Can You Survive on 20-23K per Month in Bangalore?

The question of whether a 20-23K salary can support a fresher in Bangalore, especially in 2021, is a common concern. In this article, we will explore the cost of living in Bangalore, discuss several factors to consider, and offer insights on how to make the most of the starting salary.

Cost of Living in Bangalore 2021

Housing: Rent is often the largest expense. For a fresh graduate, a one-bedroom apartment in a decent area can range from ?10,000 to ?25,000 or more. If you share accommodation, you can find something for around ?5,000 to ?10,000.

Utilities: Monthly utilities such as electricity, water, and internet can cost around ?2,000 to ?4,000.

Food: If you eat out, costs can quickly add up. However, if you cook at home, your monthly grocery bill might be ?2,500 to ?4,000.

Transportation: Public transport is relatively affordable, but budgeting around ?1,500 to ?3,000 should cover the costs of using buses or the metro.

Miscellaneous Expenses: This includes entertainment, shopping, and other personal expenses which can vary widely. Budgeting ?2,000 to ?5,000 is advisable.

Total Estimated Monthly Expense

Depending on your lifestyle and choices, your total estimated monthly expenses can range from ?20,000 to ?40,000.

Salary Consideration: If your salary is on the lower end of ?20,000, it may be challenging to cover all expenses comfortably, especially if you need to pay for rent alone.

Conclusion

Considering these factors, if you feel that the salary is not sufficient to meet your needs or if you have other job opportunities that may offer better compensation, it may be worth considering waiting for a better opportunity. However, if you can find a way to manage your expenses and are eager to start your career, accepting the job could also be a viable option. It might also provide you with valuable experience and networking opportunities.

In 2023

The situation in 2023 has evolved, and a starting salary of ?3 LPA to ?4 LPA is decent to survive in Bengaluru. However, factors such as cost of living and financial habits may still pose challenges.

Key Expenses:

Surviving comfortably in shared accommodation or with a relative, ideally without a personal vehicle, and living not far from the workplace can significantly help manage the monthly budget.

If you are among the many people in Bangalore surviving on ?10–15K per month, consider yourself lucky. Your starting job in 2023 can still offer significant opportunities and financial stability.