2) What salary is needed to live comfortably in Mumbai? Depending on your lifestyle, anything between 40000- 80000 should be good enough to live comfortably in Mumbai.
How much money do you need to live comfortably in Mumbai?
How much money do you need to live comfortably in Mumbai? If you choose to live in suburban areas of Mumbai, you will need an average of 40k-50k/ month which will include your house rent ranging from 18k-25k for 1/2 BHK. In South Mumbai rent alone for 1RK will range from 15k-20k.
What should be the minimum salary to live in Mumbai?
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 considered good in Mumbai?
A person working in Mumbai typically earns around 36,600 INR per month. Salaries range from 9,260 INR (lowest average) to 163,000 INR (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.
Is 50000 a good salary in Mumbai?
India is a poor country with very low per capita income. So in general, it is a very good salary. You can fulfil all your goals in life with a starting salary of Rs. 50,000.
Which is the cheapest place to live in Mumbai?
Malad is regarded as the cheapest residential area to live in Mumbai. Burgeoning demand for household hubs and good accommodations for the upper-class and middle-class population has been soaring. Malad connects with other major locations by SV Road, Link Road, and NH-8 Ferry.
Is 20000 a good salary in India?
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. With a combined income of Rs 20,000 a month, a couple can still lead a decent life in any Indian city.
Why Mumbai is costly?
Apart from that, Mumbai is actually cheaper for food and transport compared to other Indian metro cities. … The major reason why Mumbai is expensive is due to the high land costs. Residential and commercial spaces in Mumbai come at a high price.
Is Mumbai expensive to live?
Summary about cost of living in Mumbai, India: Family of four estimated monthly costs are 1,426$ (106,041₹) without rent. A single person estimated monthly costs are 405$ (30,154₹) without rent. Mumbai is 69.71% less expensive than New York (without rent).
Is 70000 a good salary in India?
Based on my experience i can help you giving a satisfying answer. The answer to your question is 70k/ month after tax. Its just the average. in rural 40k will do, in mumbai 90k will .
Who is considered rich in Mumbai?
Mumbai has the highest number of high net worth individuals (HNWIs), those with assets over $1 million, in the country. It’s where India’s richest man, Mukesh Ambani, lives.
Is 40 lakhs a good salary in Mumbai?
Experts say that indicates only one thing – real estate bubble ready to go pop. If your annual income is not Rs 40 lakh or more, buying a new house in Mumbai could remain a dream for you. … Several other real estate experts agree that at Rs 2 crore, the weighted average is way too high for a city like Mumbai.
What is the highest salary in Mumbai?
The highest paid Mumbai are Executive Management & Change professionals at $43,000 annually. The lowest paid Mumbai are Services, Tourism & Hospitality professionals at $4,100.
What salary is considered rich in India?
According to Hurun, there are 412,000 dollar-millionaire households / affluent households in India with a networth of at least Rs 7 crore. Hurun Rich Listers have a wealth of Rs 1,000 crore, the report says, and pegs the number of such cumulative households in India at 3,000.
In which job has highest salary in India?
List of Highest Paying Jobs In India
- Business Management. Business Management or Business analysts are the highest paying jobs in India. …
- Doctors. …
- Air Hostess Or Cabin Crew. …
- Chartered Accountants. …
- Commercial Pilot. …
- Aeronautical engineer. …
- Actor. …
- Company Secretary.
Which area is most expensive in Mumbai?
However, Malabar Hill, Cuffe Parade, Juhu Bandra and Worli are the most expensive localities in Mumbai, with property prices hovering at Rs 30,000-60,000 per sq ft. Let us look at the factors propelling the real estate values in these areas.