Question: What Is The Cost Of Living In Mumbai?

What’s a good salary in India?

12 – 15 lakh per annum.

Anything below that gets difficult for the specimen..

Is 20000 a good salary in India?

With a combined income of Rs 20,000 a month, a couple can still lead a decent life in any Indian city. … At best, the figure could be stretched to around Rs 7,000. Living Expenses. Then, they have to consider living and transportation expenses, which will have to be managed within a budget of Rs 5,000-7,000.

Is 50k a good salary in India?

India is a poor country with very low per capita income. So in general, it is a very good salary. However, that is not to say it is sufficient for the life you want to lead, that will depend on your personal desires and needs. You can fulfil all your goals in life with a starting salary of Rs.

Why is rent so high in Mumbai?

Ever increasing demand Mumbai is also a magnet for immigrants from all over the country because of rapid urbanisation and high employment opportunities. “The constant need-based migration to Mumbai encourages landlords to hold on to high prices,” according to JLL’s Puri.

Why is Mumbai so expensive?

The constant need-based migration to Mumbai encourages landlords to hold onto high prices. Mumbai has been India’s commercial capital for more than a century, and has attracted droves of the country’s educated population for several years.

How much money do I need to live a luxury lifestyle in India?

If you are renting it then add 1 more lakh to your expences. So as said earlier saving 50% of your income, you need a monthly income of Rs 2600000-Rs2800000 to live a luxury life in India in a flat. For a Bunglow it comes up to around Rs2800000-Rs3000000.

How much money do you need to live comfortably in Mumbai?

So all in all, a family of 3 can comfortably live in Mumbai with a budget of Rs. 35,000-Rs 40,000. If you chose to live in more expensive areas like South Mumbai, this budget will increase to say about Rs. 55,000-Rs.

Is 1 lakh a good salary in Mumbai?

If your salary is 1lac per month, then yes. You can rent out a good place for accommodation in a decent place. Also, you can try staying at a place which is near your office. … In case your salary is 1 lac per annum, it would be really difficult to survive in a place like Mumbai.

Is Mumbai a good place to live?

Mumbai is a city which is safer than other cities in the country. There is a different vibe to the city at night and it is safe for a woman to venture out at wee hours as the city rightly never sleeps. Public transport like local trains, buses, auto rickshaws, and taxis are available at night.

How much does a house cost in Mumbai?

There are over 10,000 properties across and around Mumbai in the price range of Rs 32-53 lakh. If you are looking at villas in and around Mumbai, there are 300 projects and the price range is rather broad with projects priced between Rs 20 lakh to Rs 40 crore.

What is the average income in Mumbai?

Average salary in Mumbai is INR 1,546,246. Average take home earning is INR 1,224,128 (Net). The most typical salary is INR 891,424 (Gross). If you are an employer this page can help you with the decision how much to pay employees.

How much does Mumbai cost?

On an average, you would be spending Rs 5,500 per month but the costs may vary between Rs 2,500-12,500 per month. An international primary school or equivalent will cost you anywhere between Rs 1-4.5 lakh per year.

Is 1 lakh a good salary?

1 lakh is not a small amount of money but it entirely depends on your lifestyle. If you try to live a high end lifestyle, spending more than 80% of your income living that life, then 1 lakh will seem less. … Money is always relative be it in case of salary or luxury.

What’s a good salary in Mumbai?

What salary is needed to live comfortably in Mumbai? Depending upon the standard of living, your average salary should be Rs 40,000 – Rs 60,000 per month.

Is Mumbai expensive to live?

NEW DELHI: India’s financial capital Mumbai has emerged as the most expensive city in the country for expatriates in terms of cost of living, a survey said on Tuesday. According to Mercer’s ‘2020 Cost of Living Survey’, Mumbai is the 60th most expensive city for expatriates globally, while it ranks 19th in Asia.