Cost Of Living For a Student in Chandigarh 2024
Average Monthly Expenditure
Currency: INR
Average monthly spending for students in Chandigarh
How much money does a student need in a month to survive in Chandigarh?
Students in Chandigarh spend around 28,000 INR per month on average. Depending on the lifestyle, a student can survive with a monthly budget as low as 4,200 INR or as high as 190,000 INR. Location is a very important factor and has a huge influence on expenditure and budget.
Prices and cost of goods and services in Chandigarh
Dining, food, and beverages costs
Fast food combo meal
Restaurant meal for one
Fine dining meal for one
| 400 INR | 600 INR | 2,400 INR |
Cappuccino or latte
Grocery and market costs
Milk large bottle
12 eggs
Fresh whole chicken
Pack of beef
Medium bag of rice
Bag of tomatos
Bag of apples
Commute, travel, and transportation costs
20 minutes taxi ride
Average car full tank
Average car 1-day rental
Average car price
| 160,000 INR | 320,000 INR | 430,000 INR |
Bus ticket one way
Car Service
| 370 INR | 550 INR | 1,100 INR |
Utility cost (monthly)
Utility Bill - Student
| 170 INR | 1,100 INR | 7,600 INR |
Internet and cable
Mobile phone charges
| 260 INR | 430 INR | 1,300 INR |
Leisure and activities costs
Movie ticket
One month gym membership
| 440 INR | 550 INR | 1,100 INR |
Cloths and accessories costs
Pair of jeans or pants
Woman dress
| 310 INR | 420 INR | 1,400 INR |
Woman shoes
Men's shoes
Men suit
| 280 INR | 340 INR | 1,800 INR |
Regular t-shirt
Housing costs / monthly rent
Studio apartment
| 4,600 INR | 6,900 INR | 18,000 INR |
1-bedroom apartment
| 6,900 INR | 11,000 INR | 28,000 INR |
2-bedroom apartment
| 9,200 INR | 14,000 INR | 37,000 INR |
Housing costs / Buying
Studio apartment
| 920,000 INR | 1.4M INR | 2.8M INR |
1-bedroom apartment
| 1.1M INR | 1.8M INR | 6.9M INR |
2-bedroom apartment
| 1.8M INR | 5.5M INR | 11M INR |
Furniture Costs
King Size Bed
| 6,400 INR | 8,100 INR | 11,000 INR |
Double Bed
| 4,300 INR | 6,400 INR | 8,100 INR |
Single Bed
| 3,800 INR | 5,000 INR | 6,400 INR |
Living Room
| 7,200 INR | 9,200 INR | 32,000 INR |
Dining Table
| 3,200 INR | 4,300 INR | 8,100 INR |
Sofa or Couch
| 4,300 INR | 5,900 INR | 13,000 INR |
Electronics and House Appliance Costs
TV Set
| 4,300 INR | 6,400 INR | 13,000 INR |
Fridge or Freezer
| 3,800 INR | 5,900 INR | 8,100 INR |
Washing Machine
| 5,000 INR | 7,200 INR | 13,000 INR |
Stove or Cooker
| 4,600 INR | 5,900 INR | 8,100 INR |
Mobile Phone
| 5,400 INR | 6,400 INR | 9,200 INR |
Laptop or Computer
| 5,900 INR | 7,200 INR | 13,000 INR |
How do students spend their money in Chandigarh?
We asked thousands of students about their spending habits and expenditure break down.
Housing and accomodation expenditure for students
Accomodation Cost15%
15% of total expenses on average (10% to 21%)
| LOW | $12 1,000 INR |
| AVERAGE | $82 6,800 INR |
| HIGH | $550 45,000 INR |
| Per Month |
Students in Chandigarh typically spend from 10% to 21% of their total monthly expenditure on housing with 15% being the average. The average monthly spend on housing is 6,800 INR with expenditure ranging from 1,000 INR to 45,000 INR. This cost mainly goes for rent but it also includes other accommodation-related expenses.
Electricity, utilities, energy, water, internet, and mobile expenditure for students
Cost of utilities7%
7% of total expenses on average (5% to 11%)
| LOW | $2.1 170 INR |
| AVERAGE | $14 1,100 INR |
| HIGH | $91 7,600 INR |
| Per Month |
Utility expenditure like electricity, water, and gas in Chandigarh ranges from 5% to 11% of total expenses with 7% being the average for most students. The average monthly cost of utilities is 1,100 INR with 170 INR and 7,600 INR being the upper and lower limits for a student of four.
Transport, fuel, and commute expenditure for students
Cost of transport and fuel3%
3% of total expenses on average (3% to 9%)
| LOW | $3.6 300 INR |
| AVERAGE | $24 2,000 INR |
| HIGH | $160 13,000 INR |
| Per Month |
Fuel consumption and cost of transport depend heavily on whether a student resides near school and work, but roughly speaking a student would expect to spend from 300 INR to 13,000 INR in a month on commuting with 2,000 INR being the norm for most students. This means that money spent on transport constitutes about 3% of total spending on average but can go as low as 3% or as high as 9%.
Food, groceries, and basic shopping expenditure for students
Food and Groceries Cost24%
24% of total expenses on average (18% to 28%)
| LOW | $10 850 INR |
| AVERAGE | $68 5,700 INR |
| HIGH | $460 38,000 INR |
| Per Month |
The average outlay on groceries and basic houshold items for a typical student in a month in Chandigarh is 5,700 INR. The cost of groceries can range between 850 INR to 38,000 INR. Students spend on average about 24% on food and groceries with upper and lower bounds of 18% and 28% respectively.
Healthcare and medical services expenditure for students
Cost of healthcare10%
10% of total expenses on average (7% to 13%)
| LOW | $3.1 250 INR |
| AVERAGE | $21 1,700 INR |
| HIGH | $140 11,000 INR |
| Per Month |
Students in Chandigarh allocate 7% to 13% 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 10%. The range of medical expenses range from 250 INR to 11,000 INR with 1,700 INR being the norm for most students.
Leisure and shopping expenditure for students
Cost of leisure and shopping2%
2% of total expenses on average (1% to 6%)
| LOW | $2.6 210 INR |
| AVERAGE | $17 1,400 INR |
| HIGH | $110 9,400 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 210 INR to 9,400 INR with 1,400 INR being the average. Speaking of percentages, that equates to 1% to 6% of total expenses with an average of 2% for most students.
Education and schooling expenditure for students
Cost of education and schooling18%
18% of total expenses on average (11% to 23%)
| LOW | $9.7 810 INR |
| AVERAGE | $65 5,400 INR |
| HIGH | $430 36,000 INR |
| Per Month |
Spending on education can vary drastically between different students. On average, education constitutes 18% of the monthly expenditure of students with 11% and 23% being the lower and upper bounds respectively. The average reported education cost is 5,400 INR per month with 810 INR being the minimum spent amount and 36,000 INR being the maximum.
Other Expenses20%
20% of total expenses on average (14% to 26%)
| LOW | $7.7 640 INR |
| AVERAGE | $51 4,300 INR |
| HIGH | $340 28,000 INR |
| Per Month |
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 Chandigarh
Income and cost of living compatibility
We asked students one simple question and recorded their answers.
Is it affordable or economical to live in Chandigarh?
Around 40% of surveyed students think that living in Chandigarh is affordable with proper budgeting while 60% reported that it is just too expensive and not affordable even with frugality and thriftness.
Low-cost alternatives in Chandigarh
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 students how easily cost-cutting is and the answers were distributed as follows:
Plenty of low-cost options46%
Few low-cost options54%
Based on the survey, 46% of the students living in Chandigarh have no problem finding low-cost alternatives to support a frugal lifestyle while 54% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.
Emergency Funds For Students
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 students of Chandigarh whether they have an emergency fund and the answers were as follows.
Yes40%
No60%
Based on the survey, 60% of the students living in Chandigarh said that they don't have an emergency fund while 40% 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 student guardians and parents in Chandigarh 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 students 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%
Housing costs, accommodation, and housing affordability in Chandigarh
Rental costs and house/apartment prices can vary drastically between different areas and locations.
Rent Cost in Chandigarh
Monthly Rent Prices
Studio apartment monthly rent cost
| 4,600 INR | 6,900 INR | 18,000 INR |
1-bedroom apartment monthly rent cost
| 6,900 INR | 11,000 INR | 28,000 INR |
2-bedroom apartment monthly rent cost
| 9,200 INR | 14,000 INR | 37,000 INR |
3-bedroom apartment monthly rent cost
| 11,000 INR | 18,000 INR | 50,000 INR |
Furnished apartment monthly rent cost
| 22,000 INR | 55,000 INR | 110,000 INR |
Townhouse monthly rent cost
| 18,000 INR | 28,000 INR | 79,000 INR |
House monthly rent cost
| 22,000 INR | 55,000 INR | 110,000 INR |
Villa monthly rent cost
| 28,000 INR | 69,000 INR | 110,000 INR |
The monthly rental cost of a studio apartment in Chandigarh ranges between 4,600 INR and 18,000 INR, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 6,900 INR to 28,000 INR. Two-bedroom rentals rate ranges between 9,200 INR and 37,000 INR per month. The monthly rental for a three-bedroom apartment ranges from 11,000 INR to 50,000 INR. The average rent of a townhouse in Chandigarh is around 28,000 INR while house rental costs can be as high as 55,000 INR per month. Finally, if you want to rent a villa, expect to pay anywhere from 28,000 INR to 110,000 INR per month.
Apartment and house prices in Chandigarh
Cost of buying a property
Studio apartment price
| 920,000 INR | 1.4M INR | 2.8M INR |
1-bedroom apartment price
| 1.1M INR | 1.8M INR | 6.9M INR |
2-bedroom apartment price
| 1.8M INR | 5.5M INR | 11M INR |
3-bedroom apartment price
| 6.1M INR | 9.2M INR | 28M INR |
| $74,000 | $110,000 | $330,000 |
Townhouse price
| $95,000 | $220,000 | $830,000 |
House price
| $110,000 | $660,000 | $950,000 |
Villa price
The average price of a studio apartment in Chandigarh can range from 920,000 INR to 2.8M INR depending on location. One bedroom cost can be anywhere from 1.1M INR to 6.9M INR. A villa can cost you 61M INR on average with prices ranging from 11M INR to 92M INR.
If you're leasing or purchasing, housing costs in Chandigarh 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
| 27 | x77 monthly income | 161 |
Property prices in Chandigarh can be x77 to x161 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x77 multiples of the average monthly salary in Chandigarh.
Rent to income ratio
Rent to income ratio
( monthly rental / monthly income ) x 100
The average rent-to-income ratio in Chandigarh is around 24%. This means that people pay 24% of their income for rent. Those figures can range from 16% to 32% 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
22% 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.
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.
| 85 INR | 1,100 INR | 11,000 INR |
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 Chandigarh
Utilities expenditure can vary slightly between different areas and locations.
Energy, electricity, water, gas, internet, and mobile cost in Chandigarh
Utility Bill Cost / Electricity + Water + Gas / Student
| 170 INR | 1,100 INR | 7,600 INR |
Internet and cable cost
Mobile phone bill and charges
| 260 INR | 430 INR | 1,300 INR |
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 students is around 1,100 INR. The cost of internet and WiFi ranges from 320 INR to 860 INR with 640 INR being the average internet bill. Finally, the average monthly mobile charges is around 430 INR but can range between 260 INR and 1,300 INR depending on consumption. Mobile charges include both calling minutes as well as data packages.
Energy / Utility expense to income ratio
( monthly utility expenses / monthly income ) x 100
The average utility-to-income ratio in Chandigarh is around 4.9%. This means that people pay 4.9% of their income for energy, water, internet, and mobile charges. Those figures can range from 2.4% to 8.2% depending on salary and location.
Food Prices, Dining Expenses, and Grocery Costs in Chandigarh
Grocery / Food expenditure and prices can vary drastically between different areas and locations.
Prices and cost of goods and services in Chandigarh
Dining out, food, and beverages costs. Price variations for common food items.
Fast food combo meal price
The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Chandigarh is approximatly 130 INR with meal cost ranging from 64 INR to 210 INR. The typical combo meal consists of a burger, french fries, and a drink.
Restaurant meal for one price
If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 200 INR and 600 INR with 300 INR being the average price of a plate for one person at a regular restaurant in Chandigarh.
Fine dining meal for one price
| 400 INR | 600 INR | 2,400 INR |
The price range of a meal at fine-dining restaurant is 400 INR to 2,400 INR with the average cost being 600 INR for one person. This is what you would expect to pay a top-tier diner in Chandigarh.
Beverage prices, cappuccino, latte etc..
The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Chandigarh is around 86 INR. Price ranges between 54 INR and 130 INR depending on the type of beverage, the size, and optional add-ons.
Grocery and market costs
Large bottle of milk price
The average price of a large bottle of milk in Chandigarh is 52 INR. The maximum what you would pay for milk is 64 INR and the minimum being 43 INR depending on the brand of milk and other properties.
12 eggs price
A dozen eggs costs around 43 INR on average with 32 INR and 64 INR being the lower and upper limits respectively.
Fresh whole chicken price
The price range of a fresh whole chicken in Chandigarh is between 73 INR and 130 INR depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 95 INR.
Pack of beef price
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
A bag of rice in Chandigarh costs around 47 INR on average with prices rangeing between 35 INR and 67 INR depending on the brand and quality.
Bag of tomatos price
A bag of tomatoes costs anywhere from 13 INR to 32 INR. A bag of tomatoes denotes 1Kg or 1lb depending on location.
Bag of apples price
A bag of apples costs 30 INR on average. A bag of apples denotes 1Kg or 1lb depending on location.
Grocery and food expenditure to income ratio
( monthly grocery expenses / monthly income ) x 100
The average grocery-to-income ratio in Chandigarh is around 22%. This means that students spend 22% of their income on grocery and basic household items. The expenditure can range from 16% to 27% depending on salary and location.
Expenditure on food and grocery for students
Students' spending on grocery ranges from 850 INR to 38,000 INR with the location, income, and size of the student being the most determinite factors.
