Is Hong Kong cheap for tourists?

I'm curious, is Hong Kong really a budget-friendly destination for tourists? With its iconic skyline, bustling streets, and world-class dining, it seems like a place where expenses could quickly escalate. But are there ways to enjoy all the city has to offer without breaking the bank? From affordable accommodations to budget-conscious dining options, I'm eager to learn more about whether Hong Kong can be a cost-effective travel destination.