personal finance

How much an average lower-middle class Indian earns in 2024



The study reveals interesting spending patterns across different cities. Chennai emerges as the top spender on leisure activities like local travel, eating out, and movies, while Lucknow spends the least on these categories. Rent also varies significantly, with Chennai paying the highest and Kolkata/Jaipur the lowest. Interestingly, Dehradun spends the most on medical expenses but least on children’s education, highlighting the diverse needs across locations.

Overall, the study says a lower-middle class in India with growing income but facing rising living costs. The importance of managing expenses effectively remains crucial for this segment.



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