Living in Mumbai in 2025 can be quite a financial balancing act. As one of India’s most expensive cities, the cost of living here continues to rise, especially in terms of housing, groceries, and daily expenses.
Rent is a significant chunk of most people’s budget, with prices varying greatly depending on the area and size of the property.
Even with a decent income, many people find themselves managing tight budgets due to the high cost of living. If you’re looking to move here or just curious, it’s important to understand the costs of everyday life in this bustling city.
Key Highlights of Mumbai’s Real Estate Market in 2025
- Total Sales: 47,035 primary housing units sold in the first half of 2025.
- Majority of Sales: 96% of homes sold were priced below ₹5 crore.
- Sub-₹1 Crore Segment: Dominated by first-time homebuyers, with 30,333 units sold.
- Luxury Market: Homes priced above ₹5 crore are primarily bought by upgrade buyers seeking larger residences.
Breakdown of Housing Sales by Price Range
| Price Range | Units Sold (First Half 2025) | % of Total Sales |
|---|---|---|
| Below ₹50 Lakh | 18,604 | 39.6% |
| ₹50 Lakh – ₹1 Crore | 11,729 | 24.9% |
| ₹1 Crore – ₹5 Crore | 15,270 | 32.5% |
| ₹5 Crore – ₹10 Crore | 1,075 | 2.3% |
| ₹10 Crore – ₹20 Crore | 199 | 0.4% |
| ₹20 Crore – ₹50 Crore | 124 | 0.3% |
| Above ₹50 Crore | 34 | 0.1% |
Source: Hindustan Times
Mumbai Real Estate Buyer Behavior in 2025
- 48% of Buyers: Purchasing homes to upgrade their living situation.
- 34% of Buyers: Investing in property as part of wealth-building strategies.
- 10% of Buyers: First-time homebuyers, especially in the sub-₹50 lakh and sub-₹1 crore segments.
Source: Hindustan Times
Trends in Mumbai’s Residential Market
- Property Laddering: Many first-time buyers are purchasing smaller units and upgrading to larger homes as their financial situation improves over time.
- Strong Demand in Suburbs: While Mumbai’s city center remains expensive, the demand for affordable housing in suburban areas continues to grow.
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Housing Cost in Mumbai 2025
Here’s a table summarizing the price ranges per square foot for various localities in Mumbai:
| Locality | Price Range (₹ per Sqft) |
|---|---|
| Borivali West | ₹12,000 – ₹40,000 |
| Mira Road East | ₹5,000 – ₹20,000 |
| Mulund West | ₹9,000 – ₹40,000 |
| Naigaon East | ₹2,000 – ₹11,000 |
| Mulund East | ₹9,000 – ₹36,000 |
| Matunga East | ₹18,000 – ₹74,000 |
| Chembur | ₹6,000 – ₹54,000 |
| Dahisar West | ₹7,000 – ₹30,000 |
| Goregaon West | ₹10,000 – ₹43,000 |
| Kandivali West | ₹8,000 – ₹38,000 |
| Bhandup West | ₹7,000 – ₹34,000 |
| Malad West | ₹6,000 – ₹42,000 |
| Virar West | ₹3,000 – ₹12,000 |
| Bhayandar East | ₹5,000 – ₹17,000 |
| Kurla East | ₹5,000 – ₹36,000 |
| Borivali East | ₹9,000 – ₹47,000 |
| Dahisar East | ₹7,000 – ₹33,000 |
| Parel | ₹15,000 – ₹64,000 |
| Ghatkopar East | ₹13,000 – ₹40,000 |
| Andheri West | ₹6,000 – ₹60,000 |
| Ghatkopar West | ₹11,000 – ₹40,000 |
| Powai | ₹11,000 – ₹61,000 |
| Prabhadevi | ₹21,000 – ₹95,000 |
| Vile Parle East | ₹18,000 – ₹48,000 |
| Mahim | ₹22,000 – ₹59,000 |
| Byculla | ₹18,000 – ₹78,000 |
| Vasai East | ₹2,000 – ₹13,000 |
| Andheri East | ₹5,000 – ₹41,000 |
| Kandivali East | ₹7,000 – ₹47,000 |
| Virar East | ₹1,000 – ₹11,000 |
| Goregaon East | ₹5,000 – ₹55,000 |
| Sion | ₹11,000 – ₹55,000 |
| Bandra East | ₹13,000 – ₹87,000 |
| Wadala | ₹14,000 – ₹54,000 |
| Jogeshwari West | ₹11,000 – ₹39,000 |
| Lower Parel | ₹22,000 – ₹94,000 |
| Antop Hill | ₹14,000 – ₹64,000 |
| Dadar West | ₹19,000 – ₹73,000 |
| Dadar East | ₹17,000 – ₹66,000 |
| Malad East | ₹10,000 – ₹39,000 |
| Vikhroli East | ₹11,000 – ₹54,000 |
| Nalasopara East | ₹1,000 – ₹11,000 |
| Nalasopara West | ₹2,000 – ₹11,000 |
| Santacruz East | ₹13,000 – ₹50,000 |
| Kurla West | ₹6,000 – ₹30,000 |
| Vile Parle West | ₹19,000 – ₹75,000 |
| Kanjurmarg East | ₹14,000 – ₹34,000 |
| Tivri | ₹4,000 – ₹9,000 |
| Juhu | ₹24,000 – ₹82,000 |
| Vasai West | ₹4,000 – ₹14,000 |
| Bandra West | ₹7,000 – ₹100,000 |
| Matunga West | ₹26,000 – ₹59,000 |
| Boisar | ₹2,000 – ₹8,000 |
| Bhayandar West | ₹5,000 – ₹18,000 |
| Santacruz West | ₹20,000 – ₹78,000 |
| Worli | ₹13,000 – ₹100,000 |
| Kanjurmarg West | ₹10,000 – ₹39,000 |
| Shivaji Park | ₹35,000 – ₹86,000 |
| Mahalakshmi | ₹18,000 – ₹80,000 |
| Khar West | ₹19,000 – ₹93,000 |
| Saki Naka | ₹13,000 – ₹27,000 |
| Jogeshwari East | ₹8,000 – ₹47,000 |
| Palghar | ₹2,000 – ₹9,000 |
| Malabar Hill | ₹29,000 – ₹100,000 |
| Vikhroli West | ₹10,000 – ₹39,000 |
| Tardeo | ₹24,000 – ₹90,000 |
| Wadala East | ₹17,000 – ₹45,000 |
| Chedda Nagar | ₹14,000 – ₹30,000 |
| Girgaon | ₹20,000 – ₹59,000 |
| Mira Road West | ₹7,000 – ₹16,000 |
| Govandi | ₹10,000 – ₹30,000 |
| Mandvi | ₹15,000 – ₹37,000 |
| Cuffe Parade | ₹44,000 – ₹74,000 |
| Kamathipura | ₹21,000 – ₹52,000 |
| Saphale | ₹3,000 – ₹6,000 |
| Mazgaon | ₹12,000 – ₹50,000 |
| Bhandup East | ₹8,000 – ₹25,000 |
| Anushakti Nagar | ₹25,000 – ₹52,000 |
| Grant Road | ₹23,000 – ₹73,000 |
| Agripada | ₹20,000 – ₹94,000 |
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Cost of Renting an Apartment in Mumbai 2025
| Area | 1 BHK Rent Range (₹) | 2 BHK Rent Range (₹) | 3 BHK Rent Range (₹) |
|---|---|---|---|
| South Mumbai (Colaba, Cuffe Parade, Fort) | ₹50,000 – ₹1,50,000+ | ₹80,000 – ₹3,00,000+ | ₹1,50,000 – ₹5,00,000+ |
| Bandra West | ₹40,000 – ₹1,00,000+ | ₹70,000 – ₹2,00,000+ | ₹1,20,000 – ₹4,00,000+ |
| Andheri West | ₹30,000 – ₹80,000 | ₹50,000 – ₹1,50,000+ | ₹80,000 – ₹2,50,000+ |
| Powai | ₹25,000 – ₹60,000 | ₹40,000 – ₹1,20,000+ | ₹70,000 – ₹2,00,000+ |
| Thane | ₹15,000 – ₹40,000 | ₹25,000 – ₹80,000 | ₹40,000 – ₹1,50,000+ |
| Navi Mumbai | ₹12,000 – ₹30,000 | ₹20,000 – ₹60,000 | ₹30,000 – ₹1,00,000+ |
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Cost of Living in Mumbai 2025
| Category | Student | Bachelor | Couple | Family of 4 |
|---|---|---|---|---|
| Rent | ₹19,000 – ₹50,000 | ₹19,000 – ₹50,000 | ₹50,000 – ₹120,000 | ₹80,000 – ₹250,000 |
| Restaurants | ₹4,000 – ₹7,000 | ₹4,000 – ₹8,000 | ₹6,000 – ₹12,000 | ₹8,000 – ₹15,000 |
| Groceries | ₹2,500 – ₹5,000 | ₹3,000 – ₹6,000 | ₹6,000 – ₹12,000 | ₹8,000 – ₹20,000 |
| Transportation | ₹1,000 – ₹2,000 | ₹2,000 – ₹3,000 | ₹3,000 – ₹6,000 | ₹5,000 – ₹8,000 |
| Monthly Utilities | ₹2,500 – ₹5,000 | ₹3,000 – ₹6,000 | ₹6,000 – ₹12,000 | ₹10,000 – ₹20,000 |
| Sports and Fitness | ₹1,000 – ₹2,500 | ₹2,000 – ₹4,500 | ₹3,500 – ₹7,500 | ₹5,000 – ₹10,000 |
| Entertainment | ₹500 – ₹2,000 | ₹1,000 – ₹3,000 | ₹2,000 – ₹5,000 | ₹3,000 – ₹8,000 |
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How Much Does Dining Out in Mumbai Cost?
Eating out in Mumbai can vary greatly depending on whether you’re opting for street food or dining at a mid-range restaurant. Here’s a breakdown of average restaurant costs:
| Meal Type | Price Range (₹) |
|---|---|
| Meal at an inexpensive restaurant | ₹200 – ₹800 |
| Meal for two people at a mid-range restaurant (three-course) | ₹1,000 – ₹4,000 |
| Combo meal at McDonald’s (or similar) | ₹300 – ₹500 |
| Domestic beer (draught, 0.5 liter) | ₹140 – ₹450 |
| Imported beer (0.33 liter bottle) | ₹220 – ₹750 |
| Regular cappuccino | ₹100 – ₹350 |
| Coke/Pepsi (0.33 liter bottle) | ₹40 – ₹100 |
| Water (0.33 liter bottle) | ₹10 – ₹40 |
Average Estimate for Restaurants: ₹3,000 – ₹6,500 per month (for dining out 2-3 times per week)
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What Are the Monthly Grocery Prices in Mumbai?
Grocery prices in Mumbai can vary depending on the store, with local markets often providing cheaper options. Here’s an idea of the cost for basic food and household essentials:
| Grocery Item | Price Range (₹) |
|---|---|
| Milk (1 liter) | ₹50 – ₹90 |
| Fresh white bread (500g) | ₹30 – ₹80 |
| Rice (1kg) | ₹50 – ₹110 |
| Eggs (12) | ₹72 – ₹144 |
| Local cheese (1kg) | ₹360 – ₹1,500 |
| Chicken fillets (1kg) | ₹155 – ₹500 |
| Apples (1kg) | ₹100 – ₹300 |
| Bananas (1kg) | ₹40 – ₹120 |
| Oranges (1kg) | ₹50 – ₹300 |
| Tomatoes (1kg) | ₹25 – ₹80 |
Average Estimate for Groceries: ₹3,000 – ₹8,000 per month (depending on personal diet and shopping preferences)
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How Much Does Transportation Cost in Mumbai?
Mumbai’s transportation options include affordable public transit and taxis. Here’s an overview of the typical transportation expenses:
| Transport Type | Price Range (₹) |
|---|---|
| One-way fare for local transport (bus/train) | ₹10 – ₹50 |
| Monthly transport pass | ₹250 – ₹800 |
| Taxi fare start (normal tariff) | ₹26 – ₹40 |
| Taxi fare (1 km) | ₹21 – ₹36 |
| Taxi waiting charge (1 hour) | ₹100 – ₹200 |
| Gasoline (per liter) | ₹100 – ₹110 |
Average Estimate for Transportation: ₹2,500 – ₹6,000 per month (depending on daily commute habits)
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What Are the Estimated Monthly Utility Costs in Mumbai?
Your monthly utility costs (such as electricity, water, and internet) depend on the size of your apartment and your usage. Here’s what you can typically expect:
| Utility Type | Price Range (₹) |
|---|---|
| Basic utilities (electricity, heating, water, garbage) for an 85m² apartment | ₹2,500 – ₹10,000 |
| Mobile phone plan (with 10GB+ data) | ₹250 – ₹1,000 |
| Internet (60 Mbps or more) | ₹500 – ₹1,500 |
Average Estimate for Utilities: ₹4,000 – ₹8,000 per month (based on average usage)
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How Much Do Entertainment and Leisure Activities Cost in Mumbai?
Mumbai offers a wide range of entertainment options, from cinemas to live concerts. Below is an overview of typical costs:
| Entertainment Activity | Price Range (₹) |
|---|---|
| Movie ticket for an international release | ₹250 – ₹700 |
| Entry to a concert or event | ₹500 – ₹3,000 |
| Club entry (including drinks) | ₹500 – ₹3,000 |
Average Estimate for Entertainment: ₹2,000 – ₹5,000 per month (depending on social activities and preferences)
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What Are the Education Costs in Mumbai?
For families with children, Mumbai offers a variety of childcare and education options. The costs for these services are higher for international schools and private daycare centers. Here’s an overview:
| Service | Price Range (₹) |
|---|---|
| Private preschool (full day) | ₹5,000 – ₹20,000 |
| Annual fee for international primary school | ₹100,000 – ₹600,000 |
Average Estimate for Childcare and Education:
₹5,000 – ₹20,000 per month (depending on school type and level of education)
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How Expensive Is Healthcare and Medical Care in Mumbai?
Healthcare costs in Mumbai range from affordable options in government hospitals to high-end services at private hospitals. Here’s a rough estimate of medical expenses:
| Medical Service | Price Range (₹) |
|---|---|
| General doctor’s consultation | ₹500 – ₹1,500 |
| Specialist consultation (e.g., cardiologist) | ₹1,000 – ₹3,000 |
| Emergency room visit | ₹1,000 – ₹5,000 |
| Private hospital stay (per night) | ₹2,000 – ₹10,000 |
Average Estimate for Healthcare: ₹2,000 – ₹5,000 per month (depending on medical needs and health insurance)
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Comparison of Cost of Living and Rent Index in Major Indian Cities
| City | Cost of Living (COL) Index | Rent Index |
|---|---|---|
| Mumbai | 26.2 | 17.4 |
| Gurgaon | 25.3 | 8.1 |
| Bangalore | 25.1 | 8.8 |
| Delhi | 23.6 | 7.5 |
| Pune | 23.3 | 6.4 |
| Noida | 22.9 | 5.3 |
| Ahmedabad | 22.3 | 4.6 |
| Hyderabad | 22.2 | 6.4 |
| Chennai | 21.1 | 5.4 |
| Kolkata | 20.1 | 3.6 |
| Kochi | 19.8 | 5.5 |
| Jaipur | 19.6 | 4.0 |
| Surat | 19.4 | 12.1 |
| Coimbatore | 19.1 | 3.8 |
| Lucknow | 19.0 | 4.1 |
Source: Wise.com
Conclusion
Buying a home is a big step. Getting a home loan can be hard, but we make it easy. Choosing Credit Dharma for your home loan simplifies this process. We offer expert advice and personalized assistance to make everything hassle-free. You’ll receive timely updates on your loan application and disbursement progress.
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Frequently Asked Questions
The average cost of living in Mumbai in 2024 varies depending on lifestyle and accommodation choices. Generally, a single person may need around ₹60,000 to ₹80,000 per month, while a family of four might require ₹150,000 to ₹200,000 per month.
Monthly rent prices in Mumbai can differ widely based on location and amenities. On average, a 1BHK apartment in the city center can cost ₹45,000 to ₹80,000 per month, whereas in the suburbs, it might be ₹20,000 to ₹40,000.
Mumbai is one of the most expensive cities in India. Living costs in Mumbai are higher compared to other major cities like Bangalore, Chennai, or Kolkata, especially in terms of rent and dining out.
Typical monthly expenses for a family in Mumbai include rent (₹70,000), groceries (₹15,000 – ₹20,000), utilities (₹5,000 – ₹8,000), transportation (₹5,000 – ₹10,000), and miscellaneous costs (₹10,000 – ₹20,000), totaling around ₹150,000 to ₹200,000.
For higher budgets, areas like South Mumbai (Colaba, Malabar Hill) and Bandra offer premium amenities.
If you are looking for mid-range budgets, consider suburbs like Powai, Andheri, or Malad. And finally, for more budget-friendly options, areas like Navi Mumbai or Thane offer good connectivity and affordable living.
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