What Is The Cost Of Living In Chennai?
What is the cost of living in Chennai for couple, family, bachelors? On the basis of the cost of buying or renting a home, cost involved in commuting to and fro workplace, cost of household utilities, childcare costs and more, cost of living in Chennai ranges from Rs 7,000 to Rs 1.2 lakh. MakaanIQ compiles detailed list of prices in Chennai for food, housing, transportation, hangouts, living rental cost in residential areas of Chennai and calculates actual cost of living in the city.
Cost of Living in Chennai City
|Expense Item||Average Cost|
|2BHK on rent||₹ 15,000|
|Cost of 2BHK||₹ 51 lacs|
|Local travel ( monthly pass for train)||₹ 800-1,300|
|Electricity, Water, Garbage) for apartment||₹ 2,733|
|Cost of pre-school/ kindergarten||₹ 4,000|
|Maid (cook, clean)||₹ 6,000|
|Cost of 1 meal in inexpensive restaurant (per person)||₹ 100|
|Miscellaneous (water tankers, repair costs per month)||₹ 2,000 onwards|
What researches say about Chennai
Going by the Ease of Living Index released by the ministry of housing and urban affairs, this southern city is the second-best metro although on the whole, it stood at the 14th position. Chennai scored better in social factors such as education, health, safety and security while factors such as power supply, housing, open-spaces, solid waste management were determinants where Chennai lags.
Rent an apartment in Chennai
If you are looking at a rental accommodation in Chennai, your options start at Rs 4,500 to Rs 3.5 lakh per month. High-end localities include Boat Club Road, Anna Nagar, Poes Garden, Bishop Garden, Saidapet etc.
Top localities for rent in Chennai include Velachery, Medavakkam, Alwarpet, Thiyagaraya Nagar, Purasaiwakkam, Anna Nagar, Choolaimedu and Porur.
Buy an apartment in Chennai
On an average, a 2BHK unit will cost you about Rs 51 lakh. Top localities for sale in Chennai include Alwarpet, Purasaiwakkam, Anna Nagar, Thiyagaraya Nagar, Velachery, Medavakkam, Porur and Choolaimedu.
Local travel in Chennai
Chennai is well-connected by local trains and buses while the Chennai Metro has also taken commuters within its fold. Numbeo estimates that roughly speaking, you would be spending Rs 800-1,300 per month minimum on your commute in public transport.
Household utility cost
Numbeo estimates electricity, water and garbage handling charges for residential properties to be anywhere between Rs 1,500-5,000 per month depending on the consumption.
Childcare cost in Chennai
To calculate childcare cost in Chennai, it would be necessary to understand the kind of schooling and training you want to provide your child. The minimum you would be spending on a toddler who is ready for pre-school is Rs 2,000 per month but costs could go up to Rs 9,000 per month for a reputed facility. An international-standard school in Chennai will cost you anywhere between Rs 53,000 to Rs 2.5 lakh per year.