Cost of living and prices in Mumbai, prices of food, rent, shopping, etc. 🇮🇳
Updated Jul 2023
Mumbai is a bustling city in Southern Asia, known for its vibrant culture and rich history. It is one of the most populous cities in the world with a population of over 12 million people.
Despite its high population, Mumbai remains an affordable place to live in India. The cost of living in Mumbai is lower compared to other major cities in India such as Delhi and Bangalore. Housing is one of the main expenses in Mumbai, but there are still many affordable options available. Overall, Mumbai offers a great quality of life at a reasonable cost.
In addition to its affordability, Mumbai is also a great place to explore the arts, culture, and history of India. Visitors can explore the Gateway of India, a famous landmark that welcomes visitors to the city. The Chhatrapati Shivaji Terminus is another popular attraction, known for its stunning Victorian architecture.
Another great advantage of living in Mumbai is the access to delicious food. The city offers a wide variety of street food, as well as restaurant options ranging from traditional Indian cuisine to international favorites. Overall, Mumbai is an exciting and affordable city that offers a great quality of life for locals and expats alike.
Cost of Living Estimate in Mumbai
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Restaurants prices
Mumbai is a city with an exotic melting pot of cultures, and its cuisine reflects that diversity and richness. Mumbai restaurants offer a variety of regional and international cuisines. You can find street food stalls with delicious local delicacies or high-end restaurants that serve gourmet Indian and international meals. Some of the must-try dishes include Pani Puri, Vada Pav, Pav Bhaji, and Biryani. Mumbai also has several rooftop restaurants, beachside cafes, and harbor view eateries that offer scenic views along with delicious food.
In Mumbai, you'll find plenty of vegetarian and non-vegetarian food options. If you're a fan of seafood, Mumbai is the perfect place for you since it has some of the freshest and most delicious seafood dishes in India. Additionally, Mumbai has a thriving cafe culture, with cozy, quirky cafes that offer everything from artisanal coffee to freshly baked desserts. Whether you want to indulge in some authentic Mumbai street food or enjoy a gourmet meal, there is no shortage of options in Mumbai. Overall, Mumbai's food scene is as vibrant and diverse as the city itself, and it's sure to be a culinary adventure for anyone visiting the city.
Markets prices
Market prices in Mumbai, India can often be unpredictable and fluctuate greatly depending on a variety of factors. The city is one of the most densely populated in the world, and with that comes a high demand for goods and services. As such, prices can often be quite high. However, there are also many areas in the city where prices are more affordable, making it possible to find a bargain if you know where to look.
One thing to keep in mind when navigating the market prices in Mumbai is that bargaining is a common practice. It is often expected that customers will try to negotiate prices with vendors, and so the initial asking price may be higher than what a vendor is willing to accept. This can be a bit intimidating for tourists or those unfamiliar with this custom, but with a bit of practice and confidence, it can lead to significant savings. Overall, Mumbai's market prices are a reflection of the diverse and vibrant culture of the city, and offer a unique shopping experience for both locals and visitors alike.
Transportation prices
Mumbai, India is a bustling city with many transportation options available. The most popular form of transport is the local trains, which run across the city, making them an essential part of everyday life for many residents. Visitors can also make use of these trains to travel around the city quickly and inexpensively. The trains can get crowded during peak hours, so be prepared to stand close to other passengers. Another option is the Mumbai Metro, which operates across a smaller area of the city, but provides a faster and more comfortable travel experience. Taxis and auto-rickshaws are also widely available, and can be a convenient way to get around, though they can be more expensive than the trains or metro.
For a more unique experience, visitors can explore the city by bicycle. Mumbai has many bike rental services available, making it easy to rent a bike and explore the city at your own pace. Some cycling tours are also available, where guides will take you through the city to explore historical sites and hidden gems. Walking can also be a great way to experience the city, especially in areas like Colaba and Fort, where there are many shops, restaurants, and historic buildings to explore. However, be prepared for the heat during the summer months. No matter which transportation option you choose, getting around Mumbai is an adventure in itself, and experiencing the city from different perspectives can be a fun and memorable part of your trip.
Utilities Per Month prices
When visiting Mumbai, one important aspect to consider in your travel budget is the cost of utilities. The city's electricity and water bills can add up quickly, especially during the hot and humid summer months when air conditioning is essential. Hotels and apartments often charge for electricity separately from the room rate, so it's important to factor that into your decision-making process when choosing accommodations. Additionally, many restaurants and cafes add a service charge to the final bill, so keep that in mind when dining out.
Another utility cost to be aware of in Mumbai is the price of internet and phone service. While Wi-Fi is often available in public places, such as cafes and airports, it may not be reliable or fast enough for your needs. Purchasing a local SIM card and data plan can be a good option for staying connected, but it's important to research and compare plans before making a decision. Overall, being mindful of utility costs can help you budget better and make the most of your trip to Mumbai.
Sports And Leisure prices
Mumbai is a bustling city with vibrant energy and boasts an impressive range of sports activities, both indoor and outdoor. The city is home to several sports clubs that offer facilities for tennis, basketball, cricket, football, and swimming, just to name a few. For those who prefer to take a leisurely approach, there are also several yoga studios and meditation centers in Mumbai that offer classes and workshops. Whether you're an avid athlete or simply looking to stay active, Mumbai has a plethora of options to choose from!
For the adventurous traveler, Mumbai is an excellent place to try out new activities such as surfing, kiteboarding, and even skydiving. The beaches along the western coast of Mumbai offer excellent waves for surfers or kiteboarders, and the city's many skydiving facilities are world-renowned. Mumbai also has a range of amusement parks and water parks for families and kids to enjoy. From indoor play centers to outdoor theme parks, there is something fun for everyone in Mumbai. With its incredible diversity of leisure activities, Mumbai is truly a destination for sports and adventure enthusiasts alike.
Salaries And Financing prices
Mumbai is a bustling city that attracts a lot of skilled professionals from various fields. Salaries in Mumbai can vary greatly depending on the industry, with some industries offering higher pay than others. For example, those working in the finance or IT industry are likely to earn more than those in the hospitality or retail industry. However, it's important to keep in mind that the cost of living in Mumbai is also high, so even a high salary may not stretch as far as one would hope.
Financing in Mumbai can be a challenge for many, especially for those who are not used to the high cost of living in the city. However, there are many options available for those who need financing, such as banks, credit unions, and other financial institutions. It's important to do research and compare different options to find the one that works best for you and your financial needs. Additionally, there are many financial advisors and consultants that can help guide you through the process of managing your finances in Mumbai.
Childcare prices
Childcare prices in Mumbai, India can vary depending on the type of care provided. For schools and Kindergartens, the prices can be quite high due to the quality of education and attention given to each child. Moreover, these institutions usually have higher overhead costs due to the need for skilled teachers, advanced facilities, and resources.
Despite the higher costs, many parents in Mumbai choose to invest in quality schooling and Kindergarten experiences for their children. These institutions provide a structured and nurturing environment for children to develop social skills, emotional intelligence, and early learning skills. The significant benefits of quality early childhood education are well-known, and Mumbai schools and Kindergartens provide excellent options for parents looking to give their children a strong foundation for the future.
Clothing And Shoes prices
When it comes to shopping for clothing and shoes in Mumbai, India, there are endless options available. From high-end boutiques to street markets, you can find a range of styles, brands, and prices to fit your budget. The majority of shopping areas in the city tend to be quite crowded, especially on weekends, so it's best to plan your shopping trips during the weekdays if possible. Whether you're looking for traditional ethnic wear or modern western clothing, Mumbai has it all.
Some of the popular spots to shop for clothing and shoes in Mumbai include Colaba Causeway, Linking Road, and Hill Road. These markets offer a wide variety of options at affordable prices, but keep in mind that bargaining is expected. For those who prefer a more upscale shopping experience, there are several shopping centers and malls in the city, such as High Street Phoenix and Palladium Mall. These malls offer an array of brands and international designers, but prices can be higher compared to the local markets. Overall, Mumbai caters to all budget types when it comes to clothing and shoes, so it's worth exploring the different areas and shopping options to find the best deals and styles for you.
Rent Per Month prices
Short-term stay options are becoming increasingly popular in Mumbai, especially with the influx of professionals, expats, and students who prefer not to commit to long-term leases. Mumbai offers a range of short-term stay options, including serviced apartments, guesthouses, and shared accommodations, which cater to different budgets and needs. The amenities and facilities provided vary from basic to luxurious, and the locations are spread across the city, making it easier to choose based on preference.
There are several factors that can affect the price of short-term stays in Mumbai, such as location, duration, and the level of facilities and services provided. Generally, shorter stays are more expensive per night than longer stays, but may provide better value for money overall. Whether you are looking for a budget-friendly option or a premium stay, Mumbai has a variety of options to suit different needs and budgets. With the right research, finding a short-term stay that meets your needs and budget will not be difficult.
Buy Apartment prices
Mumbai, India's bustling city, is home to some of the world's most expensive real estate. The city's booming economy and its unique opportunities have attracted an enormous population of people who are looking to buy property. Because of the city's high cost of living, the real estate prices have skyrocketed in recent years, making it a challenging place to own a home or invest in one.
Real estate buying options in Mumbai are vast, with varying prices depending on the location, age, and size of the property. Residential properties are the most common purchase, with options ranging from apartments to villas and even exclusive standalone bungalows. Commercial properties such as retail outlets, offices, and warehouses are also available, catering to entrepreneurs and businesses that need space to operate. Lastly, there are also options to purchase land or plots, which offer potential buyers the flexibility to construct properties as per their preferences and requirements.