Are you curious about knowing the cost of living in Mumbai, the capital city of the Indian state of Maharashtra? If yes then this article will let you know everything related to the cost of living in this megacity of India.
Mumbai, the city of dreams has always attracted millions of people over the years. Some come to fulfill their dreams whereas others come here to make a decent living.
From sports masters to Bollywood celebrities, financial capital to singing maestros, this land has fulfilled many dreams. This city has provided for every ones’ needs.
The city bustles with life and is blessed with a beautiful environment so that, anyone would want to spend time here. Coming here, most people find a home immediately, but there are cases where people end up dragging their soles in the search of a good place.
If you are thinking about Asia’s biggest slum here, then let it not fool you, this place is home to more than 2,50,000 millionaires. The financial capital of the country is one of the most developed cities with a growing population every year.
If you are among those who want a decent stay, then you may have to compete hard and that has brought the property prices and cost of living in Mumbai quite high.
However, if you earn a decent living and have a stable job then this place is worth spending every penny to buy or rent a place in such a mesmerizing city that offers all the comfort, amenities, and above all luxury.
Standard living cost in Mumbai is not always the same. The cost varies from time to time and depends on the place. If you are planning to move here or want to shift to a different part of the city you better get the calculations right to avoid troubles in the future
Factors That Affects the Cost of Living in Mumbai, India’s Most Expensive City
Accommodation
Standard living prices in Mumbai vary with differences in the kind of infrastructure, connectivity, demand, and supply in a given location. The cost of properties in Mumbai is on the expensive side of the bar.
In fact, they are the most expensive ones in India. Surprisingly, Navi Mumbai, a growing satellite city sports lesser rates for the property than Mumbai, even with high-quality infrastructures and amenities.
Renting house
Most people who have shifted to Mumbai recently may find renting a house could take away a great chunk of the budget while living in Mumbai. The cost of renting a place in Mumbai depends on the locality and the type of house you are planning to shift into.
Renting a flat seems like the best option over buying one as the costs are quite high. Mumbai is home to most celebrities and industrial personalities and has a lot of posh localities to choose from. These places are also very expensive.
If you are looking for such localities, then Malabar hills, Juhu, Mahalaxmi, and Peddar road should be on your list. Choosing a locality based on the budget can help you maintain expenses effectively.
As the public transport system is quite effective traveling to different areas becomes easier so, you don’t have to worry about traveling to work far away from your home.
Food and grocery
Once you fix your accommodation, the next thing you need is to fix food and grocery. If you are planning to cook yourself then that would be the best way to save some money.
If not then you can hire a maid or cook. There is another option available, which is tiffin vale. This can cost you approx. 3K per month. Services such as MyChores and Helper4U are also there costs you around 5K to book cooking and maid services. There are Swiggy and Zomato to help you on the lazy days.
Mumbai is home to extraordinary street food such as Vada Pav, Chole, and Paav Bhaji and such others. So, if you plan to go on a stroll then try the Mumbai street food out. Grocery shopping could go up to 6K per month.
Electricity
Another important commodity that one can’t live without is electricity. In Mumbai, the cost of electricity varies on the location and the consumption. The per-unit cost can go up to Rs150 for the consumption of electricity.
This means consuming an average of 200 units of electricity will cost you approx. Rs600 monthly. In case you are using an air-conditioner, it may go up to Rs900.
Gas
On monthly basis, the gas rates are revised. Gas connections in Mumbai can cost Rs590 per month. You can also use induction.
Childcare and education facility
The cost of primary schooling in Mumbai comes to around 15K to 1Lac monthly and high schools may go up to 10K to 1Lac plus and that greatly depends on the locality and the curriculum. One can choose from ICSE, CBSE, and State Board schools. Depending upon one’s locality and budget you can choose accordingly.
If you are working and need a crèche, then the average expense would come in between 3K to 5K per month. The hourly fees can go up to 200 bucks. You can also hire a nanny if you are not comfortable sending your kid away to any day-care centres.
Transport
In Mumbai, most people like to travel by local transport system, which is quite cost-efficient, well-connected and fast.
If you are trying to follow a strict budget, then you can take buses or local trains. Mumbai sports the largest organized bus network in India. The local trains are also quite efficient, saves you from traffic, and saves you a lot of bucks. You can get quarterly, monthly, and even yearly passes according to your requirement. They can cost you between Rs 5 to 1000. There is a metro train service also.
Apart from these, you can also opt for autos and taxis and may cost you according to the distance traveled. They run strictly on meters, unlike other cities. You can also take the help of Uber and Ola.
The Average Cost of Living in Mumbai for Families, Couples and Bachelors
| Description | Families | Couples | Bachelors |
| Accommodation | Rs 15,000 – 40,000 | Rs 12,000 – 20,000 | Rs 6,000 – 9,000 |
| Groceries | Rs 10,000 – 25,000 | Rs 4,000 – 10,000 | Rs 1,500 – 3,000 |
| Transport | Rs 1,500 – 3,000 | Rs 1,500 – 2,500 | Rs 1,000 – 15,00 |
| Utilities | Rs 2,200 – 3,000 | Rs 2,200 – 3,000 | Rs 2,000 – 3,000 |
| Entertainment | Rs 2,000 – 5,000 | Rs 1,500 – 4,000 | Rs 4000-7000 |
| Shopping | Rs 3,500 – 6,500 | Rs 3,000 – 5,000 | Rs 4,000-5,000 |
| Kids Schooling | 3,000 – 12,000 | Nil | Nil |
Posh Areas to Live in Mumbai for Families and Job Seekers (Approx. Rent Rates)
| Localities | 1 BHK | 2 BHK | 3 BHK |
| Dadar | Rs 27000 – 39000 | Rs 40000 – 60000 | Rs 50000 – 70000 |
| Worli | Rs 38000 – 60000 | Rs 55000 – 90000 | Rs 65000 – 1lac |
| Juhu | Rs 45000 – 55000 | Rs 55000 – 70000 | Rs 65000 – 80000 |
| South Mumbai | Rs 30000 – 40000 | Rs 40000 – 60000 | Rs 60000 – 100000+ |
| Bandra West | Rs 35000 – 43000 | Rs 38000 – 60000 | Rs 55000 – 90000 |
| Andheri West | Rs 30000 – 45000 | Rs 40000 – 50000 | Rs 40000 – 70000 |
| Jogeshwari (W) | Rs 23000 – 30000 | Rs 35000 – 50000 | Rs 40000 – 65000 |
Affordable Places to Live in Mumbai for Families and Students (Approx. Rent Rates)
| Localities | 1 BHK | 2 BHK | 3 BHK |
| Goregaon | Rs 8000 – 10000 | Rs 23000 – 30000 | Rs 35000 – 50000 |
| Thane | Rs 10000 – 12000 | Rs 18000 – 25000 | Rs 35000 – 65000 |
| Navi Mumbai | Rs 5000 – 12000 | Rs 15000 – 25000 | Rs 20000 – 30000 |
| Kurla | Rs 12000 – 20000 | Rs 18000 – 30000 | Rs 28000 – 40000 |
| Sion | Rs 13000 – 23000 | Rs 25000 – 40000 | Rs 32000 – 55000 |
| Saki Naka | Rs 11000 – 20000 | Rs 18000 – 32000 | Rs 30000 – 45000 |
| Mulund | Rs 15000 – 19000 | Rs 22000 – 34000 | Rs 30000 – 48000 |
| Chembur | Rs 12000 – 18000 | Rs 21000 – 27000 | Rs 30000 – 43000 |
| Dahisar | Rs 10000 – 15000 | Rs 15000 – 23000 | Rs 18000 – 30000 |
Approx. Rent Rates for Students Who Want to Live in PGs in Mumbai
| Localities | Rent |
| Ghatkopar | Rs 12,000 |
| Chembur | Rs 15,000 |
| Kurla | Rs 12,000 |
| Sion | Rs 11,000 |
| Parel | Rs 16,000 |
| Chembur | Rs 13,500 |
| Jogeshwari (E) | Rs 12,000 |
Summary
Mumbai has always been a land of dreams and has fulfilled many of them. Having a place here is the best thing one can afford. So, get a place here today and take one step closer to living your dream.
