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Tokyo is one of the leading industrial centres in the world. A number of companies have their corporate headquarters located in Tokyo. Furthermore, the city is well-known for its job opportunities, tradition and culture that welcomes students and expats from all over the world for education and jobs.
In this article, we are going to see the cost of living in Tokyo for a month.
The average cost of living in Tokyo is quite expensive compared to other top cities globally. The table below shows the approximate monthly cost of living in Tokyo for a family of four, bachelor and students:Â
The typical expenses for a bachelor's degree in Tokyo City include housing, utilities, food, leisure activities, transportation, and more. The table below highlights some of the main costs. The table below reflects some of the key expenditures:
The following table signifies some of the key outlays associated with the cost of living in Tokyo for students:Â Â Â Â
Tokyo, known for its luxury and high cost of living, offers a variety of accommodation options such as apartments, cottages, villas, and more. The table provided below outlines some of the main expenses associated with living in this vibrant city
The expenses associated with living in Tokyo for couples include costs for housing, utilities, food, transportation, entertainment, and more. Refer to the table provided for a comprehensive overview:
Here are the common factors that impact the cost of living in Tokyo, Japan:
Most expats prefer living in serviced or furnished accommodations that are larger and much more expensive than other living spaces in the city. The average rent of these houses varies depending on the housing type, size, age of the property and the amenities available.
In general, the monthly rent of a house is highest in the city centre and comparatively lower in the surrounding suburbs and outskirts of Tokyo.
The table below shows the approximate price of buying a property in Tokyo:
Grocery is the only expense area where an individual can easily save money. Just like any other place in the world, one can save a lot by purchasing seasonal vegetables and fruits and cooking with local ingredients. The table below shows the approximate cost of some basic grocery items in Tokyo:
Tokyo is known for having one of the most efficient transportation systems in the world. Its convenience, speed, and timeliness are praised far and wide. The city is interconnected by trains, buses, and subways. Furthermore, students in Tokyo enjoy the benefits of a monthly pass, using which they can make unlimited stops between their campus and home.
The money spent on basic utilities like electricity, gas connection, water supply, internet and mobile prepaid package adds up a significant amount to the monthly expenses in Tokyo.
Tokyo has a number of movie theatres, nightlife hotspots, and game centres where you can relax and enjoy yourself. However, these areas demand a lot of money. Therefore, be careful to manage your expenses wisely.
While evaluating the cost of living in Tokyo, a person should consider the monthly tuition fees of their kids. Tokyo has a number of reputed schools and colleges that impart high-end education and training to children.
The table below illustrates the best international schools in Tokyo –
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Here are the best ways to reduce the cost of living while residing in Tokyo, Japan:
Discussed below are the crucial things you need to remember while moving to Tokyo:
Therefore, Tokyo is one of the costliest cities in the world. However, an individual's lifestyle and standard of living play the most crucial role in deciding the cost of living in Tokyo. Managing your expenses wisely can help you save more money at the end of the month or year.
Tokyo's standard of living is relatively high. Furthermore, the city ranks fourth among the most expensive in the world.
To lead a comfortable life in Tokyo, an individual must earn ¥ 4 - ¥ 5 million annually.
According to the 2021 Mercer Cost of Living Survey, Tokyo is the fourth most expensive city for expatriates. Groceries are 41.51% more expensive in Tokyo than in London, but Tokyo is relatively cheap overall, as it is believed to be the leading city in Tokyo and California.
The cost of membership in gyms in Tokyo may vary. General or base memberships may start from around ¥5,000 to ¥10,000 per month. However, specialised fitness classes would need to be paid for separately.
For students or young adults who share accommodations and live on a tight budget, total expenses would rise to about ¥100,000 to ¥150,000 per month, inclusive of rent, utilities, groceries, and transportation.
The cost of monthly phone plans in Tokyo will depend on the amount of data available and free calls/texts. The base plan can usually start between ¥5,000 and ¥7,000 per month.
Residents of Tokyo may need to pay residential tax, which is based on income and property ownership. The amount varies depending on individual circumstances.
So, the cost would involve parking, compulsory insurance, and road tax. Parking alone could be ¥20,000 to ¥50,000 per month or more, depending on the district.
Yes, frankly speaking, Tokyo is more expensive than other Japanese towns. The living costs, particularly on rent, dining, and entertainment, are higher than in other Japanese cities.
Yeah, Tokyo is basically one of the safest cities having low crime rates. The local culture is generally conducive to respect and orderliness, hence a safe environment for both residents and visitors.
Tokyo has a unique mix of cultural richness, cutting-edge infrastructure, quality healthcare and education systems, smooth transportation by public conveyance, and a bright cuisine and entertainment scene that makes it an exquisite place to live for both locals and expatriates seeking a high-quality life.
Noticeably, it all depends on the region and size. From ¥100,000 a month for a small apartment in central areas like Shibuya or Shinjuku.
Japan has a health care system that covers everyone, but not for free. Although out-of-pocket expenses differ, basic consultations are suitably priced.
Yes, you do, although the city's central parts are relatively costlier, and the outlying and suburban districts provide cheaper accommodation.
The average cost of keeping a car in Tokyo is very high. This is because of the high costs associated with parking, insurance, and taxes. It ranges between ¥30,000 and ¥60,000 or even higher.
Even though the costs of housing are very not really low when compared with that of another big city, in a certain area within Tokyo, there is a huge range of vast differences.
Yes, one can live reasonably in Tokyo through some sensible monetary management and some cheaper housing options and eating habits.Â
Some effective ways through which somebody can save his or her money while in Tokyo include using public transport, preparing his or her meals at home, and enjoying free or low-cost cultural activities.
Childcare is very expensive in Tokyo with some of those fee schedules ranging from ¥50,000 to ¥150,000 per month.
In Tokyo, language schools cost between ¥50,000 and ¥100,000 a month excluding the price of textbooks and other learning materials.
Tokyo is efficient and exciting, but even short visits can be costly, especially if you need medical attention or experience travel delays. While Japan has top-notch healthcare, it's not always accessible to short-term visitors without coverage. Overseas trip insurance gives you that safety net, offering reimbursement for emergencies so you can navigate the city worry-free.