Your question: What is the average monthly expenses for a family of 2 in India?

What is the average monthly expenses for a family of 2?

Average monthly expenses for a family of 2:

$5,572, or $66,861 annually.

What is the average household expenses per month in India?

Family of four estimated monthly costs are 1,111$ (83,269₹) without rent. A single person estimated monthly costs are 319$ (23,883₹) without rent. Cost of living in India is, on average, 65.53% lower than in United States. Rent in India is, on average, 87.48% lower than in United States.

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.

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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.

How much should a family of 2 spend on groceries?

USDA Food Plan Spending for a Family of Two

For a family of two, age 19-50, here’s the breakdown of monthly costs for each type of food plan: Thrifty: $410.60. Low-cost: $526.50. Moderate-cost: $652.10.

What is a normal grocery budget for 2?

The average weekly grocery bill for two people between the ages of 19 and 50 is $148, according to the USDA. For couples ages 51 to 70, you’re spending $143, the agency says. If the couple has two children ages 2-3 and 4-5 years old, the household’s weekly grocery total is $214 under a moderate-cost plan.

What are the normal 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.

Is 30k a good salary in India?

A good income is that which takes care of necessary living expenses and still gives good amount of saving every month. Ideally, considering average retirement age as 55 yrs, you should save around Rs. 30000 every month from your salary so that you and your spouse can live a comfortable life with dignity till death.

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Is 50000 a good salary in India?

In total, 98 per cent earned less than Rs 50,000 per month. “In the age of corporate compensation packages exceeding Rs 20 lakh a year, it is sobering to learn that earning over Rs 1 lakh per month puts a household in the top 0.2 per cent of income earners in the country,” the report said. … 20,001 and Rs. 50,000.

What is good salary India?

The place where you are living and your living standard are two of the most important factors that define a good salary. 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.

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.

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

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.

How much does a house in India cost?

The median price paid by the bottom quintile to buy a house is Rs1 lakh, while the median price paid by the top quintile to buy a house is Rs10 lakh. The median price paid by the richest 1% to buy a house is Rs18 lakh, according to the survey.

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What is considered a lot of money in India?

48% people who took the survey feel that anything above 2-10 crores is a good networth to be called RICH. Some even said 50 crores and 100 crores. … As per a research published in 2013 by Credit Suisse, if your net worth is above Rs 60 lacs, you are among the richest 8% in the world and richest 0.4% in India.