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Home > Home Loan > Lifestyle > Cost of Living in Noida

Cost of Living in Noida

December 17, 2024
3 min read
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Noida, a planned city in Uttar Pradesh, has become a popular destination for professionals and families due to its proximity to Delhi and thriving job market. The city is divided into multiple sectors, each with unique characteristics. Understanding the cost of living in Noida is crucial for anyone considering a move to this bustling city. This blog breaks down the expenses you can expect in Noida., helping you plan your budget effectively.


Cost of Renting vs. Buying a Property in Noida

Property TypeRent (₹/Month)Buying Price (₹/Sq.Ft.)
1 BHK Apartment8,000–15,0003,500–5,500
2 BHK Apartment12,000–25,0004,000–6,500
3 BHK Apartment20,000–45,0005,000–8,000
Independent House25,000–60,0006,000–10,000

Buying is more cost-effective for long-term residents while renting suits short-term stays.

Housing Costs in Noida

Property TypeLocationRent (per month)Buy (per sq ft)
1 Bedroom ApartmentCity Centre₹8,500 – ₹25,000₹5,999 – ₹24,999
1 Bedroom ApartmentOutside Centre₹7,000 – ₹20,000₹3,999 – ₹6,499
3 Bedroom ApartmentCity Centre₹35,000 – ₹60,000₹5,999 – ₹24,999
3 Bedroom ApartmentOutside Centre₹18,000 – ₹50,000₹3,999 – ₹6,499

Note: The average rent for a 1-bedroom apartment in the city centre is ₹16,281, while outside the centre it’s ₹11,656. For 3-bedroom apartments, the average in the city centre is ₹38,466, and outside it’s ₹25,812. The average price per square foot to buy an apartment in the city centre is ₹12,249, while outside the centre it’s ₹5,012.

Transportation Costs

Noida has excellent connectivity through the Delhi Metro and public buses.

Mode of TransportCost (₹)
Metro Fare10–60 per trip
Auto-rickshaw Fare₹10/km
Petrol100–110 per litre
Monthly Fuel Cost (Car)3,000–5,000
Ride-sharing Apps₹200–500 daily

Owning a two-wheeler or relying on public transport is budget-friendly.

Utility and Maintenance Costs

Utility TypeMonthly Cost (₹)
Electricity (2 BHK)1,500–3,000
Water Supply300–500
Internet800–1,500
Gas Cylinder (LPG)1,200–1,500

Utility costs are manageable, averaging ₹5,000–₹10,000 per month for a family.


Food and Grocery Expenses

  • Monthly groceries for a family: ₹10,000 – ₹15,000
  • Meal for two at a mid-range restaurant: ₹800 – ₹1,500
  • Street food meal: ₹100 – ₹200

Education and Healthcare Costs

Education Costs:

Education CategoryCost Range
Private School (Annual)₹50,000 – ₹2,50,000
Coaching/Tuition (Per Subject)₹1,500 – ₹5,000
Preschool/Daycare (Monthly)₹3,000 – ₹8,000

Healthcare Costs:

Healthcare CategoryCost Range
Doctor Consultation₹300 – ₹1,000
Health Insurance (Annual)₹3,000 – ₹10,000
Basic Medical Expenses (Monthly)₹1,000 – ₹3,000

Lifestyle and Entertainment Costs

ActivityCost Range (₹)
Gym Membership1,500–3,500/month
Movie Tickets250–500 per ticket
Shopping at Malls1,000+ per visit

Noida’s malls, like DLF Mall of India, offer high-end shopping and entertainment. Parks and cultural events provide affordable recreation options.


Miscellaneous Expenses

Expense CategoryCost RangeNotes
Domestic Help₹4,000 – ₹8,000 per monthVaries based on hours worked, tasks, and skill level
Personal Care₹1,000 – ₹3,000 per monthIncludes haircuts, grooming, skincare, cosmetics
Clothing & Accessories₹2,000 – ₹5,000 per monthDepends on personal style, brand preferences

Conclusion

To sum it up, Noida offers a balanced living environment with reasonable costs, making it an attractive destination for professionals and families. Whether you prioritise housing, education, or lifestyle, the city offers something for every budget. Strategic budgeting can help residents enjoy a comfortable lifestyle.

For those looking to navigate the complexities of home financing, resources like Credit Dharma offer valuable assistance.


Frequently Asked Questions

Is Noida a safe place to live?

Yes, gated societies and metro connectivity make it safe, though certain areas may require caution.

What are the best areas to live in Noida?

Sectors like 62, 18, and Greater Noida West are popular for their amenities and connectivity.

How does Noida compare with Gurugram in terms of cost of living?

Noida is more affordable than Gurugram, especially for housing and transportation.

What are the options for international schools in Noida?

Noida has several international schools like Genesis Global School and Step by Step. Fees can range from ₹5 lakh to ₹15 lakh per annum.

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