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Achi news desk-
Recently many people are moving to cities. Living in metro cities is a dream for many people. There are more opportunities and a better quality of life. But this will cost a lot. Because the cost of living is very high in metro cities. For a family of four to stay in metro cities, it will cost Rs.20 lakhs per year. Pritesh Kakani, an alumnus of IIT Kharagpur clarified this issue with calculations. It is said that luxury needs will cost more. These details are shared on Xportal.
The expenses details shared by Pritesh are going viral on social media. Some netizens agreed with his calculations and opined that the costs in the metro city would be similar. Others argue that Rs.20 lakh is too much and it is not worth spending that much.
* Why so much cost?
Pritesh’s estimated expenses include house rent, food, travel, medical, education and personal care. Most of this cost is for rent. This is Rs.35,000 per month or Rs.4.2 lakh per year. This is followed by food expenses (Rs. 10,000 per month). Pritam said that the cost of eating out is Rs.4,000 per month and Rs.1,50,000 per year for 1 Asian tour / India tour.
Also car loan and maintenance cost Rs.2 lakh; Cost of petrol Rs.5,350 per month; Medical expenses will be Rs.8,000 per month or Rs.96,000 per year. 1,500 per month including electricity and gas costs; Local travel expenses can be up to Rs.2,000 per month. Pritesh said that the education expenses of the children will be around Rs 4 lakh per year. Raising a dog can cost Rs.6000 per year.
Family of 4 Expenses in a Metro city in India is 20 lakh per year. No luxury cost added. The details are as follows: pic.twitter.com/eAXmVS0j2O
— Pritesh Kakani (@pritesh_kakani) April 14, 2024
* Netizens’ reactions
Sharing this list of expenses, he said, “In a metro city in India, the annual expenditure of a family of four is Rs.20 lakh. Luxury costs are not counted.” add a caption. However, some people commented on the tweet saying that these calculations are not correct. Especially Rs.2 lakhs for a car and Rs.1.2 lakhs for food is too much, he said. EMI expenses trip, dog, car were criticized too much.
A netizen mentioned that if the wedding event is an advertisement, this budget will be even higher. Another person explains why a car costs more. Pritesh explained that if the loan, maintenance and monthly installments are considered, the cost will be two lakhs. Another questioned the need to own a dog and a car. It is believed that such expenses can be waived if there is no house. Pritesh has received over 10 lakh views since sharing this expense list on X.
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