Is 30k per month a good salary in India?

Is 30k per month a good salary in India?

A good income is that which takes care of necessary living expenses and still gives good amount of saving every month. Ideally, considering average retirement age as 55 yrs, you should save around Rs. 30000 every month from your salary so that you and your spouse can live a comfortable life with dignity till death.

What is considered a good salary in Chennai?

What salary is needed to live comfortably in Chennai? For a comfortable living, the salary should be around Rs 30,000 – Rs 50,000 per month.

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What is good monthly salary India?

If we talk on average considering all the factors then it comes out to be around Rs 30,000 per month is a good salary with the average standard of living.

Is 30k a good salary in India Quora?

30 k is ok for basic expenditure. “To live a balanced life, you need to focus on habits of your spending, it’s not your salary that makes you rich.” It is more important where you’re staying in India. So, you can easily live a standard life in this salary, yet it is difficult to maintain quality living standard.

How can I manage 25000 salary?

So, be prepared, think wise, invest wisely.

  1. PRE-PLANNING: If you want to buy a car 2 years from now, the best is to keep money in RDs/FDs and use it in the short term.
  2. AVAIL THE HABIT OF SAVING: If your salary is 25k, just train your mind that you will be getting only 19k salary for a month.
  3. EMI’s :
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How much money do I need to live in Chennai?

Summary about cost of living in Chennai, India: Family of four estimated monthly costs are 1,185$ (89,226₹) without rent. A single person estimated monthly costs are 335$ (25,261₹) without rent.

Is 30000 a good income?

$30,000 a year is good for a single person, but it might be a stretch for a family unless it is one of multiple income streams. However, it can work depending on where you live and how you budget. If you need to survive on $30,000 a year, it may be accomplished through budgeting and reducing your expenses.

How much will my monthly take-home pay be if I make 70K?

If you make $70,000 a year, your monthly take-home pay, including tax deductions, will be approximately $4,328.

How much do I make if I make 35000 a month?

How much do I make each month? Since there are 12 months in a year, you can estimate the average monthly earnings from your $35,000 salary as $2,916.67 per month. Of course, some months are longer than others, so this is just a rough average.

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How much do you need to live comfortably on a salary?

All data from MIT’s Living Wage calculator. Depending on where you live in the United States, the amount needed to live comfortably can vary greatly. While you can get by as a single person on a $22,000 annual salary in Kentucky or Arkansas, you’ll need at least $30,000 in Hawaii or Maryland.

How much money do you need to live on your own?

While you can get by as a single person on a $22,000 annual salary in Kentucky or Arkansas, you’ll need at least $30,000 in Hawaii or Maryland. That’s according to data from MIT’s living wage calculator, which determines the minimum amount necessary to meet basic needs without relying on outside help.