Cost of Living in Mumbai
Median income in Mumbai is ₹6,00,000/year (₹50,000/month). Here is how to budget every dollar.
Average Rent in Mumbai
₹15,000
Studio
₹25,000
1 Bedroom
₹40,000
2 Bedrooms
Monthly Budget Breakdown: ₹50,000/month
How to allocate the median Mumbai income of ₹6,00,000/year after taxes.
Housing
₹20,000
Food & Groceries
₹8,000
Transportation
₹3,000
Utilities
₹2,500
Healthcare
₹1,500
Entertainment
₹3,000
Personal & Other
₹4,000
Savings
₹8,000
Total
₹50,000
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Affordable Neighborhoods in Mumbai
Navi Mumbai offers modern infrastructure at 50% lower rents than Mumbai proper
Thane is well-connected by local trains and significantly more affordable
Andheri East and Malad have good metro access with moderate rents
Money-Saving Tips for Mumbai
Mumbai local trains are the cheapest way to commute — monthly pass under ₹1,000
Street food and local dhabas offer full meals for ₹50–100
Shop at DMart, Big Bazaar, or local vegetable markets for affordable groceries
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