Cost of living in Mumbai

Mumbai, India’s bustling commercial centre, is a city of stark contrasts, where old-world architecture stands shoulder to shoulder with modern skyscrapers, and wealthy neighbourhoods are juxtaposed with less affluent areas. The cost of living in Mumbai is notably high, but with the right employment package, you might find that life in this dynamic city is well worth the investment.

According to Mercer’s 2024 Cost of Living Survey, Mumbai ranks 136th out of 226 cities worldwide, making it the most expensive city in India. It’s followed by New Delhi at 165th, Chennai at 189th, and Bengaluru at 195th.

Cost of accommodation in Mumbai

Accommodation in Mumbai’s city centre can take a significant chunk out of your budget, far more than housing in the outlying areas and suburbs. The rental market is fiercely competitive, which keeps prices high.

Notably, rental prices in premium areas like Andheri have surged dramatically over the past few years. If you’re considering more budget-friendly options, emerging suburbs such as Thane, Navi Mumbai, and Kalyan-Dombivli might be worth a look.

The demand for larger apartments is also on the rise, driven by changes in work patterns and lifestyle preferences. So, if you’re looking for a spacious home, the suburbs might have just what you need.

Cost of transport in Mumbai

When it comes to getting around Mumbai, the city offers a variety of public transport options that are both efficient and affordable. The local trains are the lifeblood of Mumbai’s transport system, connecting virtually every corner of the city. With the ongoing expansion of the metro network, your commute could become even easier in the near future. Buses, auto-rickshaws and taxis provide convenient alternatives for shorter journeys.

Driving in Mumbai, however, can be a bit of a challenge due to heavy traffic. If you prefer the comfort of your own car but want to avoid the stress of navigating Mumbai’s roads, you might consider hiring a private driver. The cost of this service varies, but it’s a popular choice for those who value convenience.

Looking ahead, several infrastructure projects are set to improve the overall outlook for transport in Mumbai. The expansion of the metro and enhancements to road infrastructure are expected to ease congestion and make commuting more efficient.

Cost of groceries in Mumbai

The cost of groceries in Mumbai largely depends on your preferences and lifestyle. If you stick to local seasonal produce and brands, you’ll find groceries to be quite affordable. If you prefer imported Western goods, be prepared to see your grocery bill climb. Imported products are significantly more expensive due to import duties and other associated costs.

Mumbai also offers a growing number of grocery shops that cater specifically to expats, stocking international brands and speciality items. These shops provide a wide range of imported goods, organic produce, and other speciality items, making it easier to find familiar products from home.

Cost of entertainment and eating out in Mumbai

Mumbai, as the epicentre of Bollywood, offers a lifestyle that’s nothing short of cinematic. Whether you’re a foodie or an entertainment enthusiast, the city has something to tickle your fancy.

The dining scene is diverse, with eateries and street food spots catering to every palate and budget. From authentic Maharashtrian delights to South Indian favourites, you can enjoy a taste of local culture without breaking the bank. For those looking for a more upscale dining experience, Mumbai doesn’t disappoint. Mid-range restaurants offer an array of Asian and European fare, perfect for a night out.

Meanwhile, the city’s entertainment options are just as varied. A trip to the cinema is an affordable way to enjoy the latest international releases, while a night out in one of Mumbai’s trendy clubs can be a bit more of a splurge. Mumbai also hosts an array of food festivals and cultural events throughout the year, each offering a unique opportunity to explore the city’s vibrant food and entertainment scene. Whether you’re strolling down Marine Drive or sampling street food at a local festival, you’ll find that Mumbai’s energy is truly infectious.

Cost of education in Mumbai

If you’re an expat parent, navigating the education system in Mumbai can be a challenge but also rewarding. Public schools in Mumbai often teach in English and maintain rigorous academic standards. However, the facilities and class sizes may not match what you’re accustomed to, which is why many expats opt for private or international schools.

International schools in Mumbai offer a range of curricula, including the International Baccalaureate (IB), English and American curriculum. These schools are typically well-equipped and provide a global perspective in their teaching approach, making them a popular choice among expat families. The fees, though, are significantly higher than those of public schools, so it’s essential to consider this when planning your move.

Fortunately, many expats working in Mumbai receive educational allowances as part of their employment package, which can help offset the high costs of international schooling. It’s a must to review these benefits regularly, as allowances may not always cover the full tuition fees, especially with the rising costs in recent years.

Cost of healthcare in Mumbai

Mumbai’s healthcare system is a mix of public and private services, with many expats favouring private healthcare for its higher standards and more comprehensive services. While India’s public healthcare system is adequate, the private sector in Mumbai is renowned for its excellence, particularly in specialised care.

In recent years, Mumbai has seen a boom in private healthcare facilities, including new hospitals and clinics offering a range of services tailored to the needs of expats. The city is also becoming a hub for medical tourism, with high-quality care available at competitive prices.

With these developments, the cost of healthcare has also risen, prompting many to secure comprehensive health insurance to cover any unforeseen expenses. Health insurance premiums have increased over the past year, reflecting the rising cost of care and the growing demand for health services. As an expat, it’s wise to review your insurance coverage regularly to ensure it meets your needs, particularly as the healthcare landscape continues to evolve.