Is 50,000 INR per Month a Good Salary in Kolkata, India?

Kolkata, often referred to as the City of Joy, is a Tier-1 city and one of the four metropolitan cities in India. Despite its big-city status, Kolkata is known for being budget-friendly, making it an attractive place to live. However, with its efficient public transport and affordable cost of living, the city presents a unique work-life balance for its residents.

Cost of Living in Kolkata

Public transport in Kolkata is one of the most affordable in the country. Auto rickshaws and bus rides start at 10 rupees, with the maximum fare for long routes being 15 rupees. Even the metro is competitively priced, offering a more budget-friendly way to get around. For food, a plate of kachoris and aloo sabzi can cost just 10 rupees, while a veg thali might set you back only 40 rupees at a local eatery. A decent plate of chicken biryani at a roadside stall can be had for around 80 rupees.

Is a Monthly Salary of 50,000 INR Sufficient in Kolkata?

A monthly income of 50,000 INR can be considered quite good, especially compared to the average income in Kolkata. Let's break down why this amount is sufficient and why it can be considered a decent salary.

Cost of Living

Kolkata has a relatively lower cost of living compared to other major Indian cities like Mumbai or Delhi. Rent, food, transportation, and other expenses tend to be more affordable. The average cost of a 1BHK apartment in a good locality in North Kolkata is around 15,000 to 25,000 INR per month.

Housing

With a 50,000 INR salary, you can comfortably afford a decent 1BHK apartment in a good area. This leaves you with a comfortable amount for other expenses such as food, entertainment, and travel.

Lifestyle

You can maintain a good lifestyle with a 50,000 INR salary, including dining out, entertainment, and leisure activities. The city's vibrant cultural scene and numerous parks and open spaces provide ample opportunities for enjoyment without significant financial strain. You can afford to indulge in occasional shopping and travel without compromising on other essential expenses.

Savings and Investments

In addition to your current expenses, with a 50,000 INR salary, you can start building financial security. This amount allows for potential savings and investment, which can help you meet long-term financial goals and build a better future.

Comparison to Average Salaries

The average salary in Kolkata is lower than 50,000 INR, making this salary above average for many professionals and even middle-class workers. A 50,000 INR income can support a family of four and even allow for some savings and investment.

Conclusion

In summary, a salary of 50,000 INR per month in Kolkata is generally a good salary that allows for a comfortable lifestyle and the opportunity to save and invest. While it might not be the highest salary you could earn in a major Indian city, it offers a good balance between affordability and quality of life.