Hyderabad has retained its position as the 5th most expensive city for expatriates in India, according to Mercer’s ‘2024 Cost of Living Survey.’ Globally, it ranks 202nd, with no change from previous years. The survey lists Mumbai as the most expensive city for expats in India, followed by New Delhi, Chennai, and Bengaluru.
Factors such as employment growth, a rising middle class, and overall economic growth have contributed to the stable cost of living in Hyderabad. Globally, Hong Kong remains the most expensive city for expatriates, with Singapore and Zurich following.
The stability in Hyderabad’s ranking makes it an attractive destination for expatriates seeking a balance of economic opportunity and affordable living. This consistency highlights the city’s manageable living costs amidst India’s dynamic economic landscape.
Hyderabad Maintains Stability in Cost of Living Rankings
Hyderabad’s Steady Position
Hyderabad continues to be a stable city in terms of cost of living for expatriates, according to Mercer’s ‘2024 Cost of Living Survey.’ The city ranks 202nd globally and 5th within India, unchanged from previous rankings.
Comparative Analysis Within India
The survey places Mumbai at the top of the list as the most expensive city for expats in India. It is followed by New Delhi, Chennai, Bengaluru, and Hyderabad. The cost of living in these cities reflects broader economic trends, including employment growth, a rising middle class, and overall economic expansion.
Here is the full list of Indian cities by cost of living:
- Mumbai
- New Delhi
- Chennai
- Bengaluru
- Hyderabad
- Pune
- Kolkata
Mumbai and Delhi’s Ascent
Mumbai and Delhi have experienced significant upward movement within the Asian rankings. Mumbai climbed six spots to become the 21st most expensive city in Asia, while Delhi moved up by two positions to 30th. This upward trend can be attributed to various factors such as the burgeoning employment market and economic growth, which have impacted the overall cost of living.
Global Cost of Living Landscape
On the global stage, Hong Kong retains its position as the most expensive city to live in. The top ten cities globally, according to the survey, are:
- Hong Kong
- Singapore
- Zurich
- Geneva
- Basel
- Bern
- New York
- London
- Nassau
- Los Angeles
Economic Implications and Insights
The stability in Hyderabad’s ranking indicates a balanced economic environment conducive to both expatriates and locals. The city’s cost of living reflects its economic stability and growth, which is crucial for attracting international businesses and talent.
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Factors Influencing Cost of Living
Several factors contribute to the cost of living in these cities, including housing costs, transportation, food prices, and overall economic conditions. Hyderabad, while being one of the more affordable cities for expats in India, still provides a high standard of living with ample opportunities for professional growth and personal development.
Hyderabad’s consistent ranking in the cost of living index showcases its stable economic environment and attractiveness for expatriates. As other Indian cities like Mumbai and Delhi experience shifts due to rapid economic changes, Hyderabad’s steadiness provides a reliable option for expats looking for a balanced cost of living in India.
This balance is crucial as India continues to grow as a global economic player, with cities like Hyderabad playing a key role in this landscape.
