Shanghai vs Shenzhen
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Shanghai vs Shenzhen
Shenzhen is 13% more affordable for homebuyers. Shanghai has a price-to-income ratio of 18.5x compared to 20.5x in Shenzhen.
| Metric | Shanghai | Shenzhen |
|---|---|---|
| Avg Home Price | $550,000 | $480,000 |
| Price / sqm | $10,500 | $9,200 |
| Rent (1BR) | $1,200/mo | $1,000/mo |
| Rent (3BR) | $2,200/mo | $1,800/mo |
| Price-to-Income | 18.5x | 20.5x |
| Mortgage Rate | 4.2% | 4.2% |
| 1yr Change | -2.8% | -4.5% |
| Median Income | $30,000/yr | $23,000/yr |
| Population | 28,500,000 | 17,500,000 |
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HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Shanghai or Shenzhen more expensive?
Shenzhen is more affordable. Home prices differ by $70,000 (13%).
Which city has cheaper rent, Shanghai or Shenzhen?
Rent for a 1BR in Shanghai is $1,200/mo vs $1,000/mo in Shenzhen.
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