Cost of living in Koramangala
Koramangala, a bustling neighborhood in Bangalore, India, is known for its vibrant lifestyle and diverse amenities. Understanding the cost of living here is crucial for anyone planning to move or invest in this area.
This guide provides a detailed breakdown of expenses, including dining, groceries, transportation, housing, and utilities, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $2.96 on average, with a range between $1.42 and $8.29.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $7.7, with prices ranging from $7.11 to $47.37.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $3.85, with a range between $3.32 and $7.11.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $0.71 to $4.62, imported beer $1.78 to $5.92, cappuccino $0.95 to $4.15, and Coke/Pepsi $0.3 to $1.78.
Grocery Prices
- Milk - Milk is priced between $0.3 and $0.83 per liter, averaging $0.59.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.3 and $0.83, with an average price of $0.45.
- Eggs (Dozen) - A dozen eggs range from $0.5 to $1.66, averaging $0.87.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.42 to $4.15 per kg, while oranges range from $0.59 to $3.55 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.24 and $0.83 per kg, and lettuce costs $0.12 to $1.18 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.14 and $1.3 per liter.
- Taxi Fares - Taxi fares start at $0.18, with a cost of $0.18 to $0.59 per km and $0.59 to $3.55 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Data not provided.
- 1-Bedroom Apartment Rent (Outside Centre) - Data not provided.
- 3-Bedroom Apartment Rent (City Centre) - Data not provided.
- 3-Bedroom Apartment Rent (Outside Centre) - Data not provided.
- Buying Price per Square Meter (City Centre) - Data not provided.
- Buying Price per Square Meter (Outside Centre) - Data not provided.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $23.69 and $94.74, averaging $42.03.
- Internet - Internet services range from $5.33 to $17.76, with an average cost of $7.34.
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"
Koramangala offers a relatively affordable cost of living compared to many Western cities, with low prices for dining and groceries.
Transportation costs are moderate, with affordable taxi fares and gasoline prices.
While specific housing data is not provided, utilities and internet services are reasonably priced, making it a cost-effective place for residents.
Conclusion
Koramangala presents a balanced cost of living, making it an attractive option for both locals and expatriates.
With affordable dining, grocery, and transportation options, it offers a comfortable lifestyle without the high expenses found in many other urban areas.
Potential residents should consider the lack of specific housing data but can expect reasonable utility costs.