Cost of living in Vellore
Vellore, a city in the southern part of India, is known for its rich history and educational institutions. Understanding the cost of living in Vellore is crucial for anyone planning to move or visit, as it provides insights into daily expenses and lifestyle adjustments.
This guide breaks down the various costs associated with living in Vellore, from dining and groceries to housing and transportation, offering a comprehensive view of what to expect financially 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 $0.71 and $2.37.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $6.51, with prices ranging from $5.92 to $11.84.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $2.4, with a range between $2.37 and $4.74.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.66 to $2.96, imported beer $3.55 to $5.92, cappuccino $0.59 to $4.74, and Coke/Pepsi $0.36 to $1.18.
Grocery Prices
- Milk - Milk is priced between $0.53 and $0.73 per liter, averaging $0.57.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.3 and $1.18, with an average price of $0.47.
- Eggs (Dozen) - A dozen eggs range from $0.64 to $0.92, averaging $0.82.
- Fruits (e.g., Apples, Oranges) - Apples cost $0.95 to $3.31 per kg, while oranges range from $0.71 to $3.55 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.36 and $0.47 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 $0.24.
- Fuel (Gasoline) - Gasoline is priced between $0.81 and $1.3 per liter.
- Taxi Fares - Taxi fares start at $0.47, with a cost of $0.19 per km and $0.59 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $59.19 to $71.03, averaging $65.11.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent is consistent at $35.52.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $142.06 to $236.77, averaging $189.42.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent is $177.58.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre is $1214.05.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter is $763.81.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $11.84 and $71.03, averaging $41.43.
- Internet - Internet services range from $2.96 to $14.21, with an average cost of $4.26.
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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Salaries And Financing
Salaries And Financing
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"Key Takeaways"
Vellore offers a relatively low cost of living compared to many other cities, making it an affordable option for residents.
Dining out is inexpensive, with meals at casual restaurants costing as little as $0.71.
Housing is particularly affordable, with rental prices for apartments being significantly lower than in major urban centers.
Transportation costs are minimal, with affordable public transport and taxi fares.
Conclusion
In conclusion, Vellore presents a cost-effective living environment, particularly appealing to students and professionals seeking affordable housing and daily expenses.
The city's low cost of living, combined with its cultural and educational opportunities, makes it an attractive destination for both short-term and long-term residents.