Wealth Levels in Hyderabad, IN
Understanding the financial situation of people in Hyderabad means looking at average incomes, the cost of daily life, and how wealth is spread across the city. Hyderabad is a large city in India with a population of around 6.8 million people. Like many major cities, it has people with very different levels of wealth.
Estimates for average or median income in Hyderabad vary depending on the source and the year the data was collected. However, data from platforms like Numbeo, which collect user-contributed information on cities worldwide, can give a general idea. As of late 2023/early 2024, the estimated average monthly net salary (after tax) in Hyderabad is often reported in the range of INR 50,000 to INR 60,000. It’s important to understand that this is an average, and many people earn significantly less, while some earn much more.
Comparing this average income to the cost of living shows that Hyderabad is relatively affordable compared to some other major global cities, but living costs can still be high, especially for those on lower incomes. For example, renting a one-bedroom apartment in the city center might cost between INR 15,000 and INR 25,000 or more per month, while outside the center it could be between INR 8,000 and INR 15,000. Basic monthly expenses for a single person (food, transport, utilities) could range from INR 20,000 to INR 30,000. For a family, these costs are higher. This means that while the average income can support a reasonable lifestyle for a single person or a small family, it might be tight, especially in more expensive areas.
There is noticeable inequality in Hyderabad. The city is home to some very wealthy individuals and families, while a large part of the population has modest or low incomes. This gap is visible in different parts of the city. Some areas have large, luxurious homes and high-end facilities, while others have more basic housing and infrastructure.
Wealthier residents often live in well-known affluent neighborhoods such as Banjara Hills, Jubilee Hills, and parts of Gachibowli and Manikonda. These areas are known for large houses, upscale apartment buildings, private security, and proximity to high-end shopping and dining. The lifestyle in these areas often includes private transport, membership in clubs, international schooling for children, and frequent travel.
The main sources of high income in Hyderabad come from specific employment sectors. The Information Technology (IT) sector is a major driver of wealth, with many multinational companies and large Indian IT firms located in areas like Hitech City. The pharmaceutical and biotechnology industries also provide high-paying jobs. The real estate sector has created wealth for developers and landowners. Business owners across various industries, from manufacturing to services, also contribute significantly to the wealthy population. Additionally, professionals in fields like medicine, law, and finance in established practices can earn high incomes.
In summary, Hyderabad has a diverse economic landscape. While average incomes allow many residents to live comfortably, there is a significant difference between the rich and the less wealthy. Wealth is concentrated in specific industries like IT and pharmaceuticals and is visible in certain upscale neighborhoods.