Cost of Living in Mumbai for a Accountant
Food Prices
| Item | Price (₹) |
|---|---|
| basicLunch | ₹ 143 |
| midRangeDinner | ₹ 844 |
| coffee | ₹ 110 |
| milk (1 liter) | ₹ 52 |
| bread (1 loaf) | ₹ 56 |
| eggs (12) | ₹ 103 |
| rice (1 kg) | ₹ 80 |
| chicken (1 kg) | ₹ 272 |
| fruits (1 kg) | ₹ 108 |
| vegetables (1 kg) | ₹ 70 |
For a Accountant living in Mumbai, managing monthly expenses with a salary of ₹35,000 is quite feasible. The estimated cost of living is approximately ₹44,500, offering potential savings of ₹-9,500 per month.
Major expense components include rent (₹22,000), groceries (₹7,000), utilities (₹2,800), and transport (₹2,500). Additionally, you may spend on dining (₹5,000), internet (₹1,200), entertainment (₹1,800), and miscellaneous needs (₹2,200).
In terms of food and grocery essentials, Mumbai offers a variety of options. A basic lunch near work typically costs around ₹143, and a mid-range dinner for two is around ₹844. Common items like milk (₹52), bread (₹56), and eggs (₹103) are reasonably priced.
For protein sources, chicken costs about ₹272 per kilogram, while rice is around ₹80. Fresh fruits and vegetables average ₹108 and ₹70 respectively per kg.
Overall, Mumbai provides a balanced lifestyle for Accountants, combining career opportunities with manageable living expenses. This breakdown helps professionals evaluate living costs and plan their budgets effectively.
Frequently Asked Questions
Q: What is the average salary of a Accountant in Mumbai?
A: Average monthly salary of a Accountant in Mumbai is estimated to be ₹35000. This may vary depending on experience and industry.
Q: Can a Accountant save money while living in Mumbai?
A: Yes, based on typical expenses of ₹44500, a Accountant earning ₹35000 could save around ₹-9500 per month with mindful budgeting.
Q: What are the main expenses for a Accountant in Mumbai?
A: Key monthly expenses include rent, groceries, transport, and utilities. Dining, entertainment, and internet also contribute to the overall cost of living.
Q: Is Mumbai a good place for Accountants to live and work?
A: Mumbai provides solid opportunities and infrastructure for Accountants, making it a viable option for both career and lifestyle.