One of the most important factors to count before moving into another city is the cost of living. Primarily, this calculation is based on monthly expenses. At this point, here are few factors which will help to determine the approximate cost of living in Gurgaon, the millennium city.
Factors Determining Cost Of Living In Gurgaon
The cost of flats for rent in Gurgaon rent in Gurgaon can range between INR 6,000 to 70,000 per month. By and large, these would include all kinds of furnishing. Also, there are various classes of societies in Gurgaon on the basis of rent. For example, rent of lower class societies is INR 6,000 to 12,000, mid class is 12,000 to 30,000 and higher class is 31,000 to 70,000 or more per month.
At this point, a lot of residential budget societies in Gurgaon offer good accommodations at low price in Gurgaon. Most of them are very close to prominent Gurgaon attractions like Ambience Mall, Cyber Hub and Kingdom Of Dreams. The Belvedere Towers, Rail Vihar Sector 15, Maxworth Premier Urban and Dharam Colony are few such societies.
Commuting is the second most important factor as it determines our daily mode of transport. The Average monthly expense from office to your residential flat/apartment is INR 3,000 to 6,000. For example if you use public transport daily in Gurgaon, the average cost would be INR 3000, CNG cars, then 2K to 3K. Also traveling by bike or scooter will cost INR 1000 to 1500 per month.
This topic can surely be argued upon, but eventually the average monthly cost of food can be INR 3000 to 10,000. Dining out, going to food events or just a regular restaurant like Domino’s or McD every now and then could cost approx INR 200 per visit. However some people might argue that this can surely be curbed. But as I said eventually even the monthly food expense comes down to the above mentioned cost.
The city of Gurgaon has some of the most promising attractions like Kingdom Of Dreams, Appu Ghar Water Park and others. Visiting such attractions every now and then may or may not cost a great deal to some. Apart from this, people living in Gurgaon tend to enjoy at clubs, bars, discs, movie theatres and other places to. At a result, we can surely say that the range of leisure expenses can be also between INR 3,000 to 6,000 per month.
According to PayScale, the average yearly income for individuals working in Gurgaon is INR 293,041 to 873,067. Payscale is one of the largest databanks for viewing online salary, benefits and compensation information and companies globally. Thus the monthly income of individuals working in Gurgaon can be INR 24, 420 to 72755.
However, this is just the average income determined according to PayScale. Therefore, salaries may or may not be equivalent to the above mentioned average. They may be be more or less than the average salary determined by PayScale according to various other determinants.
Average Cost Of Living In Gurgaon = INR 6,000 + 1000 + 3000 + 3000 = INR 13,000 (approx per month).
Average Savings Of People Living In Gurgaon = Income-Expenses = Income – (Rent + Travel + Food + Leisure) = 24,420 – (8000+ 1000+ 3000 + 3000) = 24,420 – 13,000 = INR 11,420 (approx per month).
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