Cost of Living in Bangalore: An Expense Guide for 2023

Bangalore, the capital city of Karnataka, is known for its vibrant culture, thriving tech industry, and amazing food. Bangalore, located in the south of India, has become one of the most important cities in the country. It is also known as the Silicon Valley of India, as it is home to some of the largest tech companies in the world, such as Infosys, Wipro, and Tata Consultancy Services. Apart from being a hub of business and technology, Bangalore is also famous for its lush greenery, friendly people, and delectable cuisine.
Climate in Bangalore
Bangalore has an exciting climate throughout the year. Summers are generally hot and humid, with temperatures ranging from a minimum of 20°C (68°F) to a maximum of 36°C (97°F). The monsoon season between June and October brings heavy rainfall and cooler temperatures. Winters are generally mild and pleasant, with temperatures ranging from a minimum of 17°C (63°F) to a maximum of29°C (84°F). Whether you are looking for a pleasant climate or an exciting one, Bangalore has it all!
Tourist attractions in Bangalore
Bangalore is known for its diverse culture, lively nightlife, and incredible tourist attractions. From the picturesque parks and gardens to the lively restaurants and bars, you’ll never be bored in Bangalore. Take in some of the city’s historical sites, including the Bangalore Palace, Tipu Sultan’s Summer Palace and Bangalore Fort. Visit the iconic ISKCON Temple to experience the spiritual side of this bustling city. Explore the city’s diverse shopping districts, ranging from the upscale malls (Mantri Square Mall) to the bustling street markets (Church Street). Whether you’re looking for fun and adventure or simply looking to relax and unwind, Bangalore is the perfect destination for you to explore!
Childcare in Bangalore
If you are a family moving to Bangalore, the city offers a wide range of childcare options for families, including a variety of daycare centers and preschools.
Bangalore is known for its prestigious educational institutions, offering world-class educational opportunities for students.
Some of the best schools are:
- Inventure Academy
- Jain International Residential School
- The International School Bangalore
- Greenwood High International
- Stonehill International School
- Army Public School
Institutions in Bangalore include:
- National Institute of Technology (NIT)
- Bangalore University, Indian Institute of Science (IISc)
- Christ University
- R.V. College of Engineering
- St. Joseph’s College, and
- B.M.S. College of Engineering
All these institutions have a long history of providing quality education and producing successful graduates. Students from all over the world come to these institutions to pursue their dreams. Whether you are looking for your kid’s education, or a technical degree, an MBA, or a research degree, Bangalore has some of the best schools and institutions in the country.
Hospitals in Bangalore
There are many excellent hospitals in Bangalore which provide excellent medical care for children. Some of the best hospitals in Bangalore include:
- Columbia Asia Hospital
- Manipal Hospitals
- Apollo Hospitals
- Fortis Hospital, and
- Aster CMI Hospital
All these hospitals have a reputation for providing quality medical care for children, making them an ideal choice for families moving to the city.
Average cost of living in Bangalore
Accommodation:
As with most cities in India, accommodation costs in Bangalore can vary widely. It mainly depends on where you live. Generally, a one- or two-bedroom apartment in a good neighborhood will cost anywhere from Rs 12,000 to Rs 30,000 per month. This depends on the quality, location, and size.
Generally, the cost of a 1 BHK (one bedroom, hall, and kitchen) apartment in Bangalore can range from INR 8,000 to INR 25,000 per month, depending on the location and amenities.
For a 2-BHK (two-bedroom, hall, and kitchen) apartment, the cost can range from INR 15,000 to INR 35,000 per month, again depending on the location and amenities.
For bachelors, there are shared accommodation options available which can cost around INR 8,000 to INR 15,000 per month, depending on the facilities provided.
For families, the cost of living in Bangalore can also vary depending on various factors such as lifestyle, food, transportation, education, and healthcare. A family of four can expect to spend anywhere between INR 30,000 and INR 60,000 per month on basic expenses, including rent, groceries, and transportation.
Cheapest areas | Posh areas |
Kengeri | Jayanagar |
Sarjapur | Indira Nagar |
Hoskote | Koramangala |
BTM Layout | Malleswaram |
Hebbal | Rajaji Nagar |
Whitefield | Fazer Town |
Chandapura | Sadashivanagar |
Food:
Food is generally quite cheap in Bangalore, especially if you stick to local cuisine. You can find groceries for prices:
Groceries & Restaurants | Price |
Single person | Rs 3,000–Rs 5,000 |
Couple | Rs 6,000 to Rs 8,000 |
Family of four | Rs 8,000 to Rs 15,000 |
Transportation:
Public transport in Bangalore is quite affordable. BTMC buses usually stop running by 10 p.m. and metro trains run up to 11:30 pm. Below is the transport information based on the year 2023.
Transportation | Price |
BMTC bus | Rs 5 to Rs 39 (child/adult/senior) |
Metro train | Rs 9 to Rs 57 |
Taxis (UberGo) Base fare | RS 38 + 14.20 per km |
Rental bikes and scooters | Rs 3 to Rs 5 per km |
Petrol (March 2023) | Rs 101.94 per lit |
Diesel | Rs 87.9 per lit |
Utilities:
Utility bills in Bangalore can vary depending on the area and size of your home. You can generally expect to pay around:
Monthly Utilities (Heating, cooling electricity, water, mobile bills, Internet for cable, ADSL, unlimited data) | Price |
Single/Bachelor | Rs 1500 to Rs 2,500 |
Couple | Rs 2,000 to Rs 3,000 |
Family of four | Rs 3,000 to Rs 6,000 |
Entertainment:
There are plenty of entertainment options in Bangalore. Such as movie theaters and live music venues, tourist attractions, and recreational activities. Most of these are quite affordable, with tickets ranging from:
Ticket/ Membership | Price (approx.) |
Cinema (single seat) | Rs 150 to Rs 500 |
Fitness Membership | Rs 750 to Rs 1,600 |
Tennis Court rent | Rs 100 to Rs 600 |
Moving to Bangalore? Use FlexSalary!
FlexSalary is a line of credit that offers immediate access to funds without collateral. This financial product is designed to help salaried employees meet their financial needs. It can be used at times of cash flow mismatches, emergencies, or unexpected expenses.
One of the significant benefits of FlexSalary’s line of credit is that it is readily available. The application process is entirely online. Salaried employees can apply for a line of credit by submitting their basic information and documentation. It includes their ID proof, address proof, and salary slips. Once approved, the funds can be accessed immediately. It is an excellent option for individuals who need funds urgently.
Another advantage of FlexSalary’s line of credit is that it is flexible. Here, the borrowers can draw funds as per their requirements and repay as per their convenience. The line of credit is open-ended. The borrower can use the funds multiple times, and the interest is only charged on the amount utilized.
Bangalore, being one of the most popular cities in India, is a great place to live. The cost of living in Bangalore is generally quite high. However, it does vary depending on where you live and your lifestyle. FlexSalary’s line of credit helps salaried employees with instant credit and improves their credit score with no collateral and no prepayment charges.
Overall, the cost of living in Bangalore is quite affordable with FlexSalary, you can easily get by in the city without breaking the bank. So, if you’re planning to move to Bangalore in 2023, make sure to plan your budget accordingly!
FAQs
1. What salary is needed to live comfortably in Bangalore?
A monthly salary of INR 50,000 to INR 60,000 can provide a decent standard of living in Bangalore, but it can vary based on lifestyle, preferences, and location.
2. Is Bangalore costly to live in?
Bangalore is relatively expensive compared to other cities in India, particularly in housing and transportation. However, the cost of living can vary based on location, lifestyle, and amenities.
3. What is a good salary in Bangalore?
A good salary in Bangalore depends on the job profile, qualifications, and experience. As a rough estimate, a monthly salary of INR 60,000 to INR 80,000 can be considered good.
4. How do I commute in Bangalore from one place to another?
Transportation options in Bangalore include buses, taxis, auto-rickshaws, and the Namma Metro. The BMTC operates city buses, while ride-hailing services like Ola and Uber are widely available. The Namma Metro is a rapid transit system that connects different parts of the city.
5. How to avoid traffic in Bangalore?
Here are a few steps you can take to help ease your commute:
- Firstly, try to plan your route so that you avoid peak times.
- Secondly, consider car-pooling or taking public transport, which can often be faster than driving in traffic.
- Thirdly, if possible, try to leave your house earlier or later than usual to miss the rush.
- Lastly, make use of technologies such as Google Maps and Waze which can help you find alternative routes to your destination