All posts tagged: monthly expenses

IIT scholar says living a minimalist life in NCR costs ₹85-95k a month for 2 people, sparks discussion

IIT scholar says living a minimalist life in NCR costs ₹85-95k a month for 2 people, sparks discussion

Published by Parlour News

Rising rents, expensive housing societies, growing maintenance charges and increasing daily expenses have frequently sparked discussions online about the cost of living in Delhi-NCR. From Gurgaon to Noida, many residents say managing monthly expenses has become increasingly difficult, especially for middle-class families trying to balance rent, commute, groceries and savings. Amid this, a post by an IIT PhD scholar questioning how couples survive in NCR on salaries below ₹1 lakh per month has gone viral on X. The post sparked a discussion, with several users sharing their own experiences of living expenses in Delhi-NCR. (Pexels/Representational Image) “Cost of living in NCR is insane. I am not able to crunch numbers how a couple can live within 50-60k a month,” wrote Mishra Dev, a PhD scholar at IIT. Dev said that even while living a minimalist lifestyle, he estimated the “bare minimum” monthly expenses for two people in NCR to be between ₹85,000 and ₹95,000. “I am kind of a minimalist and cost of living a bare minimum life is 85-95k each month for two,” he …

Gurgaon man breaks down ₹90,000 monthly spending: ‘I don’t party, but adulting is one long bill’

Gurgaon man breaks down ₹90,000 monthly spending: ‘I don’t party, but adulting is one long bill’

Published by Parlour News

A Gurgaon-based professional has sparked conversation online after detailing his monthly expenses while living alone in the city. Shivank Goel, a 25-year-old product manager, took to Instagram to share a candid breakdown of his spending, offering a glimpse into the realities of urban life for young professionals. A Gurgaon man revealed he spent ₹90,000 in a month living alone and said adulting in big cities felt expensive. (Instagram/thezeroquotient) (Also read: ₹8-10 crore ensures a good life, says billionaires aren’t much different”>Gurgaon man argues ₹8-10 crore ensures a good life, says billionaires aren’t much different) In the video, he says, “Here’s how much money I spent in a month as a 25-year-old Product Manager living alone in Gurgaon. I live in a 2BHK and the rent is 18,000 Rs. Honestly a steal for this city. 2,000 Rs. for house help and 1,000 Rs. for electricity. Subscriptions, Wi-Fi, and my phone bill average out to 3,000 Rs. Commute and food? 0 Rs. because I survive on office meals and cabs. There’s a reason I romanticize my 9-5.” …

Monthly Household Consumption Expenditure Data Released Afer 11 Years Shows Sharper Rise In Rural Consumption

Published by Webster

The average per capita MPCE in 2022-23 was Rs 3,773 in rural India and Rs 6,459 in urban areas. (File) New Delhi: The average monthly expenses in rural and urban households have narrowed in the past two decades with a sharp rise in rural consumption, shows a key expenditure data released after a gap of 11 years. The average per capita Monthly Household Consumption Expenditure (MPCE) in 2022-23 was Rs 3,773 in rural India and Rs 6,459 in urban areas. The gap in rural and urban expenses reduced to 71.2% from 83.9% in 2011-12, 88.2% in 2009-10, and 90.8% in 2004-05. In 18 years, the average MPCE in rural areas increased over six times, higher than in the urban areas, shows a factsheet on the Ministry of Statistics website. In 2004-05, the expenditure was Rs 579 in rural and Rs 1,105 in urban, which indicates a 552% growth in rural and 484% in urban areas. The Household Consumption Expenditure Survey (HCES) was conducted between August 2022 and July 2023. The data is key in assessing …