Cost of living in Faridabad
Faridabad, a bustling city in India, offers a unique blend of urban living and cultural heritage. Understanding the cost of living here is crucial for anyone planning to move or invest in the area.
This guide provides a detailed breakdown of expenses in Faridabad, covering essential categories such as dining, groceries, transportation, housing, and utilities.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $3.55 on average, with a range between $2.37 and $5.92.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $17.76, with prices ranging from $7.7 to $23.68.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $3.73, with a range between $2.36 and $4.74.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.18 to $3.55, imported beer $2.13 to $6.51, cappuccino $0.5 to $2.96, and Coke/Pepsi $0.24 to $0.59.
Grocery Prices
- Milk - Milk is priced between $0.59 and $0.95 per liter, averaging $0.76.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.3 and $0.77, with an average price of $0.54.
- Eggs (Dozen) - A dozen eggs range from $0.57 to $1.85, averaging $1.13.
- Fruits (e.g., Apples, Oranges) - Apples cost $0.59 to $2.96 per kg, while oranges range from $0.47 to $1.18 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.12 and $0.47 per kg, and lettuce costs $0.12 to $0.71 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $0.59 and $2.66, with a monthly pass priced between $5.92 and $11.84.
- Fuel (Gasoline) - Gasoline is priced between $1.12 and $1.23 per liter.
- Taxi Fares - Taxi fares start at $0.36, with a cost of $0.18 to $0.47 per km and $0.59 to $1.78 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $106.55 to $295.96, averaging $132.59.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $41.43 to $130.22, averaging $95.7.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $213.09 to $414.35, averaging $295.96.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $177.58 to $307.8, averaging $230.85.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $1911.44.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $35.52 and $94.71, averaging $52.83.
- Internet - Internet services range from $5.33 to $14.21, with an average cost of $8.52.
Cost of Living Rankings
The cost of living indices for India are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in India, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Faridabad offers a relatively affordable cost of living compared to many other urban areas. Dining and grocery prices are particularly low, making it an attractive option for budget-conscious individuals.
Housing costs vary significantly depending on location, with city centre apartments being more expensive than those outside the centre.
Transportation is economical, with affordable public transport options and reasonable fuel prices.
Conclusion
In conclusion, Faridabad presents a cost-effective living environment with affordable dining, grocery, and transportation options.
While housing costs can vary, the overall expenses remain manageable, making it a viable choice for both locals and expatriates looking to reside in India.