What Is The Mumbai Monthly Average Cost Of Living?
Mumbai, sometimes known as the “city of dreams” or “India’s fashion capital,” is not an easy place to live. Mumbai ranks as the costliest city in India, the 19th most expensive in Asia, and the 60th most expensive in the entire globe, so you’ll need to have a healthy bank account to get by with the city’s prices.
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If you are considering moving to Mumbai, this blog will provide you with a calculated estimate of the average cost of living there as well as information on the factors that affect that cost of living.
Mumbai’s Monthly Cost of Living: Factors at Play
Accommodation
Both land and rental costs are very expensive. Depending on where you reside, rent varies.
The average monthly cost of living in Mumbai for housing might be anywhere from Rs 30,000 to Rs 80,000.
| House Size | Rent per Month | Property Prices |
| 1 BHK | Rs 30,000 | Rs 1.5 crores |
| 2 BHK | Rs 50,000 | Rs 2.5 crores |
| 3 BHK | Rs 80,000 | Rs 4 crores |
Transportation Fees
Compared to other major cities in India, Mumbai has much better and more inexpensive local transport. Public transit is chosen by the majority of Mumbai residents over private transportation due to its excellent connectivity and cost-effectiveness.
The typical monthly cost of transport.
- Monthly cost for private transport: 5000–6000 rupees
- Monthly cost of public transport: Rs. 1000–Rs. 2000
Grocery costs
All of your daily requirements, including as milk, bread, rice, chicken, fruits, etc., are easily accessible in almost every neighbourhood in the city and are available at MRP rates. Mumbai’s streets are filled with various small businesses & street vendors, so locating groceries close shouldn’t be a problem.
The typical monthly grocery budget is in the region of Rs 2000 to Rs 20000.
| Standard of Lifestyle | Monthly Grocery Expenses |
| Low-range | Rs 1,500 – Rs 4,000 |
| Mid-range | Rs 4,000 – Rs 10,000 |
| High-range | Rs 10,000 – Rs 25,000 |
Note: The average estimate may change depending on the size of your family or the consumption of each member.
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Cooking and eating out
The most cost-effective strategy to reduce your food expenses is to cook for yourself or hire a cook. Students and professionals in Mumbai frequently use dabbas or tiffin services. In Mumbai, there are numerous eateries and lodging establishments that provide a wide range of cuisines as well as quick delivery services like Zomato and Swiggy.
The typical meal budget might range from Rs 2000 to Rs 6000.
| Type | Average Cost (INR) |
| Hired Cook | Rs 1,000 – Rs 10,000 per month |
| Tiffin Service | Rs 2,000 – Rs 3,000 per month |
Utility Services
Your monthly budget includes a sizeable sum for the money you spend on utilities like power, internet, gas, TV, DTH, cable, etc. However, this sum is based on your usage and the location in which you live.
The typical cost of utilities might range from Rs 3000 to Rs 6500.
| Type of Utilities | Average monthly Cost |
| Mobile tariff | Rs 500 |
| Electricity, cooling, heating, water, garbage | Rs 3,950 |
| Unlimited internet package | Rs 1000 |
Shopping and entertainment
Every person deserves time to relax and sleep after a long day of work or school.
Mumbai has a lot to offer, like strolling along Marina Drive and visiting numerous bars and restaurants. In Bandra, areas like Colaba Causeway, Pali Hill, & Linking Road offer fashionable clothing and accessories at reasonable costs.
Depending on a person’s lifestyle and spending habits, entertainment and shopping expenses can differ.
| Expenditure Type | Monthly cost for 1 Adult |
| Gym | Starting from Rs 800/- |
| Movie (PVR) | Starting from Rs 300/- |
| Shopping | Starting from Rs 1,500/- |
| Beauty care/Salon | Starting from Rs 1,000/- |
Education
There are numerous renowned top-tier schools and universities available for families in Mumbai. The amount of money spent on school-related expenses has a substantial impact on how much it costs a family to live in Mumbai.
- The monthly cost of education at a private school might range from Rs 5000 to Rs 15,000.
- The monthly cost of tuition at an international school might range from Rs. 10,000 to Rs. 25,000.
Conclusion
Mumbai is India’s financial centre and a major focus for trade, commerce, and exchange, offering its citizens a wide range of opportunities despite being India’s most crowded & expensive city!
The index of cost of living Mumbai will likely be 27.57. This blog breaks down living expenses and provides an average estimate based on the Mumbai cost of living index, which can help you better understand the normal monthly expenditure.
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