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Cost of Living and Working in Mumbai

by admin on October 2, 2022
Cost of Living and Working in Mumbai

Property Rates and Cost of living in Mumbai

The Financial Capital of India—Mumbai—is a famously expensive city. It is among the costliest metropolises in the country. The living cost here is higher compared to other major cities like Bangalore, Pune, and Delhi. Well, after all, it is one of the best places to live in India. If you are planning to move to this city, remember that the living cost will mainly depend on your location, lifestyle, and family size.

Depending upon your lifestyle and standard of living 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. Here is compilation of a detailed list of expenses that you may incur for various things, including food, commute, lodging, etc.

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

Mumbai: India’s most expensive city

According to Mercer’s 2021 Cost of Living Survey, Mumbai remains the most expensive city for expats in India and among the top 20 in Asia. However, Mumbai slipped to the 78th position, this year. After Mumbai, which dropped from 60th to 78th, New Delhi dropped 16 places this year and Chennai was down 15 places. Bengaluru gained one place while Kolkata gained four spots.

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

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.

Average rent for bachelorsRs 10,000 – Rs 20,000 per month
Household costRs 5,000 per month
Transportation costRs 300 – Rs 700 per month
Lifestyle costRs 2,000 – Rs 4,000 per month

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.

Average rent for familyRs 40,000 – Rs 50,000 per month
Household costRs 25,000 per month
Transportation costUp to Rs 20,000 per month

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.

Average rent for familyRs 30,000 – Rs 60,000 per month
Household costRs 15,000 per month
Transportation costUp to Rs 20,000 per month

Property prices in Mumbai

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

Average salary in Mumbai Based on Industry

Depending upon the industry and position, the average salary can vary as per one’s skills and location. According to LinkedIn, a social network for professionals, the average salary in Mumbai is Rs 4.4 lakhs per annum. This can go up to Rs 8.5 lakhs.

Average salary as per industry

IndustryAverage salary per annum
FinanceRs 7.1 lakhs
Energy and miningRs 6.5 lakhs
Recreation and travelRs 6.3 lakhs
EntertainmentRs 6 lakhs
Transportation and logisticsRs 5.5 lakhs

Average salary as per field of study

Field of studyAverage salary per annum
Civil engineeringRs 5.9 lakhs
MathematicsRs 5.8 lakhs
ElectronicsRs 5.4 lakhs
Electrical engineeringRs 5.3 lakhs
Computer programmingRs 5.2 lakhs

Healthcare in Mumbai

In a recently released report, titled ‘State of Healthcare in India’ by, the Mumbai Metropolitan stood fourth with parameters such as the number of beds, air quality and liveability pulling its overall score down. Below are the findings shared by on the state of healthcare in Mumbai.

Component of healthcare surveyedSatisfaction %
Skill and competency of medical staff72.36High
Speed in completing examination and reports71.57High
Equipment for modern diagnosis and treatment73.23High
Accuracy and completeness in filling out reports71.22High
Friendliness and courtesy of the staff64.06High
Satisfaction with responsiveness (waitings) in medical institutions53.98Moderate
Satisfaction with cost to you56.18Moderate
Convenience of location for you73.85High

Is it worth living in Mumbai?

It depends on your outlook and the lifestyle you seek. Mumbai is certainly one of the most expensive cities in India to live in and to attain a decent quality life, you may have to earn a higher package as compared to what you will need in other cities. With that being said, Mumbai has a lot of opportunities and the starting salaries are also comparatively higher than any other city. Moreover, the city has a decent green cover, open spaces and a strong public transportation system. With remote working in place, you will be able to save a lot of time. Regions like Navi Mumbai and Thane offer a better quality of life, owing to more open spaces and greenery and less congested roads than Mumbai. Ultimately, it depends on your job and the salary you are earning.

List of affordable areas in Mumbai

For buying:

AreaAverage property price (per sq ft)
Mira Road eastRs 8,521
Thane westRs 13,342
UlweRs 6,463
Virar westRs 5,502
KhargharRs 7,666
Dombivali eastRs 6,163
Andheri westRs 24,045
Kalyan westRs 6,892
ChemburRs 22,936
Borivali westRs 21,712

For renting:

AreaAverage rent
Thane westRs 12,379
Andheri eastRs 24,701
ChemburRs 23,716
Andheri westRs 29,054
KhargharRs 10,293

List of posh areas in Mumbai

AreaAverage property price (per sq ft)Average rent per month
Malabar HillRs 51,480Rs 4.5 lakhs
Cuffe ParadeRs 48,750Rs 3 lakhs
TardeoRs 47,786Rs 2.5 lakhs
JuhuRs 44,442Rs 1.75 lakhs
Bandra westRs 42,691Rs 95,000
WorliRs 37,013Rs 80,000

Analysis on Cost of living in Mumbai

As per the data available with various organizations, the following points can be used to summarise the cost of living in Mumbai:

  • For a family of four, the  estimated monthly costs are Rs 1 lakh approximately, without rent.
  • For a single person, the estimated monthly costs are Rs 30,000 without rent.
  • 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.

FAQs  on Living and Costing in Mumbai Region

1) What is the average salary in Mumbai?

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

2) What should be the minimum salary to live in Mumbai?

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

3) 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.

4) Is Mumbai expensive?

Mumbai is among the most expensive cities in Asia.

To conclude, Mumbai ‘City of Dreams.’is certainly an expensive city, but it is still a safe and beautiful place to live and for ambitious career.


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