Cost Of Living For a Couple in Ludhiana 2024

Couple cost of living chart - average monthly expenditure in Ludhiana

Average Monthly Expenditure

Currency: INR
23,000 68,000 360,000
MINIMUM AVERAGE MAXIMUM
$270 $820 $4,400

Average monthly spending for couples in Ludhiana

How much money does a couple need in a month to survive in Ludhiana?

Couples in Ludhiana spend around 68,000 INR per month on average. Depending on the lifestyle, a couple can survive with a monthly budget as low as 23,000 INR or as high as 360,000 INR. Location and income are very important factors and have a huge influence on expenditure and budget.


Prices and cost of goods and services in Ludhiana


Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Ludhiana

Dining, food, and beverages costs


Fast food combo meal

64 INR 130 INR 210 INR
MINIMUM AVERAGE MAXIMUM
$0.78 $1.6 $2.6

Restaurant meal for one

200 INR 310 INR 610 INR
MINIMUM AVERAGE MAXIMUM
$2.5 $3.7 $7.4

Fine dining meal for one

410 INR 610 INR 2,500 INR
MINIMUM AVERAGE MAXIMUM
$4.9 $7.4 $30

Cappuccino or latte

54 INR 86 INR 130 INR
MINIMUM AVERAGE MAXIMUM
$0.65 $1 $1.6

Grocery and market costs


Milk large bottle

43 INR 52 INR 64 INR
MINIMUM AVERAGE MAXIMUM
$0.52 $0.62 $0.78

12 eggs

32 INR 43 INR 64 INR
MINIMUM AVERAGE MAXIMUM
$0.39 $0.52 $0.78

Fresh whole chicken

73 INR 95 INR 130 INR
MINIMUM AVERAGE MAXIMUM
$0.88 $1.1 $1.6

Pack of beef

86 INR 130 INR 260 INR
MINIMUM AVERAGE MAXIMUM
$1 $1.6 $3.1

Medium bag of rice

35 INR 47 INR 67 INR
MINIMUM AVERAGE MAXIMUM
$0.42 $0.57 $0.81

Bag of tomatos

13 INR 17 INR 32 INR
MINIMUM AVERAGE MAXIMUM
$0.16 $0.21 $0.39

Bag of apples

23 INR 30 INR 50 INR
MINIMUM AVERAGE MAXIMUM
$0.28 $0.36 $0.60
Chart showing the prices and cost of commute, travel, and transportation in Ludhiana


Commute, travel, and transportation costs


20 minutes taxi ride

51 INR 61 INR 120 INR
MINIMUM AVERAGE MAXIMUM
$0.62 $0.74 $1.5

Average car full tank

320 INR 430 INR 860 INR
MINIMUM AVERAGE MAXIMUM
$3.9 $5.2 $10

Average car 1-day rental

290 INR 390 INR 580 INR
MINIMUM AVERAGE MAXIMUM
$3.5 $4.7 $7

Average car price

160,000 INR 320,000 INR 430,000 INR
MINIMUM AVERAGE MAXIMUM
$1,900 $3,900 $5,200

Bus ticket one way

9.7 INR 15 INR 29 INR
MINIMUM AVERAGE MAXIMUM
$0.12 $0.18 $0.35

Car Service

390 INR 580 INR 1,200 INR
MINIMUM AVERAGE MAXIMUM
$4.7 $7 $14
Chart showing the prices and cost of utility, energy, water, and gas in Ludhiana


Utility cost (monthly)


Utility Bill - Couple

900 INR 3,000 INR 20,000 INR
MINIMUM AVERAGE MAXIMUM
$11 $37 $240

Internet and cable

320 INR 640 INR 860 INR
MINIMUM AVERAGE MAXIMUM
$3.9 $7.8 $10

Mobile phone charges

260 INR 430 INR 1,300 INR
MINIMUM AVERAGE MAXIMUM
$3.1 $5.2 $16

Leisure and activities costs


Movie ticket

160 INR 210 INR 320 INR
MINIMUM AVERAGE MAXIMUM
$1.9 $2.6 $3.9

One month gym membership

470 INR 580 INR 1,200 INR
MINIMUM AVERAGE MAXIMUM
$5.6 $7 $14
Chart showing the prices and cost of clothing and accessories in Ludhiana


Cloths and accessories costs


Pair of jeans or pants

340 INR 490 INR 730 INR
MINIMUM AVERAGE MAXIMUM
$4.1 $5.9 $8.8

Woman dress

320 INR 450 INR 1,500 INR
MINIMUM AVERAGE MAXIMUM
$3.9 $5.4 $18

Woman shoes

310 INR 420 INR 970 INR
MINIMUM AVERAGE MAXIMUM
$3.7 $5 $12

Men's shoes

270 INR 320 INR 650 INR
MINIMUM AVERAGE MAXIMUM
$3.2 $3.9 $7.8

Men suit

290 INR 360 INR 1,900 INR
MINIMUM AVERAGE MAXIMUM
$3.5 $4.4 $23

Regular t-shirt

150 INR 190 INR 580 INR
MINIMUM AVERAGE MAXIMUM
$1.8 $2.3 $7
Chart showing the prices and cost of housing, accommodation, and rent in Ludhiana


Housing costs / monthly rent


Studio apartment

4,900 INR 7,300 INR 19,000 INR
MINIMUM AVERAGE MAXIMUM
$59 $88 $230

1-bedroom apartment

7,300 INR 12,000 INR 29,000 INR
MINIMUM AVERAGE MAXIMUM
$88 $140 $350

2-bedroom apartment

9,700 INR 15,000 INR 39,000 INR
MINIMUM AVERAGE MAXIMUM
$120 $180 $470

Housing costs / Buying


Studio apartment

970,000 INR 1.5M INR 2.9M INR
MINIMUM AVERAGE MAXIMUM
$12,000 $18,000 $35,000

1-bedroom apartment

1.2M INR 1.9M INR 7.3M INR
MINIMUM AVERAGE MAXIMUM
$14,000 $23,000 $88,000

2-bedroom apartment

1.9M INR 5.8M INR 12M INR
MINIMUM AVERAGE MAXIMUM
$23,000 $70,000 $140,000
Chart showing the prices and cost of furniture in Ludhiana


Furniture Costs


King Size Bed

6,400 INR 8,100 INR 11,000 INR
MINIMUM AVERAGE MAXIMUM
$78 $97 $130

Double Bed

4,300 INR 6,400 INR 8,100 INR
MINIMUM AVERAGE MAXIMUM
$52 $78 $97

Single Bed

3,800 INR 5,000 INR 6,400 INR
MINIMUM AVERAGE MAXIMUM
$46 $60 $78

Living Room

7,200 INR 9,200 INR 32,000 INR
MINIMUM AVERAGE MAXIMUM
$86 $110 $390

Dining Table

3,200 INR 4,300 INR 8,100 INR
MINIMUM AVERAGE MAXIMUM
$39 $52 $97

Sofa or Couch

4,300 INR 5,900 INR 13,000 INR
MINIMUM AVERAGE MAXIMUM
$52 $71 $160
Chart showing the prices and cost of electronic devices and appliances in Ludhiana


Electronics and House Appliance Costs


TV Set

4,300 INR 6,400 INR 13,000 INR
MINIMUM AVERAGE MAXIMUM
$52 $78 $160

Fridge or Freezer

3,800 INR 5,900 INR 8,100 INR
MINIMUM AVERAGE MAXIMUM
$46 $71 $97

Washing Machine

5,000 INR 7,200 INR 13,000 INR
MINIMUM AVERAGE MAXIMUM
$60 $86 $160

Stove or Cooker

4,600 INR 5,900 INR 8,100 INR
MINIMUM AVERAGE MAXIMUM
$56 $71 $97

Mobile Phone

5,400 INR 6,400 INR 9,200 INR
MINIMUM AVERAGE MAXIMUM
$65 $78 $110

Laptop or Computer

5,900 INR 7,200 INR 13,000 INR
MINIMUM AVERAGE MAXIMUM
$71 $86 $160
Couple cost of living and expenditure to income ratio in Ludhiana

Couple expenditure to income ratio in Ludhiana

Analysing the how affordable it is for couples to live in Ludhiana

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in. Couples usually spend a larger chunk of their income than other population groups. A typical and healthy expenditure percentage for a couple of four ranges between 70% to 80%.


Spending to Income Ratio

71%

65% to 78%

( expenditure / income ) x 100


Couples in Ludhiana spend around 71% of their monthly income. Some couples spend as low as 65% of their income while some as high as 78%.

Distribution of monthly cost of living expenses of a couple in Ludhiana

How do couples spend their money in Ludhiana?

We asked thousands of couples about their spending habits and expenditure break down.


The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.

Housing and accomodation expenditure for couples

Accomodation Cost24%

24% of total expenses on average (17% to 34%)

LOW$92   7,700 INR
AVERAGE$280   23,000 INR
HIGH$1,500   120,000 INR
Per Month

Couples in Ludhiana typically spend from 17% to 34% of their total monthly expenditure on housing with 24% being the average. The average monthly spend on housing is 23,000 INR with expenditure ranging from 7,700 INR to 120,000 INR. This cost mainly goes for rent but it also includes other accommodation-related expenses.

Electricity, utilities, energy, water, internet, and mobile expenditure for couples

Cost of utilities8%

8% of total expenses on average (6% to 12%)

LOW$11   900 INR
AVERAGE$37   3,000 INR
HIGH$240   20,000 INR
Per Month

Utility expenditure like electricity, water, and gas in Ludhiana ranges from 6% to 12% of total expenses with 8% being the average for most couples. The average monthly cost of utilities is 3,000 INR with 900 INR and 20,000 INR being the upper and lower limits for a couple of four.

Transport, fuel, and commute expenditure for couples

Cost of transport and fuel8%

8% of total expenses on average (2% to 13%)

LOW$33   2,700 INR
AVERAGE$98   8,100 INR
HIGH$520   43,000 INR
Per Month

Fuel consumption and cost of transport depend heavily on whether a couple resides near school and work, but roughly speaking a couple would expect to spend from 2,700 INR to 43,000 INR in a month on commuting with 8,100 INR being the norm for most couples. This means that money spent on transport constitutes about 8% of total spending on average but can go as low as 2% or as high as 13%.

Food, groceries, and basic shopping expenditure for couples

Food and Groceries Cost18%

18% of total expenses on average (13% to 23%)

LOW$38   3,200 INR
AVERAGE$110   9,500 INR
HIGH$610   51,000 INR
Per Month

The average outlay on groceries and basic houshold items for a typical couple in a month in Ludhiana is 9,500 INR. The cost of groceries can range between 3,200 INR to 51,000 INR. Couples spend on average about 18% on food and groceries with upper and lower bounds of 13% and 23% respectively.

Healthcare and medical services expenditure for couples

Cost of healthcare15%

15% of total expenses on average (9% to 19%)

LOW$30   2,500 INR
AVERAGE$90   7,400 INR
HIGH$480   40,000 INR
Per Month

Couples in Ludhiana allocate 9% to 19% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 15%. The range of medical expenses range from 2,500 INR to 40,000 INR with 7,400 INR being the norm for most couples.

Leisure and shopping expenditure for couples

Cost of leisure and shopping3%

3% of total expenses on average (0.00% to 6%)

LOW$16   1,400 INR
AVERAGE$49   4,100 INR
HIGH$260   22,000 INR
Per Month

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 1,400 INR to 22,000 INR with 4,100 INR being the average. Speaking of percentages, that equates to 0.00% to 6% of total expenses with an average of 3% for most couples.

Education and schooling expenditure for couples

Cost of education and schooling1%

1% of total expenses on average (0.00% to 3%)

LOW$5.4   450 INR
AVERAGE$16   1,400 INR
HIGH$87   7,200 INR
Per Month

Spending on education can vary drastically between different couples. On average, education constitutes 1% of the monthly expenditure of couples with 0.00% and 3% being the lower and upper bounds respectively. The average reported education cost is 1,400 INR per month with 450 INR being the minimum spent amount and 7,200 INR being the maximum.

Other Expenses22%

22% of total expenses on average (16% to 28%)

LOW$46   3,800 INR
AVERAGE$140   12,000 INR
HIGH$740   61,000 INR
Per Month
Percentage of couples who manage to save money from their income every month in Ludhiana

What percentage of couples in Ludhiana are able to save money and how much can they save?


Percentage of couples that reported their ability to save money


Saving Money
45%
Not Saving
55%

Almost 45% of surveyed couples in Ludhiana said that they can save some money at the end of each month while 55% reported that they have to utilize their whole income to survive.


Couple savings to income ratio in Ludhiana

Savings-to-Income Ratio

The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.


How much money do couples manage to add to their savings?

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.

Saving to Income Ratio

9.5% 17% of income 27%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

6,600 INR
$80
20,000 INR
$240
110,000 INR
$1,300
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio% Couples
0% - 10%38%
10% - 20%29%
20% - 30%20%
30% - 40%6%
40% - 50%5%
> 50%2%

Interpretation and Analysis

Couples that are able to save money can put anywhere from 9.5% to 27% of their monthly income to their savings, with 17% being the average for most couples. The average monthly amount of money that couples can put aside is 20,000 INR with 6,600 INR and 110,000 INR being the minimum and maximum respectively.

Reasons that make it difficult for couples to save money in Ludhiana

Saving Challenges in Ludhiana

Reasons that make it difficult for couples to save money

We wanted to understand what is stopping couples from maximizing their savings in Ludhiana. Listed below are the answers given by the survey participants.


Reason% People
Low Income4%
High Expenses7%
Debt and Loans10%
Lack of Budgeting Skills12%
Impulsive Spending13%
Financial Emergencies8%
Living the moment5%
Will do it later23%
Inflation15%
Social Pressure2%
Market Instability1%

Around 4% of the couples said that their salary is too low to accommodate a portion for savings while 7% said that the high cost of living leaves little room for savings. 10% of the residents said that they are burdened with debt and find it challenging to save money. 12% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 13% of couples blamed impulsive spending as the reason for saving inability. Around 8% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 5% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 23% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 15% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 2% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 1% blamed market instability and price fluctuations.

Where do couples choose to put their savings in Ludhiana

Typical saving choices for couples in Ludhiana

Where do people choose to put their savings?


Saving Type% People
Emergency Funds13%
Gold15%
Savings Accounts16%
Retirement Accounts9%
Cash Savings24%
Real Estate8%
Investment4%
Stocks3%
Bonds4%
Mutual Funds1%
Certificates of Deposit2%
A typical and healthy budgeting structure. The 50-30-20 rule

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

  • 50% for needs and financial obligations

    This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

  • 30% for wants and discretionary spending

    This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

  • 20% for savings and emergency fund

    This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

Income and cost of living compatibility. Is it affordable or economical for couples to live in Ludhiana

Affordable living in Ludhiana

Income and cost of living compatibility

We asked couples one simple question and recorded their answers.

Is it affordable or economical to live in Ludhiana?


Yes
42%
No
58%

Around 42% of surveyed couples think that living in Ludhiana is affordable with proper budgeting while 58% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting for couples. Are there plenty of low-cost options in Ludhiana

Low-cost alternatives in Ludhiana

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked couples how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options48%

Few low-cost options52%


Based on the survey, 48% of the couples living in Ludhiana have no problem finding low-cost alternatives to support a frugal lifestyle while 52% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds For Couples

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked couples of Ludhiana whether they have an emergency fund and the answers were as follows.

Yes42%

No58%


Based on the survey, 58% of the couples living in Ludhiana said that they don't have an emergency fund while 42% said that they do.

Financial literacy and difficulty in budgeting and financial planning for couples in Ludhiana

Financial Literacy in India

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy44%


We asked couple guardians and parents in Ludhiana whether they acquired any adequate personal financial training in their lives. Approximately 56% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 44% said that they know about the general principles of personal finance from sources other than their own experience.


Difficulty in Budgeting and Financial Planning

We wanted to understand whether couples of India have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 46% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 54% said that they have everything under control.

Struggles with finance46%

Easily manages finances54%

Financial goals and targets of couples living in Ludhiana

Financial goals of couples in Ludhiana

In an attempt to understand the economic situation in Ludhiana, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.


Financial Goal% People
Emergency Fund9%
Debt Reduction49%
Retirement Savings12%
Education Funding6%
Homeownership19%
Investing5%
Travel or Lifestyle4%
Healthcare Expenses17%
Financial Independence3%

Around 9% of couples said that their main goal is to establish an emergency fund to cover unexpected expenses while 49% said their number one priority is to pay off high-interest debt or loans and improve credit. 12% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 6% reported that their priority is saving for the tuition fees and education costs of their children while 19% choose to buy a home or pay off existing mortgage before other things. 5% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 4% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 17% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Chart showing the percentage of couples who are in debt in Ludhiana

Debt, loans, and mortgages in Ludhiana


Percentage of couples who are in debt


In Debt
23%
Debt Free
77%

According to the survey, 23% of the couples in Ludhiana have some kind of debt, loan, mortgage, or credit card payments while 77% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Ludhiana

Debt-to-income ratio in Ludhiana

Debt to income ratio

27%

20% to 35%

( monthly debt payment / monthly income ) x 100

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 27% of a couple's monthly income in Ludhiana goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%4%
50% - 60%22%
40% - 50%17%
30% - 40%19%
20% - 30%7%
10% - 20%8%
0% - 10%24%

According to our data, 4% of the debtors in Ludhiana pay 60%+ of their income as debt settlement while 22% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 17% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 19% dedicated 30% to 40% of income for same. Things are looking brighter for 7% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Ludhiana

Debt% People
Real Estate Mortgage5%
Auto Loan10%
Student Loan5%
Credit Card33%
Personal Loan47%

5% of debtors in Ludhiana confirm that real estate mortgages constitutes the main part of their outstanding debt while 33% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 10% of people and personal loans rose at 47%. Lastly, student loans are the main source of debt for 5% of debtors in Ludhiana.


About credit score and debt management

Managing debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.


Loan Affordability Index in Ludhiana

Besides measuring the loan-to-income ratio, we asked couples of Ludhiana how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Frequency% People
Never47%
Once a year25%
Twice a year13%
Three times a year10%
Four times a year5%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Ludhiana

Housing costs, accommodation, and housing affordability in Ludhiana

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Ludhiana

Monthly Rent Prices

Studio apartment monthly rent cost

4,900 INR 7,300 INR 19,000 INR
MINIMUM AVERAGE MAXIMUM
$59 $88 $230

1-bedroom apartment monthly rent cost

7,300 INR 12,000 INR 29,000 INR
MINIMUM AVERAGE MAXIMUM
$88 $140 $350

2-bedroom apartment monthly rent cost

9,700 INR 15,000 INR 39,000 INR
MINIMUM AVERAGE MAXIMUM
$120 $180 $470

3-bedroom apartment monthly rent cost

12,000 INR 19,000 INR 53,000 INR
MINIMUM AVERAGE MAXIMUM
$140 $230 $640

Furnished apartment monthly rent cost

23,000 INR 58,000 INR 120,000 INR
MINIMUM AVERAGE MAXIMUM
$280 $700 $1,400

Townhouse monthly rent cost

19,000 INR 29,000 INR 83,000 INR
MINIMUM AVERAGE MAXIMUM
$230 $350 $1,000

House monthly rent cost

23,000 INR 58,000 INR 120,000 INR
MINIMUM AVERAGE MAXIMUM
$280 $700 $1,400

Villa monthly rent cost

29,000 INR 73,000 INR 120,000 INR
MINIMUM AVERAGE MAXIMUM
$350 $880 $1,400

The monthly rental cost of a studio apartment in Ludhiana ranges between 4,900 INR and 19,000 INR, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 7,300 INR to 29,000 INR. Two-bedroom rentals rate ranges between 9,700 INR and 39,000 INR per month. The monthly rental for a three-bedroom apartment ranges from 12,000 INR to 53,000 INR. The average rent of a townhouse in Ludhiana is around 29,000 INR while house rental costs can be as high as 58,000 INR per month. Finally, if you want to rent a villa, expect to pay anywhere from 29,000 INR to 120,000 INR per month.



Apartment and house prices in Ludhiana

Cost of buying a property

Studio apartment price

970,000 INR 1.5M INR 2.9M INR
MINIMUM AVERAGE MAXIMUM
$12,000 $18,000 $35,000

1-bedroom apartment price

1.2M INR 1.9M INR 7.3M INR
MINIMUM AVERAGE MAXIMUM
$14,000 $23,000 $88,000

2-bedroom apartment price

1.9M INR 5.8M INR 12M INR
MINIMUM AVERAGE MAXIMUM
$23,000 $70,000 $140,000

3-bedroom apartment price

6.5M INR 9.7M INR 29M INR
MINIMUM AVERAGE MAXIMUM
$78,000 $120,000 $350,000

Townhouse price

8.3M INR 19M INR 73M INR
MINIMUM AVERAGE MAXIMUM
$100,000 $230,000 $880,000

House price

9.7M INR 58M INR 83M INR
MINIMUM AVERAGE MAXIMUM
$120,000 $700,000 $1M

Villa price

12M INR 65M INR 97M INR
MINIMUM AVERAGE MAXIMUM
$140,000 $780,000 $1.2M

The average price of a studio apartment in Ludhiana can range from 970,000 INR to 2.9M INR depending on location. One bedroom cost can be anywhere from 1.2M INR to 7.3M INR. A villa can cost you 65M INR on average with prices ranging from 12M INR to 97M INR.


If you're leasing or purchasing, housing costs in Ludhiana will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.

House / apartment prices to income ratio


Property price to income ratio

( average property price / average monthly income ) x 100


29 x81 monthly income 170
MINIMUM AVERAGE MAXIMUM

Property prices in Ludhiana can be x81 to x170 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x81 multiples of the average monthly salary in Ludhiana.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


16% 25% of income 34%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Ludhiana is around 25%. This means that people pay 25% of their income for rent. Those figures can range from 16% to 34% depending on the salary, location, and type of property.


The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Housing Affordability Index
23%

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.


FROM
1.8%
AVERAGE
2.8%
TO
3.7%

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.


90 INR 1,200 INR 12,000 INR
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

Monthly costs and expenses of energy and basic utilities in Ludhiana

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in Ludhiana

Utility Bill Cost / Electricity + Water + Gas / Couple

900 INR 3,000 INR 20,000 INR
MINIMUM AVERAGE MAXIMUM
$11 $37 $240

Internet and cable cost

320 INR 640 INR 860 INR
MINIMUM AVERAGE MAXIMUM
$3.9 $7.8 $10

Mobile phone bill and charges

260 INR 430 INR 1,300 INR
MINIMUM AVERAGE MAXIMUM
$3.1 $5.2 $16

Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.


The average monthly energy and water consumption of couples is around 3,000 INR. The cost of internet and WiFi ranges from 320 INR to 860 INR with 640 INR being the average internet bill. Finally, the average monthly mobile charges is around 430 INR but can range between 260 INR and 1,300 INR depending on consumption. Mobile charges include both calling minutes as well as data packages.


Energy / Utility expense to income ratio


( monthly utility expenses / monthly income ) x 100


2.6% 5.2% of income 8.7%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Ludhiana is around 5.2%. This means that people pay 5.2% of their income for energy, water, internet, and mobile charges. Those figures can range from 2.6% to 8.7% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Ludhiana

Grocery / Food expenditure and prices can vary drastically between different areas and locations.


Prices and cost of goods and services in Ludhiana

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

64 INR 130 INR 210 INR
MINIMUM AVERAGE MAXIMUM
$0.78 $1.6 $2.6

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Ludhiana is approximatly 130 INR with meal cost ranging from 64 INR to 210 INR. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

200 INR 310 INR 610 INR
MINIMUM AVERAGE MAXIMUM
$2.5 $3.7 $7.4

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 200 INR and 610 INR with 310 INR being the average price of a plate for one person at a regular restaurant in Ludhiana.

Fine dining meal for one price

410 INR 610 INR 2,500 INR
MINIMUM AVERAGE MAXIMUM
$4.9 $7.4 $30

The price range of a meal at fine-dining restaurant is 410 INR to 2,500 INR with the average cost being 610 INR for one person. This is what you would expect to pay a top-tier diner in Ludhiana.

Beverage prices, cappuccino, latte etc..

54 INR 86 INR 130 INR
MINIMUM AVERAGE MAXIMUM
$0.65 $1 $1.6

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Ludhiana is around 86 INR. Price ranges between 54 INR and 130 INR depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

43 INR 52 INR 64 INR
MINIMUM AVERAGE MAXIMUM
$0.52 $0.62 $0.78

The average price of a large bottle of milk in Ludhiana is 52 INR. The maximum what you would pay for milk is 64 INR and the minimum being 43 INR depending on the brand of milk and other properties.

12 eggs price

32 INR 43 INR 64 INR
MINIMUM AVERAGE MAXIMUM
$0.39 $0.52 $0.78

A dozen eggs costs around 43 INR on average with 32 INR and 64 INR being the lower and upper limits respectively.

Fresh whole chicken price

73 INR 95 INR 130 INR
MINIMUM AVERAGE MAXIMUM
$0.88 $1.1 $1.6

The price range of a fresh whole chicken in Ludhiana is between 73 INR and 130 INR depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 95 INR.

Pack of beef price

86 INR 130 INR 260 INR
MINIMUM AVERAGE MAXIMUM
$1 $1.6 $3.1

The price of a regular pack of beef or meat is around 130 INR. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

35 INR 47 INR 67 INR
MINIMUM AVERAGE MAXIMUM
$0.42 $0.57 $0.81

A bag of rice in Ludhiana costs around 47 INR on average with prices rangeing between 35 INR and 67 INR depending on the brand and quality.

Bag of tomatos price

13 INR 17 INR 32 INR
MINIMUM AVERAGE MAXIMUM
$0.16 $0.21 $0.39

A bag of tomatoes costs anywhere from 13 INR to 32 INR. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

23 INR 30 INR 50 INR
MINIMUM AVERAGE MAXIMUM
$0.28 $0.36 $0.60

A bag of apples costs 30 INR on average. A bag of apples denotes 1Kg or 1lb depending on location.


Grocery and food expenditure to income ratio


( monthly grocery expenses / monthly income ) x 100


16% 23% of income 29%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Ludhiana is around 23%. This means that couples spend 23% of their income on grocery and basic household items. The expenditure can range from 16% to 29% depending on salary and location.


Expenditure on food and grocery for couples

Couples' spending on grocery ranges from 3,200 INR to 51,000 INR with the location, income, and size of the couple being the most determinite factors.

evoeicarsraw©copound