Cost of Living in Hyderabad

To point out the obvious, Hyderabad is one of the best cities to live in right now. But like all good things, it comes with a cost. So even though the cost of living in Hyderabad is less expensive than a Bombay or Bangalore, you’d still need to make a precise budget for a comfy living experience. That’s the reason why we’ve mentioned all the expenses you’ll need to bear. 

And hey, it’s not for people who’ve retired early and have lakhs to spare. We’ve written it while keeping in mind the basic needs and wants of young folks like y’all living away from their hometown. Also, if you’re a biryani lover, there needs to be a separate budget for biryani alone. Which we’ve not mentioned. Coz honestly, we don’t know how many kilos of Hyderabadi biryani you can hog on a weekly basis lol. Now, please read on. 

Understanding the Cost of Living in Hyderabad

 Hyderabad offers diverse accommodation options, from budget-friendly apartments to luxurious homes. When it comes to housing, rental prices can vary a lot depending on location & the size of the property. In popular areas like Banjara Hills and Jubilee Hills, the rental costs are higher compared to areas like Kukatpally or Miyapur. For a bachelor, renting a one-bedroom apartment in the city center can range from INR 15,000 to INR 25,000 per month, while a similar apartment outside the city center may cost around INR 10,000 to INR 15,000 per month.

 Apart from housing, other essential expenses that contribute to the total Hyderabad living cost for bachelor are written below:

Monthly Expenses for Bachelor

Utilities

Basic utilities, including electricity, water, and gas, usually amount to round INR 1,500 to INR 2,500 per month. Internet services are an additional expense, with monthly plans ranging from INR 500 to INR 1,500, depending on the speed and data limit.

Transportation

Hyderabad has an extensive public transportation system, including buses, auto-rickshaws, and the metro. Monthly transportation costs can range from INR 1,000 to INR 2,000, depending on your usage and the distance you travel. So naturally, we suggest you find a place to stay near your office or college. 

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Food and Dining

Hyderabad is famous for its delectable cuisine; dining out can be a delightful experience. However, eating at restaurants regularly can significantly impact your budget. On average, a meal at a regular restaurant may cost around INR 150 to INR 250, while a mid-range restaurant can charge anywhere from INR 400 to INR 800 per meal. For bachelors who prefer cooking at home, the monthly grocery expenses can amount to approximately INR 3,000 to INR 5,000.

 Entertainment and Recreation

Hyderabad offers many recreational activities, including visits to historical sites, movies, and shopping. A movie ticket usually costs between INR 150 and INR 300, while entrance fees for popular tourist attractions range from INR 100 to INR 500. Maintaining a gym membership can also set you back around INR 1,500 to INR 3,000 per month.

Healthcare

It’s crucial to consider healthcare expenses when calculating the cost of living. Hyderabad boasts excellent healthcare facilities, with a range of hospitals and clinics. On average, a basic doctor’s consultation may cost around INR 500 to INR 1,000, excluding any additional tests or medications.

Cost of Living in Hyderabad for Single Person

The cost of living in Hyderabad for a bachelor can be relatively lower compared to bachelors. Sharing an apartment or opting for a paying guest accommodation can significantly reduce rental expenses. Renting a single shared room can cost around INR 5,000 to INR 10,000 per month, depending on the location and facilities.

Other expenses, such as utilities, transportation, food, entertainment, and healthcare, follow a similar pattern for a bachelor. However, the overall cost can be slightly lower due to sharing of expenses.

Tips for Managing Living Expenses in Hyderabad

Budgeting

• Establish a comprehensive monthly budget that includes all your expenses.
• Track your spending.
• Identify areas to cut back or save money.

Shared Accommodation

Consider sharing an apartment or paying for guest accommodation to reduce rental costs. This can also provide an opportunity to meet new people and make friends.

 Cooking at Home

 Eating out regularly can be expensive. Embrace cooking at home and explore the local markets for fresh ingredients. This helps save money and allows you to experiment with Hyderabad’s culinary delights.

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Public Transportation

Utilize Hyderabad’s well-connected public transportation system to save on commuting expenses. Consider purchasing a monthly pass for unlimited travel within the city.

Discounts and Offers

Watch for discounts, offers, and happy hour deals at restaurants, movie theaters, and other entertainment venues. This can help you enjoy the city’s offerings without straining your wallet.

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Health Insurance

Invest in comprehensive health insurance plans to cover unforeseen medical expenses. It’s crucial to prioritize your health and well-being.