Question: How Much Money Do You Need To Live Comfortably In India?

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

So all in all, a family of 3 can comfortably live in Mumbai with a budget of Rs.

35,000-Rs 40,000.

If you chose to live in more expensive areas like South Mumbai, this budget will increase to say about Rs.

55,000-Rs..

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. … At best, the figure could be stretched to around Rs 7,000. Living Expenses. Then, they have to consider living and transportation expenses, which will have to be managed within a budget of Rs 5,000-7,000.

Which is the cheapest place to live in Mumbai?

MaladMalad is regarded as the cheapest residential area to live in Mumbai. Burgeoning demand for household hubs and good accommodations for the upper-class and middle-class population has been soaring.

Is 30000 a good salary in India?

How much income is considered good salary in India? … 30000 every month from your salary so that you and your spouse can live a comfortable life with dignity till death. Now coming to expenses, in metro city like Pune, average expenses for a family of 3 are as following: Rent – Rs 18000 – 20000 for 2 BHK Apartment.

Which job has highest salary in world?

Here are the top 25 best-paying jobs of 2020, according to U.S. News & World Report.Anesthesiologist. Mean salary: $267,020 per year.Surgeon. Mean salary: $255,110 per year. … Oral and maxillofacial surgeons. Mean salary: $242,370 per year. … Obstetrician and gynecologist. … Orthodontist. … Psychiatrist. … Physician. … Prosthodontist. … More items…•

Why is salary so low in India?

Because a lot of people would rather work for less salary than stay jobless. The second reason is the cost of living. The cost of living in India is less than in western developed countries. You can not expect to work here and get the salary of that country.

Was India a rich country?

Historically, India was the largest economy in the world for most of the next three millennia, starting around the 1st millennia BCE and ending around the beginning of British rule in India.

How much money do you need to live a luxurious life in India?

By Indian living standards, I need at least rupees one lakh a month to enjoy a good life.

What is a good salary in India?

A person working in India typically earns around 31,900 INR per month. Salaries range from 8,080 INR (lowest average) to 143,000 INR (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.

Why Mumbai is so expensive?

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.

Is 1 lakh a good salary in India?

First up, 1 Lakh per month is simply not enough to live a luxurious lifestyle. Satisfaction is a whole another ballgame. Simply put, no one is ever completely satisfied with their salary. … To attain a general level of satisfaction, 1 Lakh per month is not that different from 30k per month.

What salary is needed to live comfortably in India?

Depending upon the standard of living, your average salary should be Rs 40,000 – Rs 60,000 per month.

Which job has highest salary in India?

List of Top 10 Highest Paying Jobs in IndiaMedical Professionals (Doctors & Surgeons)Data Scientist.Machine Learning Experts.Blockchain Developer.Full Stack Software Developer.Product Management.Management Consultant.Investment Banker.More items…•

What can I buy with 1 rupee?

20 Things You Can Still Buy In India For 1 RupeeCandies and Toffees. Dairy milk eclairs, mango bite, coffee bite… the list is huge.Machine ka Thanda Paani. For one more rupee, you can even ask for salt and lemon.Two Single Postcards. … Matchbox. … Plastic cup/glass. … Mouth-fresheners like Chutki and Pass-Pass. … Chewing gum. … Shampoo sachet.More items…•

Which area is most expensive in Mumbai?

Top posh areas in Mumbai, with property pricesTardeo.Average price: Rs 47,786 per sq ft.Juhu.Average price: Rs 45,523 per sq ft.Bandra west.Average price: Rs 41,721 per sq ft.Worli.Price: Rs 40,746 per sq ft.More items…•

Who is considered rich in India?

According to the ‘Wealth Expectancy Report 2019’ released by the bank, the average wealth expectancy — or the total wealth an individual can expect to attain at their highest point of affluence, assumed to be at the age of 60 — for Indians with disposable income stands at Rs. 3.6 crore ($518,000).

What can 100 USD buy in India?

5. India$100 USD equals: 6,732 Indian Rupees.What you can buy: A dozen items — clothes, jewelry, housewares, etc. — from a local bazaar.

Is $100 a lot of money in India?

In India, $100 can buy 13 nights in good hotels, 30 days in a nice hostel, 4 nice dinners for two, 30 local dinners, domestic flights around India, or a high-quality sari. $100 is ~7,000 Indian Rupees, although this fluctuates. … Others will spend more than this in a day.