Hyderabad, the capital of Telangana, was ranked as the best city in the country for the fifth year in a row, in Mercer’s Quality of Living survey in 2019. 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. 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.
See also: Top IT companies in Hyderabad
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.
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|
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|
|Domestic help||Rs 6,000|
|Meal at mid-range eatery||Rs 850|
|Utilities bill||Rs 2,000|
Hyderabad housing market
The thriving technology and pharmaceutical sectors, contribute significantly to Hyderabad becoming a popular choice for job seekers. Nevertheless, there are other factors as well that influence buyers, investors, renters, senior citizens and vacationers, to move this over 400-year-old city, popularly known as the ‘city of Nizams’. The city has a mix of old-world charm and new-age vibrancy. Properties in Hyderabad have largely remained impervious to the slump in the residential real estate market.
Data available with Housing.com show that housing prices in Hyderabad increased at a compounded annual growth rate of 7% between December 2015 and December 2019. In terms of net change, property values saw a 40% increase during this period, to hit an average Rs 5,318 per sq ft. Owing to the ongoing slowdown, most other big cities saw only negligible growth in property values, while some others underwent a correction.
Property prices in the top 9 cities
|City||Average property value as of December 2019||Net percentage change in average price (over December 2015)||CAGR|
Key demand drivers
Average annual salary: Rs 4.96 lakhs
Air quality index: 55-80
Infrastructure: 295 hospitals/215 colleges
Connectivity: International airport, operational metro
Safety in Hyderabad
The overall crime rate puts Hyderabad in position 74 of 266 Teleport Cities in a ranking for the safest cities.
|Gun ownership per 1,000 people||4.20|
|Gun deaths per 1,000 people||0.28|
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 Housing.com show that the average rate of property in Hyderabad is Rs 5,318 per sq ft (as on June 30, 2020).