Now Reading: Bengaluru techie says Rs 50 lakh salary may still leave you short
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Bengaluru techie says Rs 50 lakh salary may still leave you short
Bengaluru techie says Rs 50 lakh salary may still leave you short
A Bengaluru techie, Anmol Agarwal, has argued on Instagram that even a Rs 50 lakh annual salary may not allow one to build significant wealth in the city. He calculated that after…
The Story in Brief
A Bengaluru techie, Anmol Agarwal, has argued on Instagram that even a Rs 50 lakh annual salary may not allow one to build significant wealth in the city. He calculated that after taxes and EPF of Rs 15 lakh, a monthly take-home of Rs 3 lakh could be eaten up by rent (Rs 60,000-70,000), maid, cook, groceries, gym, shopping, travel, and potentially a car loan, leaving only about Rs 1 lakh for investments. He also said a Rs 3 crore home today would cost Rs 6-7 crore later, making homebuying difficult until near retirement. Agarwal suggested moving to a Tier-3 city with a remote job or starting a business as alternatives. Hindustan Times has not independently verified his claims.
Earlier, ndtv.com had reported a separate breakdown showing that annual expenses in Bengaluru could add up to Rs 6 lakh a year.
The Indian Opinion
The techies lament about Bengaluru costs will strike a chord, but the narrative that even a Rs 50 lakh salary cannot build wealth exaggerates a problem that affects only a thin slice of earners. For most residents, the question is not about becoming rich but about making ends meet on a fraction of that income. The real test is whether salaries in the city can keep pace with rents for the average worker, not just the top 1%.
Sources (2): ndtv.com, hindustantimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
