Lifestyle

Cost of living in Hyderabad

[ecis2016.org] We try to gauge how much money you may require every year, to have a decent living experience in Hyderabad, an old city that is witnessing a transformation due to the IT industry

Hyderabad, the capital of Telangana, regularly features among the top-ranked cities, in global surveys that measure and rate livability in cities worldwide. This may prompt many of us to think about moving to that city. However, a crucial factor that contributes to any city’s livability, is how much money you may require every year, to have a decent living experience. In short, you have to figure out the cost of living in Hyderabad before firming up your plans to relocate to the southern city.

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Cost of living in Hyderabad: Property price

Average property rates in the city are seen rising consistently. According to a recent report by PropTiger.com the average annual value of properties in this southern market increased by 7% in 2021. With this, the Hyderabad market now has the highest average per sq ft price for under-construction properties.

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Price growth: City-wise break-up

City-wise price card
City Weighted average price in Rs per sq ft as on December 2021 YoY % growth
Ahmedabad 3,400-3,600 7%
Bangalore 5,500-5,700 6%
Chennai 5,400-5,600 5%
Delhi NCR 4,400-4,600 5%
Hyderabad 5,900-6,100 7%
Kolkata 4,300-4,500 5%
Mumbai 9,700-9,900 4%
Pune 5,100-5,300 3%
India 6,300 – 6,500 6%

Source: Real Insight Residential – Annual Round-up 2021, PropTiger Research

However, all factors considered,  Hyderabad is way more affordable that the four biggest cities in India, as far as the cost of living is concerned. Despite the city attaining global standards, in terms of infrastructure development and job creation, Hyderabad still remains comparatively affordable for the middle class. Through this article, we try to develop an understanding about the cost of living in Hyderabad – an old city that is witnessing a transformation due to the IT industry.

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Cost of living in Hyderabad

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Hyderabad rental market

Among the 248 cities surveyed by Teleport.org, an online database of location information with focus on life quality data, Hyderabad was counted among the least expensive cities, especially in terms of accommodation.

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Average monthly rent in Hyderabad city centre

Apartment type Monthly rental
Small apartment Rs 12,093
Mid-size apartment Rs 15,912
Large apartment Rs 19,731

Check out properties for rent in Hyderabad

Living cost in Hyderabad

Cost incurred on Average expense
Fitness club membership Rs 1,591
Movie ticket Rs 159
Internet connection Rs 700
Public transport Rs 827
Lunch Rs 242
Domestic help Rs 6,000
Meal at mid-range eatery Rs 850
Utilities bill Rs 2,000

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Cost of living in Hyderabad: Key demand drivers

Average annual salary: Rs 4.96 lakhs

Air quality index: 55-80

Infrastructure: 295 hospitals/215 colleges

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Connectivity: International airport, operational metro

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Safety in Hyderabad

The overall crime rate puts Hyderabad in position 74 of 266 Teleport Cities in a ranking for the safest cities.

Safety parameter Value
Gun ownership per 1,000 people 4.20
Gun deaths per 1,000 people 0.28

Check out the top posh areas in Hyderabad

Average cost of living in Hyderabad

Cost of living in Hyderabad: For bachelors

Based on the factors mentioned above, a bachelor living in a PG accomodation Hyderabad will have to shell out anywhere between Rs 5,000 and Rs 7,000. If this person opts to stay in a 1BHK rented property, they will have to spend anywhere between Rs 8,000 to Rs 12,000 per month, at least. Your monthly expense will increase to Rs 15,000 to Rs 20,000 if you opt for established localities in the city.

Cost of living in Hyderabad: For couples

The cost of living in Hyderabad for couples could range anywhere between Rs 15,000 and Rs 35,000, depending on the area and unit size they decide to rent.

Cost of living in Hyderabad: For families

The cost of living in Hyderabad for families could range anywhere between Rs 20,000 and Rs 40,000 depending on the area and unit size they decide to rent.

FAQs

Which are the most affordable big cities in India, cost-wise?

Numbers available with various platforms show that the cost of living is the lowest in Hyderabad, among India’s big cities.

What is the average rate of property in Hyderabad?

Data available with ecis2016.org show that the average rate of property in Hyderabad is Rs 5,318 per sq ft (as on June 30, 2020).

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Source: https://ecis2016.org
Category: Lifestyle

Debora Berti

Università degli Studi di Firenze, IT

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