Congratulations on securing admission to one of the country’s best institutions in Hyderabad. That’s right, you’ve made it and now you’re ready to head to the city of Nizams to start your college life. But before you do that, you’ve got one major thing to consider – the expense. Yes, the cost of living in Hyderabad as a student is something you need to research and plan for so that you’re not worried about burning a hole through your wallet while you’re staying there. And if you’re not sure which costs to factor in and how to calculate this amount, don’t worry, because we’re here to help.
Today we’re going to guide you through all you need to know about student living in Hyderabad and the expenses you might need to incur. Having a clear idea of these numbers will help you make smart financial decisions and sail through your time in the city.
First things first, let’s break down the areas of expenditure for students in Hyderabad. You will have to pay rent for your accommodation, and budget for transport, utilities and entertainment. If your monthly allowance covers these basics, you’re good to go. So, let’s take a look at how affordable these requirements are in the city of Hyderabad.
Obviously, the largest chunk of your allowance as a student is going to go towards your accommodation rent. But the type of accommodation you choose can actually make all the difference when it comes to your living costs. In a city as migrant friendly as Hyderabad, you’ll be able to find PGs and hostels with rents starting as low as Rs 5000 depending on room size and location. Or you could shell out a little extra for added amenities and utilities like meals, internet, laundry and more. If you prefer your privacy and want an apartment to yourself, 1BHK flat rents can range from Rs 8000 near the outskirts to Rs 15000 in the center of the city.
Whether you’re living in an apartment or a PG, you’re going to have to pay for your utilities. Yes, that’s right, all those hours running the AC, taking hot showers, or leaving the lights on do tend to add up. And then add to that the cost of internet connections, gas, phone bills etc and you’re going to have to cough up quite a bit of money. Depending on what your accommodation already includes in your rent, you might end up spending anywhere from Rs 1500 to Rs 3500 on these essential utilities.
You didn’t just come to Hyderabad to work and study. You also came to enjoy yourself and experience college life to its fullest. And staying trapped inside your PG/hostel in Hyderabad is not the way to do it. That’s why you have to budget for those dinners, movie outings, parties and weekend plans that you’ll be making to unwind after your classes. A night out to a club or a restaurant in Hyderabad could cost you between Rs 500-Rs 2500. Catching a movie at a premium multiplex along with popcorn and a drink could take Rs 800 out of your pocket. And if you’re a fitness junkie who considers the gym as part of your entertainment, a monthly membership could cost you upwards of Rs 1500.
And there you have it. These are the basic costs that you’ll have to undertake as a student in Hyderabad. But don’t worry, it’s not as expensive as it sounds. All you need to do is make smart choices when it comes to your accommodation and create a reasonable monthly budget for yourself to stick. Then you (and your wallet) will be just fine!