Cost Of Living For a Single Person in Mizoram 2024

Single person cost of living chart - individual average monthly expenditure in Mizoram

Average Monthly Expenditure

Currency: INR
5,700 41,000 270,000
MINIMUM AVERAGE MAXIMUM
$68 $490 $3,300

Average monthly spending for a single person or individual in Mizoram

How much money does an individual need in a month to survive in Mizoram?

A single person in Mizoram spends around 41,000 INR per month on average. Depending on the lifestyle, a single individual can survive with a monthly budget as low as 5,700 INR or as high as 270,000 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 Mizoram


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

Dining, food, and beverages costs


Fast food combo meal

67 INR 130 INR 220 INR
MINIMUM AVERAGE MAXIMUM
$0.81 $1.6 $2.7

Restaurant meal for one

210 INR 310 INR 630 INR
MINIMUM AVERAGE MAXIMUM
$2.5 $3.8 $7.6

Fine dining meal for one

420 INR 630 INR 2,500 INR
MINIMUM AVERAGE MAXIMUM
$5 $7.6 $30

Cappuccino or latte

56 INR 90 INR 130 INR
MINIMUM AVERAGE MAXIMUM
$0.68 $1.1 $1.6

Grocery and market costs


Milk large bottle

45 INR 54 INR 67 INR
MINIMUM AVERAGE MAXIMUM
$0.54 $0.65 $0.81

12 eggs

34 INR 45 INR 67 INR
MINIMUM AVERAGE MAXIMUM
$0.41 $0.54 $0.81

Fresh whole chicken

76 INR 99 INR 140 INR
MINIMUM AVERAGE MAXIMUM
$0.92 $1.2 $1.7

Pack of beef

90 INR 130 INR 270 INR
MINIMUM AVERAGE MAXIMUM
$1.1 $1.6 $3.2

Medium bag of rice

36 INR 49 INR 70 INR
MINIMUM AVERAGE MAXIMUM
$0.44 $0.60 $0.84

Bag of tomatos

13 INR 18 INR 34 INR
MINIMUM AVERAGE MAXIMUM
$0.16 $0.22 $0.41

Bag of apples

24 INR 31 INR 52 INR
MINIMUM AVERAGE MAXIMUM
$0.29 $0.38 $0.62
Chart showing the prices and cost of commute, travel, and transportation in Mizoram


Commute, travel, and transportation costs


20 minutes taxi ride

52 INR 63 INR 130 INR
MINIMUM AVERAGE MAXIMUM
$0.63 $0.76 $1.5

Average car full tank

340 INR 450 INR 900 INR
MINIMUM AVERAGE MAXIMUM
$4.1 $5.4 $11

Average car 1-day rental

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

Average car price

170,000 INR 340,000 INR 450,000 INR
MINIMUM AVERAGE MAXIMUM
$2,000 $4,100 $5,400

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 Mizoram


Utility cost (monthly)


Utility Bill - Individual

340 INR 2,400 INR 16,000 INR
MINIMUM AVERAGE MAXIMUM
$4.1 $29 $200

Internet and cable

340 INR 670 INR 900 INR
MINIMUM AVERAGE MAXIMUM
$4.1 $8.1 $11

Mobile phone charges

270 INR 450 INR 1,300 INR
MINIMUM AVERAGE MAXIMUM
$3.2 $5.4 $16

Leisure and activities costs


Movie ticket

170 INR 220 INR 340 INR
MINIMUM AVERAGE MAXIMUM
$2 $2.7 $4.1

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 Mizoram


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 Mizoram


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 Mizoram


Furniture Costs


King Size Bed

6,700 INR 8,400 INR 11,000 INR
MINIMUM AVERAGE MAXIMUM
$81 $100 $140

Double Bed

4,500 INR 6,700 INR 8,400 INR
MINIMUM AVERAGE MAXIMUM
$54 $81 $100

Single Bed

4,000 INR 5,200 INR 6,700 INR
MINIMUM AVERAGE MAXIMUM
$48 $62 $81

Living Room

7,500 INR 9,600 INR 34,000 INR
MINIMUM AVERAGE MAXIMUM
$90 $120 $410

Dining Table

3,400 INR 4,500 INR 8,400 INR
MINIMUM AVERAGE MAXIMUM
$41 $54 $100

Sofa or Couch

4,500 INR 6,100 INR 13,000 INR
MINIMUM AVERAGE MAXIMUM
$54 $74 $160
Chart showing the prices and cost of electronic devices and appliances in Mizoram


Electronics and House Appliance Costs


TV Set

4,500 INR 6,700 INR 13,000 INR
MINIMUM AVERAGE MAXIMUM
$54 $81 $160

Fridge or Freezer

4,000 INR 6,100 INR 8,400 INR
MINIMUM AVERAGE MAXIMUM
$48 $74 $100

Washing Machine

5,200 INR 7,500 INR 13,000 INR
MINIMUM AVERAGE MAXIMUM
$62 $90 $160

Stove or Cooker

4,800 INR 6,100 INR 8,400 INR
MINIMUM AVERAGE MAXIMUM
$58 $74 $100

Mobile Phone

5,600 INR 6,700 INR 9,600 INR
MINIMUM AVERAGE MAXIMUM
$68 $81 $120

Laptop or Computer

6,100 INR 7,500 INR 13,000 INR
MINIMUM AVERAGE MAXIMUM
$74 $90 $160
Single person or Individual cost of living and expenditure to income ratio in Mizoram

Single person expenditure to income ratio in Mizoram

Analysing the how affordable it is for an individual to live in Mizoram

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. Individuals usually spend a larger chunk of their income than other population groups. A typical and healthy expenditure percentage for a single individual ranges between 70% to 80%.


Spending to Income Ratio

67%

62% to 74%

( expenditure / income ) x 100


Individuals in Mizoram spend around 67% of their monthly income. Some individuals spend as low as 62% of their income while some as high as 74%.

Distribution of monthly cost of living expenses of a single person in Mizoram

How do individuals spend their money in Mizoram?

We asked thousands of individuals 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 individuals

Accomodation Cost28%

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

LOW$25   2,000 INR
AVERAGE$180   15,000 INR
HIGH$1,200   97,000 INR
Per Month

Individuals in Mizoram typically spend from 16% to 40% of their total monthly expenditure on housing with 28% being the average. The average monthly spend on housing is 15,000 INR with expenditure ranging from 2,000 INR to 97,000 INR. This cost mainly goes for rent but it also includes other accommodation-related expenses.

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

Cost of utilities9%

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

LOW$4.1   340 INR
AVERAGE$29   2,400 INR
HIGH$200   16,000 INR
Per Month

Utility expenditure like electricity, water, and gas in Mizoram ranges from 5% to 14% of total expenses with 9% being the average for most individuals. The average monthly cost of utilities is 2,400 INR with 340 INR and 16,000 INR being the upper and lower limits for a single person.

Transport, fuel, and commute expenditure for individuals

Cost of transport and fuel4%

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

LOW$5.5   450 INR
AVERAGE$39   3,200 INR
HIGH$260   22,000 INR
Per Month

Fuel consumption and cost of transport depend heavily on whether a single person resides near school and work, but roughly speaking a single person would expect to spend from 450 INR to 22,000 INR in a month on commuting with 3,200 INR being the norm for most individuals. This means that money spent on transport constitutes about 4% of total spending on average but can go as low as 2% or as high as 10%.

Food, groceries, and basic shopping expenditure for individuals

Food and Groceries Cost20%

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

LOW$11   910 INR
AVERAGE$78   6,500 INR
HIGH$520   43,000 INR
Per Month

The average outlay on groceries and basic houshold items for a typical person in a month in Mizoram is 6,500 INR. The cost of groceries can range between 910 INR to 43,000 INR. Individuals spend on average about 20% on food and groceries with upper and lower bounds of 14% and 25% respectively.

Healthcare and medical services expenditure for individuals

Cost of healthcare13%

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

LOW$6.2   510 INR
AVERAGE$44   3,700 INR
HIGH$290   24,000 INR
Per Month

Individuals in Mizoram allocate 7% to 17% 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 13%. The range of medical expenses range from 510 INR to 24,000 INR with 3,700 INR being the norm for most individuals.

Leisure and shopping expenditure for individuals

Cost of leisure and shopping2%

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

LOW$3.4   280 INR
AVERAGE$24   2,000 INR
HIGH$160   14,000 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 280 INR to 14,000 INR with 2,000 INR being the average. Speaking of percentages, that equates to 2% to 5% of total expenses with an average of 2% for most individuals.

Education and schooling expenditure for individuals

Cost of education and schooling1%

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

LOW$1.4   110 INR
AVERAGE$9.8   810 INR
HIGH$65   5,400 INR
Per Month

Spending on education can vary drastically between different individuals. On average, education constitutes 1% of the monthly expenditure of individuals with 0.00% and 3% being the lower and upper bounds respectively. The average reported education cost is 810 INR per month with 110 INR being the minimum spent amount and 5,400 INR being the maximum.

Other Expenses23%

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

LOW$12   1,000 INR
AVERAGE$88   7,300 INR
HIGH$590   49,000 INR
Per Month
Percentage of individuals who manage to save money from their income every month in Mizoram

What percentage of individuals in Mizoram are able to save money and how much can they save?


Percentage of individuals that reported their ability to save money


Saving Money
49%
Not Saving
51%

Almost 49% of surveyed individuals in Mizoram said that they can save some money at the end of each month while 51% reported that they have to utilize their whole income to survive.


A single person savings to income ratio in Mizoram

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 individuals 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

11% 19% of income 28%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

1,300 INR
$16
12,000 INR
$140
80,000 INR
$960
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for individuals

Saving To Income Ratio% Individuals
0% - 10%34%
10% - 20%26%
20% - 30%17%
30% - 40%11%
40% - 50%9%
> 50%3%

Interpretation and Analysis

Individuals that are able to save money can put anywhere from 11% to 28% of their monthly income to their savings, with 19% being the average for most individuals. The average monthly amount of money that individuals can put aside is 12,000 INR with 1,300 INR and 80,000 INR being the minimum and maximum respectively.

Reasons that make it difficult for individuals to save money in Mizoram

Saving Challenges in Mizoram

Reasons that make it difficult for individuals to save money

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


Reason% People
Low Income4%
High Expenses7%
Debt and Loans11%
Lack of Budgeting Skills12%
Impulsive Spending12%
Financial Emergencies7%
Living the moment5%
Will do it later22%
Inflation14%
Social Pressure2%
Market Instability2%

Around 4% of the individuals 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. 11% 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. 12% of individuals blamed impulsive spending as the reason for saving inability. Around 7% 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. 22% 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. 14% 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, 2% blamed market instability and price fluctuations.

Where do individuals choose to put their savings in Mizoram

Typical saving choices for individuals in Mizoram

Where do people choose to put their savings?


Saving Type% People
Emergency Funds13%
Gold14%
Savings Accounts16%
Retirement Accounts9%
Cash Savings23%
Real Estate9%
Investment5%
Stocks3%
Bonds4%
Mutual Funds2%
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 individuals to live in Mizoram

Affordable living in Mizoram

Income and cost of living compatibility

We asked individuals one simple question and recorded their answers.

Is it affordable or economical to live in Mizoram?


Yes
42%
No
58%

Around 42% of surveyed individuals think that living in Mizoram 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 individuals. Are there plenty of low-cost options in Mizoram

Low-cost alternatives in Mizoram

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 individuals 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 individuals living in Mizoram 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 Individuals

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 individuals of Mizoram whether they have an emergency fund and the answers were as follows.

Yes42%

No58%


Based on the survey, 58% of the individuals living in Mizoram 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 individuals in Mizoram

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 individuals in Mizoram 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 single people 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 single people living in Mizoram

Financial goals of individuals in Mizoram

In an attempt to understand the economic situation in Mizoram, 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 Reduction46%
Retirement Savings11%
Education Funding6%
Homeownership19%
Investing6%
Travel or Lifestyle5%
Healthcare Expenses16%
Financial Independence3%

Around 9% of individuals said that their main goal is to establish an emergency fund to cover unexpected expenses while 46% said their number one priority is to pay off high-interest debt or loans and improve credit. 11% 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. 6% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 5% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 16% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Chart showing the percentage of individuals who are in debt in Mizoram

Debt, loans, and mortgages in Mizoram


Percentage of individuals who are in debt


In Debt
23%
Debt Free
77%

According to the survey, 23% of the individuals in Mizoram 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 Mizoram

Debt-to-income ratio in Mizoram

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 single person's monthly income in Mizoram goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%4%
50% - 60%21%
40% - 50%16%
30% - 40%18%
20% - 30%8%
10% - 20%9%
0% - 10%25%

According to our data, 4% of the debtors in Mizoram pay 60%+ of their income as debt settlement while 21% 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 8% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Mizoram

Debt% People
Real Estate Mortgage6%
Auto Loan12%
Student Loan4%
Credit Card32%
Personal Loan46%

6% of debtors in Mizoram confirm that real estate mortgages constitutes the main part of their outstanding debt while 32% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 12% of people and personal loans rose at 46%. Lastly, student loans are the main source of debt for 4% of debtors in Mizoram.


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 Mizoram

Besides measuring the loan-to-income ratio, we asked individuals of Mizoram 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
Never48%
Once a year25%
Twice a year13%
Three times a year9%
Four times a year5%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Mizoram

Housing costs, accommodation, and housing affordability in Mizoram

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


Rent Cost in Mizoram

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 Mizoram 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 Mizoram 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 Mizoram

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 Mizoram 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 Mizoram 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 Mizoram 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 Mizoram.



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 Mizoram 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
1.9%
AVERAGE
2.9%
TO
3.9%

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 Mizoram

Utilities expenditure can vary slightly between different areas and locations.


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

Utility Bill Cost / Electricity + Water + Gas / A single person

340 INR 2,400 INR 16,000 INR
MINIMUM AVERAGE MAXIMUM
$4.1 $29 $200

Internet and cable cost

340 INR 670 INR 900 INR
MINIMUM AVERAGE MAXIMUM
$4.1 $8.1 $11

Mobile phone bill and charges

270 INR 450 INR 1,300 INR
MINIMUM AVERAGE MAXIMUM
$3.2 $5.4 $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 individuals is around 2,400 INR. The cost of internet and WiFi ranges from 340 INR to 900 INR with 670 INR being the average internet bill. Finally, the average monthly mobile charges is around 450 INR but can range between 270 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 Mizoram 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 Mizoram

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


Prices and cost of goods and services in Mizoram

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

Fast food combo meal price

67 INR 130 INR 220 INR
MINIMUM AVERAGE MAXIMUM
$0.81 $1.6 $2.7

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Mizoram is approximatly 130 INR with meal cost ranging from 67 INR to 220 INR. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

210 INR 310 INR 630 INR
MINIMUM AVERAGE MAXIMUM
$2.5 $3.8 $7.6

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 210 INR and 630 INR with 310 INR being the average price of a plate for one person at a regular restaurant in Mizoram.

Fine dining meal for one price

420 INR 630 INR 2,500 INR
MINIMUM AVERAGE MAXIMUM
$5 $7.6 $30

The price range of a meal at fine-dining restaurant is 420 INR to 2,500 INR with the average cost being 630 INR for one person. This is what you would expect to pay a top-tier diner in Mizoram.

Beverage prices, cappuccino, latte etc..

56 INR 90 INR 130 INR
MINIMUM AVERAGE MAXIMUM
$0.68 $1.1 $1.6

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Mizoram is around 90 INR. Price ranges between 56 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

45 INR 54 INR 67 INR
MINIMUM AVERAGE MAXIMUM
$0.54 $0.65 $0.81

The average price of a large bottle of milk in Mizoram is 54 INR. The maximum what you would pay for milk is 67 INR and the minimum being 45 INR depending on the brand of milk and other properties.

12 eggs price

34 INR 45 INR 67 INR
MINIMUM AVERAGE MAXIMUM
$0.41 $0.54 $0.81

A dozen eggs costs around 45 INR on average with 34 INR and 67 INR being the lower and upper limits respectively.

Fresh whole chicken price

76 INR 99 INR 140 INR
MINIMUM AVERAGE MAXIMUM
$0.92 $1.2 $1.7

The price range of a fresh whole chicken in Mizoram is between 76 INR and 140 INR depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 99 INR.

Pack of beef price

90 INR 130 INR 270 INR
MINIMUM AVERAGE MAXIMUM
$1.1 $1.6 $3.2

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

36 INR 49 INR 70 INR
MINIMUM AVERAGE MAXIMUM
$0.44 $0.60 $0.84

A bag of rice in Mizoram costs around 49 INR on average with prices rangeing between 36 INR and 70 INR depending on the brand and quality.

Bag of tomatos price

13 INR 18 INR 34 INR
MINIMUM AVERAGE MAXIMUM
$0.16 $0.22 $0.41

A bag of tomatoes costs anywhere from 13 INR to 34 INR. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

24 INR 31 INR 52 INR
MINIMUM AVERAGE MAXIMUM
$0.29 $0.38 $0.62

A bag of apples costs 31 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 Mizoram is around 23%. This means that individuals 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 individuals

Individuals' spending on grocery ranges from 910 INR to 43,000 INR with the location, income being the most determinite factors.

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