There are various factors to consider when transferring to a new place, includes housing with varying property prices, meals, the market, commuting, electricity, clothing, and income, to mention a few.
The living costs in Bangalore vs. Mumbai is divided into two categories: housing and transportation.
Bangalore: A one-bedroom apartment can price up to Rs 20,000 per month, based on where you’d like to live. A two-bedroom flat, on the other hand, may cost anything between Rs 30,000 and Rs 35,000 per month. Look for a property with a HSR or BTM plan if you can save money. They’re close to the city centre, however the monthly rent for a one-bedroom flat there ranges from Rs 12,000 to Rs 15,000 each month. These locations also provide two-bedroom apartments for less than Rs 30,000.
Bangalore citizens must pay the highest security deposit of any big city when renting a home. The average rent deposit in Bangalore is Rs 1.34 lakh.
Mumbai: Because rent in the city is so high, the region you select to reside in will have a significant impact on your monthly spending. Colaba, Grant Road, and Lower Parel are among the most expensive areas in South Mumbai, with 1 BHK rentals ranging from 30,000 to 50,000 per month. Bandra West, Sana Cruz, and Juhu are all similar. Within those places, a 2-bedroom flat may cost anything between Rs 45,000 and Rs 90,000. On either side, in budget-friendly neighbourhoods like Goregaon, Kandivali, and Borivali, wherein real estate has been sprawling since over a decade, you may rent a 1 BHK or 2 BHK.
Note: In Mumbai, most landlords would need a security deposit of no more than 2 to 3 months’ rent.
Cost of living in Bangalore vs. Mumbai: Groceries
Bangalore: When compared to certain other Indian metro cities, Bangalore’s grocery spending is quite equivalent. If you order meals on a continuous basis, this expense will be minimal. You may save a lot of money by cooking for yourself, but it shouldn’t cost more than Rs 6,000 each month.
Mumbai: From storefronts to online grocery stores, Mumbai boasts a plethora of options for meeting your daily needs, such as rice, bread, fruits, and vegetables, to mention a few. Unless you do not live a luxury lifestyle, the cost of commodities must not exceed Rs 4,000 to Rs 5,000 per month.
Cost of living in Bangalore vs. Mumbai: Food
Bangalore: One excellent thing is that the city offers a variety of takeaway options through food-delivery apps. If you buy two meals a day, it will cost you around Rs 300 per day, which will total around Rs 8,000-9,000 per month. Employing culinary maids is a cost-effective option for students and working bachelors. You can hire a maid in Bangalore through an agency, by asking around, or through suggestions.
Mumbai: While Mumbai is renowned for its sidewalk cuisine, you cannot depend on these dishes on a regular basis. Like the internationally known ‘Dabbawalas,’ you can get home-cooked delivery dinners all throughout Mumbai.
Cost of living in Mumbai vs. Bangalore: Energy bills
Bangalore: Despite the fact that you may not require an air conditioner for the most of the year due to the nice climate, the price of power in Bangalore is slightly higher. The average monthly power bill is roughly Rs 1,100 to 1,400 for a 2 BHK flat, based on the average power use price of around 4.10 per unit of use. The charge for people who are using air conditioning units, geysers, and other energy-intensive equipment could range from Rs 5000 to Rs 100,000.
Mumbai: It has a humid climate due to its proximity to the sea, and the city remains warm for the majority of the year. As a result, you may need to keep the air conditioner on all summer, raising your energy costs. Water and power bills for a one-bedroom apartment can range from Rs 4,000 to Rs 5,000 per month, and up to Rs 10,000 per month for a two-bedroom flat. A monthly cable internet costs around Rs. 500 and Rs. 1,500, which is similar to other Indian cities.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.