Mumbai Costliest City to Live In, Ahmedabad Most Affordable

New Delhi: As per the recently released Knight Frank Affordability Index for 2023, Mumbai is the most expensive city in India to live in.

In contrast, Ahmedabad is India’s most affordable city to live in.

Knight Frank evaluates the affordability of cities through three critical parameters.

As per the study, Mumbai is the least affordable city in India.

The Knight Frank India Affordability Benchmark states that the average house prices stand at around seven times the average household income, and the financial burden of homeownership in Mumbai is the heaviest across all major Indian cities.

Other Indian cities like Kolkata, Ahmedabad, and Pune stand out as exemplars of improved affordability, with apartment prices at just three times the average household income.