Learning more about the cost of living in Hyderabad is important if you are planning to shift to the city for work or higher education purposes.
The average cost of living in Hyderabad is quite reasonable for both families and individuals thinking of settling in the city for work or higher education. The cost of living in the city may range from anywhere below Rs. 10,000 to upwards of Rs. 1 lakh a month, depending on lifestyle choices, preferences, and so on.
Cost of living in Hyderabad- An estimation
Here is an estimation of the average cost of living in Hyderabad for your perusal.
- Rental 2 BHK- Rs. 12,000
- Buying a 2 BHK apartment- Rs. 47.44 lakhs (average)
- Monthly train pass- Rs. 600-1,000
- Water, Garbage, and Electricity Charges- Rs. 1,610
- Pre-school/kindergarten costs for families- Rs. 2,500-10,000
- Maid Charges- Rs. 6,000
- A meal in an affordable restaurant- Rs. 150
- Lifestyle expenditure- Rs. 10,000
- Water tankers, repair, etc.- Rs. 2,000 and upwards
- Groceries and essentials- Rs. 6,000
These costs have been estimated every month. Hyderabad is one of India’s leading metros and a major IT hub. It is also one of the most affordable cities to live in the country. The expansion of the metro railway network in the city is already creating considerable demand for housing in various parts of the city.
Expanding further on the average cost of living in Hyderabad
If you were to take a closer look at the approximate cost of living in Hyderabad, you will know that Hyderabad is rated as the city which offers the highest quality of life in India along with Pune as per the Mercer Quality of Living index. It has also earned the best livability crown for the fourth time in a row and has a comparatively lower crime rate in comparison to other major cities. Good weather is another important factor that draws a sizable population every year. For the Ease of Living index released by the Government, Hyderabad found a place at number 27 amongst 111 cities in the country.
When it comes to renting apartments in the city, you can find good 2 BHK apartments from Rs. 5,500 and upwards. The costs may go up to Rs. 60,000 for a few exclusive areas in the city. These include homes in premier zones like Banjara Hills and Jubilee Hills among others. Security deposits may range upwards of Rs. 1.50 lakh. However, rentals are mostly reasonable throughout the city. Buying an apartment means shelling out anywhere between Rs. 10 lakh to Rs. 18 crores, depending on the locality that you choose.
Traveling and other essentials
Rs. 600-1,000 is what you need every month on a local traveling pass through the railway network as estimated in various reports. This is a vital component of the average cost of living in Hyderabad. Rs. 800-3,000 every month is what you may also require for covering costs of water, electricity, garbage handling, and other basics.
Pre-school or kindergarten costs are dependent on the quality of education that you prefer along with other childcare overheads like nannies or daycare solutions. You may need anywhere around Rs. 5,000 every month on average although costs may go up to Rs. 10,000 every month. Choosing a premier international primary school may require approximately Rs. 60,000-2,50,000 every year in fees and other costs. On average, earning Rs. 35,000-40,000 in Hyderabad will help you cover all the basics. Of course, petrol/diesel costs and other lifestyle expenses have to be taken into account as well.
