Living in Delhi is not easy because apart from the escalating cost of purchasing a house and rental cost along with other miscellaneous costs, the crime graph and pollution makes life tough. Still, there is a lure of living in the capital city of India.
One has to know the cost of living in Delhi for a bachelor, couple, or family which means the cost of purchasing or renting a house, cost of transport for commuting to and from work or institution, cost of household, education, and childcare. The average cost lies anywhere between 7000 to 1 lakh per month.
If you happen to stay in a rented house, you should have an idea of the kind of prevalent rent in the market. A 2 BHK apartment in a reasonably decent locality might cost you a monthly rent of Re 30, 000. The average price of a 2BHK apartment in Delhi is around 45 lakh. If you commute by train the cost of monthly comes around 1500 a month. For electricity, water cost and garbage disposal the cost is about Rs 4000 a month. The cost of educating little kids in kindergarten is in the range of 2500 to 10, 000. If there is a maid, she will charge you somewhere near 5000 to 6000. You can add to that the average cost of eating out per person is almost 3000 to 400. You may pitch in a lifestyle cost of Rs 10, 000. The miscellaneous cost that may include repair and maintenance will be around 2000 a month. The cost of monthly grocery is about 6000 per month. All these costs add up to the cost of living in Delhi.
Index of living in Delhi
As per the index of living released by the Housing and Urban Affairs ministry, Delhi, along with other cities of India, was given marks based on social, institutional, economic, and physical conditions. The overall rank of Delhi has been 65. As far as health infrastructure is concerned, the city ranks last. It has rank 19 in terms of governance and 59th in terms of education. In terms of social, economic, and physical infrastructure, the performance of Delhi is remarkably low at 39%. According to the global livability index, released globally, Delhi ranks 112 out of 140. There are incidents of crimes, both petty and big ones and you run the risk of lurking terror attacks in the lanes and thoroughfares of this otherwise beautifully laid out and green metro.
You may wish to live in a rented house in Delhi. That should be incorporated while discussing the cost of living in Delhi. There are many types of apartments available for living in rent. There are 1RHK, 2BHK, and 3BHK and maybe bigger ones if you like. It all depends on your choice and income to dispose of for rent. The rent varies for a 2BHK apartment from 5000 per month to 1 lakh per month depending on the area of the city the house is in. There are localities such as Sunder Nagar, Jangpura, Defence Colony, and Hauz Khas known as premium locations where the rented apartments will be costlier and unaffordable to many middle-income groups. They are locations like Dwarka, Ashok Nagar, and Uttam Nagar where the rents will be affordable and there are many houses available.
If you wish to buy a 2BHK apartment in Delhi, the range of price will be from 25 lakh to 15 crores. A 3BHK apartment will cost you dearly in terms of rent. You will do well to invest in the NCR or National Capital Region of Delhi like Gurgaon and Noida where you will find affordable and good homes compared to houses in Delhi proper.
Daily commuting Expenses you should note for calculating the cost of living in Delhi
If you are a daily commuter, monthly bus passes might cost you about 1500. There are Metros and DTC buses for the citizens and they are quite convenient. There are instances of Metro doing experiments on running a greater number of round trips for checking rising pollution level caused by vehicular traffic of this city that is bursting at the seams with the teaming millions who inhabit this place. You should also calculate childcare costs along with the cost of education.
