Mumbai, the home to dreamers, every day welcomes a huge number of people who carry a belief to carve a niche for themselves, thus making it the most populous city of the country. It is home to more than 22 million people, and thus, space is definitely a constraint and to top it up what makes survival more competitive is the cost of living. But nonetheless, Aamchi Mumbai (Our Mumbai ), as it is fondly called welcomes everyone with an open heart.

This ‘Maya-Nagri’, always bustling with unstoppable energy is the greatest cultural mix of different religions and communities. You can definitely have one hell of life here in this city, albeit the cost of living will certainly pinch. So, you must research well if you are planning to relocate to the Bollywood town. The Cost of Living Index is very high compared to other metropolitan cities of India.

The good part is that there are various options to bring down your cost of living provided you are good with planning your expenses. Now that you know you are heading to Mumbai, let’s breakdown the cost of living into various factors that you need to take care of :

  1. Housing :

Most people in Mumbai spend the majority of their income on renting a house. We can talk about the dream to own a house in Mumbai some other day. The cost of accommodation starts from ₹6000 if you are looking at a PG otherwise it can go up to ₹12000+ for a 1BHK in areas like Thane etc. It totally depends on you but there are a lot of options you can explore to suit your needs.

  • There are many types of accommodations available right from PG’s, lodges to apartments.
  • Research the area you choose to reside in; as you move down-south, the cost increases. Navi Mumbai is a new suburb area that has developed a lot with time and is cleaner and more hygienic than other places in Mumbai. Also, it is home to upcoming offices and comparatively costs less.

Area Average Rate Range
Central Suburbs ₹15K+
Navi Mumbai ₹7K-15K+
South Mumbai ₹30K-60K+
Western Mumbai ₹12K+

  • If you are planning to relocate it is advisable to reside as near as possible to your place of work so that you can cut down on your commuting cost and also save some time.
  • You can also find someone to share your accommodation with and divide the expenses.
  • Plus the security deposit and broker’s commission is on a higher side. The Security deposit is a minimum month’s rent in a PG and if you go for apartments and more comfortable living the duration and amount of security deposits heavily increases.

The table below shows a rough estimate of the basic rent and security deposit that would vary on the basis of the type of accommodation and the area you’d prefer. If you share your house with friends or family, you can definitely share the cost below with your fellow flatmates.

Type of Accommodation Range
Pg’s(depends on the sharing) ₹6K+
1 BHK ₹15K-25K+
2BHK ₹25K-40K+
3BHK ₹40K-60K+

Once you have zeroed down the area and type of accommodation, go for house hunting in person. Check the housing conditions, rental terms, security and locality before locking down anything. You can be prepared beforehand about the places you would want to hunt by posting or replying in facebook groups made specifically for this. You can also check many online websites and apps which provide rental housing options like Nestaway, NoBroker, Makaan etc.

2. Furnishing:  

A definite guide to furnishing your home based on lifestyle

Once you move to a house, the next concern is furnishing. You can opt for unfurnished/ semi furnished houses to save some costs. The semi-furnished 1BHK  homes start at a rate anywhere between ₹15K-20K and furnished homes can be really costly. You can save a lot by going to furnish your place by renting everything. There are many online spaces that deal with the same. You can check our website GrabOnRent to rent anything from furniture, home appliances, electronics to fitness products at good rental deals.

Let’s calculate the cost for you :

Suppose your monthly rent is ₹15K. Now you rent from us within an average range of ₹1000-1500. So, the total cost per month comes to ₹16K-16.5KEven this can be divided among your flatmates if the sharing is between 2, the cost per head can ₹8000-8250.

On the other hand, if you go for buying the products, EMI can sound like a small investment but it has longer commitments. Also, if you go for a well-furnished add an extra ₹10K-15K. Now you can make a calculated decision yourself and understand why renting is a much better and smarter option for you in any case. You can save a huge amount without any worry about moving furniture, appliances if you happen to relocate.

3. Food expenses:

Mumbai has no dearth of delicious food. The options are immense and it has everything to suit everyone’s tastes. You can gorge on street food like Vada-Pav, Dabeli, etc. or go to try different cuisines at fine dining. Restaurants and cafes can be found on every nook and corner of this city. The availability and variety is never a concern here, it is the city that never sleeps and you can get anything and everything even at 3:00 AM. Most of the PGs provide you with food as part of your monthly rent. You can even get tiffin services ranging between ₹1500-3000 per month on subscription. Alternatively, you can get a cook who should charge you anything between ₹1500-3000 per month. Other than this, you will be going out occasionally for Dine-Outs, which can cost you anywhere between ₹2000-4000 a month. Overall you can manage your food expenses minimum at a range of ₹3000-5000 including everything.

4.Utility Bills:

The electricity bills are really high in the city but you can save it by being a proactively conserving energy by simply switching off the lights and other electrical equipment when not in use. The utility bills can range from ₹2000-5000 per month. You can definitely divide the amount among the people you are sharing the accommodation.

5. Transportation:

Conveyance options are plenty and you can be the master of your choice. You can frame your decisions looking at factors like the type of transportation you are comfortable travelling in and the distance you are willing to travel. Local Trains and BEST Buses are always available and have good connectivity all around Mumbai. The daily ticket can cost a minimum ₹5 per head and you can also get first class monthly passes at a minimum ₹300. Other options of daily commuting are autos and taxis and the best part about them is that they are very honest and charge you on meter rate, which can start at a minimum rate of ₹15-20 per km, though the night time charges are higher than day time. Other than this you can definitely opt for cab services like OLA or UBER. Metro connectivity is not as spread as local trains but it has started in western and central suburbs.


Now that everything else has been taken care of, you need a break. Everyone deserves some entertainment and you cannot function well if you keep working without a pause. Well, Mumbai is known for its nightlife and has a plethora of options to relax and enjoy. Just like there is no limit to entertainment options, so does the expenses that can easily skyrocket. You can keep aside a budget of ₹2000-4000 for an entertaining weekend and stress-free cash management.

Now that we have analysed the different expenses, lets now calculate the minimum range which a single individual needs to survive in Mumbai in 1BHK if it’s shared with another person :

Rent ₹ 10000-15000
Furnishing ₹500-1000
Food ₹3000-5000
Utility Bills ₹1000-1250
Transportation ₹800+
Entertainment ₹2000-4000
Other Expenses ₹2000-3000
Total (Approx) ₹20000-30000

Nothing is impossible, with good research and smart planning you can survive in a city like Mumbai. Just some pro tips now that you can keep in mind :

  • Use Google maps for directions and travelling.
  • Download an expense tracker app to keep a tab on expenses and plan your daily, weekly and monthly expenses
  • Keep applications like Uber/Ola, Payment apps etc to be better prepared for any contingency

The city of Mumbai literally never sleeps and you can witness people coming out of work or casually strolling by even at 3 a.m. We understand that a new city can be exciting and intimidating at the same time and hence we believe that you might take a little while to adjust to the fast life but that’s how every new place is.

You can manage between ₹20k-30k if you share your accommodation with someone. And for renting furniture and appliances, you can visit us for the best deals and offers.

GrabOnRent is a Bangalore-based product rental startup. Visit our website or download the app and browse through our wide selection Visit us now!