Estimated reading time: 3 minutes
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 Type | Rent (₹/Month) | Buying Price (₹/Sq.Ft.) |
---|---|---|
1 BHK Apartment | 8,000–15,000 | 3,500–5,500 |
2 BHK Apartment | 12,000–25,000 | 4,000–6,500 |
3 BHK Apartment | 20,000–45,000 | 5,000–8,000 |
Independent House | 25,000–60,000 | 6,000–10,000 |
Buying is more cost-effective for long-term residents while renting suits short-term stays.
Housing Costs in Noida
Property Type | Location | Rent (per month) | Buy (per sq ft) |
---|---|---|---|
1 Bedroom Apartment | City Centre | ₹8,500 – ₹25,000 | ₹5,999 – ₹24,999 |
1 Bedroom Apartment | Outside Centre | ₹7,000 – ₹20,000 | ₹3,999 – ₹6,499 |
3 Bedroom Apartment | City Centre | ₹35,000 – ₹60,000 | ₹5,999 – ₹24,999 |
3 Bedroom Apartment | Outside 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 Transport | Cost (₹) |
---|---|
Metro Fare | 10–60 per trip |
Auto-rickshaw Fare | ₹10/km |
Petrol | 100–110 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 Type | Monthly Cost (₹) |
---|---|
Electricity (2 BHK) | 1,500–3,000 |
Water Supply | 300–500 |
Internet | 800–1,500 |
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 Category | Cost 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 Category | Cost 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
Activity | Cost Range (₹) |
---|---|
Gym Membership | 1,500–3,500/month |
Movie Tickets | 250–500 per ticket |
Shopping at Malls | 1,000+ 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 Category | Cost Range | Notes |
---|---|---|
Domestic Help | ₹4,000 – ₹8,000 per month | Varies based on hours worked, tasks, and skill level |
Personal Care | ₹1,000 – ₹3,000 per month | Includes haircuts, grooming, skincare, cosmetics |
Clothing & Accessories | ₹2,000 – ₹5,000 per month | Depends 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
Yes, gated societies and metro connectivity make it safe, though certain areas may require caution.
Sectors like 62, 18, and Greater Noida West are popular for their amenities and connectivity.
Noida is more affordable than Gurugram, especially for housing and transportation.
Noida has several international schools like Genesis Global School and Step by Step. Fees can range from ₹5 lakh to ₹15 lakh per annum.