is 50k a good salary in mumbaiis 50k a good salary in mumbai

Chart. Bengaluru and Kolkata gained one and four spots, respectively. As most facilities and amenities are already included in the co-living accommodations, bachelors might not have to pay additional charges. But if you opt for an option to live independently, be ready to shell out an extra of about INR 5,000 per month for meeting additional living costs in Mumbai. Check below some of the best reactions from the internet: I too cannot relate, When I came to Bangalore my salary was 20k. If youre too lazy to set up a kitchen, Mumbai has many options for Dabbas or Tiffins. at all these places. Or best, subscribe to a tiffin service. Add another Rs. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. I thinks its in the mindset. Thanks for your help! After a hard day of work or studies, everyone needs time to unwind and relax. Rents for PGs and sharing flats can cost around Rs. 6 months down the line this is going to be increased to 55. Average Rent in Mumbai for bachelors 2. This city has highest annual salary package in India, it's not Delhi Renting an apartment can be expensive if you are a first-time student or a professional living alone in Mumbai. No, you won't live in a doorman building. The rest of the expenditures like transport, food, utilities, playschool fees, etc. For Clap Global, a Mumbai-based education start-up, the citys floating expat population is a resource for a cultural exchange. Although traveling can be a taxing thing in Mumbai (thanks to traffic and the sheer size of the city), there are loads of options for commuting. If theyre lucky, the average cost of living in Mumbai for a bachelor can be around 20,000-30,000 per month. If you go towards North Mumbai or Navi Mumbai, rent prices are comparatively cheaper. at street-side shops and you can also find all the big brands and showrooms all over Mumbai. "Share of households by gross annual income across India in financial year 2021." But is that only half the story? Mumbais expat workforce is older: 54% were aged 35-54, compared to the global average of 45%. If your office or society doesnt have a parking area, you might have to spend on parking charges. 500 per person. 1. The average monthly expenditure on groceries comes to about Rs. Local trains fares depend on the number of stations and will be Rs. 204 Salary 50000 Per Month Jobs and Vacancies - Indeed You'll "survive" just fine as long as you budget and don't plan on $500 weekends in the city. can be managed easily. Ans: A family of 3 in Mumbai can live comfortably in a 1 BHK rented flat. How much salary do you need to survive in Bangalore? It depends on the lifestyle that you want and on your outlook. Average Salary in Mumbai 2023 - The Complete Guide However, globally, the Cost of living for Mumbai went down to 78th position, 18 positions down. 9,064,699 INR, 9,064,800 INR - That's approximately what I made as a recent grad, but I had more debt (car and student loans) and comfortably paid my $800 rent and never really worried about money. Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload. Ans: Well, this answer depends on the area you choose to live in in Mumbai. Basically, if you live in our managed apartments, you already get a few problems out of your life and lower your average cost of living in Mumbai. Add another Rs. 5000. Cost of living in Mumbai Cost of living in Mumbai: Expense distribution Cost of living in Mumbai: India's most expensive city 30,000 to Rs. We will help you understand the cost-of-living index in Mumbai, by breaking down the living expenses in Mumbai, and giving you the average living cost per month in Mumbai; drawn from the Mumbai cost of living index. Here's the Average Salary to Buy a House in 8 Major Indian Cities Though, until that happens, youve got to make ends meet and live your best life in the city without burning a hole in your pocket. I am extremely uneducated on what is considered a good salary. But in middle america where the cost of living is lower, I could see it being a good salary. All these costs will add up to a maximum of 15,000. 3000 for phone, gas, electricity bills. 8000 in areas like Thane, Navi Mumbai, etc. Using a public transport system will reduce your expenses, and it might vary from INR 1,000 to INR 2,000 as per your level of comfort(AC/Non-AC). For students and Bachelor's, Mumbai offers various options of PG's and shared accommodations too. Why do people leave their jobs? Similarly, Autos will charge you around Rs. Home-needs - 5,000. As a Premium user you get access to background information and details about the release of this statistic. Break Down of the Cost of Living in Mumbai in 2023! - NoBroker 11,948,999 INR, 11,949,100 INR - If you specifically want to know, "What house can I afford on $50K a year?" it depends on your down payment, but the price generally would be somewhere around $200K. An average movie ticket costs INR 300 per person, and eating out in an average hotel costs Rs 350 Rs 500 per head. For students and Bachelors, Mumbai offers various options of PGs and shared accommodations too. Cost of living in Mumbai: is it worth it? But the median in the $30-40K range. 17,305,499 INR, 17,305,600 INR - If youre a shopaholic, youre lucky to be in Mumbai then. You can have a good meal in 50 bucks or 500 bucks nobody goes hungry and you will find the transport connectivity to be one of the best, there are MCGM buses and trains which are quite budget-friendly. To analyse the average Cost of living, we estimate various expenditures. Currently, you are using a shared account. Cricket? Delhi 3. You'll learn how to cut your own hair and other cost saving measures. is 50K salary enough for mumbai? : r/mumbai - Reddit A place for any question youve ever been TooAfraidToAsk. Directly accessible data for 170 industries from 150+ countries All work and no play make Jack a dull boy. It is an approximate figure and can vary per your lifestyle and living area. Im currently in rural MH eorking at 75k Gross and in hamd around 60K . This amount is exorbitant for most locals: in Bandra, an average one-bedroom apartment rents for around 50,000-100,000 rupees ($750-$1,500) a month. Not everyone can take money from their families!. We provide you with professional housekeeping, a seamless wifi connection, and 247 security. Learn more about how Statista can support your business. . 5,000 for utilities like groceries, milk, etc. The City of Joy is what Kolkata is known as in India. And living in those desirable neighbourhoods of Mumbai are some of the best-paid expats in the world. 5k rent (10k total shared with a friend) & 5k for food. In, Times of India. . 25000. Normal fares for BEST non-a/c buses are a minimum of Rs.8 for 2 Kms. Top 10 Highest Paying Jobs in Mumbai [A Complete Report] - upGrad and another Rs. Yes 30000 is a decent salary for a bachelor to live in Bangalore. 31 stevefiction 6 yr. ago Pretty good. The parameters included the number of beds, liveability, and air quality. average income in the United States and I cannot believe that 50k would be considered. This city has beaten Mumbai, Bengaluru for highest average salary in Mumbai is the city of dreams. I feel like 50k, I might be getting underpaid. Cost of Schooling and Childcare in Mumbai, Sports, Leisure, Shopping and Entertainment Cost in Mumbai. Up-and-coming Ahmedabad has no dearth of neighbourhoods that offer housing that is both premium as well as affordable. Accommodation in Mumbai can be a costly affair depending on the area you choose to reside in. high salary jobs in Mumbai, Maharashtra A city that wont ever rest. 203 Salary 50000 Per Month Jobs and Vacancies - Indeed Weve strengthened our commitment to information privacy by following GDPR guidelines, the global gold standard for data privacy. 35k - 43k. Read: Pubs in Bangalore East Bangalore Watering Holes you Must Visit, Book Best Packers & Movers with Best Price, Free Cancellation, Dedicated Move Manager, Get Rental Agreement With Doorstep Delivery, Super Quick & Easy. 1. 8,240,699 INR, 8,240,700 INR - 1RK for rent in Faridabad without DepositThe Best Choice for Youngsters on the move. The maximum chunk of your budget goes into paying rent. Employees with 16-20 Years of experience receive 4,021,481 INR. 38k - 60k. Is 50k a good salary in the US? : r/TooAfraidToAsk - Reddit The Mumbai figures in the survey may be higher because they have a disproportionate representation of CEO, CXO and top technical positions that MNCs, as a policy, may continue to staff through expats. The survey found Mumbai expats earned an average of $217,165. It is evident that Mumbai was always bound to be an expensive city to live in. Does rent increase the overall cost of living in Mumbai city? Everything you need to know about Vasanth Nagar, Bangalore, 14 of the Best (Posh) Societies in Surat to Live, 13 Posh (Best Residential) Societies in Ghaziabad to Live, 10 Posh (Best Residential) Areas in Ahmedabad to Live, 6 Amenities Management Features You Should Implement Today, Meal for two people in a decent restaurant, Electricity bill (basic utility for a month) for an 850-sq ft apartment, Modern equipment for diagnosis and treatment, Satisfaction with waiting time in medical institutions, Convenience in terms of location (for you), MyGate (Vivish Technologies Pvt Ltd), Site no. Salaries in India [comparison, outsourcing 2023 data] - Time Doctor The rents shift as indicated by your preferred zone. Just take our Stanza Living apartments for proof. 30,000 to Rs. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Mumbai provides you with various options ranging from as low as Rs. This week, HSBC released new salary data from its 2017 Expat Explorer Survey, drawing on responses from 27,000 foreign workers in 159 countries. 88% of people in Mumbai utilize public vehicles. Also, there are always local food joints and eateries which are cheap and filling at the same time. Buying a 1 BHK property in Mumbai costs around INR 80 lakhs Rs 1.5 crores. 65,000 or more. The most paid careers are Geography & Geodesy with average income 4,491,203 INR and Aviation & Shipping with income 3,559,999 INR. India's average salary range extends from 8,080 INR per month (98 USD) to 143,000 INR per month (1,734 USD). 1,235,999 INR, 1,236,100 INR - What is a Good Salary to Live in Mumbai? We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Not everyone can take money from their families! Some of the international schools in Mumbai such as Ecole Mondiale World School and Ascend International School have annual fees as high as two million rupees ($30,000). Finding the Perfect Mens Hostel: A Guide to Locating the Best Accommodation Options in Bangalore: Ultimate Convenience: Exploring PG Accommodations Near Prestige Tech Park for Working Professionals, Unlocking Your Perfect Home: Navigating the Rental Landscape for Houses in Bangalore. At these levels, rents in posh new housing complexes in Mumbai may push its average compensation figures still higher, he says. at street-side shops and you can also find all the big brands and showrooms all over Mumbai. Here is a rough estimate of average salaries in Mumbai. would take up a considerable amount from your budget. Unlike accommodation, the price of groceries in Mumbai is just like any other city. The most affordable approach to save money on food costs is to cook for yourself or hire a cook. As a couple, your expenses double up to that of bachelors, so its safe to say as a couple your monthly expenditure should come around Rs. and over 1Mio. 55,000-Rs. How Far a 50K Salary Would Get You in 30 American Cities Papayaahh 2 yr. ago The India head of an overseas bank is very likely to have housing, chauffeur and school fees for children as part of their expat package.. For instance, the average monthly rent in Thane or Navi Mumbai localities is affordable and ranges between INR 7000 to INR 15,000. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Lets go ahead and discuss the actual numbers in detail! Average apartment buying price and rent in Mumbai, Cost of living in Mumbai for couples with children. Mumbai has a lot of PGs and shared flats which actually works out for bachelors. A lot of online grocery delivery apps like Grofers, Big Basket, etc. A decent 1BHK in uptown areas like South Mumbai can cost you Rs. If you are willing to move a little, Navi Mumbais cost of living can be as little as Rs. For any childcare service like a full-time nanny or daycare for a pre-school child, the monthly cost ranges from INR 5,000-10,000the annual fees for a decent primary school cost around INR 1.5 lakhs 4 lakhs. 5,000 for utilities like groceries, milk, etc. The average fees of an international school in Mumbai come around to be 3.5 Lacs whereas the average fees of a CBSE school are around 50k to 1 Lakh. List of affordable areas in Mumbai for buying, List of affordable areas in Mumbai for renting, 1. Because thats what we do helping young folks like you find your place and identity amongst the countless others in a new city. Is 50k a good salary in India? Scan this QR code to download the app now. Then again, a night spent at one of the posh clubs can set you back by Rs.5000-10,000. Local trains in Mumbai cost as low as Rs 3 per km. With 50k a month you'll barely have any savings. The normal expenses of an international school in Mumbai come to around 3.5 Lacs while the normal charges of a CBSE school are around 50k to 1 Lakh. With 50k a month you'll barely have any savings. "Share of Households by Gross Annual Income across India in Financial Year 2021. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Adjusting in a new city, finding a place for yourself, and cooking for yourself is enough to take a toll on one's mental health, and now the tension associated with low salary for freshers is adding fuel to the fire. Mumbai provides you with various options ranging from as low as Rs. 5000-10000. 65,000. What is the Cost of Living in Mumbai: Updated list for FY 2021-22 On the other hand, about three . They would be in 7th heaven if offered 50K/month, which is a salary of less than 5% of graduate freshers. Average apartment buying price and rent in Mumbai 2. Ans: The principal expenditure when you live in Mumbai is rent and conveyance. can be around Rs.10,000-Rs.15,000. We would like to show you a description here but the site won't allow us. The rents vary according to the area of your choice. This population not only includes the local Mumbaikars but it also largely consists of migrants from other states too who come to fulfill their dreams in this city. First, you can share an apartment, utility bills, and other essential costs. Co-founderShirin Johari feels that children unconsciously tend to imbibe many stereotypes about foreign cultures as they grow up. For more information, please see our Use our tool to get a personalized report on your market worth. 10 to Rs. also provide these things at your doorstep. Is Rs 50K per month a good salary for a 30 year old to live in Delhi? Depending upon the position of the candidate and the industry, the average salary in Mumbai varies. Contrasted with other huge urban communities, Yes Mumbai is extensively costly! 20,000. Further, the city which was one the second spot was Mumbai, with an annual salary of Rs 21.17 lakh on average, and Bengaluru on Rank 3 with a salary of Rs 21.01 lakh. The rest of your expenditure like food, transport is very similar to other big cities in India. Management Consultant. 21 for a distance of 1.6Kms. 3rd year mein toh you start getting an idea of what you might want to do, it added. In South Mumbai rent alone for 1RK will range from 15k-20k. You can find trendy clothes, shoes, etc. Is 50k a good starting salary ? Depending on your budget you can choose your food habits.