What is the Mumbai Monthly Average Cost of Living?
Mumbai,sometimesknownasthe"cityofdreams"or"India'sfashioncapital,"isnot aneasyplacetolive.MumbairanksasthecostliestcityinIndia,the19thmost expensiveinAsia,andthe60thmostexpensiveintheentireglobe,soyou'llneedto haveahealthybankaccounttogetbywiththecity'sprices.
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IfyouareconsideringmovingtoMumbai,thisblogwillprovideyouwitha calculatedestimateoftheaveragecostoflivingthereaswellasinformationonthe factorsthataffectthatcostofliving.
Mumbai's Monthly Cost of Living: Factors at Play
Accommodation
Bothlandandrentalcostsareveryexpensive.Dependingonwhereyoureside,rent varies.
TheaveragemonthlycostoflivinginMumbaiforhousingmightbeanywherefrom Rs30,000toRs80,000.
Transportation Fees
ComparedtoothermajorcitiesinIndia,Mumbaihasmuchbetterandmore inexpensivelocaltransport.PublictransitischosenbythemajorityofMumbai residentsoverprivatetransportationduetoitsexcellentconnectivityandcosteffectiveness.
Thetypicalmonthlycostoftransport.
Monthlycostforprivatetransport:5000–6000rupees
Monthlycostofpublictransport:Rs.1000–Rs.2000
Grocery costs
Allofyourdailyrequirements,includingasmilk,bread,rice,chicken,fruits,etc.,are easilyaccessibleinalmosteveryneighbourhoodinthecityandareavailableatMRP rates.Mumbai'sstreetsarefilledwithvarioussmallbusinesses&streetvendors,so locatinggroceriescloseshouldn'tbeaproblem.
ThetypicalmonthlygrocerybudgetisintheregionofRs2000toRs20000. Standard
Low-range Rs1,500-Rs4,000
Mid-range Rs4,000-Rs10,000
High-range Rs10,000-Rs25,000
Note: Theaverageestimatemaychangedependingonthesizeofyourfamilyorthe consumptionofeachmember.
Cooking and eating out
Themostcost-effectivestrategytoreduceyourfoodexpensesistocookforyourself orhireacook.StudentsandprofessionalsinMumbaifrequentlyusedabbasortiffin services.InMumbai,therearenumerouseateriesandlodgingestablishmentsthat provideawiderangeofcuisinesaswellasquickdeliveryserviceslikeZomatoand Swiggy.
ThetypicalmealbudgetmightrangefromRs2000toRs6000.
Utility Services
Yourmonthlybudgetincludesasizeablesumforthemoneyyouspendonutilities likepower,internet,gas,TV,DTH,cable,etc.However,thissumisbasedonyour usageandthelocationinwhichyoulive.
ThetypicalcostofutilitiesmightrangefromRs3000toRs6500.
Type of Utilities Average monthly Cost
Mobiletariff Rs500
Electricity,cooling,heating,water, garbage Rs3,950
Unlimitedinternetpackage Rs1000
Shopping and entertainment
Everypersondeservestimetorelaxandsleepafteralongdayofworkorschool.
Mumbaihasalottooffer,likestrollingalongMarinaDriveandvisitingnumerous barsandrestaurants.InBandra,areaslikeColabaCauseway,PaliHill,&Linking Roadofferfashionableclothingandaccessoriesatreasonablecosts.
Dependingonaperson'slifestyleandspendinghabits,entertainmentandshopping expensescandiffer.
Expenditure Type Monthly cost for 1 Adult Gym StartingfromRs800/Movie(PVR) StartingfromRs300/Shopping StartingfromRs1,500/Beautycare/Salon StartingfromRs1,000/-
Education
Therearenumerousrenownedtop-tierschoolsanduniversitiesavailablefor familiesinMumbai.Theamountofmoneyspentonschool-relatedexpenseshasa substantialimpactonhowmuchitcostsafamilytoliveinMumbai.
ThemonthlycostofeducationataprivateschoolmightrangefromRs5000 toRs15,000.
ThemonthlycostoftuitionataninternationalschoolmightrangefromRs. 10,000toRs.25,000.
Conclusion
MumbaiisIndia'sfinancialcentreandamajorfocusfortrade,commerce,and exchange,offeringitscitizensawiderangeofopportunitiesdespitebeingIndia's mostcrowded&expensivecity!
TheindexofcostoflivingMumbaiwilllikelybe27.57.Thisblogbreaksdownliving expensesandprovidesanaverageestimatebasedontheMumbaicostofliving index,whichcanhelpyoubetterunderstandthenormalmonthlyexpenditure.
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