In the event that you decide to move to Bangalore or Mumbai, these cost of living factors will assist you in maintaining your unique sort of lifestyle. When relocating to a new city, there are several variables to consider, including housing with a variety of property rates, food, the market, transportation, utilities, clothes, and salary, to name a few.
Here’s everything you need to know about Bangalore vs Mumbai cost of living.
See also: Know about richest area in Bangalore
Bangalore vs Mumbai cost of living: Accommodation
Banglore: Depending on where you wish to reside, a one-bedroom apartment might cost up to Rs 20,000 a month. Similarly, a two-bedroom apartment might cost anything from Rs 30,000-35,000 a month. If you want to save money, seek a home with an HSR or BTM plan. They’re within walking distance of the city centre, but the monthly rent for a one-bedroom apartment there is anything from Rs 12,000-15,000. These places also provide 2 BHKs for less than Rs 30,000.
Note: While renting a home, Bangalore residents have to pay the largest security deposit of any major city. In Bangalore, the average rent deposit is Rs 1.34 lakh.
Mumbai: The area, where you choose to live in Mumbai, will considerably influence your monthly spending since rent is so excessive in the city. South Mumbai’s most expensive neighbourhoods include Colaba, Grant Road, and Lower Parel, where 1 BHK is anything from 30,000 to 50,000 per month. The same is true of Bandra West, Sana Cruz, and Juhu. Rent for a 2-bedroom apartment in these areas might range between Rs 45,000 and Rs 90,000. On the other hand, you may rent a 1 BHK or 2 BHK in budget-friendly suburbs like Goregaon, Kandivali, and Borivali, where real estate has sprawled for over a decade.
Note: Most landlords in Mumbai often ask for a security deposit of no more than 2 to 3 months’ rent.
See also: More about Cost of living in Mumbai
Bangalore vs Mumbai cost of living: Groceries
Bangalore: With respect to other Indian metro cities, the expenditure on groceries in Bangalore is very comparable. If you order meals regularly, this cost will be modest for you. If you opt to cook for yourself, you can save a lot, and it shouldn’t be more than Rs 6,000 a month.
Mumbai: From stores to online groceries, Mumbai has a wealth of alternatives for addressing your everyday requirements, which include rice, bread, fruits, and vegetables, to name a few examples. The cost of consumables should not be more than Rs 4,000 to Rs 5,000 per month if you do not lead a lavish lifestyle.
See also: Know about posh areas in Mumbai
Bangalore vs Mumbai cost of living: Food
Bangalore: The good news is that the city provides several takeout alternatives via food-delivery applications. If you purchase two meals every day, it would cost you roughly Rs 300 per day, which will add up to approximately Rs 8,000-9,000 per month in total. Students and working bachelors can save money by hiring cooking maids. You may find a maid in Bangalore via an agency or by asking or by recommendations.
Mumbai: Although Mumbai is well-known for its street food selections, you cannot rely only on these foods daily. You can receive home-cooked delivery meals all around Mumbai, much like the internationally renowned ‘Dabbawalas’. Tiffin services are available for a monthly fee ranging from Rs 1,500 to Rs 4,000. You may also make meals at home or hire a cook if you prefer that option. A maid/cook will price you between Rs 5,000 and Rs 9,000 a month, depending on your needs.
Mumbai vs Bangalore cost of living: Energy bills
Bangalore: Even though you may not need an air conditioner for most of the year owing to the excellent weather, the cost of electricity is a little higher in Bangalore. The average power use price is around 4.10 per unit of consumption, which equates to somewhere between Rs 1,100 and 1,400 per month for a 2 BHK flat. For those who use air conditioners, geysers, and other equipment that use a lot of electricity, the bill might be anywhere from Rs 5000 to Rs 100,000.
Mumbai: Because it is situated near the sea, Mumbai has a humid environment, and the city stays warm for most of the year. Consequently, you may have to keep the air conditioning running throughout the summer, increasing your power cost. Water and power costs may add up to roughly Rs 4,000 to Rs 5,000 per month for a one-bedroom apartment and up to 10,000 per month for a two-bedroom apartment. A broadband connection costs between Rs. 500 and Rs. 1,500 a month, comparable to the pricing in other Indian cities.
Mumbai vs Bangalore cost of living: Transport
Banglore: There is no shortage of ways to get about in Bangalore despite the city’s notoriously congested traffic, much like Mumbai. You can rely on taxis, metros, rickshaws, and buses to go about it. All of these modes of transportation are available at any time of the day or night. Even while you may save money by using the metro and BMTC buses, you may need to consider other options like ride-hailing taxi services if you’re short on time. With a combination of metro, auto-rickshaws, and taxis, monthly transportation costs should not exceed Rs 3,000.
Mumbai: Mumbai’s local trains are its lifeblood. The cheapest way to go to and from work each day is to use the train, which costs Rs 1,200 for a monthly ticket. In addition, the city offers a vast network of public buses, metros, kaali-peeli cabs that are pretty cost-effective. So, if you want to use a taxi or rickshaw, you need to budget Rs 2,000-3000 each month.
Mumbai vs Bangalore cost of living: Childcare and schooling
Bangalore: The cost of living in Bangalore increases dramatically from a single person to a family with many children. The city is home to some of the most outstanding educational institutions. The monthly kindergarten price might vary from Rs 4,750 to Rs 12,000. The annual international school fee for one kid can be between Rs 1 lakh and Rs 3 lakh per year, depending on the institution.
Mumbai: Although the expense of living in Mumbai for a student or bachelor might still be acceptable, raising a kid in the city can be expensive. If you are searching for preschools, it is feasible to locate one for as little as 1000 per month in someplace. However, they might cost as much as 15,000 per month or even more in more wealthy areas. CBSE and ICSE private schools charge between 50,000 and 1.5 lakh rupees a year, while prestigious foreign schools charge an average annual cost of up to 3.5 lakh.
Mumbai vs Bangalore cost of living: Shopping
Banglore: From upscale shopping complexes to traditional open-air markets, Bangalore offers it all. Check out MG Road, Chickpea, and Commercial Street if you’re seeking fashionable clothing and accessories. If you don’t have a lot of money to spend, you may meet your shopping needs on a monthly budget of Rs 5,000. However, the price would be much higher if you solely shop at malls for big-name products.
Mumbai: The shopping experience in Mumbai will be enriching if you enjoy combining high-end retail with bargain hunting. The city offers a diverse range of retail experiences to suit every taste and budget, from having to dig your way down the streets of Colaba to trawling through Bandra’s outdoor stalls for fashion rejects and splashing out on designer labels at the city’s designer boutiques. You may put aside a monthly budget of Rs 2,000 -3000 for buying at such establishments.
Mumbai vs Bangalore cost of living: Entertainment
Banglore: You may be looking forward to experiencing Bangalore’s vibrant nightlife and exciting attractions during your stay. All of your entertainment needs can be found in one spot with multiplexes, dining options, gaming zones, and other attractions. The weekend movie tickets will cost you about Rs 300 per person. Apart from this, many amusement parks and places of interest like Wonderla, Bannerghatta Biological Park, and Lalbagh Botanical Garden. For a monthly budget of Rs 2,000-3000, you can easily keep yourself entertained in the city.
Mumbai: A large part of Mumbai’s entertainment value comes from its proximity to Bollywood. Every day of the week, there are art exhibits, theatre plays, and vintage multiplexes where you may see a movie and enjoy the latest blockbuster. A weekend in Mumbai is filled with everything you could want: bars, clubs, and natural attractions. You may have a great time in the city on a weekend budget of only Rs 1,000.
Final verdict
The parameters mentioned above will assist you in making a decision on which city to choose. Both cities have their advantages and disadvantages and the financial implications of choosing either. When comparing the cost of living in Mumbai with Bangalore, it turns out that Mumbai is 15-20% more costly. Mumbai has a higher rental cost of living than Bangalore, which has a higher cost of public transportation.
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