What is the average expenses for a family of 4 in India?

What is the average monthly expenses for a family of 4 in India?

Summary: Family of four estimated monthly costs are 1,107$ (83,063₹) without rent. A single person estimated monthly costs are 317$ (23,798₹) without rent.

What is the average monthly expense for a family of 4?

Average Monthly Expenses for a Family of 4

Food will cost $908 monthly, transportation will cost $589, and health care will be around $1,238. Taxes will be approximately $1,958 monthly. Other necessities cost $1,088, and childcare will cost you $2,773.

What is the average living cost in India?

India is very cheap relative to many other nations. The cost of living depends on what you’re doing and where you’re living in India. The basic living expenses, such as food , water and housing, cost you between 15000 and 20000 INR. Depending on the cost, this can result in a higher or lower number.

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What are your monthly expenses in India?

It Depends Where You Stay In India Like u want to Stay In Metro City Like Mumbai, Delhi, Chennai & Kolkata.. Expenses will be High around 50 K Minimum – 1.5 Lakh Monthly Including housing, food, Mobile& Wifi, Extra Activities, Roaming, Picnic, Party Etc. Apart from Above City Expenes will be Around 35K – 50 K Monthly.

How much money is needed to run a family in Chennai?

Other costs: For a family living in Chennai, the cost of living will include school fees of children, cook/maid’s salary, property tax, shopping expenses, meals, going out, groceries, etc. This could cost you around Rs 15,000 – Rs 20,000 per month, depending upon the number of people in the family.

What is a good salary in India?

If we talk on average considering all the factors then it comes out to be around Rs 30,000 per month is a good salary with the average standard of living. Including all the expenses like transportation, groceries, personal expenses, and much more.

How much should a family of 4 spend on groceries per month?

Monthly Grocery Budget

FAMILY SIZE SUGGESTED MONTHLY BUDGET
2 people $553
3 people $722
4 people $892
5 people $1,060

What is the average monthly expenses for a family of 4 in Canada?

Family of four estimated monthly costs are 3,155$ (4,036C$) without rent. A single person estimated monthly costs are 880$ (1,126C$) without rent. Cost of living in Canada is, on average, 2.22% lower than in United States. Rent in Canada is, on average, 20.47% lower than in United States.

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How much money does a family of four need to live comfortably?

According to a recent Gallup survey, most American families believe a family of four would need at least $58,000 per year to “get by” in their communities. That’s more than the median household income, which came in at $55,775 a year in 2015.

Which is cheapest city in India?

Kochi’s low cost of living is another major appeal with estimated living costs of just 30,000 Rupees per month according to our research, making it one of the cheapest cities to live in India.

What is the average income of Indian?

Salary Comparison by State

State Average Salary
Karnataka 19,152 INR
Kerala 18,291 INR
Lakshadweep 14,261 INR
Madhya Pradesh 19,738 INR

What are the monthly expenses?

20 Common Monthly Expenses to Include in Your Budget

  • Housing or Rent. Housing and rental costs will vary significantly depending on where you live. …
  • Transportation and Car Insurance. …
  • Travel Expenses. …
  • Food and Groceries. …
  • Utility Bills. …
  • Cell Phone. …
  • Childcare and School Costs. …
  • Pet Food and Care.

What is average spending per month for family?

Average monthly expenses range from $3,189 for one person to $6,780 for a family of five. Without a budget — or come to think of it, even with one — you may wonder how your average monthly expenses compare with “what’s normal.”

What salary is needed to live comfortably in India?

What salary is needed to live comfortably in Mumbai? Depending upon the standard of living, your average salary should be Rs 40,000 – Rs 60,000 per month.

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How much money do I need to be happy in India?

21,000 or $300 per month are enough. You can live your life well alone with countinuos flow of this amount of money. Taking insurances for things like health is also prudent. I family of 3, two parents and a child, Rs 50,000 or $700 of total income per month should suffice.