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Rent Squeezes Salaries: 60% Bite in Mumbai

Source: livemint.com

House rent in India has become less affordable as it now takes a bigger chunk of average salaries compared to five years ago.
In major cities like Mumbai and Delhi, rent consumes up to 60% of net salary for a 1BHK apartment, far exceeding the recommended 30% threshold.
This trend forces renters to cut back on savings and lifestyle, risking long-term financial health.

India's rental market is squeezing urban workers' budgets, with rent payments eating into a larger portion of their salaries over the past five years. The article analyzes affordability across top cities using data from NoBroker, highlighting how high rents in places like Mumbai and Bengaluru outpace salary growth. It argues that exceeding the 30% rent-to-income rule leaves little room for savings or emergencies, urging better financial planning. Readers in cities face tough choices between loca