Family of four estimated monthly costs are 1,137$ (83,831₹) without rent. A single person estimated monthly costs are 326$ (24,046₹) without rent. Cost of living in India is, on average, 64.88% lower than in United States.
How much should a family of 4 spend a month?
Average Monthly Expenses for a Family of 4
Food will cost $908 monthly, transportation will cost $589, and health care will be around $1,238. Taxes will be approximately $1,958 monthly. Other necessities cost $1,088, and childcare will cost you $2,773.
What is a reasonable budget for a family of 4?
A family of four, including partners between the ages of 19 and 50 years old and two children between the ages of 2 and 5 years old, can spend around $890 a month ($10,680 per year), and partners with kids between the ages of 6 and 11 years old can spend $1,062 per month ($12,744), according to the United States …
How much is a Coke in India?
Cost of Living in India
|Coke/Pepsi (12 oz small bottle)||33.84₹|
|Water (12 oz small bottle)||15.07₹|
|Milk (regular), (1 gallon)||193.52₹|
What is good salary India?
A person working in India typically earns around 31,900 INR per month. Salaries range from 8,080 INR (lowest average) to 143,000 INR (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.
Can a family of 4 live on 100k a year?
Yes, a family of 4 can live on 100k per year. The average household income in the United States is approximately 73k according to the US Census Bureau. … Keep reading to see how the average costs of living in the United States match up to a 100k per year income for a family of four.
What is a reasonable monthly budget?
What is a monthly budget? … A good monthly budget should follow the 50/30/20 rule. According to this method, your monthly take-home income is divided into three categories: 50% for needs, 30% for wants and 20% for savings and debt repayment.
What are normal monthly expenses?
Necessities often include the following:
- Homeowners or renters insurance.
- Property tax (if not already included in the mortgage payment).
- Auto insurance.
- Health insurance.
- Out-of-pocket medical costs.
- Life insurance.
- Electricity and natural gas.
Is 3000 a month enough to live on?
$3,000 per month is not a good salary to live on. $36k per year is below the average household income of $63k. … The majority of a $36k salary will be consumed by normal living expenses, making it hard to build wealth. However, living on $3,000 per month is possible.
What is a sample budget?
A sample budget is a budget from another family that you can look over to help you create your own budget. This isn’t something that is discussed often, even amongst friends, so it’s really hard to see specifics of how others spend their money.
Is 120k a good household income?
Yes, a family making $120k is definitely middle class. 120k family means two people are making 60k before taxes. so after taxes they are looking at around 48k a year each. Add a kid on top of that or a student loan or two and you are no where near upper-middle class.
Which is the cheapest city in India?
Kochi’s low cost of living is another major appeal with estimated living costs of just 30,000 Rupees per month according to our research, making it one of the cheapest cities to live in India.
Is USA cheaper than India?
Living in India is 68.3% less expensive than in the USA. Rent prices in India are 85% lower than in the US. … India is much less expensive. My fixed expenses (rent, food, phone, utility, and other bills) cost between $557 and $652 a month.