Cost Of Living For a Student in Chhatisgarh 2024

Average monthly spending for students in Chhatisgarh

How much money does a student need in a month to survive in Chhatisgarh?

Students in Chhatisgarh spend around 35,000 INR per month on average. Depending on the lifestyle, a student can survive with a monthly budget as low as 5,300 INR or as high as 240,000 INR. Location is a very important factor and has a huge influence on expenditure and budget.

How do students spend their money in Chhatisgarh?

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

Housing and accomodation expenditure for students

Students in Chhatisgarh typically spend from 12% to 23% of their total monthly expenditure on housing with 17% being the average. The average monthly spend on housing is 8,500 INR with expenditure ranging from 1,300 INR to 56,000 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

Utility expenditure like electricity, water, and gas in Chhatisgarh ranges from 5% to 11% of total expenses with 7% being the average for most students. The average monthly cost of utilities is 1,400 INR with 210 INR and 9,400 INR being the upper and lower limits for a student of four.

Transport, fuel, and commute expenditure for students

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 370 INR to 16,000 INR in a month on commuting with 2,500 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 4% or as high as 9%.

Food, groceries, and basic shopping expenditure for students

The average outlay on groceries and basic houshold items for a typical student in a month in Chhatisgarh is 7,100 INR. The cost of groceries can range between 1,100 INR to 47,000 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

Students in Chhatisgarh 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 320 INR to 14,000 INR with 2,100 INR being the norm for most students.

Leisure and shopping expenditure for students

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 260 INR to 12,000 INR with 1,800 INR being the average. Speaking of percentages, that equates to 2% to 6% of total expenses with an average of 2% for most students.

Education and schooling expenditure for students

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 6,700 INR per month with 1,000 INR being the minimum spent amount and 45,000 INR being the maximum.

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

Affordable living in Chhatisgarh

Income and cost of living compatibility

We asked students one simple question and recorded their answers.

Is it affordable or economical to live in Chhatisgarh?

Around 50% of surveyed students think that living in Chhatisgarh is affordable with proper budgeting while 50% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Chhatisgarh

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 options57%

Few low-cost options43%

Based on the survey, 57% of the students living in Chhatisgarh have no problem finding low-cost alternatives to support a frugal lifestyle while 43% 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 Chhatisgarh whether they have an emergency fund and the answers were as follows.

Yes50%

No50%

Based on the survey, 50% of the students living in Chhatisgarh said that they don't have an emergency fund while 50% 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 Chhatisgarh 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 Chhatisgarh

Rent Cost in Chhatisgarh

Monthly Rent Prices

Studio apartment monthly rent cost

5,700 INR

8,600 INR

23,000 INR

MINIMUM

AVERAGE

MAXIMUM

$69

$100

$280

1-bedroom apartment monthly rent cost

8,600 INR

14,000 INR

34,000 INR

MINIMUM

AVERAGE

MAXIMUM

$100

$170

$410

2-bedroom apartment monthly rent cost

11,000 INR

17,000 INR

46,000 INR

MINIMUM

AVERAGE

MAXIMUM

$140

$210

$550

3-bedroom apartment monthly rent cost

14,000 INR

23,000 INR

62,000 INR

MINIMUM

AVERAGE

MAXIMUM

$170

$280

$750

Furnished apartment monthly rent cost

27,000 INR

69,000 INR

140,000 INR

MINIMUM

AVERAGE

MAXIMUM

$330

$830

$1,700

Townhouse monthly rent cost

23,000 INR

34,000 INR

98,000 INR

MINIMUM

AVERAGE

MAXIMUM

$280

$410

$1,200

House monthly rent cost

27,000 INR

69,000 INR

140,000 INR

MINIMUM

AVERAGE

MAXIMUM

$330

$830

$1,700

Villa monthly rent cost

34,000 INR

86,000 INR

140,000 INR

MINIMUM

AVERAGE

MAXIMUM

$410

$1,000

$1,700

The monthly rental cost of a studio apartment in Chhatisgarh ranges between 5,700 INR and 23,000 INR, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 8,600 INR to 34,000 INR. Two-bedroom rentals rate ranges between 11,000 INR and 46,000 INR per month. The monthly rental for a three-bedroom apartment ranges from 14,000 INR to 62,000 INR. The average rent of a townhouse in Chhatisgarh is around 34,000 INR while house rental costs can be as high as 69,000 INR per month. Finally, if you want to rent a villa, expect to pay anywhere from 34,000 INR to 140,000 INR per month.

Apartment and house prices in Chhatisgarh

Cost of buying a property

Studio apartment price

1.1M INR

1.7M INR

3.4M INR

MINIMUM

AVERAGE

MAXIMUM

$14,000

$21,000

$41,000

1-bedroom apartment price

1.4M INR

2.3M INR

8.6M INR

MINIMUM

AVERAGE

MAXIMUM

$17,000

$28,000

$100,000

2-bedroom apartment price

2.3M INR

6.9M INR

14M INR

MINIMUM

AVERAGE

MAXIMUM

$28,000

$83,000

$170,000

3-bedroom apartment price

7.6M INR

11M INR

34M INR

MINIMUM

AVERAGE

MAXIMUM

$92,000

$140,000

$410,000

Townhouse price

9.8M INR

23M INR

86M INR

MINIMUM

AVERAGE

MAXIMUM

$120,000

$280,000

$1M

House price

11M INR

69M INR

98M INR

MINIMUM

AVERAGE

MAXIMUM

$140,000

$830,000

$1.2M

Villa price

14M INR

76M INR

110M INR

MINIMUM

AVERAGE

MAXIMUM

$170,000

$920,000

$1.4M

The average price of a studio apartment in Chhatisgarh can range from 1.1M INR to 3.4M INR depending on location. One bedroom cost can be anywhere from 1.4M INR to 8.6M INR. A villa can cost you 76M INR on average with prices ranging from 14M INR to 110M INR.

House / apartment prices to income ratio

Property prices in Chhatisgarh can be x95 to x200 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x95 multiples of the average monthly salary in Chhatisgarh.

Rent to income ratio

The average rent-to-income ratio in Chhatisgarh is around 29%. This means that people pay 29% of their income for rent. Those figures can range from 19% to 40% depending on the salary, location, and type of property.

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.

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.

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 Chhatisgarh

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

Utility Bill Cost / Electricity + Water + Gas / Student

210 INR

1,400 INR

9,400 INR

MINIMUM

AVERAGE

MAXIMUM

$2.6

$17

$110

Internet and cable cost

340 INR

680 INR

900 INR

MINIMUM

AVERAGE

MAXIMUM

$4.1

$8.2

$11

Mobile phone bill and charges

270 INR

450 INR

1,400 INR

MINIMUM

AVERAGE

MAXIMUM

$3.3

$5.5

$16

The average monthly energy and water consumption of students is around 1,400 INR. The cost of internet and WiFi ranges from 340 INR to 900 INR with 680 INR being the average internet bill. Finally, the average monthly mobile charges is around 450 INR but can range between 270 INR and 1,400 INR depending on consumption. Mobile charges include both calling minutes as well as data packages.

Energy / Utility expense to income ratio

The average utility-to-income ratio in Chhatisgarh is around 6.1%. This means that people pay 6.1% of their income for energy, water, internet, and mobile charges. Those figures can range from 3% to 10% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Chhatisgarh

Prices and cost of goods and services in Chhatisgarh

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

Fast food combo meal price

68 INR

140 INR

230 INR

MINIMUM

AVERAGE

MAXIMUM

$0.82

$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 Chhatisgarh is approximatly 140 INR with meal cost ranging from 68 INR to 230 INR. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

230 INR

340 INR

680 INR

MINIMUM

AVERAGE

MAXIMUM

$2.7

$4.1

$8.2

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 230 INR and 680 INR with 340 INR being the average price of a plate for one person at a regular restaurant in Chhatisgarh.

Fine dining meal for one price

450 INR

680 INR

2,700 INR

MINIMUM

AVERAGE

MAXIMUM

$5.5

$8.2

$33

The price range of a meal at fine-dining restaurant is 450 INR to 2,700 INR with the average cost being 680 INR for one person. This is what you would expect to pay a top-tier diner in Chhatisgarh.

Beverage prices, cappuccino, latte etc..

57 INR

90 INR

140 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 Chhatisgarh is around 90 INR. Price ranges between 57 INR and 140 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

68 INR

MINIMUM

AVERAGE

MAXIMUM

$0.55

$0.65

$0.82

The average price of a large bottle of milk in Chhatisgarh is 54 INR. The maximum what you would pay for milk is 68 INR and the minimum being 45 INR depending on the brand of milk and other properties.

12 eggs price

34 INR

45 INR

68 INR

MINIMUM

AVERAGE

MAXIMUM

$0.41

$0.55

$0.82

A dozen eggs costs around 45 INR on average with 34 INR and 68 INR being the lower and upper limits respectively.

Fresh whole chicken price

77 INR

100 INR

140 INR

MINIMUM

AVERAGE

MAXIMUM

$0.93

$1.2

$1.7

The price range of a fresh whole chicken in Chhatisgarh is between 77 INR and 140 INR depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 100 INR.

Pack of beef price

90 INR

140 INR

270 INR

MINIMUM

AVERAGE

MAXIMUM

$1.1

$1.6

$3.3

The price of a regular pack of beef or meat is around 140 INR. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

36 INR

50 INR

71 INR

MINIMUM

AVERAGE

MAXIMUM

$0.44

$0.60

$0.85

A bag of rice in Chhatisgarh costs around 50 INR on average with prices rangeing between 36 INR and 71 INR depending on the brand and quality.

Bag of tomatos price

14 INR

18 INR

34 INR

MINIMUM

AVERAGE

MAXIMUM

$0.16

$0.22

$0.41

A bag of tomatoes costs anywhere from 14 INR to 34 INR. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

24 INR

32 INR

52 INR

MINIMUM

AVERAGE

MAXIMUM

$0.29

$0.38

$0.63

A bag of apples costs 32 INR on average. A bag of apples denotes 1Kg or 1lb depending on location.

Grocery and food expenditure to income ratio

The average grocery-to-income ratio in Chhatisgarh is around 27%. This means that students spend 27% of their income on grocery and basic household items. The expenditure can range from 19% to 34% depending on salary and location.

Expenditure on food and grocery for students