Monthly Expenditure of a Middle Class Family in India

Middle-class families in India spend the most percentage of their salary on monthly expenses and bills. The average monthly salary of a middle-class family is around Rs. 15,000 to Rs.35,000/month.

Most middle-class families need to sacrifice their wishes and dreams for their monthly expenses. And almost 60-70% of their monthly salary is spent on costs and needs. That’s why in 2021, middle-class families in India start making a budget and track their money to save it.

Suppose you want to know more about middle-class families’ monthly expenditures, bills, and budget to manage. Then you’re reading the right article because in this article we’ve covered in-depth details about monthly expenses of middle-class families, how they make a monthly budget to pay the bills and costs.

First, understand the main monthly expenditures of middle-class families in India!

Also Read: How to Save Money from Salary in India?

If we talk about the monthly expenses of middle families, it’s utterly dependent on different lifestyles. But if we take the average Indian middle-class family, then there are so many expenses of basic needs that need to be fulfilled by middle-class families.

Monthly Expenditure of a Middle Class Family in India

1. Rent of Your House or Flat

If we talk about average middle-class families in India, they have to pay monthly rent for their basic living. And it’s around Rs.6, 000 to Rs.12, 000 per month. So it ultimately depends on your lifestyle and how much you want to spend on a suitable flat or house. If you’re a family of four or three, you need a good space for your family, and your rent will vary between six to twelve thousand per month.

2. Food

It is something you can’t predict for sure because food is entirely dependent on the number of family members. But if we talk about average Indian middle-class families, monthly food expenses are around Rs. 4,000 to Rs. 7,000 per month.

3. Internets, Electricity and Recharge

Internet and recharge must have bills to pay in any middle-class Indian family. The need for both things must have, and that’s why it also comes in major requirements. In 2021 now, each family member wants their unlimited pack and WiFi connection. And must have paid other essential bills like electricity bills. For average Indian middle-class families, it costs Rs. 3,000 to Rs. 5,000 in middle-class families.

4. Transportation

In middle-class families in India, transportation expenses depend on family to family. Some are using public transportation, or some are using private cars or bikes. But a good amount of money is spent on transportation for middle-class families in India.

• For public transport – around Rs. 5,000 to Rs. 6,000 per month cost for average middle-class families in India.
• And if using a private bike/car – Around Rs. 8,000 to Rs. 12,000 per month by using own vehicle for transportation.

5. Children’s School/College/Tuition Fees

We’re discussing middle-class families in India, and children’s cover the maximum amount of money from salary for their school/college and tuition fees. Day by day, education fees are increasing, and for middle-class families, it’s a higher priority to pay their children’s fees. Average monthly fees for children’s education cost around Rs. 12,000 to Rs. 15,000 per month.

6. Monthly Rations

For middle-class families in India, the monthly ration costs around Rs. 5,000 to Rs. 6,000 to fulfill needs.

7. Health Insurance

Having health insurance is a must-have for middle-class families in India. It comes with so many different plans, like a single person, a whole family, or only for children. It depends on the family requirements. But if we take average Indian middle-class families’ health insurance that costs Rs. 1,200 to Rs. 1,500 per month to pay monthly for insurance.

8. Fulfill Dreams and Wishes

Middle-class families have dreams and wishes, but most families need to sacrifice their dreams and desires for their needs and expenses. But some families want to fulfill their dreams once in a while. Average middle-class families in India spend around Rs. 2,000 to Rs. 7,000 based on their wishes.

Final Verdict

We’ve covered all the monthly expenses of a middle-class family in India. After reading this article, we hope you can predict the cost of living for middle-class families in India.