Hyderabad is becoming a key IT global hub. Global companies and MNCs like Deloitte, Amazon, Google, Wipro, TCS, Infosys have set up regional head offices in Hyderabad, thus offering plenty of job opportunities. And for such reasons a greater number of job seekers from neighboring states are migrating to Hyderabad.
Moreover, favorable weather, rich heritage, diverse culture, warm community, and delicious foods are few more reasons that make Hyderabad a great place to live in. Also, the cost of living in Hyderabad is quite affordable compared to other major metropolitan cities in India.
Thus, many people want to relocate, live and work in Hyderabad. In this blog, we have created a detailed breakdown of the cost of living in this city, which will give you a brief idea about where and how to spend your expense for a comfortable living here.
Here is a brief overview of the cost of living in Hyderabad for students, bachelors, couples, and families.
| Parameter | Average cost per month for a bachelor/student | Average cost per month for a couple | Average cost per month for a family |
| Rent | INR 4,000 to 11,000 | INR 8,000 to 20,000 | INR 15,000 to 25,000 |
| Transport | INR 600 to 1,000 | INR 1,500 to 4,000 | INR 2,000 to 5,000 |
| Groceries/Food | INR 1,000 to 2,000 | INR 4,000 to 9,000 | INR 6,000 to 20,000 |
| Utilities | INR 1,000 | INR 2,000 to 4,000 | INR 3,000 to 6,000 |
| Restaurants | INR 500 to 1,000 | INR 1,000 to 3,000 | INR 2,000 to 6,000 |
As you can see, there are various factors that affect the cost of living in Hyderabad, some of which are listed below:
When relocating to a new city, the major expense is accommodation (if you are living in a rented property or paying home EMIs). If you want to live in high-end areas (example: Gachibowli, Financial District, Jubilee Hills, Hitech City, etc.), you can expect to pay INR 15,000 to 25,000 for a 1BHK flat.
This might raise the question, “Is Hyderabad expensive?.” However, in areas like LB Nagar, Dilsukhnagar, Ameerpet, etc., the price of 1BHK flats starts at INR 7,000.
There are also paying guest accommodations, which are available at a cost of INR 5,000 to 20,000 (including accommodation, food, etc.). As a result, depending on the type of accommodation and location, the monthly average rent in Hyderabad can range anywhere between INR 5,000 to 50,000 or more.
The price of groceries in Hyderabad is quite reasonable. You can get fruits and vegetables at a cheaper price at local farmer markets compared to the supermarkets. There are services like BigBasket, Blinkit, Swiggy Instamart, and more, which deliver groceries to your doorstep within minutes, but the rates are a little high.
The average price of groceries per month can range from INR 3,000 to 20,000, again it depends on the total number of people you are living with and how often you cook at home.
A significant amount of your income goes towards utility bills, which include electricity, water, internet, phone bills, and more. Depending on your electricity consumption levels, the rate in Hyderabad differs from INR 1.49 to 8.5 per unit. The same goes for water bills. The combined average electricity and water bills can range from INR 1,000 to 5,000 (or more).
The monthly internet plans in Hyderabad start at INR 500 and go up to INR 2,500. The unlimited pre-paid mobile plans start at around INR 299 (varies depending on the service provider) and it is almost similar for TV connection as well. Coming to the LPG gas, the cost of 1 cylinder is about INR 850 to 950. All these will add up, increasing the monthly average living cost in Hyderabad.
The transportation expenses will vary depending on whether you are using your own vehicle or public transportation. The petrol price in Hyderabad is around INR 107 per liter, while diesel price is INR 95. You can save up on transportation expenses if you are using electric vehicles.
Coming to public transportation, there are buses, metro rail, autos, cabs, bikes, etc. Metro is the cheapest transportation method, while cabs will cost you hundreds and thousands. Depending on how frequently you travel and the mode of transportation, the monthly costs can range from INR 1,000 to INR 10,000 or more.
If you are someone who often order food from hotels and restaurants, expenses for you can become one of the biggest monthly living expenses in Hyderabad. If you eat at regular restaurants, the average cost for 1 person is INR 150 to 400, while at high-end or 5-star hotels, the average price is INR 2,000 to 5,000. There are even food stalls on the street, which are relatively inexpensive.
What’s life without entertainment, right? In Hyderabad, there are plenty of entertainment options, such as museums, historical landmarks, parks, adventure activities, nightlife, movie theaters, and more. Most of the tourist places in Hyderabad are either free of cost or charge a small fee. Besides this, you can expect to spend around INR 1,500 to 10,000 or more per month on entertainment.
There are numerous popular spots in Hyderabad, such as Koti market, Charminar streets, Begum Bazar, and many more. All these are local markets where you can buy things for a cheaper price. Similarly, there are also high-end shopping malls with branded stores. The monthly shopping expenses will vary greatly as it is totally based on your needs and shopping habits.
Healthcare expenses should also be considered as a part of the cost of living in Hyderabad. Healthcare insurance plans in Hyderabad are quite affordable. Factors like your existing medical conditions, age, and total members in your family will affect the monthly premium amount you need to pay. The monthly health insurance amount starts at INR 300.
There are also other miscellaneous expenses you should consider in order to manage your finances. These include maid, cook, driver, sudden emergencies, and more.
Living in Hyderabad can be quite fulfilling as this city offers a vibrant and diverse lifestyle experience. There are plenty of places to visit, dishes to try, a wide variety of things to experience, and more. Before relocating to Hyderabad, the cost of living should be considered, which we explained above.
As you saw, housing, utility bills, food, transportation, healthcare, shopping, and entertainment are common factors that affect the average cost of living in Hyderabad. If you find the cost of living reasonable and want to move to Hyderabad, visit properties.market to find the right accommodation for you.
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