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India > USD, What's a Good Salary For You Guys Overseas.. $1 USD = 55 Rupee, Is $10K Rich?

Discussion in 'BlackHat Lounge' started by weruncompanies, Aug 16, 2012.

  1. weruncompanies

    weruncompanies Power Member

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    Trying to figure this out, wanted to learn more.. Does $10k USD/year in India make you rich/wealthy? What is the average $ made per year in USD that supports your family for a year.. I like to pay people fairly whenever I can regardless of location, and just curious..

    For $1 USD What could you buy in your location?
    How about $10, or $100?

    Would love to hear more about this..
     
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  2. Roparadise

    Roparadise BANNED BANNED

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    This will give an idea of what would be considered a good salary in India depending on the type of work. http://www.payscale.com/research/IN/Country=India/Salary
     
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  3. kool121

    kool121 Jr. VIP Jr. VIP Premium Member

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    $10K USD keeps a person comfortable but far from rich/wealthy. $1 is not enough to buy a litre of petrol.
     
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    Last edited: Aug 16, 2012
  4. synfig

    synfig Regular Member

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    1USD= 50 bucks. You will buy Mcdonalds happy meal. Subway meal and one time breakfast.
    10$= 540bucks. You can buy transport in between two cities. Jeans starting 499 bucks.
    1000$=50k bucks. Buys you computer. laptop. apple stuff and expensive mobiles etc.

    If you want to stay in metro cities in india, supporting your family you need to earn atleast 800 USD a month. For small cities anything above 500 USD is fine.

    10k USD doesn't make you rich in India at all. You need 100K that for next 5 years to be rich. India is getting hellua expensive these days. Nothing is cheap over there, this includes room renting and food. You will find philipines and bangladesh much cheaper in food and rent prices.
     
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  5. deviatus

    deviatus Power Member

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    How much is rent? Like on a nice 2 bedroom unit.
     
  6. qrazy

    qrazy Senior Member

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    If I am a employer hiring or paying salary to someone living abroad, I would use my common sense to research about the salary range, living cost or life style of that particular country. There's a lot of information available online. And I wouldn't ask what can I buy for $1, $10 or $100.
     
  7. rohit0714

    rohit0714 Newbie

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    i think you should pay according to skills not location.
     
  8. synfig

    synfig Regular Member

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    I don't know if this info helps or not. But when you're paying any indian via say paypal or any other payment processor. Money never comes with expected conversion rate. e.g. 1 USD = 54 as per today's rate but indians get it at 52 or 53 bucks or even lower via paypal and then bank also deducts the money on account side. So basically if anyone is working for you for 10 usd then in reality he is getting 7 or 8 USD at his end or even lower.

    It is myth that india is cheaper. That data must be pre 2008 or 2006. Then again Indian government also made fun of citizens by saying it is possible to live in india at 1$ last year, which is pure slap in face on almost every person in this country. 1$ doesn't even buy meal for two times a day in any big or semi -big city. You have to live in village of capacity 400 persons in order to get meal at 1$ a day.

    I paid 100$ a month in cities like Pune, Mumbai, Bangalore during my stay (2010-2011) Now rates are climing every 6 months. Rates are increased every year becuase of the lobbying from house agents.


    The reason many indians are stressed and often rush thing in between project is because india is getting expensive every day. Outsourcing in india pre 2008 was good for indians due to cheap living but these days they have to earn more bucks to meet the monthly goals. Bangladesh, pakistan and philipines are in younger phase of outsourcing so they can meet the goals cheaper compared to indians and that is why they are often not in rush or stressed. Stress level for Indians is high because of the forex policies and also meet the goals with available projects and clients. This too will pass I hope. You can make out whatever you want from this info, just wanted to pass the reality here.
     
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    Last edited: Aug 16, 2012
  9. Knoxgates

    Knoxgates Supreme Member

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    Right now i m paying 280$ in a metro city for a 2 bedroom flat.
     
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  10. deviatus

    deviatus Power Member

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    Excellent info. I've had issues with my contractors taking on too much work from other clients before, from India and Pakistan. But on the flip side there is a larger middle class in India now (hence the rising prices) that doesn't need to perform VA work to survive.

    Maybe this is why you see people in job postings saying that they only want Filipinos? They are newer to tech outsourcing and can still live off of not needing to rush jobs in order to pay their bills.
     
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  11. mrankin

    mrankin Jr. VIP Jr. VIP Premium Member

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    In Australia my family lives on about $150K year (AUD). You would get $10K a year from the government as unemployment benefits, but not enough to live on at all.

    For me I think $250K+ per year would be getting closer to being rich, otherwise mortgages and bills takes an enormous amount of cash down under.

    Note that currently $1AUD = $1.05USD

    Hope this give some additional perspective.
     
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  12. qrazy

    qrazy Senior Member

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    I didn't mean to offend the OP. But the thing is one wouldn't get an conclusive idea by knowing what could one buy with $1 or $10 in India. It completely depends on what kind of work and it varies from person to person depending on the skill set. For example, a beginner programmer would do the work for 1/3rd salary of an experienced programmer. So how it will help him to determine the salary of his employee?

    And it's impossible to determine what's a good salary and richness in any country. There are lot of factors like where you live, one's lifestyle etc. To get an rough idea just browse thru www.payscale.com.
     
  13. oblivion19

    oblivion19 Senior Member

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    Hey,
    As an Indian let me put it this way. You can't make him rich if is not already, by his salary. The cost of a house is very very high when you compare it with the salaries here.

    A $1000 is a decent salary to maintain his family here and afford some indulgences.Also, a lot of the expenses depend on the city you live in.For example a decent flat in a metro city could cost his family $400 a month. So, dont expect to be paying $1k per month and think he is gonna become rich. Thanks a lot for showing consideration towards your worker though. Reputation added.

    You should not pay less than $600 per month I believe and if you can afford it $1k per month, it would be awesome for his family. I'm sure he/she will be really happy with it. Also, assure him/her that his job is secure and he does not have to worry about him being fired. Better sign a contract with him yearly. Job security means a lot back here.

    btw: just wondering whats the job? Programmer guy, web developer or VA?
     
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    Last edited: Aug 16, 2012
  14. seopencil

    seopencil Supreme Member

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    in India data entry worker taking $100 per month salery

    5000 INR approx $90 is common salary in my place for computer operator

    web designer salery here - $200 approx

    SEO staff - $120 approx
     
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  15. oblivion19

    oblivion19 Senior Member

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    Yeah, those are the going rates in some places. It would be higher in the cities though. But, the OP was asking what would be a good salary for a person here.

    The people working at those salaries you stated have a miserable time in managing their expenses.
     
  16. seopencil

    seopencil Supreme Member

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    i am from small town and trust me in my place this is gud salary otherwise you can hire DTP operator here @ $40 and secretary @ $30
     
  17. anil190185

    anil190185 Junior Member

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    Average salary of a graduate with 5 years exp is around 17K USD per year which is nowhere close to rich. Nor can you afford to live in a place like Mumbai with that salary.
     
  18. Anamica

    Anamica BANNED BANNED

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    As an Indian i would like to add some points..its not like as of foreign countries ask their wards to go out of home after 16 and study on their own.[no offence] In India our parents educate us until the age of 22 on average. This would cost the biggest budget of our home.Engineering and medical related studies have started to rise to a saturation point.. so simple BE/BTech wont help you to get lot of money..a person who has done BE/BTech earns 25k INR per month,but now the rate has gone down to 20k. So we need to go for Post graduates which becomes more burden for our parents.[thats why i came to BHW in the first place,to earn money]... 10k $ is enough only to pay MBBS [medical] for an year in any private institutions . You have to study 5 years MBBS then , 5*10k = 50k $ just for education. but doctors will get the money as time passes by.. anyway India is becoming a nation of more requirements both academics and money...
     
  19. xperiaboy

    xperiaboy Newbie

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    Lol You Know About Pakistan 1USD = 95Rs
    Hahaha
     
  20. krishnaverma

    krishnaverma Power Member

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    Rent also varies on location. A two bedroom unit is available at $80-$200 per month. If you can compromise on location, you may get cheaper.