Apr 21 • 4 mins read
Real Cost of Living in Gurgaon: What You Need to Know
Living in Gurgaon can be both exciting and expensive. With its vibrant culture, modern infrastructure and diverse entertainment options, it’s no surprise that the city is becoming a popular destination for those seeking an urban lifestyle. It is one of India’s leading cities for business and technology, and many people are drawn to its promise of economic opportunity.
However, what many fail to consider is the real cost of living in Gurgaon – how much it actually costs to live comfortably in this bustling city. In this article, we’ll discuss the true cost of living in Gurgaon, looking at everything from groceries and housing to transportation and entertainment.
What are the Factors that Determine the Cost of Living in Gurgaon?
Accommodation / Rental
For people living in Gurgaon, there are various options when it comes to accommodation. One can choose between a 1 BHK or 2 BHK apartment, depending on their budget and space requirements. Those on a tight budget can opt for a 1 BHK apartment, which is available for around Rs 15,000 per month.
Alternatively, if one is looking for more space or planning to share the apartment with roommates, a 2 BHK apartment is available for rent upwards of Rs 20,000 per month. Sharing the cost of the apartment with roommates is also a popular option among bachelors, which can help lower the expenses and make living in Gurgaon more affordable.
Food and Groceries
Gurgaon is undoubtedly a food lover’s paradise, with a plethora of options available when it comes to eateries and restaurants. However, for those on a tight budget, cooking at home is a wise choice. Eating out regularly can prove to be quite expensive in Gurgaon. If you’re staying in a PG, then most of them provide food, which is included in your rent. But if you’re residing in a flat, then cooking your own meals or hiring a cook/maid is your safest and most budget-friendly option.
The cost of hiring a maid or a cook in Gurgaon can range from ₹ 3000-6000 depending on the number of meals you require. If you’re in the mood for some street food, then Sadar Bazaar and Huda Market are your best bets. For those who occasionally indulge in outside food while cooking at home, the average expenditure on food can range from ₹ 6000-8000 per month.
Gurgaon’s public transport options are limited, leaving most people to rely on private cabs and autorickshaws for their daily commute. However, depending on your office’s distance from your residence, the average monthly cost of transportation could be quite high. The ever-increasing fuel cost only adds to the expenses.
For instance, an autorickshaw in Gurgaon charges ₹ 50 for a two-kilometre ride, which means you could end up spending an additional ₹ 5,000 every month just on transportation. It’s worth keeping in mind that these costs may vary based on your location and frequency of travel. It’s advisable to consider your transportation expenses while budgeting your monthly expenses in Gurgaon.
When it comes to living spaces in Gurgaon, the electricity bill may or may not be included in your rent. If you have to chip in for the electricity bill, then it’s essential to keep in mind that the cost per unit of electricity in Gurgaon is between ₹ 6 to ₹ 8 per unit, depending on your total consumption. Additionally, the cost of Wi-Fi may vary based on the speed and additional services you require.
In Gurgaon, the cost of Wi-Fi could range anywhere between ₹ 300 to ₹ 1500 per month. It’s always advisable to inquire about these costs beforehand to make an informed decision and budget accordingly.
Providing quality education to children in Gurgaon can come at a steep price for families. The monthly fees for two children can easily amount to ₹ 50,000 or more, depending on the school and level of education provided. It’s important to research and compare different schools in Gurgaon to find one that fits your budget and offers quality education.
It’s also advisable to inquire about any additional costs, such as transportation, uniforms, and extracurricular activities. By planning and budgeting for these expenses, families can ensure their children receive quality education without facing any financial strain.
Shopping and Entertainment
Gurgaon offers a plethora of entertainment options, including pubs, shopping malls, expensive restaurants, gyms, parties, and more. However, indulging in these activities can quickly add up and put a strain on your budget. Monthly expenses for such activities can easily amount to ₹ 10,000 or more, depending on how often you indulge in them.
It’s important to strike a balance between your entertainment expenses and your overall budget to avoid overspending. You can explore more affordable options such as local markets, outdoor activities, and community events to save on entertainment costs. By budgeting wisely and prioritizing your expenses, you can enjoy all that Gurgaon has to offer without breaking the bank.
Is Living in Gurgaon Expensive?
Living in Gurgaon can be expensive, especially when it comes to housing, transportation, and entertainment. The cost of living in Gurgaon is higher compared to other cities in India due to its upscale lifestyle, high demand for amenities, and the presence of multinational corporations.
Which is Cheaper Delhi or Gurgaon?
In general, Delhi is considered to be cheaper than Gurgaon. The cost of living in Delhi is relatively lower compared to Gurgaon, especially when it comes to housing and transportation.
Is it Good to Settle in Gurgaon?
Gurgaon’s swift development has not only led to an improved standard of living but also created a multitude of opportunities. While Delhi remains a popular choice for many, Gurgaon can also be an excellent option for those considering relocation in the National Capital Region. With its expanding infrastructure, burgeoning job market, and upscale lifestyle, Gurgaon offers a compelling alternative for those seeking a thriving urban environment.
Is Gurgaon cheaper than Bangalore?
Yes, Gurgaon is considered to be cheaper than Bangalore.
What are some financing options available to people living in Gurgaon to maintain their standard of living?
There are several financing options available to people living in Gurgaon to maintain their standard of living, including:
- Personal loans: People can avail of personal loans from banks and financial institutions to meet their financial needs.
- Credit cards: Credit cards offer a flexible way to finance expenses, and many banks in Gurgaon offer credit cards with attractive rewards and cashback programs.
- Home loans: Those who wish to purchase a house in Gurgaon can avail of home loans from banks and housing finance companies.
- Education loans: Students in Gurgaon can apply for education loans to finance their studies.
- Vehicle loans: People can avail of vehicle loans to purchase cars, bikes, or any other vehicle of their choice.