Regarding the cost of living in Gurgaon, India’s third-highest per capita income is in Gurgaon, a significant financial and industrial center and modern metropolitan metropolis. This ‘satellite city,’ 30 kilometers south of New Delhi, was once known as Gurgaon. It is a significant satellite city of Delhi and a piece of the National Capital Region. The Indian automaker Maruti Suzuki India established a production facility in Gurgaon in the 1970s, which marked the beginning of the city’s economic boom narrative. Since then, the city has only experienced expansion and modernization, whether in terms of infrastructure, employment, or other amenities. More than 250 Fortune 500 businesses already have local offices in the city.
Therefore, if you are considering moving to the city, you will find it simple to socialize with the urban elite who share Dilli’s crazy. Naturally, it has many bars, clubs, and top-notch restaurants and a unique fusion of cultures from all over the nation. Popularly known as the “Cyber Hub City,” it has much to offer to make your life exciting and wonderful. Still, it also has a sharply growing cost of living and frequent power outages that could worry you occasionally. According to the Numbeo data, the city’s cost of living in Gurgaon index is 10.54% more than Bangalore’s.
As a result, if Gurgaon is your next visit, you have come to the perfect location for assistance in deciding how much anything will cost. Now, let’s go into more depth about the many costs you must consider while you are in the city:
Accommodation
Gurgaon is one of the most expensive cities in India to live in; you should look at a lot of properties before relocating. List your budget, the neighborhood you wish to live in, and—most importantly—the commute distance you will make daily. Decide on the lodging sort first, then look at additional facilities. You have various choices, like renting an apartment or a PG. Here is a thorough breakdown of the prices for the many types of lodging you may select from.
Different security deposits apply based on the kind of lodging. There are only so many venues where you might not be asked to put down any money. A PG usually requires a minimum of two months’ rent. Depending on the kind of lodging and the floor space, the security deposit for flats can go up to 2 lakhs.
Before signing any agreements, research the housing conditions, rental terms, security, and neighborhood once you have decided on the region and kind of lodging. By posting or responding in Facebook groups created expressly for home seeking, such as Flats and Flatmates (Gurgaon) and Flats and Flatmates (Gurgaon), to mention a few, you may be prepared in advance about the locations you would want to look. You may also check for various online platforms like Nestaway, NoBroker, and others that provide rental housing possibilities.
Furnishing
When considering the “cost of living in Gurgaon,” furnishing a new home is often one of the top priorities for ex-pats. The priority when moving into a new home is outfitting it. To reduce your monthly expenses, choose an unfurnished or partially equipped residence. Semi-furnished 2 BHK homes start at a price range between ₹20,000 and ₹25,000. Furnished homes can be costly, and making smart choices can help manage your expenses effectively.
You may make significant financial savings by renting the items yourself to equip your space. This option is widely discussed and recommended in several internet forums and expat communities. Look for reliable rental services that offer great prices on anything from furniture, home appliances, electronics, and exercise equipment. Renting saves you from the upfront costs of purchasing these items and provides flexibility when it comes to relocation or upgrading your living space.
On the other hand, if you decide to buy the items, the EMI (Equated Monthly Installment) may seem like a minor expenditure initially, but it comes with far longer financial commitments. Additionally, if you choose a furnished apartment, you can expect to pay an additional ₹10–₹15k on top of the rent. After weighing the pros and cons, many expats find that renting is a much better and wiser alternative when it comes to furnishing their homes in Gurgaon. If you need to move, you can save a significant sum of money without having to deal with the hassle and costs associated with moving furniture or appliances, which would usually be a dreadful situation to manage while being constrained by EMIs.
By making informed decisions about furnishing options, you can better manage the cost of living in Gurgaon and allocate your resources more effectively towards other essential expenses. Renting provides flexibility, convenience, and potential cost savings, making it an attractive choice for expats who prioritize a comfortable living experience without overstretching their budgets.
Utility costs: Cost of Living in Gurgaon
When considering the “cost of living in Gurgaon”, it’s important to factor in utility expenses. Here, summers are sweltering, and the regular power outages compound the problems. As a result, the cost of power generators and inverters increases the electricity bills to ₹1,500–₹3,000 per month, especially during that period. In addition to these increased gas prices, heating may raise the average monthly bill to ₹3,000–₹4,000. You may handle these expenditures at ₹1,500–₹2,000 per month, depending on consumption, if you split the costs with someone. Gurgaon has top-notch restaurants, upscale eateries, and delicious food outlets. It is a street food lover’s paradise with places like Sardar Bazaar and Huda Market, to name a couple. Park an expense of ₹1,000–₹2,000 each month to sample such luxuries. Other than this, your rent will often cover your regular food costs if you live in a PG. You have two options if you are living alone in an apartment: you can either cook for yourself, or you may hire a maid to cook and clean. If you choose it, your monthly shopping costs will be between ₹2,000 and ₹3,000, while hiring a maid will run you between ₹2,000 and ₹4,000 per month. If you split your food costs with someone else, your overall costs might increase to ₹2,000–₹4,000.
Costs of Transportation: Cost of Living in Gurgaon
When it comes to the cost of living in Gurgaon, one of the city’s main concerns is transportation. Most individuals use their automobiles because public transit is not adequately linked. Although the municipal bus system has been operating for a while, its frequency remains modest. The Gurgaon Rapid Metro serves the city and serves as a feeder connection to the Delhi Metro, even though the city is well connected to the Delhi Metro, making commuting to and from Delhi easy. In addition to this, there are also private cabs and shared cars available for local transportation. The alternatives must be carefully considered because they are costly and are readily available all day.
The typical monthly cost ranges between ₹3,000 and ₹4,000. The average monthly cost for daily usage of public transportation in Gurgaon is ₹3,000; for CNG vehicles, it is ₹2,000 to ₹3,000; and for commuters on bikes or scooters, it is ₹1,000 to ₹1,500.
Expenses for entertainment
The Kingdom Of Dreams, Appu Ghar Water Park, and more exciting attractions can be found around Gurgaon. In addition, Gurgaon’s multicultural population occasionally pleasures itself in pubs, clubs, discos, theaters, and other locations. Therefore, one should budget, on average, ₹2,000 to ₹5,000 a month for such leisure time. These expenses are entirely up to the individual and differ widely from person to person.
Although Gurgaon offers many prospects, its cost of living index is significantly higher than other major cities. Nothing is impossible; with careful preparation and study, you can live well in a city like Gurgaon without worrying about your funds.
Here are a few professional pointers you should bear in mind:
- For instructions and transport, use Google Maps.
- Download an expense tracker app to keep track of your spending and budget your daily, weekly, and monthly costs.
- To be more prepared, have apps like Uber/Ola, payment Android/iOS apps, etc.
- Due to the city’s high crime rate, keep an eye on your safety and always be vigilant.
We realize that moving to a new city may be thrilling and daunting. Therefore, it’s normal to think it will take some time to get used to the rapid pace of life. However, if you share housing with someone, you may manage between ₹20 and ₹30,000.
Conclusion- cost of living in Gurgaon
Relocating to a new city can be both exciting and challenging, especially when it comes to understanding the cost of living in Gurgaon. This metropolis, known for its modern infrastructure and bustling business environment, offers a unique blend of urban convenience and suburban charm.
Throughout this comprehensive guide, we have explored various aspects of the cost of living in Gurgaon, providing you with insights into housing, transportation, healthcare, education, and leisure activities. By breaking down the expenses associated with each category, you can better plan and manage your finances as an expat in this vibrant city.
It’s important to note that while the cost of living in Gurgaon may seem higher compared to certain parts of India, the city offers numerous advantages that make it an attractive destination for expatriates. From its well-developed infrastructure and ample job opportunities to its diverse culinary scene and recreational options, Gurgaon promises a rich and fulfilling experience.
As you embark on your journey to Gurgaon, remember to tailor your budget and expenses according to your specific lifestyle preferences and requirements. Embracing a mindful approach to managing your finances can help you strike the perfect balance between enjoying the city’s amenities and maintaining financial stability.
Ultimately, the cost of living in Gurgaon should be viewed as an investment in a high-quality life experience. By carefully planning and making informed decisions, you can seamlessly integrate into this dynamic city and create lasting memories while pursuing your personal and professional goals.
