Bangalore Rent and 40 LPA Salary Breakdown: How much is the rent for a 3BHK flat in Bangalore? How much can people with annual salary of Rs 40 lakh save in Bengaluru? How is the lifestyle of middle salary people in Bengaluru?
Bangalore Cost of Living: Bengaluru is considered the IT hub of India. People come here with the desire to work in big companies, high salary jobs and dreams of a good lifestyle. But recently, in a viral post on social media, such a calculation of inflation and annual salary of Rs 40 lakh in Bengaluru has come out, which has raised a big question on the lifestyle and savings of IT professionals. In the viral post, the rent of a 3BHK flat in Bengaluru was said to be around Rs 1.1 lakh per month and along with this, in another post it was also told that even if someone’s salary is Rs 40 lakh per annum (40 LPA), then at the end of the month the savings become very less or sometimes even zero. Know how?
Bengaluru’s inflation and annual salary of Rs 40 lakh shown in X.Com viral post
5-time hackathon winner and @StellarOrg ambassador Anshika Agarwal shared a post on X.Com, which went viral. In this, Anshika told how Bengaluru has become a very expensive city to live in and how even the savings of a person earning Rs 40 lakh annually is close to zero. Describing the flat with a rent of Rs 1.1 lakh, he wrote in the post that the monthly salary of many people is equal to the rent of this flat. The flat that has gone viral is near good areas of Bengaluru like Indiranagar, Domlur and around EGL. He told the special features of this flat which included-
- It is a 3BHK flat i.e. 3 bedrooms, hall and kitchen.
- The house is approximately 1800 square feet big.
- Semi-furnished (some accessories already installed).
- Has private terrace and balcony.
- There are facilities like swimming pool, gym, badminton court.
- Location is very close to office area.
- The biggest thing is that its rent is around Rs 1.1 lakh per month + maintenance.
- People are surprised to see this because this amount seems to be equal to someone’s entire month’s salary.
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40 lakh annual salary and zero savings in Bengaluru
Anshika Aggarwal also told the real details of her annual salary of Rs 40 lakh in Bengaluru. It sounds like 40 LPA means a lot of money. But when tax is deducted, one gets around Rs 2 lakh to 2.2 lakh per month. Now after this the expenses start, in which every month’s expenses-
- House Rent: 35 thousand to 70 thousand (or more)
- Food and grocery: 10 to 25 thousand
- Traveling expenses: 5 to 15 thousand
- Electricity, water, internet: 3 to 8 thousand
- Sending money to family: 20 to 40 thousand
- If there is a loan (EMI): 40 to 80 thousand
- Traveling, eating out: 15 to 40 thousand
- Insurance and Savings: 10 to 25 thousand
Now when we add everything up the picture becomes clear. If everything goes well then the savings will be Rs 40 to 60 thousand. In normal circumstances, the savings are 10 to 30 thousand rupees and sometimes nothing is left. That is, those who think that life will be set at 40 LPA, in reality the matter is not so simple.
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Many users have also commented on this post of Anshika Aggarwal, see some of them below-
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Why is Bengaluru becoming so expensive?
There are some clear reasons behind Bengaluru becoming so expensive. In which continuously increasing jobs in IT companies. Shortage of houses in good areas. People with higher salaries are also shifting here. The level of lifestyle has gone up a lot. For this reason the fares are continuously increasing.
Impact of inflation on people doing common jobs in Bengaluru
This entire trend in Bengaluru is affecting those people who earn between 10 to 40 LPA the most. Live with family. Handles both rent and EMI. Now the situation has become such that good salary does not necessarily mean good savings. Expenses are increasing rapidly. Living in the city has become more expensive than before. However, Bengaluru is still a city that provides jobs and opportunities. But the truth is that living here is no longer as cheap as before. Now people not only have to earn money but also have to do proper planning.