Cost of living in Palakkad
Palakkad, a city in the state of Kerala, India, offers a unique blend of cultural heritage and modern living. Understanding the cost of living in Palakkad is crucial for both residents and newcomers to plan their finances effectively.
This guide provides a detailed breakdown of various expenses, including dining, groceries, transportation, housing, and utilities, to help you navigate the financial landscape of Palakkad in 2024.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $1.42 on average, with a range between $1.18 and $3.55.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $10.66, with prices ranging from $5.92 to $94.74.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $2.96, with a range between $2.96 and $5.92.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $0.89 to $3.55, imported beer $1.78 to $5.92, cappuccino $0.83 to $2.37, and Coke/Pepsi $0.47 to $1.18.
Grocery Prices
- Milk - Milk is priced between $0.50 and $0.71 per liter, averaging $0.52.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.24 and $0.59, with an average price of $0.51.
- Eggs (Dozen) - A dozen eggs range from $0.71 to $0.99, averaging $0.87.
- Fruits (e.g., Apples, Oranges) - Apples cost $0.59 to $3.55 per kg, while oranges range from $0.41 to $3.55 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.36 and $0.95 per kg, and lettuce costs $0.12 to $1.18 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $0.18.
- Fuel (Gasoline) - Gasoline is priced between $1.23 and $1.28 per liter.
- Taxi Fares - Taxi fares start at $0.47, with a cost of $0.29 per km and $1.60 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (Outside Centre) - Rent for a 1-bedroom apartment outside the centre averages $23.68.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $23.68 and $47.37, averaging $28.82.
- Internet - Internet services range from $3.42 to $23.68, with an average cost of $6.48.
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"
Palakkad offers a relatively low cost of living compared to many urban centers, making it an attractive option for those seeking affordability.
Dining out is particularly economical, with inexpensive meals available at very low prices.
Transportation costs are minimal, especially for public transport, which is highly affordable.
Housing remains affordable, particularly outside the city centre, although options may be limited.
Conclusion
In conclusion, Palakkad presents a cost-effective living environment with affordable dining, transportation, and housing options.
While some amenities and services may vary in price, the overall cost of living is manageable, making it a viable choice for individuals and families looking to balance quality of life with financial considerations.