What Is The Cost Of Living In Hyderabad?
What is the cost of living in Hyderabad for couple, family, bachelors? On the basis of the cost of buying or renting a home, cost involved in commuting to and fro workplace, cost of household utilities, childcare costs and more, cost of living in Hyderabad ranges from Rs 7,000 to Rs 1.2 lakh. MakaanIQ compiles detailed list of prices in Hyderabad for food, housing, transportation, going out, living rental cost in residential areas of Hyderabad and calculates actual cost of living in the city.
Cost of Living in Hyderabad City
|Expense Item||Average Cost|
|2BHK on rent||₹ 12,000|
|Cost of 2BHK||₹ 47.44 lacs|
|Local travel ( monthly pass for train)||< ₹ 600-1,000|
|Electricity, Water, Garbage) for apartment||₹ 1,610|
|Cost of pre-school/ kindergarten||₹ 2,500-10,000|
|Maid (cook, clean)||₹ 6,000|
|Cost of 1 meal in inexpensive restaurant (per person)||₹ 150|
|Miscellaneous (water tankers, repair costs per month)||₹ 2,000 onwards|
One of the affordable cities in India, Hyderabad is a leading Tier-I city with a strong IT-sector that generates housing demand. With the Hyderabad Metro expanding, demand for homes is branching all over the city. Not just that, the affordability factor keeps homebuyers look for properties all over Hyderabad because growth of businesses and infrastructural developments have ensured that all the four zones of Hyderabad have good reasons to develop further.
What researches say about Hyderabad
Early this year, the Mercer Quality of Living rating put Hyderabad on the top slot, sharing its numero uno position with Pune. Not just that, it is the fourth time in a row that the City of Pearls is crowned with this tag of being the top Indian city in terms of liveability. Significantly lower crime rate when compared to other Indian cities and the good weather help Hyderabad retain its position year after year. In the global list of Mercer’s survey, Hyderabad was however on the 142nd spot.
More recently, in the government’s Ease of Living Index, Hyderabad obtained the 27th spot among 111 Indian cities that were competing. Karim Nagar in Telangana obtained the 11th position.
Rent an apartment in Hyderabad
As already mentioned, Hyderabad is among the pocket-friendly cities in India. If you are hunting for 2BHK units across the city, your options can command anywhere between Rs 5,500-65,000 per month. The high-end homes on rent in Hyderabad are in localities like Banjara Hills, Gachibowli, Whitefield etc. You may need to reserve up to Rs 1.50 lakh as security deposit. Price will also depend on whether the house is furnished/unfurnished as well as on the presence of other amenities.
Buy an apartment in Hyderabad
Looking for a 1BHK, 2BHK or 3BHK apartment in Hyderabad? Depending on the exact location, prices may vary between Rs 10 lakh to Rs 18 crore. Popular localities in Hyderabad for an investment include Kukatpally, Manikonda, Ameerpet, Begumpet, Hyderguda, Kondapur, Gachibowli, Miyapur, Pragathi Nagar, Sri nagar Colony etc. These are localities with high supply of residential homes.
Local travel in Hyderabad
Data with Numbeo suggests that for a monthly pass for the local buses, you may need to spend anywhere between Rs 600-1,000 per month. Cost will also depend on how much and how far you commute daily.
Household utility cost
Numbeo estimates electricity, water and garbage handling charges for residential properties to be anywhere between Rs 800-3,000 per month depending upon the amount of usage.
Childcare cost in Hyderabad
This depends on the age of the child, the quality of pre-school as also other factors whether you are looking for part-time or full-time daycare or nannies to look after your child. On an average, you would be spending less than Rs 5,000 per month but the costs may vary between Rs 2,500-10,000 per month. An international primary school or equivalent will cost you anywhere between Rs 60,000 to Rs 2,50,000 annually.