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Cost of Living in Mumbai in 2024!
Updated : February 22, 2024
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The cost of living in Mumbai beckons as a primary concern for many envisioning life in India's bustling city of dreams. Mumbai, beyond its fame for Bollywood, cricket, and street food, stands as a beacon for those seeking to make it big in a city that vibrates with endless energy and opportunities.
This financial and entertainment powerhouse attracts a diverse population, from local Mumbaikars to hopefuls from across the nation, all drawn by its dynamic lifestyle and the promise of prosperity. Understanding the financial implications of such a move is crucial, encompassing everything from rental costs to daily expenses for students, job seekers, and families alike. Let’s demystify the average living costs across various city parts, offering insights into budgeting effectively for life in Mumbai's fast-paced environment.
1. Mumbai Living Cost per month In 2024
Contrasted with other huge urban communities, Yes Mumbai is extensively costly! The average cost for essential items in Mumbai relies upon different boundaries like Accommodation, Food, Transport, and so on How about we feel free to examine the genuine numbers in detail?
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| Description | Cost of Living in Mumbai for Single Person | Couples | Families |
| Accommodation | 6,000 – 9,000 | 12,000 – 20,000 | 15,000 – 40,000 |
| Groceries | 1,500 – 3,000 | 4,000 – 10,000 | 10,000 – 25,000 |
| Transport | 1,000 – 15,00 | 1,500 – 2,500 | 1,500 – 3,000 |
| Utilities | 2,000 – 3,000 | 2,200 – 3,000 | 2,200 – 3,000 |
| Entertainment | 4000-7000 | 1,500 – 4,000 | 2,000 – 5,000 |
| Shopping | 4,000-5,000 | 3,000 – 5,000 | 3,500 – 6,500 |
| Kids Schooling | Nil | Nil | 3,000 – 12,000 |
2. Accommodation
Rental Accommodation will consume the greatest amount of money. The most extreme piece of your spending plan goes into paying rent. Land costs are high as are the rental costs. The rents shift as indicated by your preferred zone. Mumbai furnishes you with different choices, with the average rent in Mumbai going from as low as Rs.5000-12000 every month in zones like Navi Mumbai, Thane, and so on to as high as Rs. 30,000-50,000 in territories like South Mumbai, Juhu, and so on.
Read The Stockholm Concert Hall Living Expenses in Mumbai for students: For students and bachelor’s, Mumbai offers different choices of PGs and shared facilities as well. Rents for PGs and sharing pads can cost around Rs.5000-Rs.8000 in regions like Thane, Navi Mumbai, and so forth, and for couples or families moving to Mumbai, a respectable measured 1 Bhk in such zones can cost you somewhere near Rs.8000-Rs 15,000. Check out Flats for Rent In Mumbai.
3. Affordable Places to Live in Mumbai (Rent Rates)
| Localities | 1 BHK | 2 BHK | 3 BHK |
| Goregaon | 8k – 10k | 23k – 30k | 35k – 50k |
| Thane | 10k – 12k | 18k – 25k | 35k – 65k |
| Navi Mumbai | 5k – 12k | 15k – 25k | 20k – 30k |
| Kurla | 12k – 20k | 18k – 30k | 28k – 40k |
| Sion | 13k – 23k | 25k – 40k | 32k – 55k |
| Saki Naka | 11k – 20k | 18k – 32k | 30k – 45k |
| Mulund | 15k – 19k | 22k – 34k | 30k – 48k |
| Chembur | 12k – 18k | 21k – 27k | 30k – 43k |
| Dahisar | 10k – 15k | 15k – 23k | 18k – 30k |
4. Posh Areas to Live in Mumbai for Family & Jobseekers
| Localities | 1 BHK | 2 BHK | 3 BHK |
| South Mumbai | 30k – 40k | 40k – 60k | 60k – 1lac+ |
| Andheri West | 30k – 45k | 40k – 50k | 40k – 70k |
| Bandra West | 35k – 43k | 38k – 60k | 55k – 90k |
| Jogeshwari (W) | 23k – 30k | 35k – 50k | 40k – 65k |
| Worli | 38k – 60k | 55k – 90k | 65k – 1lac |
| Juhu | 45k – 55k | 55k – 70k | 65k – 80k |
| Dadar | 27k – 39k | 40k – 60k | 50k – 70k |
5. Affordable Paying Guest (PG) in Mumbai for Bachelors & Students
| Localities | Rent | Paying Guest |
| Ghatkopar | 12,000 | Zolo Address |
| Chembur | 15,000 | Zolo Central |
| Kurla | 12,000 | Zolo Exotica |
| Sion | 11,000 | Zolo Hertage |
| Parel | 16,000 | Zolo Pride |
| Chembur | 13,500 | Zolo Raga |
| Jogeshwari (E) | 12,000 | Zolo Saffron |
6. Transport
Mumbai offers you multiple options when it comes to local transport. Mumbai has the best nearby train network which saves you from the traffic and is on the pockets. Mumbai has the biggest coordinated transport network among significant Indian urban communities. You have rickshaws, taxi services, and bicycle rentals. 88% of people in Mumbai utilise public vehicles. Mumbai additionally is building up a sweeping metro train system, this will help in bridging connectivity even more.
Normal fares for BEST non-a/c buses are a minimum of Rs.8 for 2 Km. Autos shall charge you around Rs. 21 for a distance of 1.6 km. Local train fares depend on the number of stations and will be Rs. 10 to Rs. 45 depending on if you choose Second or First class.
| Budget living | Luxury Living |
| BEST Buses | Uber |
| Local Trains | Ola |
| Metro Trains | Taxis |
| Shared Taxi | Self-Drive |
| Shared Auto | Monthly Car Rental Car/Bikes |
7. Food
The most affordable approach to save money on food costs is to cook for yourself or hire a cook. Recruiting a cook/housekeeper in Mumbai can cost you Rs. 1000 for low maintenance, to Rs.15000 for an entire day of work. In case you're too apathetic to even think about setting up a kitchen, Mumbai has numerous choices for Dabbas or Tiffins. The normal costs for Tiffin administrations for a month are around Rs. 1500-3000 every month.
This likewise ends up being a conservative choice. For the more exploratory sorts, Mumbai has a huge variety of restaurants and hotels that serve all kinds of dishes that you desire to have, and then if you want food to be delivered to you, well there are ways for your food to be dropped onto your doorstep through food conveying applications like Zomato, Swiggy, and so forth.
8. Groceries/ Household Needs
All your daily needs like milk, bread, rice, poultry items, fruits, etc., are readily available at MRP prices in nearby stores, as well as at supermarkets which are present in abundance. There are a ton of online grocery delivery apps like Grofers, Big Basket, etc., which are also known to provide these items at your doorstep. The average monthly expenditure on groceries comes to about Rs.6000 per month.
9. Utilities
Costs like Electricity, Gas, Internet, Phone, TV, Cable, DTH, and so forth would take up a significant sum from your spending plan. Contingent upon the area you live in and the sort of convenience, the utility costs will shift. Generally, it'll range from somewhere near Rs.2000 to Rs. 6000 or more, depending on your usage.
10. Shopping
If you’re a shopaholic, you’re lucky to be in Mumbai then. Mumbai offers you the latest trends and fashion. Being the home of Bollywood, Mumbaikers take their fashion sense very seriously. You can find trendy clothes, shoes, etc. at street-side shops and you can also find all the big brands and showrooms all over Mumbai. Places like Linking Road, Colaba, Lokhandwala Market, and Hill Road offer you all the latest trends in fashion at very decent prices. You’ll find shoes, clothes, accessories, electronics, bags, etc. at all these places. If you’re looking for high-end shopping malls and branded showrooms, Mumbai has plenty of that too. The range for a T-shirt can be from Rs.200 at Linking Road to Rs. 2500-3000 at branded showrooms.
11. Entertainment
“All work and no play make Jack a dull boy”. After a hard day of work or studies, everyone needs time to unwind and relax. Mumbai offers you different choices for the equivalent. From walking around Marine Drive with a hot Bhutta or bar hopping to the numerous hip bars and clubs in the town, Mumbai has everything. A typical evening spent strolling and eating around Marine Drive or Chow Patty can cost you around Rs.500. Then again, a night spent at one of the posh clubs can set you back by Rs.5000-10,000. Mumbai has a ton of choices for amusement like motion pictures, shopping centres, cafés, clubs, theatres, live groups, and so forth as it's been said, Mumbai is a city that never rests and the fun won't ever stops!
12. Kid’s Schooling
For families moving to Mumbai, this city has many reputed first-class schools. 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. The charges for play school can go from Rs.500 every month in a typical playschool to Rs.16000 every month in international or chain playschools.
With numerous people coming in and living in the city, it is turning into a hub of its own and also the reputation of being one of the most popular cities in India. Mumbai was always bound to be an expensive city to live in. The cost of living in Mumbai is comparatively higher than in any other metropolitan city in India. So, now, if you are planning to get your very own place here in the city of dreams, worry not, NoBroker shall have you covered. You can find homes on rent for any budget and SAVE on brokerage.
Living Cost in Mumbai for Bachelors
Like any other great city in the world, Mumbai gives multiple options for a bachelor. Given how well-connected Mumbai is, with its multiple modes of transportation, bachelors who want to save money can live in more affordable areas of Mumbai that are well connected to their workplaces.
Cost of Living in Mumbai for a Family of 3
A family can rent a 2BHK in Mumbai for around Rs 40,000 onwards. But if you are comfortable living in the suburbs of Thane or Navi Mumbai, you can find more affordable places but know that this comes at the cost of transportation expenses and time. Being a cosmopolitan city and the business centre of India, Mumbai comes with the best schools ranging across CBSE, ICSE, International, and Maharashtra State Syllabus.
Mumbai for couples
Couples looking to move to Mumbai can rent a 1BHK whose rent starts at ₹30,000 and can go as high as ₹60,000, depending on the location, size, and amenities provided by the housing society. Meanwhile, for buying a 1BHK you can end up spending anywhere from ₹80 Lakhs to ₹1.5 crores.
Housing societies collect and pay the electricity and water bills meanwhile wifi is paid individually. All these costs will add up to a maximum of ₹15,000. As for transportation, if you opt to travel by public transport your expenses may be as low as 1000 while owning a vehicle can take it to around ₹6000.
Where do students stay in Mumbai?
Finding a well-connected affordable locality can be a challenge for students coming to Mumbai. A smart move would be to stay nearer to local train stations in Navi Mumbai and commute to locations in Mumbai. Local trains in Mumbai cost as low as Rs 3 per km.
The average salary in Mumbai as per industry
Here is a rough estimate of average salaries in Mumbai.
| Industry | Average salary per annum |
| Finance | Rs 7.1 lakhs |
| Energy and mining | Rs 6.5 lakhs |
| Recreation and travel | Rs 6.3 lakhs |
| Entertainment | Rs 6 lakhs |
| Transportation and logistics | Rs 5.5 lakhs |
Read Other Cost-of-living Blogs
Frequently Asked Questions
Ans: The principal expenditure when you live in Mumbai is rent and conveyance. If you can deal with that part, the remainder of your key spending factors shall be the essentials like food, entertainment, and so forth that can be overseen without any problem. Regions like South Mumbai are over the top expensive with costs going from Rs. 30,000 to Rs100,000.
On the off chance that you move towards the northern side of Mumbai, lease costs there can shift from Rs. 10000 to Rs. 25000. If you are willing to move a little, Navi Mumbai’s cost of living can be as little as Rs. 5000.
Ans: The cost of living in Mumbai for a bachelor depends on the area they choose to live in. As a bachelor, you have many options to save some money on accommodation. Mumbai has a lot of PGs and shared flats which works out for bachelors. If you are okay to share your living space with other bachelors, then this option works out to be the best for you. But if you want your privacy, then renting out an individual flat is the right option for you.
Ans: If you are a couple moving to Mumbai, the major expenses will be for the accommodation. A decent 1BHK in uptown areas like South Mumbai can cost you Rs. 16,000 to Rs. 35,000. The bigger the house you want, the higher the rents. If you go towards North Mumbai or Navi Mumbai, rent prices are comparatively cheaper. A 1BHK flat in Navi Mumbai can cost you Rs. 5,000 to Rs. Rs. 10,000. As a couple, your expenses double up to that of a bachelor’s, so it’s safe to say as a couple your monthly expenditure should come around Rs. 30,000 to Rs. 50,000 depending on the area you choose to live in.
Ans: The living expenses in Mumbai for a single person, in Goregaon can range from moderate to high, depending on lifestyle choices and housing preferences, typically starting from Rs. 20,000 to Rs. 30,000 per month excluding rent.
Ans: If you choose to live in suburban areas of Mumbai, you will need an average of 40k-50k/ month which will include your house rent ranging from 18k-25k for 1/2 BHK. In South Mumbai rent alone for 1RK will range from 15k-20k.
Ans: Confused about how much salary is needed to live comfortably in Mumbai? A comfortable lifestyle in Mumbai typically requires a monthly salary of at least ₹30,000 to ₹50,000, depending on your living standards and accommodation choices.
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