What is the cost of living in Mumbai?

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

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


What is the cost of living in Mumbai?


Cost of living in Mumbai

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. 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.

Type of expenseAverage cost
Meal for two, in an average restaurantRs 1,500
Monthly pass for local transportRs 400
Taxi fare (per km)Rs 22
Car fuelRs 79
Electricity bill (basic utility- electricity, cooling, heating) for an 850-sq ft apartmentRs 3,800
Broadband (average speed of 60 MBPS)Rs 750
Monthly gym membershipRs 2,000
Monthly school fee (primary)Rs 2,500 – Rs 15,000
Rent of 1BHKRs 25,000 – Rs 35,000
Cost of 1BHKRs 1.5 crores – Rs 2 crores
Fruit (1kg)Rs 150
Vegetables (Potato, onion, lettuce)Rs 100

Source: Numbeo.com


Mumbai: India’s most expensive city

According to Mercer’s 2020 Cost of Living Survey, Mumbai is the most expensive city in the country for expats. Mumbai stood at 19th position in Asia and was ranked 60th, in the list of costliest cities in the world. Other Indian cities that featured in the list included New Delhi, Chennai, Bengaluru and Kolkata. According to the experts, Indian cities are emerging as strong contenders for expats, as business opportunities are improving.


Cost of living in Mumbai for bachelors

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.

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. 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.

Transportation cost: Mumbai is well connected via the local train network and BEST buses. 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.

Lifestyle cost: Depending upon how frequently you go out, the lifestyle cost may vary accordingly. A movie ticket costs Rs 300 per person while eating out in a budget hotel may cost Rs 300 – Rs 500 per person.


Cost of living in Mumbai for a family with children

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. 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 you want to buy a 2BHK apartment in Mumbai in the western suburbs, you need to shell out at least Rs 2.5 crores.

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. This could vary between Rs 25,000 and Rs 30,000, depending upon various factors. For childcare services, you would have to spend on full-time daycare or nannies, if your child is in pre-school. This may cost you around Rs 5,000-10,000 per month, depending upon the quality of the services. An international primary school will cost you around Rs 1.5 lakhs – Rs 4 lakhs per year.

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. You will have to spend on parking charges as well, if your office or society does not have free parking.


Cost of living in Mumbai for couples

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 wish to buy a 1BHK property in Mumbai, it will cost you around Rs 80 lakhs – Rs 1.5 crores, depending upon the location and quality of construction. You may need to shell out more, if you want to stay closer to the city.

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.

Transportation: If you commute via public transport system, the expenses might vary between Rs 1,000 and Rs 2,000, depending upon the comfort you opt for. If you own one vehicle, the fuel cost will be around Rs 5,000 – Rs 6,000. 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.

ConfigurationAverage rent (in western suburbs)Average property price (in western suburbs)
1BHKRs 30,000Rs 1.5 crores
2BHKRs 50,000Rs 2.5 crores
3BHKRs 80,000Rs 4 crores

Source: Housing.com



What is the average salary in Mumbai?

The average salary is Rs 9 lakhs per annum, which may vary as per experience, role and organisation.

What should be the minimum salary to live in Mumbai?

Depending upon the lifestyle, the average salary should be Rs 40,000 per month.

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?

Mumbai is among the most expensive cities in Asia.


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