Mumbai Salaries & Cost of Living 2026
Mumbai is a major economic hub of India. Population 20.4M. Salaries here are typically 25% higher than the national average for India.
Estimated city median
$27,528
+25% vs national
Cost of living index
31
NYC = 100
Population
20.4M
Hub city
Top-paying jobs in Mumbai
Estimated city-level pay = national median × 1.25 city multiplier.
Top employers in Mumbai
RelianceTCSHDFCJPMorgan
Frequently Asked Questions
The average salary in Mumbai is approximately $27,528 per year, about 25% above the India national average.