The cost of living in Hyderabad is low, but you still have to be careful what you spend your money on. Hyderabad is the fourth most populous city in India, and one of the major metropolitan cities of India. So it’s no surprise that it’s also a popular tourist destination for people from all over the world, but how much does it cost to live there? That’s what this blog article will tell you about.
History of Hyderabad
Hyderabad was founded in 1591 by Muhammad Quli Qutb Shah, the fifth ruler of the Qutb Shahi dynasty. The city was originally named Bhagyanagar after Bhagmathi, the queen of Quli Qutb Shah. The city was renamed Hyderabad in her honor when she converted to Islam and took the name, Hyder Mahal.
Hyderabad quickly became a major center of Islamic culture and learning, with many mosques and madrasas built in the city. It also became a major hub of trade, with merchants from all over the world coming to trade goods. The city flourished under the rule of the Qutb Shahis but declined after the dynasty fell in 1687.
Hyderabad was then ruled by a succession of Muslim dynasties: the Nizams of Hyderabad, the Mughals, and finally the Asaf Jah. Under their rule, Hyderabad once again became a prosperous city. It was during this period that many of Hyderabad’s most famous landmarks were built, including the Charminar and Golconda Fort.
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Benefits of Living in Hyderabad
- Affordable Cost of Living:
As mentioned, the cost of living in Hyderabad is relatively low compared to other major cities in India. This is due to the lower costs of housing, food, and transportation.
- Growing Economy:
Hyderabad’s economy is growing rapidly, thanks to the booming IT and pharmaceutical industries. This growth means more job opportunities and higher wages for residents.
- Rich Culture and History:
Hyderabad has a rich culture and history dating back hundreds of years. The city is home to many historical landmarks and cultural institutions such as the Charminar and Salar Jung Museum.
Hyderabad Gross Domestic Product
Hyderabad has a Gross Domestic Product (GDP) of $74.2 billion, making it the fourth-largest city in India. The cost of living in Hyderabad is relatively low compared to other major cities in India. Rent for a one-bedroom apartment in the city center can range from $300 to $500 per month. A meal at a mid-range restaurant will cost around $15, while a cappuccino at a café will set you back about $3.50.
Hyderabad’s GDP growth has been strong in recent years, averaging 7.5% annually between 2010 and 2015. The city’s economy is driven by several key industries, including information technology, pharmaceuticals, and biotechnology. Major companies with operations in Hyderabad include Microsoft, Google, Amazon, Facebook, and IBM.
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Different Costs of Living in Hyderabad
- Cost of Accommodation
The cost of accommodation in Hyderabad is relatively affordable when compared to other major cities in India. A one-bedroom apartment in a central location can cost as little as Rs 5,000 per month, while a three-bedroom apartment in a similar location can cost around Rs 10,000 per month. There are also many furnished apartments and serviced apartments available for rent in Hyderabad, which can be slightly more expensive but offer amenities such as housekeeping and 24-hour security.
- Cost of Feeding
The cost of feeding a family in Hyderabad can be quite expensive. The average cost of food for a family of four is approximately $1,200 per month. This includes groceries, dining out, and other food-related expenses. For families who are on a tight budget, there are ways to save on the cost of feeding the family. One way is to cook at home more often. Home-cooked meals are usually cheaper than eating out. Another way to save on the cost of food is to purchase groceries in bulk. This can help to reduce the overall cost of groceries each month.
- Cost of Transportation
The cost of transportation in Hyderabad is quite reasonable when compared to other major cities in India. The average cost of a one-way ticket on the city’s metro system is just over Rs 20, and a monthly pass costs around Rs 1,000. Auto-rickshaws are also plentiful and relatively cheap, with most rides costing between Rs 50 and Rs 100. For those who prefer to drive, the cost of gasoline is also relatively low at around Rs 70 per liter. However, traffic can be a major issue in Hyderabad, so many residents prefer to use public transportation instead.
- Cost of Entertainment
The cost of entertainment in Hyderabad is relatively low when compared to other major cities in India. For example, a movie ticket costs about ₹120 (US$1.70), and a meal for two at a mid-range restaurant cost around ₹1,000 (US$14.30). However, the cost of living in Hyderabad is still relatively high when compared to other cities in India. For example, the average monthly rent for a one-bedroom apartment in Hyderabad is ₹12,000 (US$170), and the average monthly salary is ₹35,000 (US$490).
- Cost of Healthcare
The cost of healthcare in Hyderabad is relatively low when compared to other cities in India. This is due, in part, to the fact that there are many government-run hospitals and clinics in the city. However, the quality of care at these facilities can vary greatly. For those seeking private healthcare, there are also many high-quality hospitals and clinics available. The average cost of a doctor’s visit in Hyderabad is about Rs 200 (US$3).
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The cost of living in Hyderabad is quite reasonable, especially when compared to other major Indian cities. While it’s not the cheapest place to live, it’s still possible to find affordable accommodation and food. Overall, Hyderabad is a great city to live in if you’re looking for a reasonably priced place with all the amenities of a big city.