The word Mumbai can be translated from Marathi as “mother”, and the former name of the city was Bombay.
The major attraction of Mumbai is the Indian Gate.
Besides, there are a lot of ancient monasteries, the railway station in gothic style, and the cave city in the National park.
Of course, Mumbai is a prominent place for Bollywood film amateurs.
The cost of living in Mumbai is reasonably high.
Most of the apartments and shopping malls are expensive in the downtown, while the outskirts are much cheaper.
The prices increase as you are moving from the North to the South of Mumbai.
The oldest cuisine in the world is known to be present in India with its diversity of spices and tea types.
The best establishments in Mumbai offer Persian, Chinese, European, or traditional Indian dishes.
The prices are absolutely different depending on whether you choose street food or a luxurious restaurant.
A cup of coffee is $2.16, a little bottle of Pepsi $0.47, a combo meal in McDonald’s $3.61.
In Mumbai, you can get lost in one of the numerous street bazaars and markets which are the most popular and the most crowded places to go shopping.
You can buy literally everything from fake brand name clothes and shoes to henna prints.
The products in Mumbai are even cheaper than in the other large cities in the neighborhood.
The most expensive item is wine $8.66, while bread and water are the cheapest.
A bus is the most popular means of transport in most of the Indian cities, and Mumbai is no exception.
There is a wide bus network which is well-developed and cheap.
Also, you can get a motorbike to travel around or take a taxi.
Besides, there are monorails, subway, rickshaws, and ferries.
The city features a telephone network and a high-quality mobile connection.
A lot of hotels and Internet cafes provide for the world wide web connection.
The prices for mobile phone and Internet are very low.
A minute of call is $0.01 just like in the rest of India, while the Internet is $12.29 on average.
Depending on the capacities of your home, you will have to pay an average of $45.36 for the utilities.
SPORTS & LEISURE
The locals of Mumbai spend much time doing water sports in the aquapark, go to the cinema, theatre, nightclubs, and bars.
Local authorities have created all the opportunities for youth and adults to live a healthy life and do sports.
For instance, the two largest stadiums in the city attract people with the opportunity to play cricket, or the second most popular sports football.
Apart from this, the locals and guests are keen on horse riding, playing golf, rugby, grass hockey or tennis.
CLOTHING & SHOES
Dozens of great shopping malls open their doors to visitors from all over the world.
The leather goods like shoes, bags, wallets, and accessories can be bought there at reasonable prices.
Inorbit, the largest shopping mall in Mumbai, sells ethnic things and Indian designer clothes along with Tommy Hilfiger and Wrangler.
RENT PER MONTH
The prices for rent in Mumbai are rather high and increase gradually from the Northern to the Southern part of the city.
The most expensive accommodation is in the city center at the price of $1528.69 for a three-bedroom apartment.
The cheapest is a one-bedroom apartment in the outskirts for $291.39 on average.
Cost of Living Averages Table for Mumbai
|Average Restaurant Prices|
|Meal (Inexpensive Restaurant)||$4.28|
|Domestic Beer (0.5 Liter)||$17.14|
|Water (0.33 Liter)||$0.20|
|Average Market Prices|
|Milk (1 Liter)||$0.76|
|Loaf Bread (500g)||$0.39|
|Average Transport Prices|
|One Way Ticket||$0.29|
|Average Utilities Prices|
|Basic (Water, Electricity, Garbage, Heating, Cooling)||$45.36|
|1 min. of Prepaid Mobile Tariff Local||$0.01|
|Internet (Unlimited Data, Cable/ADSL)||$12.29|
|Average Leisure Prices|
|Fitness Club, Monthly Fee for 1 Adult||$27.76|
|Tennis Court Rent (1 Hour)||$10.47|
|Cinema, 1 Seat, International Release||$4.28|
|Average Clothing Prices|
|1 Pair of Jeans (Levis 501 Or Comparable)||$36.33|
|1 Summer Dress in a Chain Store (Zara, etc...)||$33.37|
|1 Pair of Adidas Walking Shoes (Mid-Range)||$56.93|
|Average Rent Prices|
|Apartment (1 bedroom) in City Center||$570.22|
|Apartment (1 bedroom) Outside of Center||$291.39|
|Apartment (3 bedrooms) in City Center||$1528.69|
How Does the Average Person Spend Their Money in Mumbai?
Mumbai is for people who love an active lifestyle and being busy all the time, while spending most of their time at work or elsewhere out of the accommodation.
Therefore, the largest sums of money are spent on monthly rent.
Apart from being a popular tourist place of destination, the city also attracts businessmen, students, and workers.
The best way to save money on accommodation is to share it with someone else and not being choosy in terms of the district and furniture.
The markets show a lower percentage of popularity because Mumbai has some really good restaurants with quite affordable prices.
The least popular spending patterns are shopping and utilities.
Mumbai: Average Salary, Minimum Wage & Mortgages
In Mumbai, the average salary is higher than in the rest of the cities in India.
This is not surprising since the city is the major financial and commercial center of India.
A lot of international companies give jobs to millions of locals busy in IT, finance, engineering, diamond polishing, and textile mills.
Certainly, a large portion of earnings come from the entertainment sector.
The decent life is not possible though for those unskilled or semi-skilled workers who earn the national minimum wage of $54.5 per month.
This sum is too little to cover all the basic expenses an average Mumbai citizen has.
As for mortgage loans, there are dozens of brokers and agencies who will offer you the best prices based on their deep convictions of how much your new apartment should cost and why.
On average, the interest rate is 9.13% for the apartments purchased under the mortgage programme to be paid within 20 years.
Cost of Living by City in India
*Click the name of the city for more information.