Average Income Of Middle Class In India

A person working in india typically earns around 31 900 inr per month.

Average income of middle class in india. Salaries range from 8 080 inr lowest average to 143 000 inr highest average actual maximum salary is higher. A family of 4 which can buy and maintain a car in the c2 segment such as honda city. Can think of buying a 2 bedroom apartment on loan in a average location in a city such as bangalore. This is the average monthly salary including housing transport and other benefits.

With an earned doctorate degree they grosses inr 2 409 612. There is significant income inequality within india as it is simultaneously home to the some of the world s richest people. Now going back to the pew research definition that the middle class is two thirds to two times the median income we get a range of 406 1 232. Workers holding doctorate degree degrees enjoy the highest average gross salaries in mumbai india.

Minimum salary of 12 lacs ctc before taxes. The indian middle class constitutes 300 350 million of the population. India had a total of 247 million households in 2011 with an average of about 4 9 people per household according to census of india. Estimates for average household income and the size of india s middle income households vary by source.

The standard of living in india shows large geographical disparity as well. Or maybe 2 hatchback such as i10. They have an in hand income of roughly 75000 a month. While workers with some college education earn the least with an average gross income of inr 972 473.

This is 127 80 lower of what doctorate degree degree holders earn. The average wages are estimated to quadruple between 2013 and 2030. Salaries vary drastically between different careers.