What is the Cost of Living in Chennai?

Hi Buddy,

Chennai is where I was born and raised. I've lived in the city at every stage of my life, beginning as a bachelor, then as a couple, and now as a part of a family of 4 (including my wife and 2 kids). As a result, I could provide a general estimate of the cost of living in Chennai.

Depending on the type of home and the number of people in the family, Chennai is one of India's most cheap metropolitan cities to live in. Because of the type and quantity of accommodation, as well as other lifestyle choices, the cost of living in Chennai varies greatly for bachelors, couples, and families. I've collected a complete list of expenses for various lifestyles, family sizes, and household kinds.

• Bachelors' living expense in Chennai

To save money on commuting, single occupants can choose co-living or paying guest / PG accommodations in Chennai near their workplace. The majority of housing options offer meal service, and the cost is included in the rent. Furthermore, such lodgings may provide amenities such as Wi-Fi, housekeeping, and utility expenses, among others. Depending on where you live, this might cost you anywhere between Rs 5,000 and Rs 8,000. If you want to live in a shared apartment with your friends, you will have to pay a bit more, not only for the rent but also for the expenditures that are not included in a co-living unit. This will likely set you back Rs 2,000 more than the first option.

When it comes to dressing and going out, as a bachelor, you would only need to spend on your needs and requirements. If you eat out and see a movie, you may have to pay an extra Rs 700 - Rs 1,000 every trip, depending on how frequently you go out.

• Couples' cost of living in Chennai

On average, a 1BHK for rent in Chennai costs between Rs 8,000 and Rs 12,000 a month, depending on the neighbourhood, and amenities provided. A slightly larger apartment will be offered for rent at a monthly average of Rs 11,000 – Rs 14,000, depending on the kind and furnishing of the property. If you want to buy a house in one of Chennai's upscale neighbourhoods, expect to pay between Rs 1.5 crores and Rs 3 crores for a 3BHK apartment. A 3BHK apartment in an average neighbourhood will cost between Rs 70 lakhs and Rs 1 crore.

Chennai's average property price per square foot is Rs 6,116.

If you plan to reside near your office, you can save a lot of money on transportation. However, if you plan to commute by car, you may need to budget between Rs 5,000 and Rs 6,000 per month for car fuel and maintenance. Using public transportation will cost you at least Rs 1,000 a month, depending on the level of comfort you prefer. The maximum fare on the Chennai Metro system is Rs 50. As a result, when calculating the cost of living in Chennai, working professionals must include in these charges.

For couples, there may be a variety of household expenditures to face, including some fundamental, essential expenses like electricity bills, gym membership, grocery shopping, and so on. Depending on your own preferences and usage, this can cost anywhere between Rs 8,000 and Rs 10,000 per month. Other expenses in Chennai that may boost overall living costs include shopping, dining out, and so on.

• Families' cost of living in Chennai

A two-bedroom apartment for rent in Chennai for a family of three costs roughly Rs 12,000 to Rs 15,000 per month on average, depending on the housing society, location, and quality of housing option. If you are purchasing a property in Chennai, the cost of living may include the normal EMI, which is determined by current interest rates, as well as monthly housing society maintenance fees. The price of a three-bedroom apartment in Chennai varies depending on the type of neighbourhood and housing society. Property prices in an upscale location like Adyar are around Rs 14,751 per sq ft, whereas rates in T Nagar are around Rs 15,137 per sq ft.

The city features some of the top educational institutions, including schools and colleges, at a reasonable price. Parents' monthly expenses for their children's primary school fees might range from Rs. 8000 to Rs. 10,000.

School fees for children, cook/maid salaries, property tax, shopping expenses, meals, going out, groceries, and so on are all part of a family's cost of living in Chennai. Depending on the size of your family, this might cost you anywhere between Rs 15,000 and Rs 20,000 each month. Depending on the entire distance travelled, each individual's transportation costs can range from Rs 1,000 to Rs 2,000 per month.

I hope this answer suffices your query about the cost of living in Chennai. I hope this helps:)

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