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Cost Of Living In Bangalore
The cost of living in Bangalore includes expenses like rent, essentials and etc. Apart from the daily living expenses, you have to carry other expenses as well.
The silicon valley of India has a booming IT and Service Industry which has increased the demand in the real estate market and the cost of living in Bangalore.
You might find it complicated to save your salary while carrying all expenses in Bangalore. Hence, we have provided you with a few tips on how you can easily save money while living in Bangalore.
Factors Affecting Cost Of Living
The cost of living in Bangalore for an individual will include different factors according to their needs and these will be different from each other. However, we have compiled the general requirements and costs of living in Bangalore.
Note:
Homebazaar serves homebuyers searching for flats in Bangalore with end-to-end services like site visits, and lower-interest home loans to property registration guidance. We provide the best price options & offers for 1 to 4 BHK RERA-registered flats, villas & penthouse properties in Bangalore. To begin a smooth homebuying journey with us, fill out the form mentioned below or on the right side.
Rental
If you are working in Bangalore and finding a home to stay in, then you might prefer a place which will be near to your workplace and also under your budget.
The only thing you need to check here is the amenities which will be provided to you under the rental expense like furniture items, water supply, geyser availability and etc.
Moving into an unknown place can be difficult, hence check the safety and security of that area. More amenities and safety might require more rental expenses. Hence, you should choose as per your requirement.
There is also an option of staying in a co-living space and sharing your room with others. Here the rental expense will be less compared to staying in single accommodation.
The estimated rental expense for an individual:
| Occupancy | Price Range (Estimated) |
| Single Room | Between Rs 9000 to Rs 16000 |
| Double Sharing | Between Rs 7000 to Rs 13000 |
| Triple Sharing | Between Rs 6000 to Rs 12000 |
| Managed Apartments | Between Rs 16000 to Rs 25000 |
Transport
Bangalore is around 709 square kilometres hence, travelling to your destination might cost more compared to other cities.
If you are taking a bus every day to reach your workplace, then you can get a monthly bus pass which will cost around Rs 1000 per person.
However, if you own a car then your travelling expenses might increase to Rs 5000, including petrol, insurance and installation costs.
Essential
The essentials of a household include electricity connection, Wifi connection, domestic help, and many more.
If you are staying in a co-living space, then this expense will be shared and your portion will be minimum.
The per unit electricity cost is Rs 8.20, hence, if you are staying in shared accommodation, you will have to contribute less than staying in single accommodation. The electricity bill includes every electrical instrument you are provided with.
The approximate cost of Wifi will range from Rs 400 to Rs 1200 depending on which package you have selected. The cost of other expenses will depend on the usage frequency.
Entertainment
Entertainment costs will include a list of simplistic pleasures and luxurious partying. This cost will depend on the preference and the type of lifestyle of the individual.
The morning cappuccino you have can cost up to Rs 150 depending on the brand. Your entertainment will also include leisure. For example, a gym membership can cost Rs 1600 per month for an individual.
If you have a meal and drink outside along with two movie tickets, your approximate cost will be Rs 2000 per person.
If you are going clubbing in Bangalore, then the approximate cost will be around Rs 3000 including meals and drinks of an individual.
Cost Of Living For A Family In Bangalore
The set of living for a family will be different than a bachelor’s. You have to find accommodation for 2 or 3 BHK. Hence the rental cost, grocery expense, utility expense and etc will be different.
| Factors | Expense |
| Accommodation | Rs 16000 – Rs 30000 |
| Groceries | Rs 3000 – Rs 10000 |
| Transportation | Rs 1500 – Rs 3000 |
| Utilities | Rs 2500 – Rs 3500 |
| Entertainment | Rs 2500 – Rs 6000 |
| Shopping | Rs 4000 – Rs 7000 |
| Kids schooling | Rs 4000 – Rs 13000 |
Apart from the accommodation cost, your expense would be around Rs 30000 to Rs 35000 for a family.
Cost Of Living For A Couple In Bangalore
Expenses for a couple or a working couple would include a combination of entertainment costs and essential costs.
If you are working, then the expense of living in Bangalore would get divided between both of you. On average, the expense of a couple is around Rs 25000 to Rs 40000 depending on the lifestyle.
The entertainment cost for couples will include tours and travelling whose cost will be around Rs 15000.
The expense of electricity, transportation, Wifi, and others will be more for couples compared to an individual.
FAQs
| Q1: What is the cost of living in Bangalore for a single person?
Ans: The average cost of living in Bangalore for a single person is around Rs 25000 monthly. However, this cost solely depends on the type of preference and lifestyle. |
| Q2: Is the cost of living in Hyderabad less than in Bangalore?
Ans: Yes, the cost of living in Hyderabad is much lesser than in Bangalore because of the house rent, travelling costs, and many others. |
| Q3: Is it affordable to live in a coliving space in Bangalore?
Ans: Yes, if you are staying in a coliving space in Banglore then it would be much cheaper compared to a single accommodation. |
| Q4: How to save money while staying in Bangalore as a bachelor?
Ans: You can save money by staying in a coliving space where all the expenses will be divided among you and your roommates. Try to stay in a coliving space which offers food, and different amenities for living. |
| Q5: What will be the cost of living in Bangalore for a family of 4 members?
Ans: The approximate cost of living in Bangalore for a family of 4 members will be around Rs 50000. |
