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What is the Cost of Living in Mumbai in 2025?

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 India's financial capital.
Due to these factors, the cost of living in Mumbai is comparatively higher than that in the other metropolitan cities in India. Thus, knowing the average living costs and key expenses is crucial if you plan to relocate to this city.
Here is a detailed guide on the cost of living in Mumbai in 2025 for bachelors, students, couples, and families.
Table of Contents
What is the Average Cost of Living in Mumbai?
Mumbai has the highest living costs among all the major metropolitan cities in India. However, the average living expenses in this city will tend to differ based on factors like accommodation, lifestyle choices, and personal expenses.
Find the average cost of living in Mumbai in the table below:
Cost of Living in Mumbai for Bachelors
The living expenses in Mumbai for a bachelor are based on components like rent, transportation, groceries, utilities, entertainment, and more. Moreover, it tends to differ across individuals based on location and personal spending habits.
Check out the cost of living in Mumbai for a single person in the table below:
Cost of Living in Mumbai for Students
The living costs for students in Mumbai depend upon the accommodation, location, transportation costs, utilities, and food expenses. Also, the individual’s personal spending habits and lifestyle choices come into play in this regard.
Listed below are the key expenses for students in Mumbai:
Cost of Living in Mumbai for a Family
Regarding families, the cost of living in Mumbai depends upon factors like the number of members, type of accommodation, child’s education costs, groceries, utilities, and more.
Check out the key expenses for families living in Mumbai:
Cost of Living in Mumbai for Couples
For couples, the cost of living in Mumbai includes accommodation, groceries, food expenses, utilities, transportation, etc.
Find all the details listed below:
Factors That Determine the Cost of Living in Mumbai
1. Accommodation
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.
Furthermore, the table below shows the approximate cost of rent per month in the most affordable and posh areas in Mumbai –
Price for Rent in Affordable Areas:
Price for Rent in Posh Areas:
Affordable Paying Guest
2. Transport
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.
3. Groceries
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.
4. Utilities
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.
5. Entertainment
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.
6. Childcare
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.
Tips on Reducing the Cost of Living in Mumbai
Following are some of the most effective tips to reduce your cost of living in Mumbai:
- If you are a student, consider going for shared accommodations.
- In case you are a couple or have children, choose the size of your property based on the number of family members.
- Job seekers should consider living in areas that are near to their workplace.
- Use public transport like buses and metro instead of autorickshaws and cabs.
- Do your own housework to avoid costs related to hiring a maid.
- Shop at local markets for your everyday needs.
- Cook at home to save on dining-out costs.
- Leverage the free recreational facilities in your area.
- Make a comprehensive budget plan and regularly track your expenses.
- Think about getting a health insurance plan for your family to manage the cost of health-related treatment.
Cost of Living in Mumbai vs Other Metro Cities
Compared to other major metropolitan cities in India, the cost of living in Mumbai is the highest. cost of living in Delhi and living expenses in Bangalore are cheaper in comparison, while Chennai has the lowest overall living costs.
Find more details in the table below:
Important Things to Know Before Moving to Mumbai
Listed below are some of the essential factors that you must know before shifting to Mumbai:
Job Market and Economy
Mumbai is India's financial capital, offering many job opportunities across industries like banking, financial services, IT, consumer packaged goods, etc. Moreover, it houses the Bollywood film industry, which attracts people from all over the country.
Accommodation Options
You will find many housing options in Mumbai, including flats, standalone houses, apartments in gated complexes, bungalows, etc. Thus, whether you are a bachelor or have a family, you can find a property that can cater to your requirements.
Weather and Climate
Mumbai has a maritime climate due to its proximity to the sea. Thus, it is relatively warm throughout the year. Humidity levels are usually high, and waterlogging and flooding are common during the monsoon season. Thus, if you relocate to Mumbai, try renting flats in an area that is not prone to waterlogging.
Transportation Challenges
Mumbai has some of the worst traffic in the country. However, the city has an extensive network of trains, enabling you to reach any part of the metropolitan with ease.
Language and Communication
In Mumbai, most people speak Marathi. However, you can easily communicate using Hindi and English.
Now that you have a clear idea of the cost of living in Mumbai, you can easily plan out a monthly budget before moving to this city. Also, remember that the cost of living will not be the same for everyone.
Thus, you need to plan your expenses based on your lifestyle choices and personal expenses before moving.
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