Cost of living in Hyderabad

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.

 

Cost of living in Hyderabad

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

 

Check out properties for rent in Hyderabad

 

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
Lunch Rs 242
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
Ahmedabad Rs 2,974 3% 0.6%
Bengaluru Rs 5,194 11% 2.1%
Chennai Rs 5,221 4% 0.8%
Gurugram Rs 5,236 -7% -1.4%
Hyderabad Rs 5,318 40% 7%
Kolkata Rs 4,035 4% 0.7%
Mumbai Rs 9,446 15% 2.8%
Noida Rs 3,922 -3% -0.8%
Pune Rs 4,874 2% 0.5%

 

See also: Covid-19: How Coronavirus Is Impacting Indian Property Prices

 

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.

Safety parameter Value
Gun ownership per 1,000 people 4.20
Gun deaths per 1,000 people 0.28

 

FAQs

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).

 

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