Blog
Chennai is located on the south coast of India and attracts the most foreign tourists to India. Chennai is also ranked the safest Indian city and is a top-rated global city for its hospitality. Chennai attracts tourists as well as job seekers. This is due to the affordable cost of living and the many large companies based there. Chennai is a great place to settle down in India because it offers many job options.
Many factors determine the cost of living. The cost of living in Chennai is relatively low compared to other major metropolitan areas. Your cost of living will depend on where you live, how much food you eat, the cost of utilities, and entertainment costs. These things can be planned ahead of time to help you settle in comfortably in a new place. Let's discuss these factors that will determine your Chennai cost of living.
Living Costs in Chennai for a Bachelor
Accommodation:
Single residents can choose to live with a paying guest or a co-living arrangement in Chennai close to their office. This will help them save money on transport costs. Most dwellings include a meal facility, which is included in the rent. These accommodations might also include Wi-Fi, housekeeping, and utility costs. It could cost between Rs 5,000 and Rs 8,000 depending on the area. You will need to pay a little more if you live in a shared apartment with your friends. This is not only for the rent but also for any expenses otherwise covered by a co-living unit. This option may be more expensive than the first.
Lifestyle Cost:
A bachelor only needs to pay for what they want. Depending on how often you go out, it may cost you Rs 700 to Rs 1000 more for each trip.
Living Costs in Chennai for Couples
Homeownership
A 1 BHK flats for rent in Chennai costs, on average, Rs 8,000 to Rs 12,000 per month, depending on the area and the type of facilities in the household. A slightly larger apartment will be available for rent at Rs 11,000 to Rs 14,000 monthly, depending on the kind of furnishing and the location. A 3BHK apartment in the most desirable areas of Chennai will cost you between Rs 1.5 crores and Rs 3 crores. A 3 BHK apartment in an average area will cost Rs 70 lakhs to Rs 1 crore. Chennai's average property price is Rs 6,116 per square foot.
Transportation Cost
If you plan to live near your office, you can save quite a bit. If you intend to drive your car for a commute, it may cost you Rs 5,000 to Rs 6,000 per month for fuel and maintenance. Public transport costs you at least Rs 1000 per month, depending on your comfort level. The maximum fare for the Chennai Metro is Rs 50. These expenses must be considered when estimating Chennai's living costs for professionals.
Lifestyle Cost
If you are a couple, you might have to pay different household costs. These include utility bills, gym membership, grocery shopping, etc. Shopping, eating out, and other expenses can increase Chennai's overall living cost. Depending on your choice and usage, this can run you between Rs 8,000 to Rs 10,000 per month.
You May Read The Stamp Duty And Registration Charges In Chennai
Living Costs in Chennai for Families
Homeownership
A 2 BHK for rent in Chennai for a family with three children will cost around Rs 12,000 to Rs 15,000 per month. This may vary depending on the locality, quality of housing, and other factors such as the housing society. The cost of living for a property sold in Chennai may include EMI. This will depend on the current interest rates and the monthly maintenance fees of the housing society. The cost of a 3 BHK apartment in Chennai varies depending on the locality and the housing society. Adyar is a more expensive area than T Nagar. However, property prices in Adyar are approximately Rs 14,751 per square foot. T Nagar's prices are about Rs 15,137 per square foot.
Education Cost
The city is home to some of the most prestigious educational institutions, such as schools and colleges. Parents can expect to pay around Rs. 8000 per month for primary school fees. 8000 and higher.
Other Expenses
A family of four living in Chennai will need to pay school fees, a cook/maid salary, property taxes, food, and additional living costs. Depending on the family members, this could run between Rs 15,000 and Rs 20,000 per month. Transport costs for each person can range from Rs 1,000 to Rs 2000 per month depending on the distance traveled.
You May Read What is the Right Time To Invest In Chennai Real Estate?
Chennai - Is It Affordable To Live In?
Depending on your household size and family members, Chennai is one of India's most affordable cities. Because of the size, lifestyle choices, and differences in housing types, Chennai's cost of living is different for couples, families, and bachelors. Below is a detailed list of expenses for various lifestyles, household sizes, and household types.
How much salary do you need to live comfortably in Chennai?
A person who works in Chennai usually earns 33.800 INR a month. 8540 INR is the lowest average salary, while 151,000 is the highest average. However, the actual maximum wage can be higher. The average monthly salary includes housing, transportation, and other benefits. Different careers have different salaries. For specific job titles, please see the table below.
Cost of Living in Chennai and Bangalore
To maintain the same standard of life in Chennai as you have with 100,000.00 Rs at Chennai, you would need to spend around 121.853.93Rs. This calculation uses our Cost of Living Plus Rent Index to compare the cost of living. This assumes that you have net earnings after income tax. You can modify the amount in this calculation.
Why you Should shift to Chennai
It is not easy to move to another city. This statement rings more accurate for cities with unique cultures like Chennai. It cannot be easy to settle into a new job or find a place to call home in a foreign city. It is precisely why moving to Chennai is such an adventure. It is crucial to be prepared, just as with any experience. Here are the essential things to know about Chennai before you set foot on the long haul.
About Author
Jatin Dubey
An enthusiastic content writer who is a law graduate and has been working as Real Estate Consultant for around 9 years.
He has worked with top Real Estate Agencies and Builders in Delhi, Bangalore and Pune. His skills to perform market analysis and explore high potential localities has helped many clients in the past.
An enthusiastic content writer who is a law graduate and has been working as Real Estate Consultant for around 9 years.
He has worked with top Real Estate Agencies and Builders in Delhi, Bangalore and Pune. His skills to perform market analysis and explore high potential localities has helped many clients in the past.
Wanna post Blog!!. Create blogger account now and start posting blog. Create Blogger Account
Properties to
- Flats for Sale in Chennai
- House for Sale in Chennai
- Villas for Sale in Chennai
- Farmhouse for Sale in Chennai
- Flats for Sale in Kolapakkam Chennai
- House for Sale in Purasaiwakkam Chennai
- House for Sale in Ambattur Chennai
- Flats for Sale in Annamalai Colony Chennai
- Flats for Sale in Nerkundram Chennai
- Flats for Sale in Nesapakkam Chennai
- Flats for Rent in Chennai
- Villas for Rent in Chennai
- House for Rent in Chennai
- Flats for Rent in Kodambakkam Chennai
- Villas for Rent in Mangadu Chennai
- House for Rent in Mylapore Chennai
- Flats for Rent in Anna Nagar West Extension Chennai
- House for Rent in Ambattur Chennai
- House for Rent in Velachery Chennai
- House for Rent in Kattupakkam Chennai
