Cost of living in Visakhapatnam
Visakhapatnam, often referred to as Vizag, is a bustling port city on the southeastern coast of India. Known for its beautiful beaches and vibrant culture, it is an attractive place for both residents and visitors.
Understanding the cost of living in Visakhapatnam is crucial for anyone considering moving to or visiting the city. This guide provides a detailed breakdown of expenses, including housing, dining, transportation, and more.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $2.37 on average, with a range between $1.18 and $4.14.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $11.84, with prices ranging from $8.29 to $17.76.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $3.55, with a range between $3.55 and $4.14.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.42 to $2.37, imported beer $2.96 to $3.91, cappuccino $1.18 to $2.37, and Coke/Pepsi $0.36 to $0.59.
Grocery Prices
- Milk - Milk is priced between $0.36 and $1.18 per liter, averaging $0.78.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.41 and $0.83, with an average price of $0.58.
- Eggs (Dozen) - A dozen eggs range from $0.71 to $0.99, averaging $0.94.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.78 to $3.55 per kg, while oranges range from $1.07 to $1.78 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.21 and $0.59 per kg, and lettuce costs $0.71 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $0.36.
- Monthly Pass - A monthly pass for public transport ranges from $14.21 to $23.68.
- Fuel (Gasoline) - Gasoline is priced between $1.23 and $1.31 per liter.
- Taxi Fares - Taxi fares start at $1.18, with a cost of $0.18 to $0.47 per km and $2.37 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $76.95 to $177.58, averaging $142.91.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $66.3 to $94.71, averaging $87.61.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $236.77 to $473.54, averaging $372.07.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $153.9 to $295.96, averaging $194.15.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre is $1019.43.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $23.68 and $41.43, averaging $33.54.
- Internet - Internet services range from $5.09 to $11.84, with an average cost of $7.43.
Cost of Living Rankings
The cost of living indices for India are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in India, covering factors like consumer goods, rent, and purchasing power.
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"Key Takeaways"
Visakhapatnam offers a relatively low cost of living compared to many other cities, making it an attractive option for those looking to balance affordability with quality of life.
Dining out is particularly affordable, with inexpensive meals available for as low as $1.18.
Housing costs are modest, especially outside the city centre, where rent for a 1-bedroom apartment can be as low as $66.3.
Transportation is economical, with low costs for public transport and fuel.
Conclusion
In conclusion, Visakhapatnam presents a cost-effective living environment with affordable housing, dining, and transportation options.
The city's low cost of living, combined with its cultural and natural attractions, makes it an appealing destination for both residents and visitors.
Whether you're planning to move or just visit, understanding these costs can help you budget effectively and enjoy all that Visakhapatnam has to offer.