Is 35k a good salary 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.

What is a good salary to survive 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.

Can I survive in Mumbai with 20k?

With a combined income of Rs 20,000 a month, a couple can still lead a decent life in any Indian city. Three experts do the math for you keeping in mind the costs of living in 3 cities. The biggest expense which most families will incur upon moving to Mumbai will be the cost of accommodation.

How do people in Mumbai survive with no 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.

How much money do you need to live a luxurious life in India?

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. Keep in mind that this expence have not included costs of drinking and other unhealthy activities.

Is 20000 a good salary in Mumbai?

Can I live alone in Mumbai?

Opt For PG/Sharing Accommodation Over Rent For First Few Months: Staying alone in a new city can be daunting plus when it’s Mumbai, it can get expensive very fast. Try to take a sharing accommodation instead of renting the whole place to yourself for the first few months.

Is living in Mumbai Good?

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.

How much is enough to not work?

According to this widely-accepted concept, you can safely withdraw 4\% of your investment portfolio’s value each year and never worry about going broke. In other words, to stop working, you’ll need a portfolio large enough that 4\% of its value amounts to your annual spending.

How much does it cost to live in a co-living space in Mumbai?

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. This could go up to Rs 30,000 per month if you are opting for a meal facility.

How much does it cost to buy a 1BHK property in Mumbai?

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.

What is the cost of living in Mumbai compared to Delhi?

The cost of living in Mumbai is 8\% more than the cost of living in Delhi. In terms of housing, house rent in Mumbai is 136\% higher than in Delhi, as per Numbeo data.

How much does it cost to rent a house in Mumbai?

The cost of renting a home in Mumbai will vary from one locality to another. There is a wide range of options available for home seekers. The average rent per month in localities such as Thane and Navi Mumbai can be quite affordable, ranging between Rs 7000 and Rs 15,000.