Mumbai, India
India's financial capital and largest city, home to Bollywood, the Bombay Stock Exchange, and a vibrant coastal urban culture.
Overview
Mumbai is a city in Maharashtra with a population of 20,961,000. India’s financial capital and largest city, home to Bollywood, the Bombay Stock Exchange, and a vibrant coastal urban culture. Housing is notably more expensive than the national average. The overall cost of living is above the national average. Gardening thrives here — the 7a growing zone supports Mild — wide variety of vegetables, many fruit trees. The city enjoys abundant sunshine, with about 265 sunny days a year. The population skews young, with a median age of 28.0.
Last updated: August 30, 2026
Very High vs India Avg (100)
Very Expensive
Household income
Job market health
Mumbai vs India Average
Taxes
- State Income Tax: None
- Sales Tax: 18.0%
Economy & Jobs
- Median Income: ₹480,000
- Unemployment: 4.5%
- Population: 20,961,000
Climate
- Sunny Days: 265/year
- Summer High: 93°F
- Winter Low: 62°F
- Farming Zone: USDA Zone 7a
Housing
- Median Home: ₹15,000,000
- 1BR Rent: ₹25000/mo
Cost of Living
Mumbai's cost of living index is 130 (India average = 100).
| Category | Mumbai | National Average | Difference |
|---|---|---|---|
| Overall | 130 | 100 | +30.0% |
| Housing | 185 | 100 | +85.0% |
Data source: MOSPI / Numbeo, 2026
Housing Market
| Metric | Value |
|---|---|
| Median Home Price | ₹15,000,000 |
| Median Rent (1BR) | ₹25000/mo |
| Median Rent (2BR) | ₹31,250/mo |
| Price per Sq Ft | ₹10,000 |
Data source: Housing.com / MagicBricks / 99acres, 2026
True Cost of Home Ownership
Utilities
Estimated monthly utility costs for a typical household in Mumbai:
| Utility | Estimated Monthly Cost | Notes |
|---|---|---|
| Electricity | ₹500 | |
| Heating & Cooling | N/A | Estimated based on local climate. |
| Cooling (AC) | ₹1426 | Estimated based on local climate and electricity rates |
| Water | ₹200 | Includes sewer |
| Internet (100+ Mbps) | ₹600 | Broadband average |
| Garbage / Trash | Included in taxes | Municipal service (covered by property taxes) |
| Total Utilities | ₹2726 | Monthly estimate (including heating & cooling) |
Data sources: CEA, Ministry of Power, BSNL 2025
Remote Work Score
Mumbai scores —/100 for remote work readiness:
Climate
Mumbai has a varied climate with distinct seasons.
| Month | Avg High | Avg Low | Rainfall |
|---|---|---|---|
| January | 82°F | 62°F | 2.5" |
| April | 78°F | 77°F | 2.8" |
| July | 93°F | 68°F | 1.5" |
| October | 73°F | 80°F | 2.2" |
Mild — wide variety of vegetables, many fruit trees
Natural Hazards
Mumbai faces the following natural hazards:
Extreme summer heat.
Monsoon floods and coastal flooding.
Central and western India experience frequent droughts.
Himalayan region and Western Ghats with landslides.
Himalayan region with frequent avalanches.
Affected by cyclones in the Arabian Sea.
Seismic activity in the region.
Coastal tsunami risk.
Eastern India experiences tornadoes.
Northern mountainous regions experience extreme cold.
Dust storms in northwestern regions.
Based on historical records and geographic risk assessment.
Taxes
- State Income Tax: 0% (None)
- Sales Tax: 18%
- Property Tax: ~0.2% of assessed value
Economy & Jobs
Major industries include technology, healthcare, education, and manufacturing. The unemployment rate is 4.5%.
Schools & Education
Academic Schedule
School year varies by state. Southern states follow a different calendar (June-April). Summer break coincides with the hottest months.
Universities & Higher Education
Data source: Center for World University Rankings (CWUR) & World Universities Database
Demographics
The population of Mumbai is diverse. The figures below show the ethnic, educational, and religious composition of the local population.
Ethnicity
Education
Religion
City-level demographic data is not available for this location. The figures shown are national averages, which may differ from actual conditions in this city.
Data source: Office of the Registrar General & Census Commissioner (2011)
Important Disclaimer: All data on this page is for informational purposes only and does not constitute financial, legal, tax, or real estate advice. URCity and Northshore Press are not financial advisors, tax professionals, or real estate agents. Always consult qualified professionals before making relocation or financial decisions.
Frequently Asked Questions
What is the cost of living in Mumbai, India?
The cost of living index in Mumbai is 130, which is Higher the India national average of 100.
How much does it cost to buy a home in Mumbai?
The median home price in Mumbai is ₹15,000,000. The housing index is 185.
What is the average rent for a 1-bedroom apartment?
The average rent for a 1-bedroom apartment in Mumbai is approximately ₹25000/mo.
Does Mumbai, MH have income tax?
Mumbai is in MH, which has no income tax.
What is the climate like in Mumbai?
Mumbai enjoys approximately 265 sunny days per year. Summer highs reach around 93°F, while winter lows can drop to around 62°F.
Data Sources
- Cost of Living: MOSPI / Numbeo, 2026
- Housing Data: Housing.com / MagicBricks / 99acres, 2026
- Income & Employment: MOSPI Labour Force Survey, 2024
- Utilities CEA, Ministry of Power, BSNL 2025
Data last updated: September 13, 2026. Data may not reflect current market conditions. Always verify with local sources before making relocation decisions.