Cost Of Living For a Single Person in West Bengal 2024

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

Average Monthly Expenditure

Currency: INR
7,300 52,000 350,000
MINIMUM AVERAGE MAXIMUM
$88 $630 $4,200

Average monthly spending for a single person or individual in West Bengal

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

A single person in West Bengal spends around 52,000 INR per month on average. Depending on the lifestyle, a single individual can survive with a monthly budget as low as 7,300 INR or as high as 350,000 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 West Bengal


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

Dining, food, and beverages costs


Fast food combo meal

66 INR 130 INR 220 INR
MINIMUM AVERAGE MAXIMUM
$0.80 $1.6 $2.7

Restaurant meal for one

240 INR 350 INR 710 INR
MINIMUM AVERAGE MAXIMUM
$2.8 $4.3 $8.5

Fine dining meal for one

470 INR 710 INR 2,800 INR
MINIMUM AVERAGE MAXIMUM
$5.7 $8.5 $34

Cappuccino or latte

55 INR 89 INR 130 INR
MINIMUM AVERAGE MAXIMUM
$0.67 $1.1 $1.6

Grocery and market costs


Milk large bottle

44 INR 53 INR 66 INR
MINIMUM AVERAGE MAXIMUM
$0.53 $0.64 $0.80

12 eggs

33 INR 44 INR 66 INR
MINIMUM AVERAGE MAXIMUM
$0.40 $0.53 $0.80

Fresh whole chicken

76 INR 98 INR 140 INR
MINIMUM AVERAGE MAXIMUM
$0.91 $1.2 $1.7

Pack of beef

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

Medium bag of rice

36 INR 49 INR 69 INR
MINIMUM AVERAGE MAXIMUM
$0.43 $0.59 $0.84

Bag of tomatos

13 INR 18 INR 33 INR
MINIMUM AVERAGE MAXIMUM
$0.16 $0.21 $0.40

Bag of apples

24 INR 31 INR 51 INR
MINIMUM AVERAGE MAXIMUM
$0.29 $0.37 $0.62
Chart showing the prices and cost of commute, travel, and transportation in West Bengal


Commute, travel, and transportation costs


20 minutes taxi ride

59 INR 71 INR 140 INR
MINIMUM AVERAGE MAXIMUM
$0.71 $0.85 $1.7

Average car full tank

330 INR 440 INR 890 INR
MINIMUM AVERAGE MAXIMUM
$4 $5.3 $11

Average car 1-day rental

380 INR 500 INR 750 INR
MINIMUM AVERAGE MAXIMUM
$4.5 $6.1 $9.1

Average car price

170,000 INR 330,000 INR 440,000 INR
MINIMUM AVERAGE MAXIMUM
$2,000 $4,000 $5,300

Bus ticket one way

13 INR 19 INR 38 INR
MINIMUM AVERAGE MAXIMUM
$0.15 $0.23 $0.45

Car Service

500 INR 750 INR 1,500 INR
MINIMUM AVERAGE MAXIMUM
$6.1 $9.1 $18
Chart showing the prices and cost of utility, energy, water, and gas in West Bengal


Utility cost (monthly)


Utility Bill - Individual

440 INR 3,100 INR 21,000 INR
MINIMUM AVERAGE MAXIMUM
$5.3 $38 $250

Internet and cable

330 INR 660 INR 890 INR
MINIMUM AVERAGE MAXIMUM
$4 $8 $11

Mobile phone charges

270 INR 440 INR 1,300 INR
MINIMUM AVERAGE MAXIMUM
$3.2 $5.3 $16

Leisure and activities costs


Movie ticket

170 INR 220 INR 330 INR
MINIMUM AVERAGE MAXIMUM
$2 $2.7 $4

One month gym membership

600 INR 750 INR 1,500 INR
MINIMUM AVERAGE MAXIMUM
$7.3 $9.1 $18
Chart showing the prices and cost of clothing and accessories in West Bengal


Cloths and accessories costs


Pair of jeans or pants

440 INR 630 INR 940 INR
MINIMUM AVERAGE MAXIMUM
$5.3 $7.6 $11

Woman dress

420 INR 580 INR 1,900 INR
MINIMUM AVERAGE MAXIMUM
$5 $7 $23

Woman shoes

400 INR 540 INR 1,300 INR
MINIMUM AVERAGE MAXIMUM
$4.8 $6.5 $15

Men's shoes

340 INR 420 INR 840 INR
MINIMUM AVERAGE MAXIMUM
$4.1 $5 $10

Men suit

380 INR 470 INR 2,500 INR
MINIMUM AVERAGE MAXIMUM
$4.5 $5.7 $30

Regular t-shirt

190 INR 250 INR 750 INR
MINIMUM AVERAGE MAXIMUM
$2.3 $3 $9.1
Chart showing the prices and cost of housing, accommodation, and rent in West Bengal


Housing costs / monthly rent


Studio apartment

6,300 INR 9,400 INR 25,000 INR
MINIMUM AVERAGE MAXIMUM
$76 $110 $300

1-bedroom apartment

9,400 INR 15,000 INR 38,000 INR
MINIMUM AVERAGE MAXIMUM
$110 $180 $450

2-bedroom apartment

13,000 INR 19,000 INR 50,000 INR
MINIMUM AVERAGE MAXIMUM
$150 $230 $610

Housing costs / Buying


Studio apartment

1.3M INR 1.9M INR 3.8M INR
MINIMUM AVERAGE MAXIMUM
$15,000 $23,000 $45,000

1-bedroom apartment

1.5M INR 2.5M INR 9.4M INR
MINIMUM AVERAGE MAXIMUM
$18,000 $30,000 $110,000

2-bedroom apartment

2.5M INR 7.5M INR 15M INR
MINIMUM AVERAGE MAXIMUM
$30,000 $91,000 $180,000
Chart showing the prices and cost of furniture in West Bengal


Furniture Costs


King Size Bed

6,600 INR 8,300 INR 11,000 INR
MINIMUM AVERAGE MAXIMUM
$80 $100 $130

Double Bed

4,400 INR 6,600 INR 8,300 INR
MINIMUM AVERAGE MAXIMUM
$53 $80 $100

Single Bed

3,900 INR 5,100 INR 6,600 INR
MINIMUM AVERAGE MAXIMUM
$47 $62 $80

Living Room

7,400 INR 9,500 INR 33,000 INR
MINIMUM AVERAGE MAXIMUM
$89 $110 $400

Dining Table

3,300 INR 4,400 INR 8,300 INR
MINIMUM AVERAGE MAXIMUM
$40 $53 $100

Sofa or Couch

4,400 INR 6,000 INR 13,000 INR
MINIMUM AVERAGE MAXIMUM
$53 $73 $160
Chart showing the prices and cost of electronic devices and appliances in West Bengal


Electronics and House Appliance Costs


TV Set

4,400 INR 6,600 INR 13,000 INR
MINIMUM AVERAGE MAXIMUM
$53 $80 $160

Fridge or Freezer

3,900 INR 6,000 INR 8,300 INR
MINIMUM AVERAGE MAXIMUM
$47 $73 $100

Washing Machine

5,100 INR 7,400 INR 13,000 INR
MINIMUM AVERAGE MAXIMUM
$62 $89 $160

Stove or Cooker

4,700 INR 6,000 INR 8,300 INR
MINIMUM AVERAGE MAXIMUM
$57 $73 $100

Mobile Phone

5,500 INR 6,600 INR 9,500 INR
MINIMUM AVERAGE MAXIMUM
$67 $80 $110

Laptop or Computer

6,000 INR 7,400 INR 13,000 INR
MINIMUM AVERAGE MAXIMUM
$73 $89 $160
Single person or Individual cost of living and expenditure to income ratio in West Bengal

Single person expenditure to income ratio in West Bengal

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

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

86%

79% to 95%

( expenditure / income ) x 100


Individuals in West Bengal spend around 86% of their monthly income. Some individuals spend as low as 79% of their income while some as high as 95%.

Distribution of monthly cost of living expenses of a single person in West Bengal

How do individuals spend their money in West Bengal?

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 Cost29%

29% of total expenses on average (17% to 41%)

LOW$32   2,600 INR
AVERAGE$230   19,000 INR
HIGH$1,500   130,000 INR
Per Month

Individuals in West Bengal typically spend from 17% to 41% of their total monthly expenditure on housing with 29% being the average. The average monthly spend on housing is 19,000 INR with expenditure ranging from 2,600 INR to 130,000 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$5.3   440 INR
AVERAGE$38   3,100 INR
HIGH$250   21,000 INR
Per Month

Utility expenditure like electricity, water, and gas in West Bengal ranges from 5% to 14% of total expenses with 9% being the average for most individuals. The average monthly cost of utilities is 3,100 INR with 440 INR and 21,000 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$7.1   590 INR
AVERAGE$50   4,200 INR
HIGH$340   28,000 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 590 INR to 28,000 INR in a month on commuting with 4,200 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$14   1,200 INR
AVERAGE$100   8,400 INR
HIGH$670   56,000 INR
Per Month

The average outlay on groceries and basic houshold items for a typical person in a month in West Bengal is 8,400 INR. The cost of groceries can range between 1,200 INR to 56,000 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$7.9   660 INR
AVERAGE$57   4,700 INR
HIGH$380   31,000 INR
Per Month

Individuals in West Bengal 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 660 INR to 31,000 INR with 4,700 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$4.4   370 INR
AVERAGE$32   2,600 INR
HIGH$210   17,000 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 370 INR to 17,000 INR with 2,600 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$1.8   150 INR
AVERAGE$13   1,000 INR
HIGH$84   7,000 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 1,000 INR per month with 150 INR being the minimum spent amount and 7,000 INR being the maximum.

Other Expenses22%

22% of total expenses on average (14% to 26%)

LOW$16   1,300 INR
AVERAGE$110   9,400 INR
HIGH$760   63,000 INR
Per Month
Percentage of individuals who manage to save money from their income every month in West Bengal

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


Percentage of individuals that reported their ability to save money


Saving Money
64%
Not Saving
36%

Almost 64% of surveyed individuals in West Bengal said that they can save some money at the end of each month while 36% reported that they have to utilize their whole income to survive.


A single person savings to income ratio in West Bengal

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

15% 25% of income 36%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

1,700 INR
$21
15,000 INR
$190
100,000 INR
$1,200
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for individuals

Saving To Income Ratio% Individuals
0% - 10%33%
10% - 20%26%
20% - 30%16%
30% - 40%12%
40% - 50%9%
> 50%4%

Interpretation and Analysis

Individuals that are able to save money can put anywhere from 15% to 36% of their monthly income to their savings, with 25% being the average for most individuals. The average monthly amount of money that individuals can put aside is 15,000 INR with 1,700 INR and 100,000 INR being the minimum and maximum respectively.

Reasons that make it difficult for individuals to save money in West Bengal

Saving Challenges in West Bengal

Reasons that make it difficult for individuals to save money

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


Reason% People
Low Income4%
High Expenses7%
Debt and Loans12%
Lack of Budgeting Skills12%
Impulsive Spending12%
Financial Emergencies7%
Living the moment5%
Will do it later22%
Inflation14%
Social Pressure3%
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. 12% 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 3% 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 West Bengal

Typical saving choices for individuals in West Bengal

Where do people choose to put their savings?


Saving Type% People
Emergency Funds13%
Gold14%
Savings Accounts17%
Retirement Accounts9%
Cash Savings22%
Real Estate9%
Investment5%
Stocks4%
Bonds4%
Mutual Funds2%
Certificates of Deposit3%
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 West Bengal

Affordable living in West Bengal

Income and cost of living compatibility

We asked individuals one simple question and recorded their answers.

Is it affordable or economical to live in West Bengal?


Yes
55%
No
45%

Around 55% of surveyed individuals think that living in West Bengal is affordable with proper budgeting while 45% 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 West Bengal

Low-cost alternatives in West Bengal

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 options62%

Few low-cost options38%


Based on the survey, 62% of the individuals living in West Bengal have no problem finding low-cost alternatives to support a frugal lifestyle while 38% 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 West Bengal whether they have an emergency fund and the answers were as follows.

Yes55%

No45%


Based on the survey, 45% of the individuals living in West Bengal said that they don't have an emergency fund while 55% said that they do.

Financial literacy and difficulty in budgeting and financial planning for individuals in West Bengal

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 West Bengal 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 West Bengal

Financial goals of individuals in West Bengal

In an attempt to understand the economic situation in West Bengal, 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 Reduction45%
Retirement Savings11%
Education Funding6%
Homeownership19%
Investing6%
Travel or Lifestyle5%
Healthcare Expenses15%
Financial Independence4%

Around 9% of individuals said that their main goal is to establish an emergency fund to cover unexpected expenses while 45% 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 15% 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 West Bengal

Debt, loans, and mortgages in West Bengal


Percentage of individuals who are in debt


In Debt
30%
Debt Free
70%

According to the survey, 30% of the individuals in West Bengal have some kind of debt, loan, mortgage, or credit card payments while 70% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in West Bengal

Debt-to-income ratio in West Bengal

Debt to income ratio

35%

26% to 45%

( 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 35% of a single person's monthly income in West Bengal goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%20%
40% - 50%15%
30% - 40%17%
20% - 30%9%
10% - 20%10%
0% - 10%25%

According to our data, 3% of the debtors in West Bengal pay 60%+ of their income as debt settlement while 20% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 15% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 17% dedicated 30% to 40% of income for same. Things are looking brighter for 9% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in West Bengal

Debt% People
Real Estate Mortgage7%
Auto Loan13%
Student Loan4%
Credit Card31%
Personal Loan45%

7% of debtors in West Bengal confirm that real estate mortgages constitutes the main part of their outstanding debt while 31% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 13% of people and personal loans rose at 45%. Lastly, student loans are the main source of debt for 4% of debtors in West Bengal.


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 West Bengal

Besides measuring the loan-to-income ratio, we asked individuals of West Bengal 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
Never49%
Once a year24%
Twice a year13%
Three times a year9%
Four times a year4%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in West Bengal

Housing costs, accommodation, and housing affordability in West Bengal

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


Rent Cost in West Bengal

Monthly Rent Prices

Studio apartment monthly rent cost

6,300 INR 9,400 INR 25,000 INR
MINIMUM AVERAGE MAXIMUM
$76 $110 $300

1-bedroom apartment monthly rent cost

9,400 INR 15,000 INR 38,000 INR
MINIMUM AVERAGE MAXIMUM
$110 $180 $450

2-bedroom apartment monthly rent cost

13,000 INR 19,000 INR 50,000 INR
MINIMUM AVERAGE MAXIMUM
$150 $230 $610

3-bedroom apartment monthly rent cost

15,000 INR 25,000 INR 68,000 INR
MINIMUM AVERAGE MAXIMUM
$180 $300 $830

Furnished apartment monthly rent cost

30,000 INR 75,000 INR 150,000 INR
MINIMUM AVERAGE MAXIMUM
$360 $910 $1,800

Townhouse monthly rent cost

25,000 INR 38,000 INR 110,000 INR
MINIMUM AVERAGE MAXIMUM
$300 $450 $1,300

House monthly rent cost

30,000 INR 75,000 INR 150,000 INR
MINIMUM AVERAGE MAXIMUM
$360 $910 $1,800

Villa monthly rent cost

38,000 INR 94,000 INR 150,000 INR
MINIMUM AVERAGE MAXIMUM
$450 $1,100 $1,800

The monthly rental cost of a studio apartment in West Bengal ranges between 6,300 INR and 25,000 INR, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 9,400 INR to 38,000 INR. Two-bedroom rentals rate ranges between 13,000 INR and 50,000 INR per month. The monthly rental for a three-bedroom apartment ranges from 15,000 INR to 68,000 INR. The average rent of a townhouse in West Bengal is around 38,000 INR while house rental costs can be as high as 75,000 INR per month. Finally, if you want to rent a villa, expect to pay anywhere from 38,000 INR to 150,000 INR per month.



Apartment and house prices in West Bengal

Cost of buying a property

Studio apartment price

1.3M INR 1.9M INR 3.8M INR
MINIMUM AVERAGE MAXIMUM
$15,000 $23,000 $45,000

1-bedroom apartment price

1.5M INR 2.5M INR 9.4M INR
MINIMUM AVERAGE MAXIMUM
$18,000 $30,000 $110,000

2-bedroom apartment price

2.5M INR 7.5M INR 15M INR
MINIMUM AVERAGE MAXIMUM
$30,000 $91,000 $180,000

3-bedroom apartment price

8.4M INR 13M INR 38M INR
MINIMUM AVERAGE MAXIMUM
$100,000 $150,000 $450,000

Townhouse price

11M INR 25M INR 94M INR
MINIMUM AVERAGE MAXIMUM
$130,000 $300,000 $1.1M

House price

13M INR 75M INR 110M INR
MINIMUM AVERAGE MAXIMUM
$150,000 $910,000 $1.3M

Villa price

15M INR 84M INR 130M INR
MINIMUM AVERAGE MAXIMUM
$180,000 $1M $1.5M

The average price of a studio apartment in West Bengal can range from 1.3M INR to 3.8M INR depending on location. One bedroom cost can be anywhere from 1.5M INR to 9.4M INR. A villa can cost you 84M INR on average with prices ranging from 15M INR to 130M INR.


If you're leasing or purchasing, housing costs in West Bengal 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


37 x105 monthly income 220
MINIMUM AVERAGE MAXIMUM

Property prices in West Bengal can be x105 to x220 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x105 multiples of the average monthly salary in West Bengal.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


21% 32% of income 44%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in West Bengal is around 32%. This means that people pay 32% of their income for rent. Those figures can range from 21% to 44% 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
30%

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
3.8%

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.


120 INR 1,500 INR 15,000 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 West Bengal

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in West Bengal

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

440 INR 3,100 INR 21,000 INR
MINIMUM AVERAGE MAXIMUM
$5.3 $38 $250

Internet and cable cost

330 INR 660 INR 890 INR
MINIMUM AVERAGE MAXIMUM
$4 $8 $11

Mobile phone bill and charges

270 INR 440 INR 1,300 INR
MINIMUM AVERAGE MAXIMUM
$3.2 $5.3 $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 3,100 INR. The cost of internet and WiFi ranges from 330 INR to 890 INR with 660 INR being the average internet bill. Finally, the average monthly mobile charges is around 440 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


3.3% 6.7% of income 11%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in West Bengal is around 6.7%. This means that people pay 6.7% of their income for energy, water, internet, and mobile charges. Those figures can range from 3.3% to 11% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in West Bengal

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


Prices and cost of goods and services in West Bengal

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

Fast food combo meal price

66 INR 130 INR 220 INR
MINIMUM AVERAGE MAXIMUM
$0.80 $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 West Bengal is approximatly 130 INR with meal cost ranging from 66 INR to 220 INR. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

240 INR 350 INR 710 INR
MINIMUM AVERAGE MAXIMUM
$2.8 $4.3 $8.5

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 240 INR and 710 INR with 350 INR being the average price of a plate for one person at a regular restaurant in West Bengal.

Fine dining meal for one price

470 INR 710 INR 2,800 INR
MINIMUM AVERAGE MAXIMUM
$5.7 $8.5 $34

The price range of a meal at fine-dining restaurant is 470 INR to 2,800 INR with the average cost being 710 INR for one person. This is what you would expect to pay a top-tier diner in West Bengal.

Beverage prices, cappuccino, latte etc..

55 INR 89 INR 130 INR
MINIMUM AVERAGE MAXIMUM
$0.67 $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 West Bengal is around 89 INR. Price ranges between 55 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

44 INR 53 INR 66 INR
MINIMUM AVERAGE MAXIMUM
$0.53 $0.64 $0.80

The average price of a large bottle of milk in West Bengal is 53 INR. The maximum what you would pay for milk is 66 INR and the minimum being 44 INR depending on the brand of milk and other properties.

12 eggs price

33 INR 44 INR 66 INR
MINIMUM AVERAGE MAXIMUM
$0.40 $0.53 $0.80

A dozen eggs costs around 44 INR on average with 33 INR and 66 INR being the lower and upper limits respectively.

Fresh whole chicken price

76 INR 98 INR 140 INR
MINIMUM AVERAGE MAXIMUM
$0.91 $1.2 $1.7

The price range of a fresh whole chicken in West Bengal 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 98 INR.

Pack of beef price

89 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 69 INR
MINIMUM AVERAGE MAXIMUM
$0.43 $0.59 $0.84

A bag of rice in West Bengal costs around 49 INR on average with prices rangeing between 36 INR and 69 INR depending on the brand and quality.

Bag of tomatos price

13 INR 18 INR 33 INR
MINIMUM AVERAGE MAXIMUM
$0.16 $0.21 $0.40

A bag of tomatoes costs anywhere from 13 INR to 33 INR. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

24 INR 31 INR 51 INR
MINIMUM AVERAGE MAXIMUM
$0.29 $0.37 $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


21% 30% of income 37%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in West Bengal is around 30%. This means that individuals spend 30% of their income on grocery and basic household items. The expenditure can range from 21% to 37% depending on salary and location.


Expenditure on food and grocery for individuals

Individuals' spending on grocery ranges from 1,200 INR to 56,000 INR with the location, income being the most determinite factors.

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