What should be the minimum salary I should accept to live in Bangalore with spouse and a 2 year child. Is 16 lacs good? I will prefer good society house, good neighborhood, weekends outing, maid and nanny and everything. Ps. Profile is manager in big4s. Assurance dept.

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I suggest you cut down on lifestyle to some extent (wherever feasible). That's the easiest way to make your money last.

Why not take home on outskirts of city near some good school and continue wfh? Try outings on alternate weekend instead of every weekend. Happiness is a mindset remember :) All the best!

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What's ur YOE?

your kid will soon need school. 3 to 4 lacs each year based on school. You need to start saving now..
Your rent is 30 to 40 k for a decent apt.
Eating out at a good restaurant will set you back by 4k each time
10 to 20k for groceries
8k for fuel and maintenance
Keep adding stuff that you currently spend on and add a premium for blr and then count

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30 k is decent. Wow. Most of the Sobha apartments won't make the cut then.

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I'm surprised at the responses here. These so called amenities won't cost you more than 50K every month. With 16 lacs you're making at least 1.1 lacs. So where is the issue.

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But still, 25k is huges for Groceries.
8k-10k is enough for this.
Maid - 2500 cleaning utensils and brooming
Rent can be between 20 to 25k in good area.

If you manage your finance and expenditure well then it will cost you in the range of 40k to 50k with posch life.

This is my observation. It may varries person to person according to their need.

I am staying in Whitefld ( AECS Layout area).

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Rent 20-25k good 2bhk,
Groceries- 15k
Utility Bills-8k
Misc-5K
~50k p.m. should be good
(Keep 1-1.5L aside for deposit and initial one time setup)

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See the sad part is most of these Consultant ear somewhere between 1 to 2 lacs per month which gives them a false sense of security that paying 70k to 1 lac on expenses is OK. Such folks don't realise that expenses are just that, expenses. More you overspend, less you actually earn. Someone with salary of 1 lac and expense of 30K has net income of 70k. Someone with 2 lac salary and 1.5 lac expense has net salary of 50K. Rather be the former than the latter.

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Dude good society and good neighbourhood are very subjective so keep it aside. Do a very simple calculation. Rent in any good society with 2BHK hopefully gated community costs around 25k to 30K per month, Internet costs 1k, dish TV 500 , gas 800, maid would be 4k to 5k, weekend expenses for outing max to max 3k to 5k per week which means 15k average per month, commutation to office if opting ola or uber or even if you own vehicle would be 5k per month, household grocery would be 10k to 15k, , this comes around 55k to 60k minimum. So I feel you should be good.

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if you are on a single income, 16 will not cut it. you would need at least twice that much.

16 lacs in bangalore is enough!

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Is it all fixed. And expenses(rent n all) depends on the area you stay indiranagr, diamond district , defence col are expensive areas to begin with

I would suggest having a side income would be beneficial in such cases.

Looking at all these answers, I'm thinking I should avoid residing in Bangalore at all costs 😂😂😂
Not sure how my mates made it in Bangalore with 6-7lpa package initially couple of years back.

True that man. Some folks with zero fiscal responsibility are swaying public opinion in the wrong direction. A salary of 15 lpa is far comfortable for a small family

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