Decoding the cost of living in Mumbai for students and bachelors
Updated On: 31 August, 2024 09:18 PM IST | Mumbai | Raaina Jain
People from across the country move to Mumbai for studies or work. However, the basic cost of living in the city has often come under debate. We decode how much money is required to live in Mumbai for students and bachelors
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Image for representational purpose only. Photo Courtesy: istock
The financial capital of the country is often deemed to be the costliest city to live in India. While it provides many work opportunities, it also presents high expenses, especially in terms of rent. Mumbai is a cosmopolitan hub that attracts students and working professionals from all over the country and abroad.
However, one of the most asked questions that has seen debates between Mumbaikars and non-Mumbaikars alike is the cost of living in Mumbai.
According to Mercer’s Cost of Living Survey 2024, Mumbai is the most expensive city in India for expatriates. It is placed 136th globally. In Asia, it is the 21st most expensive city.
So, how much money is actually required to live in Mumbai? The answer varies greatly for students, bachelors, couples and families. Here, we did our research and spoke to several people to decode the cost of living for students and bachelors in Mumbai.
Which areas are affordable? How much does the transportation cost? What are the other expenses that one might incur? We find out.
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