Salary Equivalence

Tokyo vs Guangzhou

Quick answer
¥120,000 in Tokyo ≈ ¥91,396 in Guangzhou

Salary equivalence calculator

¥91,396

Price-level ratio 0.762. Adjust to recalculate.

MetricTokyoGuangzhouDifference
Price level index (NYC=100)70.954.0-23.8%
Rent index (NYC=100)45.142.0-6.9%
Equivalent of ¥120,000¥120,000¥91,396cheaper
  • Guangzhou is about 24% cheaper than Tokyo, so the same lifestyle costs less.

How far does your salary go in Guangzhou?

Moving from Tokyo to Guangzhou changes your cost of living in ways a currency conversion can't capture. What matters is purchasing power: how much the same basket of housing, food, transport and services costs in each place. On our index, where New York City = 100, Tokyo sits at 70.9 and Guangzhou at 54.0.

That makes Guangzhou roughly 24% cheaper. A salary of ¥120,000 in Tokyo translates to about ¥91,396 in Guangzhou. Above that and you gain in real terms; below it and you take an effective pay cut.

Housing drives the gap

Rent is the largest and most variable line in most budgets. Guangzhou's rent index is 42.0 versus Tokyo's 45.1.

Common mistakes

  • Converting currency instead of purchasing power.
  • Ignoring taxes, which vary by jurisdiction.
  • Forgetting one-off relocation costs.

Bottom line

Guangzhou is about 24% cheaper than Tokyo, so the same lifestyle costs less. Use the calculator to plug in your real salary and compare against any concrete offer.

Rent equivalence: Tokyo vs Guangzhou

¥1,863

Based on the rent-index ratio of 0.931 (Tokyo 45.1 vs Guangzhou 42.0, NYC = 100).

Housing is usually the biggest single difference between two cities, and it moves independently of the overall price level. Renting the equivalent home in Guangzhou costs about 7% less than in Tokyo. Enter your actual rent above to see what a like-for-like place would cost after you move — a more honest gauge of affordability than a raw salary conversion, since renters and owners feel very different impacts.

Frequently asked questions

What salary do I need in Guangzhou to match Tokyo?

To keep the same standard of living as ¥120,000 in Tokyo, you would need roughly ¥91,396 in Guangzhou, a price-level ratio of 0.76.

Is Guangzhou more expensive than Tokyo?

No, it is about 24% cheaper overall.

How much is rent in Guangzhou compared to Tokyo?

Rent in Guangzhou is about 7% lower than in Tokyo (rent indices 45.1 vs 42.0, NYC = 100). Use the rent calculator on this page for your exact figure.

How is the equivalent salary calculated?

We multiply your salary by the ratio of the two cities' composite price-level indices (housing, food, transport, services), benchmarked so New York City = 100.

Methodology

We build a composite price-level index for each city from official regional price parities and international purchasing-power parities across housing, food, transport and services, normalized so New York City = 100. The equivalent salary is your salary multiplied by the ratio of the destination index to the origin index. It estimates the income needed to hold real purchasing power constant and does not model taxes.

DE
Dr. Elena Vasquez
Lead Economist, Cost-of-Living Research

Elena holds a PhD in Economics and has spent 12 years modelling purchasing-power parity and regional price indices.

PhD Economics, LSEFormer OECD statistics fellow
✓ Reviewed by Priya Nair, Data Quality Reviewer.
Last updated 2026-06-01
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