11%. This assumes net earnings (after income tax). Cost of living index in Mumbai is 69.76% lower than in New York. The Cost of Living in Mumbai is low. It is situated at elevation 8 meters above sea level. Mumbai has a population of 12691836 people. The basic cost of household utilities cost about 61.26 USD, while add-on service like broadband internet costs about 30 USD, both paid on a monthly basis. As India's capital of finance, Mumbai has the greatest number of fin-tech startups, while the cost of living and rental prices remain reasonably low.. Mumbai is one of the top ten city matches for 14.2% of Teleport users. It operates on the Asia/Kolkata time zone, GMT: 5.5. It operates on the Asia/Kolkata time zone, GMT: 5.5. Mumbai ranks 5th among 20 cities in Asia Pacific that can emerge as co-living destination, property consultant Knight Frank said on Monday. Cost of living in Mumbai (India) is 53% cheaper than in Brussels (Belgium) Prices recently added. Updated Sep 2020 Mumbai, city in India located in Southern Asia. Mumbai. Cost of Living / India / Mumbai; Cost of Living Score. Price Index: To calculate each city's Price Index value, we start by assigning a value of 100 … Mumbai is 75% cheaper than New York City. Food - 13%; Food in Bangalore (India) is 13% cheaper than in Mumbai (India) Basic lunchtime menu (including a drink) in the business district: ₨389 ₨593 - 34%: Combo meal in fast food restaurant (big mac meal or similar) ₨306 ₨331 - 8%: 500 gr (1 lb.) A single person costs: $918 per month. Current prices of 53 goods and services in 10 categories in Mumbai. 66%. Mumbai has a population of 12691836 people. A recent survey says that it has slipped 12 spots on the global, Mumbai slips 12 spots on cost of living index. Mumbai occupies the fifth position in the Asia Pacific Co-living Index by Knight Frank while New Delhi is ranked 11th and Bengaluru 19th. more expensive than. more expensive than. Drinks in London. of boneless chicken breast: ₨153 ₨163 - 6%: 1 liter (1 qt.) Cost of Living in Mumbai (Guide for Bachelors, Couples, and Family) November 27, 2018. by Dennis Nath. Family of four estimated monthly costs: ₨154,287. Find property prices & trends in Mumbai at 99acres.com. Breakdown of prices in Mumbai, India for housing, food, transportation, going out for January 2021. The rents vary according to the area of your choice. Cost of living in Bangalore, India vs Mumbai, India. Blue rice is the latest craze that is Insta worthy too! Pair of Jeans in a Chain Store Like George, H&M, Zara, etc. “In India, the overall positioning of surveyed cities and quality of living remains largely unchanged from the previous year. Living Costs in Mumbai. A good 1 BHK in this area will cost Rs27,000 to 30,000. New Delhi at 11th rank and Bengaluru at 19th are the two other Indian cities in the list, according to Knight Frank's report 'Insights on Co-living: An Asia-Pacific Perspective.' You can calculate cost of living in Mumbai by changing quantity using input near each good or service. This also makes it the most expensive city in South India. For stu… Average salaries also included. A 1BHK in Powai would cost about 30,000 Rs. Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds or Alternative Combo Meal, Chicken Breasts, Boneless and Skinless, 1 kg, Beef Round or Equivalent Back Leg Red Meat, 1 kg, Taxi, price for 1 hour Waiting, Normal Tariff, Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Basic utilities for 85m2 Apartment including Electricity, Heating or Cooling, Water and Garbage, Internet, 60 Mbps or More, Unlimited Data, Cable/ADSL, Mortgage Interest Rate in Percentages, Yearly, Fixed-Rate, Private Preschool or Kindergarten, Monthly for 1 Child, International Primary School, Yearly for 1 Child. In this article, using data from various public sources, let us try to explore and better understand the cost of living in Mumbai, India . Prices of food, restaurants, transportation, utilities, clothing and apartment rent & buying costs in Mumbai. Total cost of living in Mumbai for two person with average consumption for one month will be 435.97 USD, no rent price included. The land prices are high and so are the rental prices. Mumbai tops the chart of the cost of living index across the top eight cities in the country. For reprint rights: Times Syndication Service, BENGALURU: Mumbai, India’s most expensive city, appears to have become more affordable. 5000-12000 per month in areas like Navi Mumbai, Thane, etc. Cost of Living in Mumbai. BENGALURU: Mumbai, India’s most expensive city, appears to have become more affordable. is. What is the cost of living in Mumbai? Cost of Living in Mumbai, India Access data about cities and countries worldwide. The cost of living for expatriates in Mumbai as at October 2020 is low in comparison to other places in the world, with an overall Cost of Living Index (COLI), for all 13 basket groups, of 50.21 (New York =100). to as high as Rs. Search. Mumbai is the most expensive city in India (1 out of 6) Cost of living in Mumbai is cheaper than in 53% of cities in Asia (8 out of 15) Monthly rent costs: $545 per month. Mumbai residential housing prices continue to be among the most expensive in the world. The Times of India News App for Latest City News, Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. The quality of living remained broadly unchanged from last year in other key cities, including Bengaluru (149 ), Chennai (151) , Mumbai (154), and Kolkata (160) . Cost for a single person to live in Mumbai. A recent survey says that it has slipped 12 spots on the global cost of living index to 67 from 55. Mumbai ranks 57th as the world's most expensive city . Rental Accommodation will burn the biggest hole in your pockets. Coffee costs: $0.91. Chennai has moved two places up since last year to be the third most expensive city in the country. For an average Indian, living costs in Mumbai may be a nightmare. Hiranandani Business park, Powai – Powai is a tech hub with a lot of startups and businesses setting up shop there. Cost of living and prices in Mumbai, prices of food, rent, shopping, etc. The maximum chunk of your budget goes into paying rent. The cost of living index may be higher than other cities in India, but there’s so much to do in Mumbai, such a lovely confluence of people from all over India, so much history, passion, and tears, it will leave you astounded. You just need to type London and Mumbai in our compare tool to find pertinent information in an easy to understand list format. What is the cost of living in Mumbai for students, couple, family, bachelors? Health Benefits of Cornflakes for diabetes, Five types of Ladoos you can make this Makar Sakranti, Bluetooth Speakers For Kids With Features That Are Ideal For Younger Users, Terms of Use and Grievance Redressal Policy. “Mumbai is ranked 5th in its co-living index that tracks markets’ possibility of success as co-living destination,” the consultant said in a statement. It is said that those who wish to shift to Mumbai never come alone, they have big dreams in their eyes and are not only attracted to experience its culture and beauty but to make it their own home. Coordinates: 19.07283 latitude and 72.88261 longitude. Mumbai is often described as a place of contrasts and this is never more evident than in the stark divides between the rich and the poor. A single traveler costs: $1,179 per month. is. Item Cost (INR) Estimated monthly living expenses for a single person (excluding rent) 23191: Rent/month for 1 bedroom apartment outside of city centre (lower est.) Technopolis Knowledge Park – is a tech park located in Andheri East. But the new Worldwide Cost of Living 2014 index has thrown up an interesting finding Summary of cost of living in Mumbai. Cost of living in Mumbai (India) is 16% cheaper than in Kraków (Poland) Prices recently added. Rent in Mumbai is, on average, 79.07% lower than in New York. It is also home to the Bollywood film industry. A 2BHK will cost between Rs 40,000 to 45,000. Family of four estimated monthly costs are 1,388.96$ (101,465.73₹) without rent (using our estimator). A single person estimated monthly costs are 397.94$ (29,070.43₹) without rent. Anup Jalota, Hariharan, Sonu Nigam & Shaan attend classical musician Ustad Ghulam Mustafa Khan’s funeral in Mumbai, NSUI files complaint against Arnab Goswami over leaked WhatsApp chats, UP: ‘Inflammatory slogans’ during temple event in Meerut, 2 arrested, Covid-19 vaccination drive: Delhi gears up for roll-out at 81 sites, Viral video: Stray dog relaxing on govt hospital bed in UP's Moradabad, Shocking: 50-year-old man shot dead in northeast Delhi. A family costs: $2,060 per month. Like any fast-rising economy in a developing city, the low cost of living attracts expatriates like bees to honey. Delhi is second this year too, although it lags behind Mumbai by a solid 40%. No additional service or support is provided. However average Cost of living in Mumbai for family and couple is $2120 for students is $717 and for bachelor is $455. This calculation uses our Cost of Living Plus Rent Index to compare cost of living. Mumbai is the most expensive city in India again this year! Tech Parks in Mumbai . This site is provided as is without warranties of any kind. This assumes net earnings (after income tax). 0 Comments. One bedroom apartment outside of city centre, Three bedroom apartment outside of city centre, Sign up to Airbnb and get €41 on your first trip. Resulting total will appear in a floating box in the bottom of your screen. It is situated at elevation 8 meters above sea level. Foods in Mumbai. Mumbai, India's Financial Capital, is the most expensive for expats, says Mercer's annual Cost of Living survey. If you want to experience India in terms of its young, the hard-working, the ambitious populace, come to Mumbai. No two days are the same. Or browse by: Job City State Country. Coordinates: 19.07283 latitude and 72.88261 longitude. Mumbai, city in India located in Southern Asia. Mumbai provides you with various options ranging from as low as Rs. You would need around 365,613.27₹ (4,086.60€) in Venice to maintain the same standard of life that you can have with 150,000.00 ₹ in Mumbai (assuming you rent in both cities). Single person estimated monthly costs: ₨81,214. Top localities in Mumbai include Dadar East where prices are Rs 31,000 per sq ft on an average followed by Matunga at Rs 29,900 per sq ft, Dadar West with average property rate at Rs 34,600 per sq ft and Bandra East where you can opt for a property for an average rate of Rs 28,335 per sq ft. All these localities have a liveability quotient of 9.8 and above on a scale of 10. If you want to compare the cost of Living in London VS Mumbai, please visit our page and find comprehensive information related to the prices of the groceries, taxi fare, hotel prices, and compare easily. Explore cost of living, weather and travel information … As per the data from our users on costoffling.com website, rental expenses for family and couple is $2046 for students is $664 and for bachelor is $390 . Summer Dress in a Chain Store Like George, H&M, Zara, etc. The cost of living incorporates most everyday expenses: groceries and restaurants, … Mumbai, the most populous city in India, offers a wide variety of jobs from conventional industries to IT services. You just need to type Mumbai and Bangalore in our compare tool to find pertinent information in an easy to understand list format. Compare real estate trends in Mumbai to identify best locality in Mumbai for investment. You would need around 345,536.91₹ (3,967.80€) in Frankfurt to maintain the same standard of life that you can have with 150,000.00 ₹ in Mumbai (assuming you rent in both cities). 30000-50000 in areas like South Mumbai, Juhu, etc. Get information on cost of living, employment, tax and crime. Cost Of Living. If you want to compare the cost of Living in Mumbai VS Bangalore, please visit our page and find comprehensive information related to the prices of the groceries, taxi fare, hotel prices, and compare easily. This calculation uses our Cost of Living Plus Rent Index to compare cost of living. Park located in Southern Asia developing city, appears to have become more.!, is the most expensive for expats, says Mercer 's annual cost of living Mumbai... Wide variety of jobs from conventional industries to it services unchanged from the previous year, and )!, employment, tax and crime to honey locality in Mumbai ( India ) is 16 % than! Land prices are high and so are the rental mumbai cost of living index to live in Mumbai is the cost of attracts! Living costs in Mumbai may be a nightmare elevation 8 meters above sea level breakdown of mumbai cost of living index in Mumbai identify! In Kraków ( Poland ) prices recently added George, H &,. 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