Rough idea of living expenses in Mumbai?
Can someone please help with the breakup for this? For eg currently I make 85k in wfh, i am getting in mumbai at 18 lpa fixed. I was trying to estimate in terms of monetory will it be a benefit
SoftApp38
Stealth
a year ago
I can tell you with 100% confidence that you're better off with 85k wfh. With 18lpa fixed you will probably recieve an amount between 1.2-1.3 per month, 30k of which would go in renting a semi decent room. Other expenses would easily add up to 20-30k atleast too.
But, living in Mumbai is a vibe and I suggest you don't look at this plainly from a monetary perspective
Why would he receive 1.2-1.3? Do you mean post tax? If that's what you're referring to then he'll receive even less post tax
But yes living in Mumbai >>>. The best thing to do is to jumpship and you have a better chance to get a better package in your next job
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In BKC the 1BHK rent goes for 30-45k. You can share that with someone which will lessen the burden on your pocket. As far as food and other expenses go..it’s entirely upto you.
treyhey
Stealth
a year ago
Damn mumbai rents, very roughly rent + 10k-15k min for food/mainta/elec
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If bkc, then it's costly but finance companies are mostly in powai so the cost would be 50k for 2bhk and you can share it with a flatmate. Is it worth it? Absolutely. Mumbai is imo the best place in India, going out at night, enjoying, in general the people in powai is just vibe. Bangalore is shit in front of Mumbai
treyhey
Stealth
a year ago
Thanks! It would be chakala andheri east, is it the same?
Andheri East is close to powai but not exactly in powai. Good place to live but rents are towards the expensive side. You can definitely find cheap flats within 50-60k range for 2bhk. Hope you enjoy your time in Mumbai ☺️. I have now moved to bangalore but the warmth of that place has left an indelible mark on my heart <3
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Gus
Stealth
a year ago
Let me give you rough idea- if you into saving and living a decent life, stick to that 85k wfo. If you are into "feeling the vibe" then don't worry. You will easily find company of people who spend their life living in a apartment smaller than their shoebox, eating vadapav for breakfast and going to the crowded marine drive in the evening and posting on Instagram - "Mumbai is a vibe"
treyhey
Stealth
a year ago
Ouch 🥲😂 thanks for adding
Strong feeling that you are going to save just about the same or maybe a bit lesser.
But then again it also depends on the kind of lifestyle that you want to live when in Mumbai
treyhey
Stealth
a year ago
That makes sense, I was looking for how much on an average do people pay for rent/food/travel etc
Chakala has direct metro connectivity till dahisar. Even if you get a flat a MaKaBo at low cost, you will reach your office within 30 mins and end up saving around 50pc rent.
treyhey
Stealth
a year ago
Sorry what is Makabo and what are thr average rates in that area?
Malad, kandivali, borivali. Rates are around or less than 35k for 2bhk for a decent flat. Andheri, parle, bandra flat area is relatively smaller than what you get in MaKaBo. All you need to do is get a flat near a metro station. My travel time from Borivali to Andheri had reduced to 30-35 mins which was more than 90mins before metro started this feb .
Try jogeshwari or Veera Desai road in Andheri West , that have the highest number of malls , cages , pubs , and what not .. a complete place to socialise ,
Plus the rents are maximum upto 15k for a 1 bhk
Mehanti
Stealth
a year ago
Exact Place? Ie South Bombay or Andheri Jogeshwari or Nala Sopara?
treyhey
Stealth
a year ago
Chakala, Andheri east
Mehanti
Stealth
a year ago
Chala is expensive so 1 bhk cost around 20 k and 2 bhk cost around 30-35 k in old society
Grocery: for 2 adult and 1 child cost around 25-30 k average with daily needs
So as per your scenario, You will not get any benefits actually 85 k is good
ProteinPancakes
Stealth
a year ago
It won’t make much of a monetary difference, don’t come to Mumbai
Depends entirely on where are you planning to stay in Mumbai.
treyhey
Stealth
a year ago
I am yet to know about the office location, but would you have any rough idea? Considering most offices are located in well known places. I am just trying to estimate whether on current hike I will save less/more/equal
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followthemoney
Stealth
a year ago
I’m staying alone, spending 42k in rent for 1 bhk in dadar west/lower parel area.
No transportation cost since I walk to office.
My total monthly expenses go up to 85-90k easily.
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