Cost of Living in HYD

401k,IRA, Roth IRA, Rollover IRA, SEP-IRA, 529 plans, Roth-401k Plans, Contribution & withdrawal Strategy. Strategies for Non Resident Alien, US citizens, foreign citizens, Green Card holders
Post Reply
gowtham
Posts: 3
Joined: Wed Mar 14, 2007 2:42 pm

Cost of Living in HYD

Post by gowtham »

how much do u need to earn/month to maintain a family in hyderabad?
2 kids, parents. factoring in their own house, schools, a car, servant to clean dishes and a dhobi.

i'm sure this is one of the first questions that go thru any R2I person.
pls. kindly share ur thoughts and estimates. there might've been some existing studies. if so, pls. post those links in here.
MadMax
Posts: 626
Joined: Sun Feb 04, 2007 5:53 am

Cost of Living in HYD

Post by MadMax »

Rs. 10k to infinity
DesiChap
Posts: 9
Joined: Tue Mar 06, 2007 8:00 am

Cost of Living in HYD

Post by DesiChap »

Its best to R2I after owning a house.

Assuming that -

2-3 Servants + driver -> Rs. 10K
School fees (intl school) -> Rs. 10K/kid
Misc. (excluding car payment) -> 20K
-----------------

Rs. 50K

------------------


gowtham;21586how much do u need to earn/month to maintain a family in hyderabad?
2 kids, parents. factoring in their own house, schools, a car, servant to clean dishes and a dhobi.

i'm sure this is one of the first questions that go thru any R2I person.
pls. kindly share ur thoughts and estimates. there might've been some existing studies. if so, pls. post those links in here.[/quote]
spradeep
Posts: 2
Joined: Tue Mar 13, 2007 5:58 am

Cost of Living in HYD

Post by spradeep »

I want to be realistic here.

Electicity Bill: 5,000 (common electrical applicances)
Phone Bill(Landline+Cell): 2,000
Car+Bike Petrol: 4,000 (Avg - including office commute)
Servants: 2,000
School Fees: 5,000 (per month per kid - Avg)
Regular Groceries: 5,000 (Avg)
Weekend Outings: 4,000 (Avg)
Water Bill: 1,000 (Avg)
Insurance Premiums like
Life, Home, Health, Car: 5,000 (Avg, but this varies per person)
Car Maintenance: 2,000 (Just to keep aside)

Total = Rs 35,000 + Rs 5,000 (Some extras) = Rs 40,000

If you do not own a house, add a 20,000 towards rent. If you own a house and still paying EMis by the time of R2I, you may add on Avg Rs 40,000 (or your actual EMI).



DesiChap;21593Its best to R2I after owning a house.

Assuming that -

2-3 Servants + driver -> Rs. 10K
School fees (intl school) -> Rs. 10K/kid
Misc. (excluding car payment) -> 20K
-----------------

Rs. 50K

------------------[/quote]
gowtham
Posts: 3
Joined: Wed Mar 14, 2007 2:42 pm

Cost of Living in HYD

Post by gowtham »

ur calc should be 40k + 5k misc. right? u've counted only 1 kid's school fee.
we should also expect an EMI for a car. avg 10k.
2k for servants seem lil less. cleaning dishes, sweeping floors, cleaning bathrooms, washing clothes and ironing!!

spradeep;22167I want to be realistic here.

Electicity Bill: 5,000 (common electrical applicances)
Phone Bill(Landline+Cell): 2,000
Car+Bike Petrol: 4,000 (Avg - including office commute)
Servants: 2,000
School Fees: 5,000 (per month per kid - Avg)
Regular Groceries: 5,000 (Avg)
Weekend Outings: 4,000 (Avg)
Water Bill: 1,000 (Avg)
Insurance Premiums like
Life, Home, Health, Car: 5,000 (Avg, but this varies per person)
Car Maintenance: 2,000 (Just to keep aside)

Total = Rs 35,000 + Rs 5,000 (Some extras) = Rs 40,000

If you do not own a house, add a 20,000 towards rent. If you own a house and still paying EMis by the time of R2I, you may add on Avg Rs 40,000 (or your actual EMI).[/quote]
FTTHYD
Posts: 12
Joined: Mon Jan 15, 2007 8:07 pm

Cost of Living in HYD

Post by FTTHYD »

I live in Hyderabad and below is my expenses:

EMI -18k
Car loan -10K
Maid - 1200Rs (all except washing clothes as I have Washing machine)
Driver - 4500Rs
Groceries - 5000Rs
Weekend exp- 4000-6000Rs
School Fees (2 Kid) - 7K (Oakridge and Kidszee)
Petrol Expenses + Car Maint- 5K
Misc expenses -3K

Total - 60K (Max)

gowtham;22179ur calc should be 40k + 5k misc. right? u've counted only 1 kid's school fee.
we should also expect an EMI for a car. avg 10k.
2k for servants seem lil less. cleaning dishes, sweeping floors, cleaning bathrooms, washing clothes and ironing!!
prakash
Posts: 1
Joined: Tue Feb 13, 2007 12:40 am

Cost of Living in HYD

Post by prakash »

FTTHYB, can you also tell us how much you spend on eliectricity bills, Communication(home phone, cell phone, internet connection), any association fee(apartment or GC i.e if any).

Thanks!

FTTHYD;22277I live in Hyderabad and below is my expenses:

EMI -18k
Car loan -10K
Maid - 1200Rs (all except washing clothes as I have Washing machine)
Driver - 4500Rs
Groceries - 5000Rs
Weekend exp- 4000-6000Rs
School Fees (2 Kid) - 7K (Oakridge and Kidszee)
Petrol Expenses + Car Maint- 5K
Misc expenses -3K

Total - 60K (Max)[/quote]
rati
Posts: 13
Joined: Wed Jan 31, 2007 8:14 am

Cost of Living in HYD

Post by rati »

Our expenses;

20K rent
12k car emi
4500 driver
6000 petrol
3000 maid
1500 electricity
4000 home/cell phones/internet
10000 grocery, milk, food from outside
15,000 two children in schools
4000 extra stuff

80,000 a month are our expenses.
Chimmy
Posts: 26
Joined: Fri Feb 09, 2007 1:44 am

Cost of Living in HYD

Post by Chimmy »

Rati
Thanks!

That looks like a realistic breakdown.

At the risk of diverting the thread- I would like to ask a few questions..

Are the kids going to international schools?

Breakdown for the maids..do they do cooking also. Is it difficult to get maids in hyd, I heard that it is getting increasingly difficult to find good help in Blore. I am from Kerala and planning to move to hyd and I am terrified about domestic chores in India. It just feels like endless work esp if you want your house squeaky clean.

Thanks again!
gowtham
Posts: 3
Joined: Wed Mar 14, 2007 2:42 pm

Cost of Living in HYD

Post by gowtham »

how do u manage w/ 1 car? why do u need a driver if its only 1 car?

rati;22353Our expenses;

20K rent
12k car emi
4500 driver
6000 petrol
3000 maid
1500 electricity
4000 home/cell phones/internet
10000 grocery, milk, food from outside
15,000 two children in schools
4000 extra stuff

80,000 a month are our expenses.[/quote]
Post Reply

Return to “USA 401k/IRA/Roth Strategy”