What is a good salary to survive in Mumbai?

Talking about mumbai, its an expensive city to live. You should have an income of atleast 40k-50k to live a good quality of life. You can still live nicely in 30k-40k if you opt to live in sub urban areas of mumbai.

What salary is needed to live comfortably in Mumbai?

What salary is needed to live comfortably in Mumbai? Depending upon the standard of living, your average salary should be Rs 40,000 – Rs 60,000 per month.

What is a good salary in Mumbai?

A person working in Mumbai typically earns around 36,600 INR per month. Salaries range from 9,260 INR (lowest average) to 163,000 INR (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.

Is 50000 salary enough in Mumbai?

5000-12000 per month in areas like Navi Mumbai, Thane, etc. to as high as Rs. 30000-50000 in areas like South Mumbai, Juhu, etc. … For couples or families moving to Mumbai, a decent sized 1 Bhk in such areas can cost you somewhere around Rs. 8000-Rs 15000.

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What is the average salary in Mumbai?

Average Salary / Mumbai. Average salary in Mumbai is 1,788,808 INR per year. The most typical earning is 508,287 INR. All data are based on 1,733 salary surveys.

Is 20000 a good salary in India?

With a combined income of Rs 20,000 a month, a couple can still lead a decent life in any Indian city. Three experts do the math for you keeping in mind the costs of living in 3 cities. With a combined income of Rs 20,000 a month, a couple can still lead a decent life in any Indian city.

Why Mumbai is so costly?

The major reason why Mumbai is expensive is due to the high land costs. Residential and commercial spaces in Mumbai come at a high price.

Description Family Bachelor
Accommodation 30,000 20,000
Groceries 4,000 2,000
Food 6,000 2,000
Electricity 2,000 1,000

Who is considered rich in Mumbai?

Mumbai has the highest number of high net worth individuals (HNWIs), those with assets over $1 million, in the country. It’s where India’s richest man, Mukesh Ambani, lives.

Which is the poshest area in Mumbai?

Here are the top 10 posh areas in Mumbai/Mumbai’s posh area names/posh localities in Mumbai, the most inviting neighbourhoods of Mumbai.

  • Bandra Bandstand. …
  • Malabar Hill. …
  • Altamount Road. …
  • Hiranandani, Powai. …
  • JVPD Scheme. …
  • Pali Hill, Bandra. …
  • Worli Sea Face. …
  • Seven Bungalows, Versova.

Is 40 lakhs a good salary in Mumbai?

Experts say that indicates only one thing – real estate bubble ready to go pop. If your annual income is not Rs 40 lakh or more, buying a new house in Mumbai could remain a dream for you. … Several other real estate experts agree that at Rs 2 crore, the weighted average is way too high for a city like Mumbai.

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Which job is best in Mumbai?

Highest Paying Jobs In Mumbai

  • Machine Learning Expert. Artificial intelligence and machine learning are generating a lot of buzzes and for the right reasons. …
  • Blockchain Developer. …
  • Data Scientist. …
  • Management Consultant. …
  • Full Stack Software Developer. …
  • Investment Banker. …
  • Product Management. …
  • Corporate Lawyer.

Why is rent so high in Mumbai?

The fundamentals that drive demand for homes in the city are the reason for Mumbai developers’ apparent ability to defy gravity and keep residential prices so high.

Is 80k a good salary in India?

The answer to your question is 70k/ month after tax. Its just the average. in rural 40k will do, in mumbai 90k will . 80k in bangalore,delhi.

Is Mumbai expensive to live?

Summary about cost of living in Mumbai, India: Family of four estimated monthly costs are 1,424$ (105,883₹) without rent. A single person estimated monthly costs are 405$ (30,116₹) without rent. Mumbai is 69.79% less expensive than New York (without rent).

Is Mumbai dangerous?

Mumbai is the 3rd most dangerous city in India

In 2019, The Times of India reported Mumbai as the 3rd most dangerous city out of 19 in India. Rape accounts for the most crimes reported in Mumbai, and there were 10,501 cases reported in 2017. Next highest reported incidents are theft.

How much money do you need to live comfortably in India?

India is quite cheap as compared to many other countries. Cost of living depends on what you do and where you live in the India. Basic need living costs such as food, water and shelter costs you around 15000 to 20000 INR. Depending on your expense, it may result in a higher amount or lower amount.

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