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Shanghai Market Data

Explore compensation benchmarks, tax liabilities, and cost of living adjustments for professionals in Shanghai.

About Shanghai

China’s commercial capital with multinational HQs, venture capital, and generous expatriate packages.

Shanghai represents a primary financial and business hubin China, attracting professionals from around the world. The city's strategic location, business-friendly environment, and quality of life make it an attractive destination for career growth and wealth accumulation.

Key Market Indicators

Cost of Living
98

Index score (100 = global average)

Rent Index
74

Housing cost indicator

Median Income
¥56,500

Estimated professional median

Tax System in China

China’s IIT system applies monthly progressive brackets with standard deductions. Social insurance and housing fund contributions vary by city but materially lower net pay.

Example Calculation

For a professional earning ¥56,500 annually in Shanghai:

Gross Income
¥56,500
Net Income
¥50,285
Tax Rate
11.0%
Monthly Take-Home
¥4,190

Popular Salary Benchmarks

Explore compensation data for key roles in Shanghai

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Frequently Asked Questions

What is the cost of living in Shanghai?
Shanghai has a cost of living index of 98 and a rent index of 74, making it one of the more expensive cities globally. Housing costs are particularly high, with prime districts commanding premium rents.
How does the tax system work in China?
China’s IIT system applies monthly progressive brackets with standard deductions. Social insurance and housing fund contributions vary by city but materially lower net pay.
What is a good salary in Shanghai?
For professionals in Shanghai, we estimate the median income at approximately ¥56,500. A salary above this level provides comfortable living standards, while salaries significantly below may require careful budgeting, especially for housing in prime districts.
What industries are strongest in Shanghai?
Shanghai is a major business hub with strong presence across multiple sectors. The city's status as a financial and technology center attracts professionals from various industries, with particularly strong opportunities in finance, technology, and professional services.