Welcome to Gurgaon, the bustling city in India’s National Capital Region that offers a plethora of opportunities for young professionals. As a bachelor considering a move to Gurgaon, it’s crucial to have a clear understanding of the cost of living in order to effectively plan your budget. In this comprehensive guide, we will delve into various aspects that contribute to the cost of living in Gurgaon, providing you with valuable insights and practical advice to make informed financial decisions.
The cost of living in Gurgaon for a bachelor can vary depending on individual preferences, lifestyle choices, and accommodation options. Here are some general aspects to consider:
- Household
- Travel
- Lifestyle
- Social life
- Utilities & Subscriptions
- Others
Let’s dive deep into each of these aspects.
- Household Expenses: The household expenses would mainly include the following items.
- Rent: Finding suitable accommodation is a primary concern and the costs depend on the location, size, and amenities. While areas like DLF Phase 5 have very high rent (INR 35,000-40,000 for a semi furnished 2bhk), localities like sector 21, sector 22 offer you with value for money accommodations (INR 15,000-25,000 for a 2 bhk). On an average for a decent locality for e.g. sector 52 sector 43, ardee city, the monthly rent for a 2 bhk lies in the range of INR 20,000-35,000. One can get help through platforms like Nobroker.in, Housing.com, Magicbricks.com. Hence, for a 2 bhk semi furnished accommodation, the per person rent ranges between INR 10,000-15,000
- Groceries: If you prefer cooking your own meals, purchasing groceries from local markets like Sadar Bazaar or Supermart in DLF Phase 4 can help keep costs under control. One can also order via apps like Blinkit, Instamart, Zepto which offer quick grocery deliveries. On average, budgeting around INR 3,000 to 6,000 per month for food and groceries should be sufficient per person.
- Cook and Maid: Cooks on an average charge around INR 3,000-6,000 for a 2-bhk for a medium end locality. Maids generally charge around 2,000-3,000 per flat. Overall, per person, a budget of INR 3,500 should be sufficient for the cook + maid
- Furniture and utilities: Most flats in offer are semi furnished, which means you would have to buy or rent the utilities separately. These utilities include basic amenities like the bed, bedding, washing machine, RO water purifier, tv, sofa etc. There are several vendors e.g. Furlenco, Rentmojo, Cityfurnish who offer bundled subsriptions of these items for a monthly cost in the range of INR 1,500-3,000 per month
- Electricity, water and internet bills: Flat owners generally charge the renters a flat 10rs per unit of electricity used. However, in other cases the renters directly pay the electricity bill to the electricity board where the prescribed charges are applicable. Internet plans are easily affordable these and range from 500-1500 per month. On an average, the per person expense ranges around INR 1,500 to 4,000 depending on the season and usage.
- Hence, the average individual overall household expenses range between INR 20,000-25,000.
- Travel Expenses: Commuting in Gurgaon can be managed through public transport, such as the metro, cab, auto & bike services. It’s important to select the locality which minimizes the distance from your flat to the office, daily need shops, malls and friends. On an average, the daily commute ranges between 3-10 km a day. With a cost per km around 20, the monthly transportation expenses can range from INR 1,000 to 3,000, depending on the distance and mode of transportation.
- Lifestyle and Social Life: Maintaining a fulfilling lifestyle involves expenses for dining out, entertainment, gym memberships, hobbies, and social activities. Overall, a budget of INR 5,000-8,000 is sufficient for an upgraded lifestyle. Here’s the breakup.
- Shopping: a jeans and a t-shirt every couple of months should cost you around INR 2,000 a month for an upgraded lifestyle
- Socializing: a budget of INR 1000 a week i.e. around INR 4,000 a month should suffice for a weekly restaurant outing for diner and occasional drinks
- Gym membership: It ranges between INR 1,000-2,500 a month.
- Other Miscellaneous Expenses: Allocate a portion of your budget for miscellaneous expenses like healthcare, personal care items, clothing, and unforeseen circumstances. Set aside around INR 3,000 to 5,000 per month to handle such expenses and emergencies.
Conclusion: To live a comfortable life as a bachelor earning a decent pay package starting around12 LPA in Gurgaon, budgeting is crucial. Taking into account household, travel, lifestyle, social life, utilities, subscriptions, and miscellaneous expenses, an estimated monthly budget of INR 30,000 to 50,000 can provide a decent lifestyle. However, keep in mind that these figures are approximate and can vary based on personal preferences, location, and lifestyle choices. Regularly assess your expenses, prioritize your financial goals, and adjust your budget accordingly. By maintaining a balanced approach to your finances, you can enjoy all that Gurgaon has to offer while ensuring financial stability.