How much do you need to live comfortably in Mumbai?

How much 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 Mumbai expensive to live?

According to Mercer’s 2022 Cost of Living survey, Mumbai ranking at number 127 is the costliest city in India for expatriates in terms of both living expenses and accommodation costs followed by New Delhi (155), Chennai (177), Bengaluru (178) and Hyderabad (192).

Is it cheap to live in Mumbai?

Being a metropolitan city the cost of living in Mumbai is high. Cost for bachelors on a sharing basis is approx ₹20,000 – ₹25,000, for couples Approx ₹25,000 – ₹45,000 and for families with one kid it can go up to ₹30,000 – ₹50,000.

What is a good salary in Mumbai for a family of 4?

20 to Rs 25 K per month is sufficient.… That is the beauty of Mumbai, You can survive (in a 4 member family) with Rs. 20K-30K per month with a stringent budget or you can live a luxury life spending 50K-90K per month that includes rent, food & travel costs etc.

Is Mumbai expensive than New York?

Mumbai is far more affordable than New York – for most things. Movie tickets, taxi trips, and fancy dinners cost 17% to 33% less in India’s financial capital than they do in the Big Apple, according to latest data by Deutsche Bank’s research arm.

Is 25k enough to live in Mumbai?

Living in Mumbai involves a huge chunk of salary as Rent. 25k is just the survival amount for ONE person ONLY. For a family of three, minimum salary should be atleast 60000.

Which is the cheapest place to live in Mumbai?

List of 8 Most Affordable Places to Live in Mumbai

• Borivali:
• Ghatkopar:
• Vikhroli:
• Khandivali:
• Malad:
• Kurla:
• Chembur:
• Powai:

How much does an apartment cost in Mumbai?

The average weighted cost of an apartment in Mumbai is Rs 3.03 crore or Rs 20,449 per square foot.

Is it good to live in Mumbai?

Mumbai is a city which can give you the best living experience. It has every amenity and facility to help you lead a peaceful life. If you wish to buy a house in some city, then you should definitely add Mumbai to the list.

Why Mumbai is so costly?

The major reason why Mumbai is expensive is due to the high land costs. Residential and commercial spaces in Mumbai come at a high price….

Which is the cheapest city in India to live?

Which is the cheapest city in India? 5 cities in India that are quite affordable live in are – Bangalore, Indore, Delhi, Kolkata, and Chennai.

How do people in Mumbai survive without money?

Empty Pocket? Don’t Worry! You Don’t Need Money To Witness The Best In Mumbai

1. Bollywood Fans. If you’re a Bollywood fan then welcome to Heaven. …
2. New In Town? You’re Not Alone. …
3. You Just Can’t-Miss Out On Haji Ali. …
4. Beaches Welcome You! …
5. Free Gigs. …
6. Bibliophiles Are Welcome Too. …
7. Kala Ghoda Pavement. …
8. Trek Your Way Out.

Is rent expensive in Mumbai?

Depending upon your lifestyle and standard of living, Mumbai can be one of the costliest cities, to live in India….Cost of living in Mumbai for a bachelor.

What is sufficient salary in Mumbai?

Rs. 50000 to 60000 Net income per month.

What is considered rich in Mumbai?

A household having an annual income of more than USD 1 million is considered as a dollar-millionaire household. MUMBAI: With 56,000 dollar-millionaire households, Maharashtra leads the country in wealth creation followed by Uttar Pradesh, Tamil Nadu, Karnataka and Gujarat, says a report.

Is Mumbai more expensive than London?

Cost of Living Comparison Between Mumbai and London You would need around 380,883.48₹ (6,274.40C$) in London to maintain the same standard of life that you can have with 160,000.00₹ in Mumbai (assuming you rent in both cities).

Is Mumbai safer than New York?

Quality of Life in Mumbai….Safety comparisons Mumbai vs New York, NY.

Why is Juhu so expensive?

Amitabh Bachchan’s residence, Jalsa, continues to lure swarm of film fanatics from all over India. This makes Juhu one of the most costly areas in Mumbai. You will also find various prestigious educational institutions and lively cafes. Apart from the abundance of Bollywood’s elite, Juhu is known for its iconic beach.

Which city is costly Mumbai or Bangalore?

On average living in Mumbai is around 20% more expensive than living in Bangalore.

Which city is costly Mumbai or Pune?

The city of Mumbai is considered to be 17% more expensive than the city of Pune according to the latest survey.

Which part of Mumbai is best?

Here are the top 12 posh areas in Mumbai/Mumbai’s posh area names/posh localities in Mumbai, the most inviting neighbourhoods of Mumbai.

• Bandra Bandstand. …
• Malabar Hill. …
• Altamount Road. …
• Hiranandani, Powai. …
• JVPD Scheme. …
• Pali Hill, Bandra. …
• Worli Sea Face. …
• Seven Bungalows, Versova.