What is the Cost of Living in Hyderabad in 2024?
Hyderabad, the capital of Telangana, is also called the 'City of Nawabs’. This city has ranked in the list of best cities to reside in India, thanks to its low living costs, superb infrastructure, plethora of job opportunities and rich cultural heritage.
Now, if you are thinking of relocating to Hyderabad, whether for educational or professional reasons, knowing the key expenses is a must to plan your monthly budget.
Find a detailed guide on the cost of living in Hyderabad in 2024 below.
What is the Average Cost of Living in Hyderabad?
The cost of living in Hyderabad includes rent, groceries, entertainment, transportation, utilities and more. Additionally, it tends to vary based on your number of family members, lifestyle choices, personal expenses, etc.
Check out the average cost of living in Hyderabad in the table below:
Cost of Living in Hyderabad for Bachelors
For bachelors, the cost of living in Hyderabad usually ranges from ₹12,000 to ₹30,000 per month. This includes rent, groceries, transportation, utilities, entertainment and other miscellaneous costs.
Find the key expenses for bachelors living in Hyderabad in the table below:
Cost of Living in Hyderabad for Students
The average cost of living in Hyderabad for students ranges from ₹10,000 to ₹20,000 per month. However, it tends to differ across individuals based on their accommodation choices, lifestyle and personal expenses.
Following is a detailed overview of the key expenses of students in Hyderabad:
Cost of Living in Hyderabad for a Family
The average cost of living in Hyderabad for a family of 4 typically ranges from ₹30,000 to ₹50,000 on a monthly basis. However, it tends to vary based on lifestyle choices, personal expenses, location, type of accommodation and more.
Here are the key expenses for families living in Hyderabad:
Cost of Living in Hyderabad for Couples
The average cost of living in Hyderabad ranges from ₹20,000 to ₹30,000 per month. It covers components like rent, utilities, groceries, food expenses, etc. and tends to differ based on spending habits and lifestyle choices.
Listed below are the key expenses for couples living in Hyderabad:
Factors That Determine the Cost of Living in Hyderabad
Following are some of the key factors that influence the cost of living in Hyderabad:
1. Accommodation
Paying for the rent or buying a living space once you move to a new city is an individual's most significant expense. Finding a decent home for yourself can be tiring; however, you can find a comfortable and suitable home in Hyderabad that suits your budget with little research.
The approximate cost for buying a living space in Hyderabad is ₹ 5,711 per sq. ft. Furthermore, students can opt for living as paying guests in areas such as Gachibowli, Kondapur, Gowlidoddy, Madhapur, etc.
Best Areas to Live in Hyderabad
The table below best affordable and posh areas to reside in Hyderabad –
2. Transport
Hyderabad has an efficient public transport service that is readily available. This saves a lot of time and money.
The table below illustrates the approximate cost of transportation in Hyderabad –
3. Groceries
All the things of daily household needs are readily available in the local Kirana shops in Hyderabad. Furthermore, several grocery delivery apps deliver these household essentials at the doorstep.
The table below shows the approximate cost of some basic grocery items –
4. Utilities
A small portion of an individual's expense goes into utilities such as electricity bills, internet connection, gas supply, phone bill, internet, TV, etc. However, the bills can go a bit up if you live in a society. These bills depend on the type of accommodation you are living in and your locality.
5. Entertainment
Entertainments play a very essential role in an individual's life. The city offers a lot of options for everyone to chill and relax after a long, hectic day of work and studies.
Know more about:
6. Schooling and Childcare
Hyderabad is a metropolitan city with several schools and kindergartens. The monthly tuition fees for these schools depend on the type of school your child is admitted to, which plays a vital role in deciding the cost of living in Hyderabad.
The table below throws some light on the approximate monthly tuition fees for schools and kindergartens in Hyderabad -
Tips on Reducing the Cost of Living in Hyderabad
Here are some tips you can follow to reduce your monthly expenses in Hyderabad:
- If you are a bachelor, go for shared accommodations near your workplace.
- Opting for shared accommodations near their educational institutes can be ideal for students.
- Consider cooking meals at home and doing the housework yourself to avoid the costs of hiring a maid.
- Buy goods from the local markets instead of shopping malls.
- Use the free recreational facilities in your area.
- Make a comprehensive monthly budget plan and track expenses daily.
Cost of Living in Hyderabad vs Other Metro Cities
The living expenses in Hyderabad is much lower than the cost of living in Mumbai. It is slightly lower than the living costs in Bangalore and a bit higher than the living expenses in Chennai.
Find more details in the table below:
Important Things to Know Before Moving to Hyderabad
Listed below are some essential pointers that you must know before shifting to Hyderabad:
Job Market and Economy
Hyderabad's booming IT sector is one of the biggest contributors to Telangana’s economy. Moreover, the city serves as a major manufacturing hub for industries such as aerospace, food and beverages, electronics, pharmaceuticals, and more.
So, if you are shifting to Hyderabad in search of better jobs, you may have plenty of options.
Accommodation Options
In Hyderabad, you will find many accommodation options like studio apartments, flats in gated complexes, independent houses, builder floors, villas, etc. Thus, whether you are a bachelor or have a large family, you can find a residential property as per your needs.
Know more about:
Climate and Weather
Hyderabad has a semi-arid climate with hot and dry days and cool and breezy nights. Thus, consider living in an area with a lot of greenery and ensure that the apartment you rent is spacious and facilitates adequate ventilation.
Transportation Challenges
Hyderabad has a wide network of state-run buses and local trains that enable easy connectivity to all parts of the city. However, they can be very crowded. In this regard, availing the metro can be an ideal solution.
Language and Communication
Most of the people in Hyderabad speak Telugu and Urdu. However, Hindi and English are also widely used, enabling you to communicate hassle-free with the locals.
You now have a comprehensive idea of the cost of living in Hyderabad. Thus, you can make a monthly budget by considering the factors applicable to your case.
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FAQs about Cost of Living in Hyderabad
How much does buying a property cost in Hyderabad?
Purchasing a living space in Hyderabad costs around ₹ 5,711 per sq. ft.
Is the cost of living in Bangalore more than that in Hyderabad?
An individual would have to spend higher amounts to lead a comfortable life in Bangalore than in Hyderabad.
Is Hyderabad a costly city?
Hyderabad is less costly compared to major metropolitan cities like Mumbai and Delhi. However, the living costs will depend upon location, accommodation type, lifestyle choices, personal expenses and more.
Is Hyderabad a safe city?
Hyderabad is among the top 10 safest cities in India. However, it is always advisable to take adequate safety precautions and avoid roaming in isolated areas at night.
What is the average monthly cost of living in Hyderabad?
The average monthly living cost in Hyderabad usually ranges from ₹12,000 to ₹30,000 for bachelors, ₹20,000 to ₹30,000 for couples and ₹30,000 to ₹50,000 for a family of 4.
Is Hyderabad less costly than Bangalore?
Bangalore's living costs are 10.7% higher than Hyderabad's (without rent). Additionally, Hyderabad's rental rates are 28.9% lower than Bangalore's.
What is the cost of living in Hyderabad for a single individual?
The cost of living in Hyderabad for a single individual usually ranges from ₹12,000 to ₹30,000 per month. However, it will tend to differ based on factors like accommodation choices, lifestyle, spending habits, etc.
What is the cost of living in Hyderabad for a family of 4 members?
The cost of living in Hyderabad for a family of 4 typically ranges from ₹30,000 to ₹50,000 per month. It includes rent, groceries, transportation, utilities, children’s education and daycare, and more.
What is the average cost of living for couples in Hyderabad?
The average cost of living for couples in Hyderabad ranges from ₹20,000 to ₹30,000 per month. However, this will tend to vary based on factors like location, type of accommodation, lifestyle choices, personal expenses, and more.
Can I stay in Hyderabad with a salary of 20K?
A bachelor can easily live in Hyderabad with a salary of 20K. However, the individual must stay in shared accommodations and have a minimalist lifestyle.
Which is more expensive, Hyderabad or Bangalore?
Bangalore's overall living costs are much higher than those in Hyderabad. Accommodation costs in Bangalore range from ₹15,000 ₹40,000, while in Hyderabad, they are ₹ 12,000 ₹38,000.
Is Hyderabad a decent place to settle with family?
Hyderabad is one of the best cities to live in in India. It has a booming IT sector, numerous job opportunities, world-class infrastructure, affordable rent, and moderate living costs.
Do I need an AC to stay in Hyderabad?
Generally, you only need an AC in Hyderabad during April, May and mid-June. The days are hot, while the temperatures usually plummet at night.
Which are the poshest areas in Hyderabad?
Jubilee Hills, Banjara Hills, Manikonda, Gachibowli, Miyapur, Kukatpally, and Nallagandla are some of Hyderabad's poshest areas.
Is Hyderabad more costly than Pune?
Pune is more costly than Hyderabad, with 4.7% higher overall consumer prices and 18.3% higher rental rates.
Which is the most peaceful area in Hyderabad?
Gachibowli is one of Hyderabad's most peaceful regions. It is located in the western part of HITEC City and is known for its luscious greenery and tranquil surroundings.
Where do foreigners usually stay in Hyderabad?
Foreigners usually stay in the posh areas of Hyderabad, such as HITEC City, Jubilee Hills, Banjara Hills, Gachibowli, Lingampall, and Masab Tank.
Which is the most crowded area in Hyderabad?
Charminar is the most crowded area in Hyderabad. Its iconic monument and bustling markets attract visitors from all over the globe.
Is transportation in Hyderabad affordable compared to other cities?
Transportation costs in Hyderabad usually range from ₹1,500 to ₹4,000 per month, which is comparatively less than in major metropolitan cities like Mumbai and Delhi.
What is the average rent in Hyderabad?
The average rental costs in Hyderabad range from ₹12,000 ₹38,000. However, they will vary based on factors like location, accommodation type, property size, amenities present, and more.
How much salary do I need to live comfortably in Hyderabad?
If you are a bachelor, a salary of ₹15,000 to ₹25,000 will be enough. However, if you have a family, a monthly income of at least ₹30,000 to ₹50,000 is essential to cover living costs.
How much do I need to earn to live in Hyderabad?
You need to earn at least ₹15,000 to ₹25,000 per month if you are a bachelor. However, if you are a couple or have a family, you need to have a minimum monthly income ranging from ₹20,000 to ₹40,000 and ₹30,000 to ₹50,000, respectively.
Is 25 LPA a decent salary in Hyderabad?
With a salary of 25 LPA, you can live in the most posh areas of Hyderabad and have a luxurious lifestyle.
Is 7 LPA enough to live in Hyderabad?
Yes, 7 LPA is a good enough salary to live in Hyderabad to handle the living costs of a family of 4.
Is 30K a decent salary in Hyderabad?
30K is a decent salary to live in Hyderabad if you are a couple or have a family. However, you will need to stay in areas with affordable rent and have a minimalist lifestyle.
Is 80,000 good enough to live in Hyderabad?
A monthly salary of ₹80,000 in Hyderabad is enough to cover the living expenses of a family of four.
What are the best places to settle in Hyderabad?
Jubilee Hills, Banjara Hills, Manikonda, Gachibowli, Begumpet, Madhapur, Ameerpet and Uppal are some of the best places to settle in Hyderabad.