Cost Of Living in Manipur 2024

Average monthly spending for singles, couples, students, and families in Manipur

Whether you're living in Manipur or planning to move there, it is very important to know the cost of living and the prices of things. Here we list the average spending for the four main population groups.

Average Monthly Expenditure

60,000 INR

per month
$720

4,600 INR   $56
$7,200   600,000 INR

Single

42,000 INR

per month
$500

14,000 INR   $170
$3,300   280,000 INR

Couple

69,000 INR

per month
$830

23,000 INR   $280
$4,500   370,000 INR

Family

92,000 INR

per month
$1,100

32,000 INR   $390
$6,100   510,000 INR

Student

27,000 INR

per month
$320

11,000 INR   $130
$580   48,000 INR
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Manipur is 42,000 INR. Expenses can range from 14,000 INR at the minimum level to 280,000 INR at the highest end.


Couples

The average monthly spending of couples in Manipur is 69,000 INR. Expenditure can range from 23,000 INR to 370,000 INR per month.


Families

The average cost of living for families in Manipur is 92,000 INR per month. Families spend anywhere from 32,000 INR to 510,000 INR.


Students

The average monthly expenditure for students in Manipur is 27,000 INR. Students spend from 11,000 INR to 48,000 INR per month.


Spending behavior can change drastically from one person to another. It is best to consider the minimum, average, and maximum spending together.

Prices and cost of goods and services in Manipur


Dining, food, and beverages costs


Large bottle of water
7.6 INR 8.6 INR 9.9 INR
MINIMUM AVERAGE MAXIMUM
$0.09 $0.10 $0.12
Fast food combo meal
64 INR 130 INR 210 INR
MINIMUM AVERAGE MAXIMUM
$0.78 $1.6 $2.6
Restaurant meal for one
210 INR 310 INR 620 INR
MINIMUM AVERAGE MAXIMUM
$2.5 $3.7 $7.5
Fine dining meal for one
410 INR 620 INR 2,500 INR
MINIMUM AVERAGE MAXIMUM
$5 $7.5 $30
Soda or Soft Drink
9.2 INR 11 INR 13 INR
MINIMUM AVERAGE MAXIMUM
$0.11 $0.13 $0.16
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
Loaf of bread
7.8 INR 8.8 INR 10 INR
MINIMUM AVERAGE MAXIMUM
$0.09 $0.11 $0.12
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
Beef 1 kg or 1 lb
86 INR 130 INR 260 INR
MINIMUM AVERAGE MAXIMUM
$1 $1.6 $3.1
Rice 1 kg or 1 lb
35 INR 47 INR 67 INR
MINIMUM AVERAGE MAXIMUM
$0.42 $0.57 $0.81
Tomato 1 kg or 1 lb
13 INR 17 INR 32 INR
MINIMUM AVERAGE MAXIMUM
$0.16 $0.21 $0.39
Apples 1 kg or 1 lb
23 INR 30 INR 50 INR
MINIMUM AVERAGE MAXIMUM
$0.28 $0.36 $0.60

Commute, travel, and transportation costs


20 minutes taxi ride
52 INR 62 INR 120 INR
MINIMUM AVERAGE MAXIMUM
$0.62 $0.75 $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
300 INR 400 INR 600 INR
MINIMUM AVERAGE MAXIMUM
$3.6 $4.8 $7.2
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
10 INR 15 INR 30 INR
MINIMUM AVERAGE MAXIMUM
$0.12 $0.18 $0.36
Car Service
400 INR 600 INR 1,200 INR
MINIMUM AVERAGE MAXIMUM
$4.8 $7.2 $14

Utility cost (monthly)


Utility Bill - Individual
830 INR 2,500 INR 17,000 INR
MINIMUM AVERAGE MAXIMUM
$10 $30 $200
Utility Bill - Couple
1,200 INR 3,500 INR 18,000 INR
MINIMUM AVERAGE MAXIMUM
$14 $42 $220
Utility Bill - Family
970 INR 2,800 INR 15,000 INR
MINIMUM AVERAGE MAXIMUM
$12 $33 $180
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
480 INR 600 INR 1,200 INR
MINIMUM AVERAGE MAXIMUM
$5.8 $7.2 $14

Cloths and accessories costs


Pair of jeans or pants
350 INR 500 INR 750 INR
MINIMUM AVERAGE MAXIMUM
$4.2 $6 $9
Woman dress
330 INR 460 INR 1,500 INR
MINIMUM AVERAGE MAXIMUM
$4 $5.5 $18
Woman shoes
310 INR 430 INR 1,000 INR
MINIMUM AVERAGE MAXIMUM
$3.8 $5.1 $12
Men's shoes
270 INR 330 INR 660 INR
MINIMUM AVERAGE MAXIMUM
$3.3 $4 $8
Men suit
300 INR 370 INR 2,000 INR
MINIMUM AVERAGE MAXIMUM
$3.6 $4.5 $24
Regular t-shirt
150 INR 200 INR 600 INR
MINIMUM AVERAGE MAXIMUM
$1.8 $2.4 $7.2

Housing costs / monthly rent


Studio apartment
5,000 INR 7,500 INR 20,000 INR
MINIMUM AVERAGE MAXIMUM
$60 $90 $240
1-bedroom apartment
7,500 INR 12,000 INR 30,000 INR
MINIMUM AVERAGE MAXIMUM
$90 $140 $360
2-bedroom apartment
10,000 INR 15,000 INR 40,000 INR
MINIMUM AVERAGE MAXIMUM
$120 $180 $480

Housing costs / Buying


Studio apartment
1,000,000 INR 1.5M INR 3M INR
MINIMUM AVERAGE MAXIMUM
$12,000 $18,000 $36,000
1-bedroom apartment
1.2M INR 2M INR 7.5M INR
MINIMUM AVERAGE MAXIMUM
$14,000 $24,000 $90,000
2-bedroom apartment
2M INR 6M INR 12M INR
MINIMUM AVERAGE MAXIMUM
$24,000 $72,000 $140,000

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

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

Expenditure to Income Ratio in Manipur

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.


Spending to Income Ratio

76%

70% to 84%

( expenditure / income ) x 100


Expense to income distribution levels

Spending To Income Ratio% People
< 50%3%
50% - 60%7%
60% - 70%13%
70% - 80%24%
80% - 90%23%
90% - 100%12%
100% - 110%7%
110% - 120%4%
120% - 130%3%
130% - 140%3%
> 140%2%

Interpretation and Analysis

The average spending-to-salary ratio in Manipur is 76% This means that on average, people spend around 76% of their income for living. According to the distribution table, 13% of the population spend approximately 60% to 70% of their income every month.


How can spending be more than income?

A value higher than 100% means that the expenditure of those people is higher than their income. They are spending more than what they earn. This is possible in two scenarios. They are either borrowing from their savings to survive or they are borrowing from other sources (relatives, friends, banks, etc.). More about this in the debt section.



Individual
69%
Spending-Income-Ratio
63%
76%

Couple
72%
Spending-Income-Ratio
67%
80%

Family
80%
Spending-Income-Ratio
74%
88%

How do people spend their money in Manipur?

We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.

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 Expenditure22%

22% of total expenses on average (11% to 30%)

LOW$17   1,400 INR
AVERAGE$220   18,000 INR
HIGH$2,200   180,000 INR
Per Month

People living in Manipur typically spend from 11% to 30% of their total monthly expenditure on housing with 22% being the average. The average spend on housing is 18,000 INR with expenditure ranging from 1,400 INR to 180,000 INR. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.

Utilities, Electricity, Water8%

8% of total expenses on average (5% to 12%)

LOW$2.8   230 INR
AVERAGE$36   3,000 INR
HIGH$360   30,000 INR
Per Month

Utility expenditure like electricity, water, and gas in Manipur ranges from 5% to 12% of total expenses with 8% being the average. The average monthly cost of utilities is 3,000 INR with 230 INR and 30,000 INR being the upper and lower limits.

Transport, Fuel, Commute6%

6% of total expenses on average (2% to 10%)

LOW$5.6   460 INR
AVERAGE$72   6,000 INR
HIGH$720   60,000 INR
Per Month

Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 460 INR to 60,000 INR on commuting with 6,000 INR being the norm for most people in one month. This means that money spent on transport constitutes about 6% of total spending on average but can go as low as 2% or as high as 10%.

Food and Groceries Cost29%

29% of total expenses on average (21% to 35%)

LOW$14   1,200 INR
AVERAGE$180   15,000 INR
HIGH$1,800   150,000 INR
Per Month

The average outlay on groceries in a month in Manipur is 15,000 INR. The cost of groceries can range between 1,200 INR to 150,000 INR. People spend on average about 29% on food and groceries with upper and lower bounds of 21% and 35% respectively.

Healthcare and Medical Services11%

11% of total expenses on average (6% to 14%)

LOW$3.9   320 INR
AVERAGE$51   4,200 INR
HIGH$510   42,000 INR
Per Month

People in Manipur allocate 6% to 14% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 11%. The range of medical expenses range from 320 INR to 42,000 INR with 4,200 INR being the norm.

Leisure and Shopping4%

4% of total expenses on average (2% to 8%)

LOW$2.2   180 INR
AVERAGE$29   2,400 INR
HIGH$290   24,000 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 180 INR to 24,000 INR with 2,400 INR being the average. Speaking of percentages, that equates to 2% to 8% of total expenses with an average of 4% for most residents.

Education and Schooling5%

5% of total expenses on average (3% to 11%)

LOW$3.3   280 INR
AVERAGE$43   3,600 INR
HIGH$430   36,000 INR
Per Month

Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 5% of the monthly expenditure with 3% and 11% being the lower and upper bounds respectively. The average reported education cost is 3,600 INR per month with 280 INR being the minimum spent amount and 36,000 INR being the maximum.

Other Expenses15%

15% of total expenses on average (10% to 22%)

LOW$7.2   600 INR
AVERAGE$94   7,800 INR
HIGH$940   78,000 INR
Per Month

How much money can you save in Manipur every month?

We asked thousands of people what percentage of their income can they save in a month. Below are the answers.


What percentage of people in Manipur manage to save money from their income every month?


Saving Money
50%
Not Saving
50%

Almost 50% of the surveyed people in Manipur said that they can save some money at the end of each month while 50% said that aren't saving anything.


Percentage of people saving money by population group in Manipur

GroupSaversNon Savers
Singles50%50%
Couples46%54%
Families42%58%

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.


Saving to Income Ratio

8.9% 16% of income 27%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

1,400 INR
$16
18,000 INR
$210
180,000 INR
$2,100
MINIMUM AVERAGE MAXIMUM

For most people, 8.9% to 27% of their monthly income is what they can allocate to their savings, with 16% being the average. The amount of money that people can save is approximately 18,000 INR on average with savings ranging from 1,400 INR to 180,000 INR.

50% of surveyed singles reported some of their income going to savings while 46% of couples said the same. 42% of families confirmed their ability to save money.


How much money do people actually save in Manipur?

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.


Singles

Saving to Income Ratio

12% 20% of income 28%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

4,100 INR
$49
12,000 INR
$150
82,000 INR
$980
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for singles

Saving To Income Ratio% Singles
0% - 10%34%
10% - 20%27%
20% - 30%17%
30% - 40%11%
40% - 50%8%
> 50%3%

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 12% to 28% of their monthly income to savings, with 20% being the average for most singles. The average amount of money that singles are able to save is 12,000 INR with 4,100 INR and 82,000 INR being the minimum and maximum respectively.


Couples

Saving to Income Ratio

9.7% 18% of income 27%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

6,800 INR
$82
20,000 INR
$250
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 who confirmed their ability to save reported saving equivalent to 9.7% to 27% of their monthly income, with 18% being the average for most couples. The average amount of money that couples can save is 20,000 INR with 6,800 INR and 110,000 INR being the minimum and maximum respectively.


Families

Saving to Income Ratio

8.9% 15% of income 25%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

9,500 INR
$110
27,000 INR
$330
150,000 INR
$1,800
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio% Families
0% - 10%41%
10% - 20%32%
20% - 30%21%
30% - 40%3%
40% - 50%2%
> 50%1%

Interpretation and Analysis

Families in Manipur can save anywhere between 8.9% to 25% of their monthly income, with 15% being the average for most families. The average amount of money that families can put aside is 27,000 INR with 9,500 INR and 150,000 INR being the minimum and maximum respectively.

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.

Affordable living in Manipur

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Manipur?


Yes
43%
No
57%

Around 43% of surveyed residents think that living in Manipur is affordable with proper budgeting while 57% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Manipur

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 residents how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options50%

Few low-cost options50%


Based on the survey, 50% of the people living in Manipur have no problem finding low-cost alternatives to support a frugal lifestyle while 50% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds

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 residents of Manipur whether they have an emergency fund and the answers were as follows.

Yes43%

No57%


Based on the survey, 57% of the people living in Manipur said that they don't have an emergency fund while 43% said that they do.

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 residents of India 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 residents of India have problems or difficulties in managing their expenditures and savings so asked the 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 of people in Manipur

In an attempt to understand the economic situation in Manipur, 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 Reduction48%
Retirement Savings12%
Education Funding6%
Homeownership19%
Investing5%
Travel or Lifestyle4%
Healthcare Expenses17%
Financial Independence3%

Around 9% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 48% 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.

Saving Challenges in Manipur

Reasons that make it difficult for people to save money

We wanted to understand what is stopping people from maximizing their savings in Manipur. 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 people 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% 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 societal expectations makes them overspend. Lastly, 1% blamed market instability and price fluctuations.

Typical saving choices for people in Manipur

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%

Retirement, pension plans, and life after work in Manipur

What does the retirement lifestyle look like in Manipur and how much retirement savings are required?

Retirement age

The retirement age for most employees in India is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.

Retirement planning and savings

There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.


The typical saved amount of money you should have at every age as multiples of monthly salary:
AgeAmount
255x monthly salary at age 25
3010x monthly salary at age 30
3515x monthly salary at age 35
4025x monthly salary at age 40
4532x monthly salary at age 45
5048x monthly salary at age 50
5556x monthly salary at age 55
6064x monthly salary at age 60
6578x monthly salary at age 65

The typical average saved amount of money you should have at every age in Manipur:
AgeAmount
25160,000 INR
30310,000 INR
35540,000 INR
40780,000 INR
451.2M INR
501.6M INR
551.9M INR
602.4M INR
652.9M INR

Retirement Income Distribution

We asked residents of Manipur about their retirement income sources and below are the results.

Source% People
Pensions11%
Savings24%
Investments11%
Social Security6%
Annuities6%
Part-time Job18%
Real Estate19%
Dividends and Interest6%

Retirement Monthly Expenses in Manipur

10,000 INR
$120
31,000 INR
$370
210,000 INR
$2,500
MINIMUM AVERAGE MAXIMUM

Debt, loans, and mortgages in Manipur


Percentage of people who are in debt


In Debt
24%
Debt Free
76%

According to the survey, 24% of the people in Manipur have some kind of debt, loan, mortgage, or credit card payments while 76% reported that they don't have financial obligations to banks.


Debt-to-income ratio in Manipur

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 the people's monthly income in Manipur 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%16%
30% - 40%18%
20% - 30%7%
10% - 20%8%
0% - 10%24%

According to our data, 4% of the debtors in Manipur 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. 16% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 18% 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 Manipur

Debt% People
Real Estate Mortgage5%
Auto Loan11%
Student Loan5%
Credit Card33%
Personal Loan47%

5% of debtors in Manipur 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 11% of people and personal loans rose at 47%. Lastly, student loans are the main source of debt for 5% of debtors in Manipur.


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 Manipur

Besides measuring the loan-to-income ratio, we asked residents of Manipur 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 costs, accommodation, and housing affordability in Manipur

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


Rent Cost in Manipur

Monthly Rent Prices

Studio apartment
5,000 INR 7,500 INR 20,000 INR
MINIMUM AVERAGE MAXIMUM
$60 $90 $240
1-bedroom apartment
7,500 INR 12,000 INR 30,000 INR
MINIMUM AVERAGE MAXIMUM
$90 $140 $360
2-bedroom apartment
10,000 INR 15,000 INR 40,000 INR
MINIMUM AVERAGE MAXIMUM
$120 $180 $480
3-bedroom apartment
12,000 INR 20,000 INR 54,000 INR
MINIMUM AVERAGE MAXIMUM
$140 $240 $660
Furnished apartment
24,000 INR 60,000 INR 120,000 INR
MINIMUM AVERAGE MAXIMUM
$290 $720 $1,400
Townhouse
20,000 INR 30,000 INR 85,000 INR
MINIMUM AVERAGE MAXIMUM
$240 $360 $1,000
House
24,000 INR 60,000 INR 120,000 INR
MINIMUM AVERAGE MAXIMUM
$290 $720 $1,400
Villa
30,000 INR 75,000 INR 120,000 INR
MINIMUM AVERAGE MAXIMUM
$360 $900 $1,400

The monthly rental cost of a studio apartment in Manipur ranges between 5,000 INR and 20,000 INR, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 7,500 INR to 30,000 INR. Two-bedroom rentals rate ranges between 10,000 INR and 40,000 INR per month. The monthly rental for a three-bedroom apartment ranges from 12,000 INR to 54,000 INR. The average rent of a townhouse in Manipur is around 30,000 INR while house rental costs can be as high as 60,000 INR per month. Finally, if you want to rent a villa, expect to pay anywhere from 30,000 INR to 120,000 INR per month.



Apartment and house prices in Manipur

Cost of buying a property

Studio apartment
1,000,000 INR 1.5M INR 3M INR
MINIMUM AVERAGE MAXIMUM
$12,000 $18,000 $36,000
1-bedroom apartment
1.2M INR 2M INR 7.5M INR
MINIMUM AVERAGE MAXIMUM
$14,000 $24,000 $90,000
2-bedroom apartment
2M INR 6M INR 12M INR
MINIMUM AVERAGE MAXIMUM
$24,000 $72,000 $140,000
3-bedroom apartment
6.6M INR 10M INR 30M INR
MINIMUM AVERAGE MAXIMUM
$80,000 $120,000 $360,000
Townhouse
8.5M INR 20M INR 75M INR
MINIMUM AVERAGE MAXIMUM
$100,000 $240,000 $900,000
House
10M INR 60M INR 85M INR
MINIMUM AVERAGE MAXIMUM
$120,000 $720,000 $1M
Villa
12M INR 66M INR 100M INR
MINIMUM AVERAGE MAXIMUM
$140,000 $800,000 $1.2M

The average price of a studio apartment in Manipur can range from 1,000,000 INR to 3M INR depending on location. One bedroom cost can be anywhere from 1.2M INR to 7.5M INR. A villa can cost you 66M INR on average with prices ranging from 12M INR to 100M INR.


If you're leasing or purchasing, housing costs in Manipur 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 x83 monthly income 174
MINIMUM AVERAGE MAXIMUM

Property prices in Manipur can be x83 to x174 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x83 multiples of the average monthly salary in Manipur.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


17% 26% of income 35%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Manipur is around 26%. This means that people pay 26% of their income for rent. Those figures can range from 17% to 35% 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
24%

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.


92 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.


Single
Spending habits, consumption analysis, and expenditure patterns for a single person living in Manipur

Housing28%

28% of total expenses on average (16% to 40%)

LOW$60   5,000 INR
AVERAGE$180   15,000 INR
HIGH$1,200   100,000 INR
Per Month

Utilities, Electricity, Water9%

9% of total expenses on average (5% to 14%)

LOW$10   830 INR
AVERAGE$30   2,500 INR
HIGH$200   17,000 INR
Per Month

Transport, Fuel4%

4% of total expenses on average (2% to 10%)

LOW$13   1,100 INR
AVERAGE$40   3,300 INR
HIGH$270   22,000 INR
Per Month

Food and Groceries20%

20% of total expenses on average (14% to 25%)

LOW$27   2,200 INR
AVERAGE$80   6,600 INR
HIGH$530   44,000 INR
Per Month

Healthcare13%

13% of total expenses on average (7% to 17%)

LOW$15   1,200 INR
AVERAGE$45   3,700 INR
HIGH$300   25,000 INR
Per Month

Leisure, Shopping2%

2% of total expenses on average (1% to 5%)

LOW$8.3   690 INR
AVERAGE$25   2,100 INR
HIGH$170   14,000 INR
Per Month

Education1%

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

LOW$3.3   280 INR
AVERAGE$10   830 INR
HIGH$67   5,500 INR
Per Month

Other Expenses23%

23% of total expenses on average (15% to 27%)

LOW$30   2,500 INR
AVERAGE$90   7,500 INR
HIGH$600   50,000 INR
Per Month


Couple
Average monthly living expenditure breaks and spending patterns for couples in Manipur

Housing25%

25% of total expenses on average (18% to 35%)

LOW$92   7,600 INR
AVERAGE$280   23,000 INR
HIGH$1,500   120,000 INR
Per Month

Utilities, Electricity, Water8%

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

LOW$14   1,200 INR
AVERAGE$42   3,500 INR
HIGH$220   18,000 INR
Per Month

Transport, Fuel8%

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

LOW$33   2,800 INR
AVERAGE$100   8,300 INR
HIGH$530   44,000 INR
Per Month

Food and Groceries18%

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

LOW$39   3,200 INR
AVERAGE$120   9,700 INR
HIGH$620   52,000 INR
Per Month

Healthcare15%

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

LOW$31   2,500 INR
AVERAGE$92   7,600 INR
HIGH$490   41,000 INR
Per Month

Leisure, Shopping3%

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

LOW$17   1,400 INR
AVERAGE$50   4,200 INR
HIGH$270   22,000 INR
Per Month

Education1%

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

LOW$5.6   460 INR
AVERAGE$17   1,400 INR
HIGH$89   7,400 INR
Per Month

Other Expenses22%

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

LOW$47   3,900 INR
AVERAGE$140   12,000 INR
HIGH$760   63,000 INR
Per Month


Family
Average monthly expenses and break out of spending for families living in Manipur

Housing24%

24% of total expenses on average (19% to 34%)

LOW$120   10,000 INR
AVERAGE$360   30,000 INR
HIGH$2,000   160,000 INR
Per Month

Transport, Fuel4%

4% of total expenses on average (2% to 6%)

LOW$31   2,600 INR
AVERAGE$89   7,400 INR
HIGH$490   41,000 INR
Per Month

Food and Groceries22%

22% of total expenses on average (15% to 28%)

LOW$70   5,800 INR
AVERAGE$200   17,000 INR
HIGH$1,100   91,000 INR
Per Month

Healthcare12%

12% of total expenses on average (8% to 17%)

LOW$31   2,600 INR
AVERAGE$89   7,400 INR
HIGH$490   41,000 INR
Per Month

Leisure, Shopping2%

2% of total expenses on average (0.00% to 6%)

LOW$19   1,600 INR
AVERAGE$56   4,600 INR
HIGH$310   25,000 INR
Per Month

Education13%

13% of total expenses on average (6% to 21%)

LOW$55   4,500 INR
AVERAGE$160   13,000 INR
HIGH$860   71,000 INR
Per Month

Other Expenses17%

17% of total expenses on average (10% to 22%)

LOW$47   3,900 INR
AVERAGE$130   11,000 INR
HIGH$730   61,000 INR
Per Month


Student
Cost of living and expenses break down for students living in Manipur

Housing16%

16% of total expenses on average (11% to 22%)

LOW$31   2,600 INR
AVERAGE$78   6,500 INR
HIGH$140   12,000 INR
Per Month

Utilities, Electricity, Water7%

7% of total expenses on average (5% to 11%)

LOW$5.2   430 INR
AVERAGE$13   1,100 INR
HIGH$23   1,900 INR
Per Month

Transport, Fuel3%

3% of total expenses on average (3% to 9%)

LOW$9.1   750 INR
AVERAGE$23   1,900 INR
HIGH$41   3,400 INR
Per Month

Food and Groceries24%

24% of total expenses on average (18% to 28%)

LOW$26   2,200 INR
AVERAGE$65   5,400 INR
HIGH$120   9,700 INR
Per Month

Healthcare10%

10% of total expenses on average (7% to 13%)

LOW$7.8   650 INR
AVERAGE$19   1,600 INR
HIGH$35   2,900 INR
Per Month

Leisure, Shopping2%

2% of total expenses on average (1% to 6%)

LOW$6.5   540 INR
AVERAGE$16   1,300 INR
HIGH$29   2,400 INR
Per Month

Education18%

18% of total expenses on average (11% to 23%)

LOW$25   2,000 INR
AVERAGE$62   5,100 INR
HIGH$110   9,200 INR
Per Month

Other Expenses20%

20% of total expenses on average (14% to 26%)

LOW$19   1,600 INR
AVERAGE$49   4,000 INR
HIGH$88   7,300 INR
Per Month
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