Cost Of Living For a Student in Ludhiana 2024
Average Monthly Expenditure
Currency: INR
Average monthly spending for students in Ludhiana
How much money does a student need in a month to survive in Ludhiana?
Students in Ludhiana spend around 30,000 INR per month on average. Depending on the lifestyle, a student can survive with a monthly budget as low as 4,500 INR or as high as 200,000 INR. Location is a very important factor and has a huge influence on expenditure and budget.
Prices and cost of goods and services in Ludhiana
Dining, food, and beverages costs
Fast food combo meal
Restaurant meal for one
Fine dining meal for one
| 410 INR | 610 INR | 2,500 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
| 390 INR | 580 INR | 1,200 INR |
Utility cost (monthly)
Utility Bill - Student
| 180 INR | 1,200 INR | 8,000 INR |
Internet and cable
Mobile phone charges
| 260 INR | 430 INR | 1,300 INR |
Leisure and activities costs
Movie ticket
One month gym membership
| 470 INR | 580 INR | 1,200 INR |
Cloths and accessories costs
Pair of jeans or pants
Woman dress
| 320 INR | 450 INR | 1,500 INR |
Woman shoes
Men's shoes
Men suit
| 290 INR | 360 INR | 1,900 INR |
Regular t-shirt
Housing costs / monthly rent
Studio apartment
| 4,900 INR | 7,300 INR | 19,000 INR |
1-bedroom apartment
| 7,300 INR | 12,000 INR | 29,000 INR |
2-bedroom apartment
| 9,700 INR | 15,000 INR | 39,000 INR |
Housing costs / Buying
Studio apartment
| 970,000 INR | 1.5M INR | 2.9M INR |
1-bedroom apartment
| 1.2M INR | 1.9M INR | 7.3M INR |
2-bedroom apartment
| 1.9M INR | 5.8M INR | 12M 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 Ludhiana?
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 | $13 1,100 INR |
| AVERAGE | $87 7,200 INR |
| HIGH | $580 48,000 INR |
| Per Month |
Students in Ludhiana 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 7,200 INR with expenditure ranging from 1,100 INR to 48,000 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 | $2.2 180 INR |
| AVERAGE | $15 1,200 INR |
| HIGH | $97 8,000 INR |
| Per Month |
Utility expenditure like electricity, water, and gas in Ludhiana ranges from 5% to 11% of total expenses with 7% being the average for most students. The average monthly cost of utilities is 1,200 INR with 180 INR and 8,000 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 | $3.8 320 INR |
| AVERAGE | $25 2,100 INR |
| HIGH | $170 14,000 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 320 INR to 14,000 INR in a month on commuting with 2,100 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 | $11 900 INR |
| AVERAGE | $73 6,000 INR |
| HIGH | $480 40,000 INR |
| Per Month |
The average outlay on groceries and basic houshold items for a typical student in a month in Ludhiana is 6,000 INR. The cost of groceries can range between 900 INR to 40,000 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 | $3.3 270 INR |
| AVERAGE | $22 1,800 INR |
| HIGH | $150 12,000 INR |
| Per Month |
Students in Ludhiana 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 270 INR to 12,000 INR with 1,800 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 | $2.7 230 INR |
| AVERAGE | $18 1,500 INR |
| HIGH | $120 10,000 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 230 INR to 10,000 INR with 1,500 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 | $10 860 INR |
| AVERAGE | $69 5,700 INR |
| HIGH | $460 38,000 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 5,700 INR per month with 860 INR being the minimum spent amount and 38,000 INR being the maximum.
Other Expenses20%
20% of total expenses on average (14% to 26%)
| LOW | $8.2 680 INR |
| AVERAGE | $54 4,500 INR |
| HIGH | $360 30,000 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 Ludhiana
Income and cost of living compatibility
We asked students one simple question and recorded their answers.
Is it affordable or economical to live in Ludhiana?
Around 42% of surveyed students think that living in Ludhiana is affordable with proper budgeting while 58% reported that it is just too expensive and not affordable even with frugality and thriftness.
Low-cost alternatives in Ludhiana
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 options48%
Few low-cost options52%
Based on the survey, 48% of the students living in Ludhiana 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 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 Ludhiana whether they have an emergency fund and the answers were as follows.
Yes42%
No58%
Based on the survey, 58% of the students living in Ludhiana said that they don't have an emergency fund while 42% 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 Ludhiana 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 Ludhiana
Rental costs and house/apartment prices can vary drastically between different areas and locations.
Rent Cost in Ludhiana
Monthly Rent Prices
Studio apartment monthly rent cost
| 4,900 INR | 7,300 INR | 19,000 INR |
1-bedroom apartment monthly rent cost
| 7,300 INR | 12,000 INR | 29,000 INR |
2-bedroom apartment monthly rent cost
| 9,700 INR | 15,000 INR | 39,000 INR |
3-bedroom apartment monthly rent cost
| 12,000 INR | 19,000 INR | 53,000 INR |
Furnished apartment monthly rent cost
| 23,000 INR | 58,000 INR | 120,000 INR |
Townhouse monthly rent cost
| 19,000 INR | 29,000 INR | 83,000 INR |
House monthly rent cost
| 23,000 INR | 58,000 INR | 120,000 INR |
Villa monthly rent cost
| 29,000 INR | 73,000 INR | 120,000 INR |
The monthly rental cost of a studio apartment in Ludhiana 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 Ludhiana 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 Ludhiana
Cost of buying a property
Studio apartment price
| 970,000 INR | 1.5M INR | 2.9M INR |
1-bedroom apartment price
| 1.2M INR | 1.9M INR | 7.3M INR |
2-bedroom apartment price
| 1.9M INR | 5.8M INR | 12M INR |
3-bedroom apartment price
| 6.5M INR | 9.7M INR | 29M INR |
| $78,000 | $120,000 | $350,000 |
Townhouse price
| $100,000 | $230,000 | $880,000 |
House price
Villa price
The average price of a studio apartment in Ludhiana 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 Ludhiana 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 |
Property prices in Ludhiana 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 Ludhiana.
Rent to income ratio
Rent to income ratio
( monthly rental / monthly income ) x 100
The average rent-to-income ratio in Ludhiana 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.
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 |
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 Ludhiana
Utilities expenditure can vary slightly between different areas and locations.
Energy, electricity, water, gas, internet, and mobile cost in Ludhiana
Utility Bill Cost / Electricity + Water + Gas / Student
| 180 INR | 1,200 INR | 8,000 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 1,200 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 Ludhiana 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 Ludhiana
Grocery / Food expenditure and prices can vary drastically between different areas and locations.
Prices and cost of goods and services in Ludhiana
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 Ludhiana 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 610 INR with 310 INR being the average price of a plate for one person at a regular restaurant in Ludhiana.
Fine dining meal for one price
| 410 INR | 610 INR | 2,500 INR |
The price range of a meal at fine-dining restaurant is 410 INR to 2,500 INR with the average cost being 610 INR for one person. This is what you would expect to pay a top-tier diner in Ludhiana.
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 Ludhiana 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 Ludhiana 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 Ludhiana 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 Ludhiana 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 Ludhiana is around 23%. This means that students 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 students
Students' spending on grocery ranges from 900 INR to 40,000 INR with the location, income, and size of the student being the most determinite factors.
