What is the Cost Of Living In Bangalore 2022?

What is the Cost Of Living In Bangalore, Bangalore is a city that offers premium and quality living for families, working professionals and students. This blog will help them estimate the cost of living in Bangalore and then make a final decision.

Real estate in Bangalore is an active and growing market because of the service industry and the growing number of businesses in the city. This writing is done in view to estimate and examine the cost of living in Bangalore. So, everyone who wishes to buy a home in this city should spare some time and read this blog.

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Every year, many migrate to India’s Silicon Valley and majority of the population is of migrants. While a lot of the expenses that you have to bear, will depend on your personal needs, situation circumstances and lifestyle choices. In this blog, we will look at some major avenues where people end up spending more like property buying, rent, education, day-care, fuel expenses, food, travel, transportation, utilities, etc.

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How Much Will You Pay To Own A Property In Bangalore?

Bangalore is a hub and offers varied choices of both affordable as well luxury segment properties for sale. The price range is between Rs 1 lakh for residential plots to as much as Rs 40 crores for large, independent homes or land parcels, as per the reports.

It totally depends on the budget of the buyer and the needs what will he prefer and finally choose to buy.

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How Much Does It Cost To Rent A Property In Bangalore?

In any state the demand of 2 BHK and 3 BHK apartments in the rental market is always high and also there is no dearth of smaller units such as 1RK, 1BHK and even larger units such as 4BHK residential apartments.

Thus, the cost of rental depends on the exact location, configuration, size of the property and amenities offered. The cost of renting a property in Bangalore varies from Rs 7,000 to Rs 1 lakh per month.

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Cost Of Property Buying In Popular Localities Of Bangalore

Locality-------------------------------------------Average property buying price

Whitefield----------------------------------------------Rs 5,930 per sq ft

Electronic City------------------------------------------Rs 4,888 per sq ft

Krishnarajapura-----------------------------------------Rs 6,650 per sq ft

RR Nagar------------------------------------------------Rs 5,980 per sq ft

Banashankari--------------------------------------------Rs 8, 270 per sq ft

Hoskote--------------------------------------------------Rs 3,160 per sq ft

Sarjapur--------------------------------------------------Rs 3,400 per sq ft

Chandapura----------------------------------------------Rs 2,400 per sq ft

Devanahalli-----------------------------------------------Rs 4,550 per sq ft

Vidyaranyapura-------------------------------------------Rs 3,790 per sq ft

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Cost Of Property Renting In Popular Localities Of Bangalore

Locality--------------------------------------------------Average monthly rentals

Whitefield----------------------------------------------------Rs 27,041

Electronic City------------------------------------------------Rs 16,583

Krishnarajapura-----------------------------------------------Rs 14,448

RR Nagar------------------------------------------------------Rs 19,054

Banashankari--------------------------------------------------Rs 18,212

Hoskote--------------------------------------------------------Rs 12,905

Sarjapur--------------------------------------------------------Rs 20,147

Chandapura----------------------------------------------------Rs 17,000

Devanahalli-----------------------------------------------------Rs 18,441

Vidyaranyapura-------------------------------------------------Rs 14,293

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How Much Do Co-Living Properties Cost In Bangalore?

If you are in search of a co-living property in Bangalore as a student or a working professional, then here you get a range of options available.

Prices for these types of properties vary depending on the facilities offered, such as food, laundry, maintenance and housekeeping, as well as the location and age of the property.

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Cost Of Local Transportation In Bangalore

As per the reports and surveys, on an average, a one-way ticket in a local transport costs Rs 50, while a monthly pass on an average costs Rs 1,500. The normal tariff for hiring a cab comes to Rs 100. Petrol cost, as of August 2021, is at 105.25 per litre.

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Cost Of Dining-Out In Bangalore

If you want to eat out someday, then a meal for two people in a mid-range eatery will cost you anywhere between Rs 750 and Rs 2,500 in Bangalore.

And if you choose to have inexpensive meals in small eateries then that will cost you about Rs 200 per person. The city is a hotspot with a lot of eateries, micro-breweries, hangout and leisure zones, providing a classy dine-out and party experience throughout the year.

Cost Of Food And Groceries In Bangalore

Along with expensive property for sale in Bangalore, the consumption of spent on grocery, food and provisions will cost between Rs 7,000 and Rs 15,000 per month, for a family of two people.

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Cost Of Utilities In Bangalore

There is much household expenditure that includes the costs on use of electricity, water and garbage disposal. On an average, a person living in here has to spend about Rs 1,000-4,500 on these utilities. Internet and data charges will add up to anywhere between Rs 800 and Rs 1,500 for a working professional, per month.

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Cost Of Child-Care In Bangalore

If you are having a child or planning to have one, then calculation of child-care is must. The cost for child-care will vary, depending on the age of your child. If you are employing a part-time help or nanny, their salary ranges from Rs 7,000 to Rs 15,000 per month. A full-time help will cost anywhere between Rs 10,000 and Rs 20,000 per month, depending upon their qualification level.

And, it goes higher with the age, as the child grows up the spent on the education and other needs for the child gets increased.

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What Goes Well For Bangalore?

• Job Market In Bangalore

There are over 67,000 registered companies in Bangalore with 12,000 working on a full-time basis, the highest in India.

The work ecosystem is healthy and Bangalore is a good choice if you are considering a start-up.

• Night-Life In Bangalore

A great night life can be lived at Bangalore as there are number of pubs and hangout zones attract the cosmopolitan crowd of the city. Prominent locations include Indiranagar, MG Road and Koramangala.

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Which Luxury Locations In Bangalore You Can Go For?

Properties in Bagalur Road, Sarjapur, Devanahalli, Ulsoor, Indiranagar, Malleshwaram and Koramangala are some of the posh areas in Bangalore. Other locations in this list can include Rajajinagar, Richmond Town, Benson Town, Cooke Town and RMV Extension.

Thus, buying flats in Bangalore offers a good living with countless pleasures and many more benefits for lifetime.

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