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=== Income inequality === However, Mumbai faces challenges regarding income inequality. Despite having the largest concentration of billionaires out of any city in Asia, Mumbai is one of the most unequal cities in the world.<ref>{{Cite web |last=Chandar |first=Sanaya |date=24 November 2019 |title=Bengaluru, Delhi and Mumbai are among the least inclusive cities in the world |url=https://scroll.in/article/944661/bengaluru-delhi-and-mumbai-are-among-the-least-inclusive-cities-in-the-world |access-date=11 July 2024 |website=Scroll.in |language=en}}</ref> Like other Indian metropolitan cities, Mumbai is in desperate need of affordable housing infrastructure for its lower and lower-middle class citizens. The median rental cost of a one-bedroom apartment in Mumbai proper is around βΉ30,000,<ref name="Lewis">{{Cite web |last=Lewis |first=Noah |date=17 August 2019 |title=Wealth disparity and the housing crisis in Mumbai |url=https://www.globeslcc.com/2019/08/17/wealth-disparity-and-the-housing-crisis-in-mumbai/ |access-date=11 July 2024 |website=The Globe |language=en-US}}</ref> while according to ResearchGate, 25% of Mumbai households have a monthly income of less than βΉ12,500.<ref>{{Cite web |last=Bertaud |first=Alain |date=November 2010 |title=Mumbai Household Income and Housing |url=https://www.researchgate.net/figure/Mumbai-Household-Income-and-Housing-Typology-Figures-8-and-9-showed-that-the-higher_fig8_228181985 |access-date=11 July 2024 |website=ResearchGate}}</ref> The overall average salary in Mumbai is βΉ45,000.<ref name="Lewis"/> This means that the vast majority of conventional housing is out of bounds for many Mumbai residents, leading many to rely on informal housing.
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