India v/s USA Savings

Making an attempt to answer a million dollar question :
How much will I save once I go Onsite(specifically San Jose, California, USA)?


Lets do the math:


For the sake of calculation let us assume you will earn $72,000 per year, that is, $6000 per month at Onsite.


Deduct 36% per month for tax, that is, $6000-$2160=$3840. This is your take home salary per month.


Now, the expenses:


Approx $1700 per month for house renting 1 BR apartment
(this may vary from $1500 to $1900 based on location and community)
Approx. $40 per family member for medical insurance. Assuming you are single, expense is $40 per month.
Approx. $200 per month for grocery.(For a single person this will be much less)
Approx. $35 per month for internet.
Approx. $35 per month for Vonage(landline for India calling).
Approx. $60 per month for mobile expenses (this may vary from $40 to $80 based on your plan and data usage).
Approx. $90 per month for car insurance(this may vary based on driving experience).
Approx. $50 per month for electricity.
Approx. $40 per month for additional charges related to apartment water, sewer, garbage.
Approx. $20 per month for apartment insurance.
Approx. $200 for gas(fuel) spend in case you own and use a car.


So, total monthly expenses are approx. $2470.
Note : If you are staying in a shared accommodation then most expenses will be shared and savings will be much higher.


Now, deduct your expenses from your in hand salary to arrive at your savings $3840-$2470= $1370.


Considering exchange transfer rate of $1=Rs 60.
$1370*60=Rs 82,200.


Now compare it with your India take home salary minus your monthly expenses and you will get a fair idea of how much you will save at Onsite.


Please note, this is just an example only for San Jose, California and actual figures may vary from state to state, city to city and person to person based on actual salary.


Hope this helps.