If you’re making the big move from one city to the other, there are a few interesting facts that you should keep in mind. Both cities have their own pros and cons, but what we care about is how it will affect your bank balance. Here we’ll help you make the decision by comparing a few basic necessities in both cities.
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Cost of Living in Mumbai vs Bangalore: A Comprehensive Comparative Study
We’ve broken down the Cost of living into 4 categories that will help you make your calculations in a systematic manner.
1. Rent in Bangalore Vs. Rent in Mumbai
A 1BHK apartment for rent in Bangalore’s city centre will cost you anywhere from Rs. 15,000 to Rs. 30,00 per month. This again depends on the areas you choose and the size of the apartment. To rent flats in Bangalore Click here.
If you’re looking to rent a flat in Mumbai with the same specs, it could cost you anywhere between Rs. 35,000 to Rs.65,000. This shows that housing in Mumbai is over 50% more expensive than housing in Bangalore.
2. Food in Bangalore Vs. Food in Mumbai
A simple meal for 2 at a Taj or any other 5-star restaurant can set you back anywhere from Rs. 1800 to Rs.3500 in Bangalore. In Mumbai, a meal at the Taj would cost you Rs.2500 upwards. If you’re looking for a more basic meal option, a simple meal for 2 at a Taj or any other 5-star restaurant can set you back anywhere from Rs. 1800 to Rs.3500 in Bangalore.
In Mumbai, a meal at the Taj would cost you Rs.2500 upwards. If you’re looking for a more basic meal option, then in Bangalore then you could get one from anywhere between Rs.60 to 300 and in Mumbai for about Rs. 100 to 350. The good thing about Mumbai is that you’ll ALWAYS find something yummy to eat, even at 2 A.M.
3. Basic Amenities in Bangalore Vs. Basic Amenities in Mumbai
When comparing the cost of living in Bangalore versus Mumbai, it’s important to consider the basic amenities that you’ll need to live comfortably. Here’s a closer look at the cost of electricity and water utilities in each city:
Electricity
In Mumbai, you can expect to pay higher rates for electricity compared to Bangalore. The cost of electricity in Mumbai ranges from Rs. 1,800 to as much as Rs. 5,000 depending on the size of your home and consumption. However, one advantage of living in Mumbai is that it provides a 24X7 power supply, which is not the case in all cities in India.
On the other hand, the cost of electricity in Bangalore is generally lower than Mumbai. The average cost of electricity in Bangalore ranges from Rs. 900 to Rs. 2,000 depending on the size of your home and consumption.
Water
Water is another essential utility that you’ll need in your daily life. In Mumbai, the cost of water is included in the monthly maintenance fee for most residential buildings. However, if you live in an independent house, you may have to pay for water separately. The cost of water in Mumbai ranges from Rs. 500 to Rs. 1,500 per month, depending on the amount of water consumed.
In Bangalore, the cost of water varies depending on the area you live in and the amount of water consumed. The average cost of water in Bangalore is around Rs. 300 to Rs. 500 per month for a family of four.
Read: Top 10 Posh Areas in Bangalore
4. Entertainment: Bangalore vs Mumbai
When it comes to entertainment Mumbai has got Bangalore beat. The City of dreams; Mumbai is where Bollywood was born, it’s a city that never sleeps. Everything from movies to plays, performances and more, are all more affordable in Mumbai.
Not to forget, in Mumbai, you can always relax by Marine Drive or the Worli-Sea Face which Bangalore can’t help you with. Bangalore is the pub capital of the world, so here entertainment is more in the form of relaxing with a good beer. So, though the prices of movie tickets are higher, beer is cheaper.
Mumbai vs Bangalore – Key Parameters To Gauge Cost Of Living
If you are planning to move to either of these cities, you should know about some of the key insights about Mumbai vs Bangalore’s cost of living. Given that both these cities are one of the most thriving and developed metropolitans in the nation, some useful information like the ones below can come in handy.
Read: List of Best School in Bellandur, Bangalore 2024
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Mumbai vs Bangalore: Prices of Commodities
- Consumer goods come at a 6.22% lower price than in Mumbai
- Prices for consumers and rentals are 26.18% higher in Mumbai than in Bangalore
- The cost of expenses in restaurants is higher in Mumbai by 21.74% compared to Bangalore
- The cost of groceries is 3.04% higher in Mumbai than in Bangalore
Therefore, given that Mumbai is the financial capital of India with higher average income levels, and Bangalore is the technological capital of India always trying to introduce new services at lower price points, the average cost of living in Bangalore seems to be lower.
Mumbai vs Bangalore: Childcare and Schooling Costs
Raising a child in the city might be costly, even though the cost of living there for a student or bachelor may still be manageable. If you’re looking for preschools, you might be able to find one somewhere for as little as $1,000 per month.
However, in more affluent neighbourhoods, they may cost as much as 15,000 per month or even more. While famous overseas institutions typically charge an annual fee of up to 3.5 lakh rupees, private CBSE and ICSE schools charge between 50,000 and 1.5 lakh rupees.
The expense of living climbs significantly in Bangalore for families with numerous children. Some of the top educational institutions are located in the city. The cost of kindergarten may range from Rs 4,750 to Rs 12,000 per month. Depending on the institution, the annual foreign school tuition for one child might range from Rs 1 lakh to Rs 3 lakh.
Mumbai vs Bangalore Cost Of Living – Transportation
If you are living in a city, a huge chunk of your monthly income will be dedicated to travelling to your places of interest including work, recreation, essential supplies, healthcare, educational institutions etc. Regardless of your requirement and ownership of a personal vehicle, it is best to know the average cost of transportation in Mumbai vs Bangalore, as part of your cost-of-living estimation.
- Local trains are like the lifeline of the city of Mumbai, costing a menial amount if you plan your journeys well. While in Bangalore, local buses will be your best friend.
- While cab-hailing mobile apps are pretty popular for everyone in major metros in India, taxis in Mumbai will cost higher than in Bangalore.
- The best mode of transport in Bangalore would be the metro. The Bangalore Namma Metro at present connects numerous major parts of the city and runs fairly frequently. By the year 2024, the city aims to complete the integration of several other parts of the city into the metro lines.
- Other modes of transport in Bangalore include local autos, public buses, bike taxis and major cab services like Uber, Ola and Myne.
- Since both Mumbai and Bangalore are major cities, there are also several Mumbai-to-Bangalore transport options available.
NoBroker’s Advice & How we can help
Mumbai—If you appreciate combining high-end retail with bargain hunting, your shopping experience in Mumbai would be enriching. The city offers a wide variety of shopping opportunities to suit every preference and price range, from scrounging through the narrow alleyways of Colaba to searching among the outdoor stalls in Bandra for fashion rejects to splashing out on luxury labels at the city’s designer stores.
Read: Your Go to List for the Best Coworking Spaces in Mumbai
You could set aside Rs 2,000–3000 each month as a budget for purchases at these stores.
Bangalore—Bangalore has it all, from the best places to live, to posh retail centres and conventional open-air marketplaces. MG Road, Chickpea, and Commercial Street are good places to look for stylish clothing and accessories. If you don’t have much money to spend, a monthly budget of Rs 5,000 can be enough to cover your shopping requirements.
Read: The Cheapest Places to Live in Delhi for 2024
However, if you only buy high-end goods at malls, the cost would be far greater.
On average living in Mumbai is around 20% more expensive than living in Bangalore. But we’re sure no matter which city you choose to live in, NoBroker can help you find the perfect house for your budget.
Don’t let brokerage be an additional expense for you, Rent Flats without a broker at NoBroker.
FAQs
Q1. What salary is needed to live comfortably in Bangalore?
Ans. The amount you would need as a single person living in Bangalore will vary greatly from the amount you would need as a family living in the city. As a bachelor, you can survive with a salary of about Rs.3.5lac a year, and if you want to live comfortably, in a rented house, on your own, you should look at making anywhere from Rs.9 lac or more every year.
If you have a family with children, your cost of living goes much higher as the cost of schooling is added to the mix. If you are looking at affordable schools, then you would need about Rs.12lac upwards, and if you are looking at international schools, you should look at a salary of at least Rs.20lac and up.
Read: Car Parking Charges in Bangalore Airport: Details and Important Information
Q2. How much money do you need to live comfortably in Mumbai?
Ans. As a newcomer to Mumbai, the first thing you will notice is that the cost of accommodation is very high. This is why, if you find people to split the rent with, you can save a major chunk of your salary.
For a bachelor, to survive in the city of dreams, you will need at least Rs.6lacs for a year and if you want a comfortable life, you will need to look at making at least Rs.17lacs or more. For families that cost doubles, if you have kids, then it increases even more.
In this case, to live comfortably in Mumbai, you will need a minimum of Rs.14lac to Rs.40lac or more. You can save a major chunk of money by moving to the outskirts, this will also give you a better quality of life, but you might spend more time on the commute.
Q3. Which city is more expensive to live in, Bangalore or Mumbai?
Ans. Mumbai is no. 60 on the list of most expensive cities in the world to live in as of 2020. Bangalore? Well,Bangalore is far behind and comes in at no.171, clearly making Mumbai a much more expensive city to live in as compared to Bangalore. You can say that living in Mumbai is about 20% more expensive in comparison when you look at the general cost of things.
Q4. Is Bangalore more expensive than Mumbai to live in?
Ans. Living in Bangalore is a lot less expensive than living in Mumbai. Starting with the cost of accommodation, to the cost of basic amenities, the prices in Bangalore are a lot lower.
How do I choose which city to move to between Mumbai and Bangalore?
In terms of opportunities and ease of living, both cities are great choices. If you have to choose based on the cost of living, then Bangalore would be a better choice. However, each city has a list of pros and cons and you need to be very careful while making this decision.
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