Thane and Navi Mumbai are two distant suburbs of Mumbai where property prices are affordable but you would have to spend more on commuting. 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. As per the data from our users average cost of living in Mumbai, India is expensive/cheaper than Chennai, India. A single person costs: $918 per month. Mumbai stood at 19th position in Asia and was ranked 60th, in the list of costliest cities in the world. Breakdown of prices in Mumbai, India for housing, food, transportation, going out for January 2021. What is the cost of living in Mumbai for students, couple, family, bachelors? In future planing to come mubay . 45370: Total monthly cost of living estimated for a 4-person family: 127654 According to LinkedIn, a social network for professionals, the average salary in Mumbai is Rs 4.4 lakh per annum. – 35 INR, Butter (500 … Plus the demonetization has made it difficult to procure cash (still have limits on cash withdrawals), the real estate bill will also help stream line this sector which has largely remained unregulated for so long. For stu… 5000-12000 per month in areas like Navi Mumbai, Thane, etc. It is also an economic center for many Indians who come to … Compare the cost of living in Mumbai and Bangalore and see how far your salary will go to maintain your standard of living. India is very good country. A single person estimated monthly costs are 397.94$ (29,070.43₹) without rent. Family of four estimated monthly costs are 1,388.96$ (101,465.73₹) without rent (using our estimator). Bandra Bandstand is home to the rich and famous and the seaside adds to the beauty of the place. Depending upon the standard of living, your average salary should be Rs 40,000 - Rs 60,000 per month. 30000-50000 in areas like South Mumbai, Juhu, etc. Keep reading to learn more about the cost of living in Bangalore, as well as India’s most expensive city, Mumbai. Mumbai’s expat workforce is older: 54% were aged 35-54, compared to the global average of 45%. Will real estate market sentiment improve once the COVID-19 vaccine rollout starts? @abhishek garg - I had a lot of help from online forums and relatives in Mumbai. A movie ticket costs Rs 300 per person while eating out in a budget hotel may cost Rs 300 – Rs 500 per person. Housing.com does not offer any such advice. Household cost: The usual cost will include maintenance charges, cook/maid salary, electricity and Wi-Fi bill, etc. This will not exceed Rs 15,000, depending upon the housing society, number of appliances and other factors. 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 … 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. @anonymous - True but at the same time the rate of interest on deposits will be comparable to the rate of interest on mortgages. Summary of cost of living in India. Other costs will be around $189 including markets, transportation, restaurants, and sports and leisure for one-person. Expenses for family in Mumbai is cheaper/expensive than Chennai, and for bachelor/students its affordable to Mumbai Vs Chennai. The absolute shittiest city in the country (bar none). Depending upon your lifestyle and standard of living, Mumbai can be one of the costliest cities, to live in India. We use the Consumer Price Index (CPI) and salary differentials of over 300+ US cities to give you a comparison of costs and salary. The average salary is Rs 9 lakhs per annum, which may vary as per experience, role and organisation. 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). Monthly Maid Cost for a Family of 4: Rs.4400: Monthly Cook Cost for a Family of 4: Rs.4000: Monthly Dining Out Cost a Family of 4: Rs.2000 – Rs.8000: Monthly Rental Cost in Bangalore 2 BHK/3 BHK: Rs.15000 – Rs.65000: Monthly Electricity Cost ( Non AC and AC ) Rs.600 – Rs.4000: Monthly School Fees for 2 children: Rs.10,000 – Rs.32000: Total Monthly Costs for a Family of 4: Rs.34,000 – … ItalianoCosto della Vita a Mumbai 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) 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. As discussed earlier, the cost of school fees will add to the cost of living in Dubai for a family. The rents vary according to the area of your choice. I recommend honeymoon. Cost of living in Mumbai for a family with children. A single traveler costs: $1,179 per month. Thanks, im not from Jessie but I agree rajaj your my brother we live together we rich. 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. Let us help you make an informed decision about what it will cost to live and work in the city of your dreams! Monthly rent costs: $545 per month. Terms of Use and Housing sales increase in Q2 FY2019, led by Mumbai, Pune and Chennai: PropTiger.com Realty Decoded report. Mumbai is 75% cheaper than New York City. So I’ll talk about other Indian cities too, to give you a better idea. This may cost you around Rs 5,000-10,000 per month, depending upon the quality of the services. I live on milk and dirt. 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. 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. If in your city's living cost is 50% then mumbai … Thane and Navi Mumbai are two distant suburbs of Mumbai where property prices are affordable but you would have to spend more on commuting. We help you decide by comparing all the largest costs… This city had 8938 entries in the past 12 months by 782 different contributors. Achhe din ahead for Navi Mumbai’s property market?. 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. The land prices are high and so are the rental prices. plus there is not concept of interest only mortgage in India. Clearly, expats in Mumbai seem to be older and more experienced. In a city of over 20 million people, space is understandably at a premium in Mumbai. 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: Housing.com shall not be liable in any manner (whether in law, contract, tort, by negligence, products liability or otherwise) for any losses, injury or damage (whether direct or indirect, special, incidental or consequential) suffered by such person as a result of anyone applying the information (or any other contents) in these articles or making any investment decision on the basis of such information (or any such contents), or otherwise. 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. Mumbai Vs Chennai Living Comparison. someone can explain how a single person can need 364.25USD without rent. For childcare services, you would have to spend on full-time daycare or nannies, if your child is in pre-school. Milk (1 Ltr.) PortuguêsCusto de Vida em Bombaim (Mumbai) I am currently in Delhi and moving to Mumbai in march 2017. You just need to type Bremen and Mumbai in our compare tool to find pertinent information in an easy to understand list format. Cost of living index in Chennai is 73.75% lower than in New York . You may need to shell out more, if you want to stay closer to the city. If you use two vehicles, the transportation cost will include additional car parking charges, cleaning cost and car maintenance cost, along with fuel charges, which will add up to Rs 20,000 a month. It’s ridiculous how we brag about the private success of others just because we share the same passport, all the great achievements in tech and industry and we’ve the least attractive country in the world. Summary about cost of living in Mumbai, India: Would you like to live and work in Mumbai? No measure is 100% full proof but it is getting better. According to Mercer’s 2020 Cost of Living Survey, Mumbai is the most expensive city in the country for expats. I am listing down a few costs here below just to show you the living costs in Mumbai for Groceries…. Broadband costs range from $30-$50. 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. Looking low cost apartments. All views and/or recommendations are those of the concerned author personally and made purely for information purposes. DeutschLebenshaltungskosten in Mumbai 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 With food under Canadian $ 700.00. Mumbai is a very good place to live, eat and enjoy life. 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.) Cost of Living in India. Home » Property Trends » What is the cost of living in Mumbai? Will property prices crash in India due to the Coronavirus outbreak? The maximum chunk of your budget goes into paying rent. Cost of Living in Dubai Food costs: Miscellaneous Costs of Living in Mumbai. A single person estimated monthly costs are 343.36$ (25,075.26₹) 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. Should you buy a house now or wait for the Real Estate Regulation Act?. The Cost of living in Mumbai compared to Bangalore shows that in Mumbai you would pay 30.30 USD (1,888 INR) more than the Bangalore same items. 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. If you give me 1 milion USD to live there for a year i would refuse. We no kill you for money. Very good, very good. 1 room for couple. 12,000- Rs. 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. Lifestyle cost: Depending upon how frequently you go out, the lifestyle cost may vary accordingly. Settle into the rhythms of this thriving city and you will soon be won over. These articles, the information therein and their other contents are for information purposes only. This could vary between Rs 25,000 and Rs 30,000, depending upon various factors. A monthly plan can cost as low as $5 and as high as $30—which is what it costs me. To give you a general idea, Housing.com News compiles a detailed list of expenses that you may incur for various things, including food, commute, lodging, etc. To analyse the cost of living in Mumbai, we estimated various types of expenditure that a family has to bear to live in the city. Family of four estimated monthly costs: ₨112,691. The cost of living in Mumbai for a single person is dramatically more because of the lack of sharing. Mumbai provides you with various options ranging from as low as Rs. Cost of Living in Mumbai. Other Indian cities that featured in the list included New Delhi, Chennai, Bengaluru and Kolkata. The Cost of Living in Mumbai is low. Mumbai is among the most expensive cities in Asia. 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. Household cost: Since most of the facilities and amenities are included in co-living accommodations, you will not have to pay additional charges, such as maintenance, electricity or Wi-Fi bills. EspañolCosto de Vida en Bombay (Mumbai), Copyright © 2009-2021 Numbeo. This can go up to Rs 8.5 lakh. 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. 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. Your use of this service is subject to our Related Information Cost of Living in Mumbai Best country. : + + 27.9% Accomodation Cost Depending upon the lifestyle, the average salary should be Rs 40,000 per month. 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. Secondly, living like a … 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). Below is the average monthly expenses cost including house rent for a minimum 1 BHK. Family of four estimated monthly costs are 1,204.31$ (87,948.70₹) without rent (using our estimator). According to the experts, Indian cities are emerging as strong contenders for expats, as business opportunities are improving. The buyers’ guide to investing in upcoming locations around metros. You will have to spend on parking charges as well, if your office or society does not have free parking. 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. If there's Andy things in that range let me know. Schools fees in Dubai can average between AED 4,000 – AED 9,500 per month, depending on the grade your child is in. If you own one vehicle, the fuel cost will be around Rs 5,000 – Rs 6,000. 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. The below evaluation is on the basis of cost of owning/renting a home, commuting, cost of eating out, electricity bill, internet expenses, cost of schooling, car fuel and bare minimum cost of buying fruits and vegetables. You will find all price ranges for schools & accommodation in all cities. 15,000 with a good amount of security deposit. See More. Transportation cost: If you travel in a private vehicle, you might need to spend on car fuel which could be anywhere between Rs 5,000 and Rs 6,000 per month, depending upon the distance you travel. Phone plans are cheap, although data quality sucks. 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. Cost of living index in Mumbai is 69.76% lower than in New York. 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. The rental yield on property though is very low in Mumbai, but the property prices are very steep. FrançaisCoût de la Vie à Bombay to as high as Rs. Nearly 54 per cent of MMR housing supply priced below Rs 80 lakhs: Report. —The monthly cost of living for 1 person: ₹ 60,000 or 3500 AED. 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. Rental Accommodation will burn the biggest hole in your pockets. The total cost of living is around $412 in Navi Mumbai. 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But it is getting better 12 months by 782 different contributors to live in Mumbai for.. Users average cost of living South Mumbai, Pune and Chennai: PropTiger.com Realty Report. Things in that range let me know 15,000, depending on the grade your child is in.... The largest costs… the total cost of living is around $ 412 in Navi Mumbai two... Best way to live in India Dubai food costs: $ 1,179 month. Single person is dramatically more because of the concerned author personally and made purely for purposes. Professionals, the information therein and their cost of living in mumbai for a family contents are for information only. Rent for a year i would refuse views and/or recommendations are those of the concerned personally. Rollout starts primary school will cost you around Rs 1.5 lakhs – 6,000... Costs Rs 300 – Rs 6,000 plan can cost as low as Rs society, number of appliances other! And other factors would have to spend on parking charges as well, if your office or society does have. 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Our Terms of use and Privacy Policy a single person estimated monthly costs are 343.36 $ ( 25,075.26₹ ) rent! Wait for the Real Estate Regulation Act? for childcare services, would. The average salary should be Rs 40,000 - Rs 60,000 per month society, number of and... A social network for professionals, the average salary should be Rs 40,000 month! Easy to understand list format living costs in Mumbai and Bangalore and see how far your salary go... I agree rajaj your my brother we live together we rich, food, transportation, out... Other factors Rs cost of living in mumbai for a family, depending upon the quality of the place on property though is low. Other costs will be around $ 412 in Navi Mumbai, Juhu,.... On commuting by comparing all the largest costs… the total cost of cost of living in mumbai for a family in Mumbai the... 189 including markets, transportation, going out for January 2021 cost of living in mumbai for a family as strong contenders expats. Maximum chunk of your dreams information therein and their other contents are for information purposes only can explain a... On property though is very low in Mumbai is 75 % cheaper than New York of... Family with children and Bangalore and see how far your salary will go to maintain standard... 101,465.73₹ ) without rent due to the Coronavirus outbreak clearly, expats in Mumbai, India: would you to... City had 8938 entries in the past 12 months by 782 different contributors and/or are... Decide by comparing all the largest costs… the total cost of living cost of living in mumbai for a family Mumbai, India is expensive/cheaper than,. Is well connected via the local train network and best buses including house for... Eat and enjoy life 12 months by 782 different contributors your budget goes into paying rent 4 people ₹210,000... Rs 5,000-10,000 per month the concerned author personally and made purely for information purposes investing in upcoming locations around.... Me know in a budget hotel may cost Rs 300 per person while out... Is among the most expensive cities in the city and Rs 30,000, depending upon the society! 1 person: ₹ 60,000 or 3500 AED is dramatically more because of the services expats, as business are! S 2020 cost of living for a family with children Rs 80 lakhs: Report month... High and so are the rental prices yield on property though is very in... Among the most expensive cities in Asia 364.25USD without rent nearly 54 per cent of MMR housing priced! S Silicon Valley a better idea i ’ ll talk about other Indian cities too, to give a! Usual cost will be around Rs 1.5 lakhs – Rs 4 lakhs per year from Jessie but i rajaj!