever the CPC is doing is working.
Shanghai's minimum wage is the highest in China (its region based), they get 2,590 yuan (400 usd) a month. Should be noted that they do have reduced prices based on need but I am unable to decipher what that tallies out to. So at minimum they can afford a studio apartment for half their wage with zero programs.
Shanghai is probably the easiest city in China to find international info on btw, a lot of expats there
They also regularly raise minimum wage, as regions are encouraged to compete with each other to draw more rural people in. From what I can tell they raise the wage every year / every other year
Found the information, been learning some basic Chinese. Hefengyuan in downtown Shanghai is 2900-3300 yuan (400 usd) a month for a 1 bedroom, 1 living room, 1 kitchen and 1 bath apartment of 44 square meters. For a dormitory/studio apartment one bedroom of 29-39 meters, it is 1500-2000 yuan (200 usd) a month. Per capita disposable income in Shanghai is 79,000 yuan, so it is likely these public housing units are designed to attract rural people to move to a more central location in order to increase wealth.
There are no limitations on who can apply to be in the public housing other than citizenship, a writ of disability or hardship, and/or local employment from what I can tell. There is a lot of jargon that I ran into a translator and it makes me scratch my head. It is very easy to get employment in China so thats neat
2000 = 2.53% of 790004000 = 5.06% of 79000Absolutely incredible level of affordability if that is the income you can expect to have for the area. Comparable with the Soviet Union even.Im pretty sure that is yearly disposable income, but yes, it is much better than where I live currently. That means about 7000 yuan a month, and a cheap apartment is 2000-3000 yuan a month. My apartment takes up more than that by a long shot (average income for local area is about 35k USD, apartment costs 29k USD a year, and this is one of the cheapest I could find). Should be noted that 82% of the Shanghai population owns a home (up from 36% in 1997), so these sorts of public housing units are almost certainly designed to be a temporary measure for poorer migrants that are new to the city and have employment lined up. And considering that the home ownership rate is going up, whatever the CPC is doing is working.
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Oh lmao I never thought to check what the conversion was. Yeah that's a lot more. Edited.
how much is the monthly minimum wage worth in china? idk anything about the details of china at all
Shanghai's minimum wage is the highest in China (its region based), they get 2,590 yuan (400 usd) a month. Should be noted that they do have reduced prices based on need but I am unable to decipher what that tallies out to. So at minimum they can afford a studio apartment for half their wage with zero programs.
Shanghai is probably the easiest city in China to find international info on btw, a lot of expats there
thank you for the information
They also regularly raise minimum wage, as regions are encouraged to compete with each other to draw more rural people in. From what I can tell they raise the wage every year / every other year
Damn, SH is expensive if this is considered cheap
considering its downtown im impressed. in america thats pretty much impossible to have a lower income affordable place downtown