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  • Writer's pictureAshutosh Singh

The Cost of Living in Mumbai in 2023


Mumbai is the most populous city in India and the financial capital of the country. It is also one of the most expensive cities in India. The cost of living in Mumbai varies depending on the location, lifestyle, and spending habits. However, in general, Mumbai is a very expensive city to live in.


Here is a breakdown of the average cost of living in Mumbai in 2023:


1. Rent: The average rent for a one-bedroom apartment in a decent location in Mumbai is around Rs. 25,000 per month. The rent can go up to Rs. 50,000 or more for a luxury apartment in a prime location like Bandra (W). If you are single, you could save here by opting for a shared accomodation.

2. Utilities: The average monthly cost of utilities, such as electricity, water, and gas, is around Rs. 2,000.

3. Food: The average monthly cost of food for one person is around Rs. 5,000. This includes eating out occasionally.

4. Transportation: The average monthly cost of transportation is around Rs. 3,000. This includes the cost of public transportation and taxis.

5. Entertainment: The average monthly cost of entertainment is around Rs. 2,000. This includes the cost of movies, concerts, and other activities.

6. Other expenses: Other expenses, such as clothing, personal care, and medical expenses, can vary depending on individual needs. However, the average monthly cost of these expenses is around Rs. 2,000.

Thus, the total average monthly cost of living in Mumbai is around Rs. 39,000. The exact cost may vary from individual to individual, depending on the factors listed above. However, it is possible to live comfortably by saving money even in a city like Mumbai, by doing the following:


1. Opting for shared accomodation

2. Cooking at home instead of eating out.

3. Using public transports like Mumbai Local Trains instead of the costlier options.

4. Saving money in advance to buy products by using genuine SNBL apps like Blance.

Hence, although the cost of living in Mumbai is high, but it is possible to live in this city on a budget. By following the tips above, you can save money and still enjoy living in this vibrant and exciting city.

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