After my last Article Cost of Living in Mumbai - Part 1, here is a continuation.Buying a property is whole different ballgame.Mumbai is a costly city to buy a house of your own and the costs can be a real strain on the budget. Rent depends on location - Keep arnd 8-15k depending on you want sharing room or want to keep the room for urself. Single person estimated monthly costs: ₨48,028. Summary of cost of living in India. The total cost of living is around $412 in Navi Mumbai. you wont able to use is because the patrol is like 40Rs per lit.Everything is expensive if u can earn 30000rs per month then you can live there but you wont able to live in a posh area. 1 room for couple. We help you decide by comparing all the largest costs… Cost of living in Dubai at a Glance: —Cost of living for a family of 4 people: ₹210,000 or AED 12000. Cost of Living in India. Anyway Mumbai is a expensive city. PortuguêsCusto de Vida em Bombaim (Mumbai) The average rent in Navi Mumbai for a one-bedroom apartment in the city centre is approximately $257 per month, and utilities cost around $34 a month. ItalianoCosto della Vita a Mumbai Unsold inventory in Mumbai: How it affects home buyers. @abhishek garg - I had a lot of help from online forums and relatives in Mumbai. If you’re going to live alone in the city, remember that the housing cost will be the largest part of your budget, it can cost you about Rs. A family costs: $2,060 per month. The average salary is Rs 9 lakhs per annum, which may vary as per experience, role and organisation. Compare the cost of living in Mumbai and Bangalore and see how far your salary will go to maintain your standard of living. With food under Canadian $ 700.00. We no kill you for money. I am listing down a few costs here below just to show you the living costs in Mumbai for Groceries…. A monthly pass would vary between Rs 300 and Rs 700, according to the comfort you seek (AC/Non-AC) and the distance you travel each day. Clearly, expats in Mumbai seem to be older and more experienced. Keep reading to learn more about the cost of living in Bangalore, as well as India’s most expensive city, Mumbai. Cost of living index in Chennai is 73.75% lower than in New York . What is the Cost of living in Mumbai? So I’ll talk about other Indian cities too, to give you a better idea. looking at these prices it not looks like it could add up that high? Average rent and buying price: If you are looking to rent a 1BHK apartment in Mumbai, you may need to shell out Rs 30,000-60,000 per month, depending upon the property size, location, housing society, property type and amenities available. Broadband costs range from $30-$50. The cost of living for expatriates in Mumbai as at October 2020 is low in comparison to other places in the world, with an overall Cost of Living Index (COLI), for all 13 basket groups, of 50.21 (New York =100). Your use of this service is subject to our, Analysis of our Consumer Price Basket in Mumbai, Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds (or Equivalent Combo Meal), Buffalo Round (1kg) (or Equivalent Back Leg Red Meat), Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, 1 min. Coffee costs: $0.91. you are right about the black money part (as this also makes it difficult to buy with mortgage as banks will only lend based on the circle rate/ registration price). Other costs will be around $189 including markets, transportation, restaurants, and sports and leisure for one-person. However, if you are opting for an independent living option, you may have to shell out Rs 5,000 per month extra, to meet the additional expenses. For the working class, daily life in Mumbai is commonly played out in what are called chawls-- multi-level tenements with single small rooms, which usually accommodate a whole family, often with a shared bathroom for each floor.There's little privacy but the benefits are a strong sense of camaraderie and support. Cost (INR) Estimated monthly living expenses for a 4-person family (excluding rent) 82284: Rent/month for 3 bedroom apartment outside of city centre (lower est.) Lifestyle cost: Depending upon how frequently you go out, the lifestyle cost may vary accordingly. Average Cost; 2BHK on rent ₹ 17,000: Cost of 2BHK ₹ 43.88 lacs: Local travel ( monthly pass for train) < ₹ 1,500: Electricity, Water, Garbage) for apartment ₹ 1,839: Cost of pre-school/ kindergarten ₹ 2,500-8,500: Maid (cook, clean) ₹ 6,000: Petrol ₹ 75.67: Cost of 1 meal in inexpensive restaurant (per person) ₹ 270: Lifestyle ₹ 10,000 The cost of living in Mumbai for a single person is dramatically more because of the lack of sharing. Your use of this service is subject to our DeutschLebenshaltungskosten in Mumbai Cost of Living in Mumbai. In a city of over 20 million people, space is understandably at a premium in Mumbai. Use Salary.com's Cost of Living Calculator to easily compare the cost of living in your current location to the cost of living in a new location. Other Indian cities that featured in the list included New Delhi, Chennai, Bengaluru and Kolkata. Thane and Navi Mumbai are two distant suburbs of Mumbai where property prices are affordable but you would have to spend more on commuting. The best way to live in Mumbai within a budget is to share your accommodation. As discussed earlier, the cost of school fees will add to the cost of living in Dubai for a family. Plus the demonetization has made it difficult to procure cash (still have limits on cash withdrawals), the real estate bill will also help stream line this sector which has largely remained unregulated for so long. Mumbai is among the most expensive cities in Asia. There is some hope of reduction in black money use in real estate as the circle rates in most states has been revised to match the market rate, thus removing the incentive for registration at lower price. Depending upon the industry and position, the average salary can vary as per the skills and location. Household cost: A household which includes a working couple and a child, will have expenses such as food, clothing, school fees, maid salary, maintenance charges and other lifestyle-related expenditure. Very good, very good. Average rent and buying price: If you are a bachelor, you can opt for co-living spaces in Mumbai, which would cost you Rs 10,000-20,000 per bed, depending upon the facilities available and location. Mumbai’s expat workforce is older: 54% were aged 35-54, compared to the global average of 45%. These articles, the information therein and their other contents are for information purposes only. Below is the average monthly expenses cost including house rent for a minimum 1 BHK. Family of four estimated monthly costs: ₨154,960; Single person estimated monthly costs: ₨81,369; Mumbai is the most expensive city in India (1 out of 5) Cost of living in Mumbai is cheaper than in 63% of cities in Asia (10 out of 16) No measure is 100% full proof but it is getting better. You will find all price ranges for schools & accommodation in all cities. Firstly, Bangalore is known as India’s Silicon Valley. That concludes MyBayut’s guide to the cost of living … A single person costs: $918 per month. Mumbai provides you with various options ranging from as low as Rs. According to the experts, Indian cities are emerging as strong contenders for expats, as business opportunities are improving. – 35 INR, Butter (500 … I recommend honeymoon. of Prepaid Mobile Tariff Local (No Discounts or Plans), Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, International Primary School, Yearly for 1 Child, 1 Summer Dress in a Chain Store (Zara, H&M, ...), Price per Square Meter to Buy Apartment in City Centre, Price per Square Meter to Buy Apartment Outside of Centre, Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate, Family of four estimated monthly costs are, A single person estimated monthly costs are, The price of Eggs (regular) (12) in the year 2012 in Mumbai was 46.54₹. Should you buy a house now or wait for the Real Estate Regulation Act?. Related Information Cost of Living in Mumbai @anonymous - True but at the same time the rate of interest on deposits will be comparable to the rate of interest on mortgages. Impact of Coronavirus on Indian real estate, COVID-19: How to sanitise vegetables, milk packets, deliveries and more, Electricity bill (basic utility- electricity, cooling, heating) for an 850-sq ft apartment. The expatriate guide to living in Mumbai contains everything you need to know to plan your life, face what lies ahead and embrace life in what is arguably India’s fastest growing city. plus there is not concept of interest only mortgage in India. Cost of Living in Dubai Food costs: Total Living Expenses in Mumbai Average cost; 1 person, per month (without rent) ₹23,706: 1 person, per year (without rent) ₹284,472: 4 person family, per month (without rent) ₹83,900: 4 person family, per year (without rent) ₹1,006,800 Family of four estimated monthly costs: ₨112,691. Depending upon the standard of living, your average salary should be Rs 40,000 - Rs 60,000 per month. In future planing to come mubay . 15,000 with a good amount of security deposit. Miscellaneous Costs of Living in Mumbai. The land prices are high and so are the rental prices. Mumbai is a very good place to live, eat and enjoy life. 45370: Total monthly cost of living estimated for a 4-person family: 127654 As per the data from our users average cost of living in Mumbai, India is expensive/cheaper than Chennai, India. Commuting - 1-2k depending on mode of transportation Going out - 1-1.5k everytimg you go out - ordering in is pretty cheap if you know the right restaurants Electricity - 2bhk shud cost 2 … to as high as Rs. This city had 8938 entries in the past 12 months by 782 different contributors. Home (Food and groceries) – A couple living in Mumbai could get a monthly bill of 10000 INR to 15000 INR per month on groceries alone. Cost of living index in Mumbai is 69.76% lower than in New York. someone can explain how a single person can need 364.25USD without rent. No warranties, guarantees, promises and/or representations of any kind, express or implied, are given as to (a) the nature, standard, quality, reliability, accuracy or otherwise of the information and views provided in (and other contents of) the articles or (b) the suitability, applicability or otherwise of such information, views, or other contents for any person’s circumstances. Cost of Housing in India In the most expensive neighborhood in India’s most expensive city of Mumbai, a furnished 900 square foot apartment costs about $987 per month. So using Bangalore as a proxy for the cost of living in India would be like using San Francisco as a proxy for the cost of living in the US. Housing.com does not offer any such advice. Best country. Nothing contained in the articles should be construed as business, legal, tax, accounting, investment or other advice or as an advertisement or promotion of any project or developer or locality. You will have to spend on parking charges as well, if your office or society does not have free parking. Monthly rent costs: $545 per month. Household cost: The usual cost will include maintenance charges, cook/maid salary, electricity and Wi-Fi bill, etc. See More. If you want to buy a 2BHK apartment in Mumbai in the western suburbs, you need to shell out at least Rs 2.5 crores. FrançaisCoût de la Vie à Bombay cost of living in mumbai Mumbai is declared as the 2nds costliest Indian city to live by Times of India. A monthly plan can cost as low as $5 and as high as $30—which is what it costs me. You need to first decide on school as I think it is essential to keep the travelling time for children to a minimum and then find a suitable accommodation which is within reasonable travelling time and affordable. If you own one vehicle, the fuel cost will be around Rs 5,000 – Rs 6,000. If there's Andy things in that range let me know. If in your city's living cost is 50% then mumbai … The users should exercise due caution and/or seek independent advice before they make any decision or take any action on the basis of such information or other contents. Family of four estimated monthly costs are 1,388.96$ (101,465.73₹) without rent (using our estimator). The absolute shittiest city in the country (bar none). We try to gauge how much money you may require, to have a decent living experience in Mumbai, which is one of the costliest cities in India and the world, Cost of living in Mumbai for a family with children, cost of living in Mumbai for a family of 4, Griha Pravesh Muhurat 2020: Best dates for a house warming ceremony. Mumbai stood at 19th position in Asia and was ranked 60th, in the list of costliest cities in the world. Mumbai Vs Chennai Living Comparison. Terms of Use and Bandra Bandstand is home to the rich and famous and the seaside adds to the beauty of the place. Looking low cost apartments. The buyers’ guide to investing in upcoming locations around metros. Summary of cost of living in Mumbai. Breakdown of prices in Mumbai, India for housing, food, transportation, going out for January 2021. This can go up to Rs 8.5 lakh. Bachelors (Sharing Basis): ₹20,000 – ₹25,000 Approx, Couples: ₹25,000 – ₹45,000 Approx and for Family (1Kid): ₹30,000 – ₹50,000 Approx Schools fees in Dubai can average between AED 4,000 – AED 9,500 per month, depending on the grade your child is in. The rents vary according to the area of your choice. You may need to shell out more, if you want to stay closer to the city. It is also an economic center for many Indians who come to … Will property prices crash in India due to the Coronavirus outbreak? Depending upon the lifestyle, the average salary should be Rs 40,000 per month. Housing sales increase in Q2 FY2019, led by Mumbai, Pune and Chennai: PropTiger.com Realty Decoded report. India is the cheapest country in Asia (9 out of 9) India is the 2nd cheapest country in the World (73 out of 74) Change the currency: Average rent and buying price: If you want to rent a 2BHK apartment in Mumbai, a little away from the city center or in the suburbs, you have to spend around Rs 40,000-50,000 per month. Thane and Navi Mumbai are two distant suburbs of Mumbai where property prices are affordable but you would have to spend more on commuting. The cost of living in Mumbai can differ for students, couples, families and bachelors, depending upon one’s spending habit, type of home ownership and commuting patterns. An international primary school will cost you around Rs 1.5 lakhs – Rs 4 lakhs per year. Rental Accommodation will burn the biggest hole in your pockets. Privacy Policy. 5000-12000 per month in areas like Navi Mumbai, Thane, etc. Secondly, living like a … Cost of living in Mumbai for a family with children. If not already don't decide on the board (CBSE,ICSE,SSC...) and first sort out the school (admissions will be closed by end of March for most schools and will be currently underway), some good schools are lakshdam, podar intl, Bombay Scottish, orchid intl, kendriya vidhyalaya etc... 2 bhk cost in main mumbai like matunga/sion/santacruz andheri etc in 2016 was 20000 to 24000 rs rent/month..then you ill get a neat and clean flat to live..... plus deposit of 1 to 3 lacks , plus brokerage of minimum one month .............on very outer side of mumbai 8000 to 15000 rent plus 30000 to 60000 deposit(but then you will have to face crowed flood in trains to reach your office).........very costly place.......if you go for lower prices you get a single dirty room in dirty society that too rent 7000 to 13000 per month...........in uttar pradesh you can survive with 12000 income per month but you cant in mumbai...beware...before going to mumbai....think 100 times, Copyright © 2009-2021 Numbeo. 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Prices in Mumbai is 75 % cheaper than New York lower than in New York prices not! Spend on parking charges as well, if your office or society does not free. Monthly cost of living, Mumbai is Rs 4.4 lakh per annum which! Let us help you make an informed decision about what it will cost you around Rs 5,000 – 500! Costs: $ 1,179 per month in our compare tool to find pertinent information in an to! From online forums and relatives in Mumbai within a budget hotel may Rs...

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