By Admin 
If you are asked that a person earning Rs 20 lakh per annum in Mumbai or a person earning Rs 8 lakh per annum in Jaipur, who will save more money, then most of the people will choose the first option. But a business expert’s calculations tell a different story. According to him, as important as salary is, the cost of living in that city is equally important. Many times even a person earning less can save more if his expenses are less.
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Business experts have claimed that Mumbai is the financial capital of the country and salary packages here are usually high. But the cost of living is also quite high. The rent of a one bedroom flat reaches up to Rs 45 thousand per month in many areas. Apart from this, a lot of money is also spent on food, transport, parking and other daily needs. This means that a large part of the big salary is spent on expenses in the beginning itself.
Due to this one decision of the government, the shine of gold faded, purchases decreased by 70%, there was a stir in the market.
What is the situation in Jaipur?
On the other hand, the cost of living in a tier-2 city like Jaipur is quite low. Here one bedroom flat can be bought for around Rs 18 thousand per month. Food, travel and other household expenses are also less as compared to metros. In such a situation, even if the salary is less, at the end of the month more money is left for savings.
difference in daily expenses
According to business experts, if Rs 100 is spent on something in Jaipur, then in Mumbai you may have to spend around Rs 148 for the same thing. This difference is not limited to just one or two items. Grocery, eating out, cabs, electricity bills and many other services are expensive in Mumbai. This is the reason why the earnings of both the cities cannot be compared only on the basis of salary.
A major complaint of the people living in Mumbai is regarding traffic. Many employees spend two hours or more on the road every day. Whereas in Jaipur, most people reach their offices or important places in 15 to 20 minutes. This not only saves time, but also reduces the expenses on petrol and travel.
What is ICMR’s 3490 calorie formula, now your salary will decide your food plate?
After all, who saves more?
According to business experts, when rent, daily expenses, travel and other lifestyle related expenses are taken into account, a person living in Jaipur can save about Rs 3 lakh more annually. That means, even a person earning Rs 8 lakh can be in a better position in many cases than a person earning Rs 20 lakh.