Mumbai is a city that never sleeps. The city's irresistible charm attracts thousands of individuals to make their dreams come true. The “City of Seven Islands” is an important hub for commerce, trade and business. Furthermore, it is the financial capital of India. Due to these factors, the cost of living in Mumbai is comparatively higher than that in the other metropolitan cities in India.
In this article, we will look at the living expenses in Mumbai for students, bachelors, couples and a family of four.
The average cost of living in Mumbai depends on several expenditures. These include the cost of buying or renting a living space, groceries, transport, utilities, and many more.
The table below shows the approximate cost of these deciding factors –
| Area of Expense | Bachelors and Students | Couples | Family of Four (2 Adults + 2 Kids) |
| Accommodation | ₹ 6,000 - ₹ 9,000 | ₹ 12,000 - ₹ 20,000 | ₹ 15,000 - ₹ 40,000 |
| Groceries | ₹ 1,500 - ₹ 3,000 | ₹ 4,000 - ₹ 10,000 | ₹ 10,000 - ₹ 25,000 |
| Transport | ₹ 1,000 - ₹ 1,500 | ₹ 1,500 - ₹ 2,500 | ₹ 1,500 - ₹ 3,000 |
| Utilities | ₹ 2,000 - ₹ 3,000 | ₹ 2,200 - ₹ 3,000 | ₹ 2,200 - ₹ 3,000 |
| Entertainment | ₹ 4,000 - ₹ 7,000 | ₹ 1,500 - ₹ 4,000 | ₹ 2,000 - ₹ 5,000 |
| Schooling of kids | NA | NA | ₹ 3,000 - ₹ 12,000 |
The factors that determine the cost of living in Mumbai for a student or bachelor, couple or a family of four are –
The major chunk of the monthly budget gets spent on paying the rent of living space. The cost of land is high, and so is the price for rent. However, the rent varies from area to area. The table below shows the approximate price to buy or rent a property in Mumbai –
|
Classification of Rentals |
Rent per Month |
Property Price |
|
1 BHK |
₹ 30,000 |
₹ 1.5 crores |
|
2 BHK |
₹ 50,000 |
₹ 2.5 crores |
|
3 BHK |
₹ 80,000 |
₹ 4 crores |
| Locality | 1 BHK | 2 BHK | 3 BHK |
| Goregaon | ₹ 8,000 - ₹ 10,000 | ₹ 23,000 - ₹ 30,000 | ₹ 35,000 - ₹ 50,000 |
| Thane | ₹ 10,000 - ₹ 12,000 | ₹ 18,000 - ₹ 25,000 | ₹ 35,000 - ₹ 65,000 |
| Navi Mumbai | ₹ 5,000 - ₹ 12,000 | ₹ 15,000 - ₹ 25,000 | ₹ 20,000 - ₹ 30,000 |
| Kurla | ₹ 12,000 - ₹ 20,000 | ₹ 18,000 - ₹ 30,000 | ₹ 28,000 - ₹ 40,000 |
| Sion | ₹ 13,000 – ₹ 23,000 | ₹ 25,000 - ₹ 40,000 | ₹ 32,000 - ₹ 55,000 |
| Locality | 1 BHK | 2 BHK | 3 BHK |
| South Mumbai | ₹ 30,000 - ₹ 40,000 | ₹ 40,000 - ₹ 60,000 | ₹ 60,000 - ₹ 1,00,000 |
| Andheri West | ₹ 30,000 - ₹ 45,000 | ₹ 40,000 - ₹ 50,000 | ₹ 40,000 - ₹ 70,000 |
| Bandra West | ₹ 35,000 - ₹ 43,000 | ₹ 38,000 - ₹ 60,000 | ₹ 55,000 - ₹ 90,000 |
| Jogeshwari West | ₹ 23,000 - ₹ 30,000 | ₹ 35,000 - ₹ 50,000 | ₹ 40,000 - ₹ 65,000 |
| Worli | ₹ 38,000 - ₹ 60,000 | ₹ 55,000 - ₹ 90,000 | ₹ 65,000 - ₹ 1,00,000 |
Affordable Paying Guest
|
Locality |
Approximate Rent Per Month |
|
Sion |
₹ 11,000 |
|
Jogeshwari East |
₹ 12,000 |
|
Ghatkopar |
₹ 12,000 |
|
Kurla |
₹ 12,000 |
|
Chembur |
₹ 15,000 |
|
Parel |
₹ 16,000 |
Mumbai offers its residents a wide range of transport facilities. It is a fact that Mumbai has the largest network of local trains and buses which help the people avoid traffic and cut down the travelling costs, respectively.
|
Category |
Approximate Cost |
|
One-way ticket for local transport |
₹ 20 |
|
Monthly pass for local transport |
₹ 350 |
|
Taxi 1 km (normal tariff) |
₹ 25 |
|
Price of petrol (as of 25th April 2022) |
₹ 115.1 |
|
Price of diesel (as of 25th April 2022) |
₹ 99.83 |
|
Cabs (base fare) |
₹ 35 - ₹ 45 |
All the things of daily need like rice, bread, milk, fruits, poultry products, etc., are easily available in nearby 'Kirana stores' and supermarkets. Furthermore, several online grocery delivery apps provide groceries to your doorstep.
|
Grocery Items |
Approximate Cost |
|
Regular milk (1 litre) |
₹ 50-60 |
|
White bread (1 loaf) |
₹ 35-40 |
|
Rice (1 kg) |
₹ 50-60 |
|
Regular eggs (1 dozen) |
₹ 75-80 |
|
Local cheese (1 kg) |
₹ 450-500 |
|
Chicken fillets (1 kg) |
₹ 270-280 |
|
Apples (1 kg) |
₹ 160-170 |
|
Bananas (1 kg) |
₹ 50-55 |
|
Oranges (1 kg) |
₹ 90-100 |
|
Tomato (1 kg) |
₹ 30-40 |
|
Potato (1 kg) |
₹ 30 |
|
Onion (1 kg) |
₹ 30-40 |
|
Lettuce (1 head) |
₹ 40-50 |
The money spent on utilities such as electricity, internet, gas, TV, DTH, cable, etc., adds up a significant amount to your monthly budget. However, this amount depends on the areas where you live and the usage.
|
Type of Utilities |
Approximate Cost |
|
Electricity, cooling, heating, water, garbage |
₹ 3,950 |
|
Local prepaid mobile tariff (1 min) |
₹ 0.8 |
|
Unlimited internet package |
₹ 786 |
Every individual needs some time to relax and unwind after a long day of studies or work. Mumbai offers numerous choices in this regard. Starting from taking a walk around the Marina drive to bar hopping to a number of pubs and bars, Mumbai has it all.
|
Area of Expense |
Approximate Cost |
|
1 month gym membership |
₹ 2,200 |
|
1 hour rent for a tennis court |
₹ 878 |
|
1 seat at a cinema hall |
₹ 300 |
|
Meal in an affordable restaurant (1 person) |
₹ 300 |
|
Three-course meal in a mid-range restaurant |
₹ 1,800 |
|
McMeal at McDonald's |
₹ 300 |
For families living in Mumbai, there are a number of well-known first-class schools for the schooling of kids. The money spent on the tuition fees of the schools plays an important role in deciding the cost of living in Mumbai for a family.
|
Schools and Childcare |
Approximate Cost |
|
Preschool, private, full-day |
₹ 9,100 per month |
|
International primary school |
₹ 2,37,000 yearly |
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Disclaimer: This information is added only for informative purposes and collected from different sources across the Internet. Digit Insurance is not promoting or recommending anything here. Please verify the information before making any decisions.
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