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.
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.
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.
The food and grocery costs are also higher for couples. They may range from Rs. 10,000 to Rs. 15,000 per month.
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.
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.
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:
| Expense Category | Estimated Monthly Cost Range (Rs.)* |
|---|
| Rent | 3 BHK in City Centre: 50,000 3 BHK Outside City Centre: 35,000 4 BHK in City Centre: 70,000 4 BHK Outside City Centre: 45,000 |
| Utilities (Electricity, Heating, Cooling, Water, Garbage) | 25,000 - 35,000 |
| Transportation | 15,000 |
| Food/Groceries | 20,000 - 25,000 |
| School Fees (for Children) | Depends on school fee structure and distance |
| Entertainment and Miscellaneous | 10,000 - 15,000 |
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 5 Lakh to cover multiple expenses
- Attractive Personal Loan interest rate is 21% 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.
