Is 30000 a good salary in Mumbai?

Can I survive in Mumbai with 30k salary?

5000-12000 per month in areas like Navi Mumbai, Thane, etc. to as high as Rs. 30000-50000 in areas like South Mumbai, Juhu, etc. … For couples or families moving to Mumbai, a decent sized 1 Bhk in such areas can cost you somewhere around Rs. 8000-Rs 15000.

What is a good salary in Mumbai?

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.

Is 30000 a good salary in India?

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. Including all the expenses like transportation, groceries, personal expenses, and much more.

Is 30k a good salary?

$30,000 a year is good for a single person, but it might be a stretch for a family unless it is one of multiple income streams. However, it can work depending on where you live and how you budget. … If you need to survive on $30,000 a year, it may be accomplished through budgeting and reducing your expenses.

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How much salary do I need to buy a house in Mumbai?

Those with income of ₹ 20 lakh or above should buy a property in the city. 3. Time for accumulating down payment is just 5.8 years in Bengaluru. Those with income of more than 15 lakh per annum can buy a property in the city.

Is 20 lakhs good salary in Mumbai?

Think again, unless your annual take-home salary is at least Rs 20 lakh per annum. … That is the minimum you must earn if you want even a modest home in the Mumbai Metropolitan Region (MMR), shows a recent research by Liases Foras, a real estate rating and research firm.

How much money do you need to live in Mumbai?

The average cost of living in Mumbai with rent primarily depends on your lifestyle. If you lead a simple lifestyle, it is possible to stay for ₹25,000 to ₹35,000 a month. 2. How much money do you need to lead a comfortable life in Mumbai?

How much does a middle class person earn in Mumbai?

633,000 ‘New Middle Class’ households In India: Hurun India report. Hurun India Wealth Report 2020 released Tuesday has identified a novel household category in India – the ‘New Middle Class’ – with an average savings of Rs 20-lakh per annum.

Which is costly place in Mumbai?

Price trends in the costliest areas of Mumbai

Area Average property prices (per sq ft) Average rent per month
Tardeo Rs 47,786 Rs 2.5 lakhs
Juhu Rs 44,442 Rs 1.75 lakhs
Bandra west Rs 42,691 Rs 95,000
Worli Rs 37,013 Rs 80,000
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What is considered high salary?

For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.

What is a high salary in India?

Highest Paying Jobs for Freshers

Job Average Salary
Full Stack Software Developer Nearly 6 lakhs per annum
Machine-Learning Expert 6-7 lakh per annum (entry level)
Block-chain Developer 4-5 lakh per annum
Merchant Navy 5-6 lakh per annum (chief officer)

What should my salary be at 30?

What was the average and median income by age in 2021?

Age 25% Median
29 $24,615.00 $41,085.00
30 $25,000.00 $40,560.00
31 $28,000.00 $45,000.00
32 $26,001.00 $45,330.00

Is 30k a year middle class?

In 2010, the Census Bureau reports that the median income in the United States was $49,445, so if you go a little lower or higher, you get a middle-class range of between about $30,000 and $70,000 a year.

Can I buy a house if I make 30k a year?

Qualifying for a mortgage when you make $20,000 a year or $30,000 a year is absolutely possible. … A healthy credit score, a low debt-to-income ratio and a large enough down payment saved up can ensure that you get the highest mortgage achievable for your income bracket.

Is 30000 a good savings?

Most financial experts end up suggesting you need a cash stash equal to six months of expenses: If you need $5,000 to survive every month, save $30,000. Personal finance guru Suze Orman advises an eight-month emergency fund because that’s about how long it takes the average person to find a job.

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