Living in India’s big cities seems like a dream for many but the higher quality of life comes with higher expenses, and surprisingly not the highest salaries. A tier 2 city from Maharashtra has now beaten top cities like Delhi, Mumbai, and Bengaluru for the average salary package.
Solapur, a Tier 2 city in Maharashtra, has the highest average annual salary package in the country, beating out Tier 1 cities like Delhi, Mumbai, Pune, Bengaluru, and Hyderabad, according to the Average Salary Survey 2023, released this July.
According to the Average Salary Survey, the annual average salary in Solapur, Maharashtra is over Rs 28,10,000 per year. Further, the city which was one the second spot was Mumbai, with an annual salary of Rs 21.17 lakh on average, and Bengaluru on Rank 3 with a salary of Rs 21.01 lakh.
Delhi remained firm on its position, with the average annual salary for a person being Rs 20.43 lakh. When it comes to the state, Uttar Pradesh took the lead with the highest average annual salary, followed closely by West Bengal.
Further, the survey released in July 2023 also states that the most common annual salary in India is a little over Rs 5 lakh, while the average annual salary of the entire country is somewhere around Rs 18.91 lakh. There is also a significant difference between the salaries of men and women. As men receive an average salary of Rs19,53,055, while women earn an average salary of Rs 15,16,296.
Further, the highest paying profession in India is in the Management and Business industries, where the average annual salary is over Rs 29.50 lakh. The second highest-paying profession is Law, where the annual average salary is around Rs 27 lakh.
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