A higher salary in Bengaluru may look attractive on paper, but does it necessarily translate into better savings? A techie has sparked a discussion online after breaking down the cost of relocating to India’s IT hub, arguing that higher rent, travel and everyday expenses can significantly reduce the financial advantage of a bigger pay package.
For a round trip you might have to spend 20,000. Including rent, food, and travel expenses there itself, it will cost you around 10 lakh of rupees in a year. ” ₹ 1 Lakh salary in Bangalore vs Delhi vs Noida vs Gurgaon. Is ₹ 1 lakh salary really worth the same in every city? In this video, I compare the cost of living and potential savings on a ₹ 1 lakh monthly salary across Bangalore, Delhi, Noida and Gurgaon.
Because eventually you will spend 10 lakh of rupees in an year there itself, and even if you will get 10 lakh of rupees more in your package in Bengaluru, and you are living in Delhi with your family, then you will not be able to save that much amount of money. “If you think in Bengaluru the salary is very good, then just hear me out. If you are living in Delhi, Noida or any other region of India part and you are thinking to move out from that region to Bengaluru for a good amount of salary, the salary is good there, but the cost of living is very high. Rent is very high, travel expenses are very high. You might have to come back to your family very frequently, so you just have one option: to take a flight. And flight is also very expensive these days. Your salary may be the same, but rent, food, transportation, lifestyle and monthly expenses can completely change how much you actually save. If you’re planning to switch jobs, relocate for work, negotiate your salary or choose between cities, this comparison can help you think beyond just CTC.”
