Cost of Living in Gurgaon For Students, Couples, Families & More

Cost of Living in Gurgaon for Students

Students living alone must consider the following expenses to calculate the average cost of living in Gurgaon.

1. Rent

The cost of renting a 1 BHK flat in Gurgaon may range from Rs. 7,000 to Rs. 25,000. You may divide the rent by sharing the apartment with a fellow student. In that case, you will pay a rent of Rs. 3,500 to Rs. 12,500 per month.

2. Food/Groceries

Having meals at a restaurant or ordering food online is unhealthy and costs dearly. Instead, you can cook food at home or hire a maid at Rs. 2,000 – Rs. 3,000 monthly. Groceries cost will be extra. PGs costing Rs. 10,000 – Rs. 15,000 per month provide home-made food to students.

Also Read: Know About Expenses Covered By Your Education Loan

3. Transportation

When shifting to Gurgaon, look for a rental flat near your institution. Going on foot will not cost anything. However, transportation expenses may be incurred if you travel by rickshaw, auto, cab, metro, or bike.

4. School Fees

School fees in Gurgaon may range from Rs. 7,000 to Rs. 30,000, depending on your school’s fee structure. It may be even more or higher education.

5. Utilities (Electricity, Water, Gas, Internet)

The flat rent often does not include utility costs. They may consume around Rs. 10,000 from your monthly budget. However, you may ask for an inclusive package from your landlord that includes utilities.

6. Miscellaneous

Miscellaneous expenses may include maids, stationery, medical, entertainment, etc. Based on your lifestyle, they may cost around Rs. 3,000 per month.

Also Read: What Are the Alternatives to a Payday Loan?

Cost of Living in Gurgaon for a Bachelor

The average living cost in Gurgaon for bachelors and students is similar. These include the following:

1. Rent

The house rent depends on the size of the flat you choose. It may range from Rs. 8,000 to Rs. 25,000, which you can divide by sharing the flat with a colleague.

2. Utilities (Electricity, Heating, Cooling, Water, Garbage)

The utility costs like electricity, cooling, heating, water, garbage, etc., may cost Rs. 10,000 to Rs. 15,000, depending on your consumption. Ask for an inclusive package from your landlord. It may increase the rent but save you from multiple bill payments each month.

3. Transportation

Transportation costs vary based on the distance of your house from your office. You may commute by car, bike, metro, cab, auto, or rickshaw, affecting the monthly commuting costs.

Also Read: 3 Simple Steps to Save Money Effectively

4. Food/Groceries

The food and groceries costs range from Rs. 5,000 to Rs. 10,000, depending on your meal styles and cooking methods. Consider your maid’s salary if you hire one to cook food.

5. Gym or Fitness Membership

Whether you join a gym or fitness centre to lose weight, build muscle, or maintain a healthy body, the costs may range from Rs. 3,000 to Rs. 7,000, depending on your chosen package.

6. Entertainment and Miscellaneous Expenses

Gurgaon has ample entertainment mediums, including movies, amusement parks, nightclubs, etc. Other miscellaneous expenses include maid, dine-outs, clothing, styling, etc.

Also Read: Salary Advance Loan – Interest Rates, Features & Benefits

Cost of Living in Gurgaon for a Couple

Couples living in Gurgaon must be ready to pay for these Gurgaon living expenses:

1. Rent

Renting a 2 BHK flat in Gurgaon city centre would cost around Rs. 30,000 monthly. Opt for a flat outside the city centre to reduce the monthly rental cost to around Rs. 22,000.

2. Utilities (Electricity, Heating, Cooling, Water, Garbage)

The utility costs are higher for couples than for bachelors. When adding together the electricity, cooling, heating, water, and garbage costs, be ready to pay around Rs. 12,000 to 15,000 per month.

3. Transportation

The transportation costs may be higher if both partners go to work in different directions. Depending on their transportation mode, the costs may range from Rs. 7,000 to Rs. 15,000.

Also Read: How To Manage Your Finances Better While Studying Abroad?

4. Food/Groceries

The food and grocery costs are also higher for couples. They may range from Rs. 10,000 to Rs. 15,000 per month.

5. School Fees (for Children)

Couples living in Gurgaon must also consider their children's school fees. It may vary based on their school and its fee structure. Factor in the costs of transportation as well. Be ready to shell out around Rs. 20,000 per month.

6. Entertainment and Miscellaneous

Miscellaneous costs include household goods, furnishing, medical expenses, maids, children's daycare, etc. Entertainment costs include trips to nightclubs, amusement parks, movies, dine-outs, etc. Added together, they may cost around Rs. 10,000 per month.

Also Read: Benefits of Early Financial Planning for Your Children

Cost of Living in Gurgaon for a Family

The cost of living in Gurgaon depends on the size of the family and their lifestyle needs. These include the following for a family of 4-6 persons:

1. Rent

A 3 BHK flat in Gurgaon city centre may cost around Rs. 50,000. You may get a 3BHK flat outside the city centre for a monthly rent of around Rs. 35,000. You may also opt for a 4 BHK flat at Rs. 70,000 in the city centre and Rs. 45,000 outside the city centre.

2. Utilities (Electricity, Heating, Cooling, Water, Garbage)

The utility charges may range from Rs. 25,000 to Rs. 35,000 per month, depending on the family size and lifestyle needs. These include electricity, heating, cooling, water, garbage, etc. However, some flat owners may also offer an inclusive package to avoid multiple bill payments separately.

3. Transportation

The transportation costs may vary based on the family size and number of family members going out for work or education. For a family of four, with the couple going out for work and the children going out for education, the monthly transportation cost may add up to Rs. 15,000 per month.

Also Read: How To Manage Funds When Switching Jobs?

4. Food/Groceries

Food and groceries for a family of 4-6 may range from Rs. 20,000 to Rs. 25,000, based on the lifestyle. The cost may increase for bigger families and decrease for smaller families.

5. School Fees (for Children)

The education cost depends on the number of children studying in the family, their school’s fee structure, education standard, and their school’s distance from home. 

6. Entertainment and Miscellaneous

Entertainment and miscellaneous costs may include movies, parties, get-togethers, household expenses, furnishings, cable TV, gifts, etc. Put aside around Rs. 10,000 to Rs. 15,000 per month for such Gurgaon living expenses.

How Can a Personal Loan Help Manage Living Costs in Gurgaon?

You can cover various Gurgaon living expenses with a Personal Loan from Hero FinCorp. It helps manage the cost of living in Gurgaon in the following ways:

• Ample loan amount of up to Rs 3 Lakh to cover multiple expenses
• Attractive Personal Loan interest rate is 25% per annum to control living expenses
• No usage restrictions, giving you the freedom to cover various costs
• Flexible repayment terms of up to 36 months to keep EMIs easily manageable
• Easy eligibility and minimal documentation requirements
• 100% digital procedure that makes a Personal Loan easily accessible through the loan app

Also Read: What Life Goals Can You Achieve After Using Personal Loan

How to Apply for a Personal Loan Online?

Are you planning to apply for a Personal Loan to cover the cost of living in Gurugram? Follow these steps to apply for one through Hero FinCorp:

• Evaluate your loan requirement.
• Calculate your EMIs using the Personal Loan EMI Calculator.
• Visit on the Hero FinCorp website or download an instant personal loan app.
• Fill out the required details – KYC.
• Provide the necessary documents: identity, address and income.
• Review and accept the loan offer.
• Get disbursal in a few hours.

Conclusion

Anxious to move to Gurgaon in the next few months? Are you worried about the average cost of living in Gurgaon? You can easily cover them with a Personal Loan from Hero FinCorp without usage restrictions. Apply for one online and choose the best loan plan according to your repayment capacity.

Frequently Asked Questions

1. Is it expensive to live in Gurgaon?

The cost of living in Gurugram is similar to that in Delhi. However, it may save you transportation costs if you study or work in Gurgaon and must commute there daily.

2. What salary is needed to live comfortably in Gurgaon?

A salary of Rs. 60,000 to Rs. 80,000 for a single and Rs. 70,000 to Rs. 1.5 Lakh for a working couple is enough to live comfortably in Gurgaon while managing expenses and saving for the future.

3. Is Gurgaon a good place to settle?

Great infrastructure, access to ample employment and education opportunities, and direct connectivity to Delhi make Gurgaon a good place to settle.

4. Is it advisable to take a Personal Loan for relocation to Gurgaon?

Personal Loan is one of the best funding options for relocation to Gurgaon. Apart from covering the shifting costs, you can also cover various Gurgaon living expenses with the loan. 

5. Can a Personal Loan be used to improve the quality of life in Gurgaon?

A Personal Loan comes with a reasonable interest rate, flexible repayment terms, and no end-use restrictions, allowing you to improve your quality of life in Gurgaon.

Disclaimer- The content provided in this document is for informational purposes only. It offers insights regarding cost of living in Gurgaon, the potential benefits, and various aspects affecting the same. The information is based on general knowledge and industry research. The costs provided are only an approximation, and the actual expenses may vary depending on your way of living and the circumstances surrounding it.