Cost of living in Ranchi
Ranchi, the capital city of Jharkhand, India, is known for its rich cultural heritage and natural beauty. Understanding the cost of living in Ranchi is crucial for both residents and newcomers to plan their finances effectively.
This guide provides a detailed breakdown of the cost of living in Ranchi, 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 $1.18 and $5.92.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $7.1, with prices ranging from $5.92 to $14.2.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $5.62, with a range between $4.73 and $5.92.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.3 to $5.92, imported beer $1.78 to $5.92, cappuccino $0.95 to $2.37, and Coke/Pepsi $0.3 to $0.59.
Grocery Prices
- Milk - Milk is priced between $0.36 and $0.77 per liter, averaging $0.63.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.18 and $0.47, with an average price of $0.35.
- Eggs (Dozen) - A dozen eggs range from $0.71 to $2.84, averaging $1.01.
- Fruits (e.g., Apples, Oranges) - Apples cost $0.83 to $2.37 per kg, while oranges range from $0.59 to $0.95 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.12 and $0.41 per kg, and lettuce costs $0.12 to $0.47 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs approximately $0.24.
- Fuel (Gasoline) - Gasoline is priced between $1.18 and $1.23 per liter.
- Taxi Fares - Taxi fares start at $1.78, with a cost of $0.24 per km and $1.18 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $82.85 to $142.03, averaging $108.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $59.18 to $106.52, averaging $81.37.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $177.54 to $355.07, averaging $198.25.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $130.19 to $236.72, averaging $181.48.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $1273.99.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $828.1.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $17.75 and $142.03, averaging $84.82.
- Internet - Internet services range from $7.69 to $11.84, with an average cost of $9.02.
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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Rent Per Month
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Utilities (Monthly)
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Sports And Leisure
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Clothing And Shoes
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Buy Apartment Price
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Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Ranchi offers a relatively low cost of living compared to many other cities, making it an affordable option for residents.
Housing is particularly affordable, with rental prices significantly lower than in major metropolitan areas.
Dining out and grocery shopping are also budget-friendly, with a variety of options available at different price points.
Transportation costs are minimal, especially for public transport, which is a cost-effective way to navigate the city.
Conclusion
In conclusion, Ranchi presents an attractive cost of living for individuals and families looking to balance affordability with quality of life.
With its affordable housing, reasonable dining and grocery prices, and low transportation costs, Ranchi is a viable option for those seeking a cost-effective lifestyle in India.