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Cost of Living in Indian Cities: A Brief Comparison

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Created on
March 14, 2023

Summary

What’s Inside

The cost of living in India varies across cities. Comparing the cost of living in different metropolitan cities can help make better decisions based on lifestyle and finances. Here is a guide on the cost of living in India with pros and cons for each city.

How to Calculate Cost of Living?

Cost of living includes all expenses for amenities like food, shelter, medical care, transport, utilities, education and entertainment. The cost of living can again vary depending on your lifestyle and choices, however, the cost of the basic amenities remains moreover the same.

Comparing the Cost of Living in Different Cities in India

Different metropolitan cities like Mumbai, New Delhi, Kolkata, Bengaluru, Chennai etc. have varying costs of living.

In some cities, you may have to pay higher rent while in others transportation costs might be higher. However, the cost of living must always be assessed alongside one’s monthly income.

Here is a brief scheme to help you compare the cost of living in different cities in India.

(All costs are in Rupees - ₹)

Comparing Dining and Groceries Costs

Category

Sub Category

Mumbai

New Delhi

Kolkata

Bengaluru

Dining

Meal at a restaurant

350 - 1,500

300 - 2,000

200-1,200

300 - 1,500

Regular coffee

202.80

176.65

147.53

169.26

Soft drinks (0.33 L)

41.82

41.80

32.59

39.73

Water bottle (0.33 Litre)

16.72

20.43

14.61

16.67

Groceries

Milk (1 Litre)

62.64

61.60

56.00

51.70

Loaf of white bread

41.98

43.84

34.86

48.70

Rice (1 Kg)

61.93

73.54

57.04

63.49

Eggs (12 nos)

81.76

84.54

77.20

85.77

Chicken (1 Kg)

311.23

295.04

246.51

340.09

Banana (1 Kg)

58.83

61.69

56.33

64.97

Apples (1 Kg)

188.42

162.68

164.54

210.11

Oranges (1 Kg)

102.46

85.05

106.03

96.83

Tomato (1 Kg)

41.82

41.11

55.24

35.43

Potato (1 Kg)

33.31

26.79

22.85

32.91

Comparing Transportation Costs

Category

Sub Category

Mumbai

New Delhi

Kolkata

Bengaluru

Transport

Local train (one way)

20

50

15.00

43.50

Taxi (for 1 Km)

29

23

25

30

Petrol (1 Litre)

106.31

96.72

106.03

101.94

Diesel (1 Litre)

94.27

89.62

92.76

87.89

Comparing Utility Costs

Category

Sub Category

Mumbai

New Delhi

Kolkata

Bengaluru

Utility

Electricity bill ( Monthly)

4,205.39

5,222.58

2,646.47

2,667.12

Mobile phone plans

401.65

294.59

275

395.26

Internet (Unlimited data)

731.64

630.37

595.86

898.06

Comparing Entertainment Costs

Category

Sub Category

Mumbai

New Delhi

Kolkata

Bengaluru

Entertainment

Movie ticket (1)

350

400

300

350

Gym membership (1 month)

1,900.85

1,872.71

1,450.47

1,794.35

Comparing Education & Childcare Costs

Category

Sub Category

Mumbai

New Delhi

Kolkata

Bengaluru

Education and Childcare

Kindergarten (monthly cost for 1 child)

8,858.33

6,604.94

3,681.82

8,819.71

International primary school (yearly cost for 1 child)

258,406.25

142,268.29

130,111.11

241,000.00

Comparing Renting & Home Buying Costs

Category

Sub Category

Mumbai

New Delhi

Kolkata

Bengaluru

Rent

1 BHK in the city centre

47,526.25

20,290.32

12,285.77

25,854.55

1 BHK in the outskirts

27,471.70

12,032.79

7,264.71

13,928.57

3 BHK in the city centre

140,600.00

51,044.78

31,857.14

68,897.05

3 BHK in the outskirts

69,244.90

28,581.97

19,083.33

36,920.00

Buying a home

Per square metre price in the city centre

522,329.04

212,193.47

104,544.13

155,131.51

Per square metre price in the outskirts

242,560.95

90,512.70

51,569.42

71,720.54

Comparing Salaries & Earnings

Category

Sub Category

Mumbai

New Delhi

Kolkata

Bengaluru

Salary

Average monthly salary for 1 person (post-tax)

61,687.07

60,021.99

38,322.86

134,139.75

Disclaimer: All costs are updated as of August, 2023.

Average Cost of Living in India

Based on the above comparisons, below is the average cost of living in India minus rent: 

Category

Sub Category

Mumbai

New Delhi

Kolkata

Bengaluru

Average cost of living in India minus rent

For 1 person

31,828.5

32,290.9

27,012.2

31,437.9

For family of 4

109,377.1

110,466.2

93,129.4

110,213.8

Wrapping up

The cost of living varies by city in India. Each city has its own advantages and disadvantages. Depending on your preferences, lifestyle, and budget, you can select the ideal city for you and your family. However, it's important to compare costs across cities to determine the best fit for your lifestyle.

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Frequently Asked Questions

1. What does "cost of living" encompass, and how is it calculated?

Cost of living refers to the expenses of living in a particular city. This includes rent, utility bills, groceries, transportation, medical expenses, childcare costs etc.

2. What causes differences in the cost of living across cities or regions?

The monthly cost of living in India varies by city, with differences in rent prices due to land availability. The prices of groceries and other items are also affected by factors such as availability and location.

3. What are some examples of necessary expenses?

Some essential expenses include groceries, rent, medical costs, childcare, education and transportation.

4. How can people evaluate their cost of living and manage their finances effectively?

Individuals can look at their monthly salary and expenditure to assess their personal cost of living. If they can access the basic amenities comfortably and put aside a percentage of their earnings for savings, a city may be deemed suitable to live in.

5. How can people manage their cost of living without sacrificing quality of life?

Some strategies to reduce the cost of living in India could be:

  • Use public transport
  • Switch off the AC and fan whenever possible
  • Eat at home

Disclaimer

Fi Money is not a bank; it offers banking services through licensed partners and investment services through epiFi Wealth Pvt. Ltd. and its partners. This post is for information only and is not professional financial advice.
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