Visakhapatnam, often referred to as Vizag, is a coastal city in Andhra Pradesh, India, known for its scenic beaches, industrial growth, and cultural heritage. As of April 2025, understanding the cost of living in Visakhapatnam is essential for individuals considering relocation or assessing their financial planning. This article provides a comprehensive overview of the expenses associated with living in this city.
Housing Costs:
Housing constitutes a significant portion of monthly expenses. In Visakhapatnam, the rental prices vary based on location and size:
City Center:
One-Bedroom Apartment: Approximately ₹12,722 per month.
Three-Bedroom Apartment: Around ₹32,778 per month.
Outside City Center:
One-Bedroom Apartment: About ₹6,933 per month.
Three-Bedroom Apartment: Approximately ₹16,500 per month.
For those considering purchasing property, the price per square foot is:
City Center: Approximately ₹8,081.
Outside City Center: Around ₹3,915.
Utilities and Internet:
Monthly utility bills, including electricity, heating, cooling, water, and garbage for a standard 85 m² apartment, average around ₹2,406. Internet services with speeds of 60 Mbps or more cost approximately ₹492 per month.
Food and Groceries:
Grocery prices in Visakhapatnam are generally affordable. For instance, a liter of milk costs about ₹50, a loaf of bread is around ₹30, and a dozen eggs are priced at approximately ₹60. Dining out is also economical, with a meal at an inexpensive restaurant costing around ₹150.
Transportation:
Public transportation is cost-effective, with a monthly pass priced at about ₹600. Taxis charge an average of ₹50 per kilometer. For those considering purchasing a vehicle, a new Volkswagen Golf 1.4 or equivalent costs approximately ₹1,317,846.
Comparison with Other Cities:
When compared to other Indian cities:
Hyderabad: Visakhapatnam's overall cost of living, including rent, is about 13.1% lower. Rent prices are approximately 39.2% less than in Hyderabad.
Chennai: The cost of living, including rent, in Visakhapatnam is roughly 7.6% lower than in Chennai, with rent prices about 21.8% less.
Overall Assessment:
Visakhapatnam offers a relatively affordable cost of living compared to other major Indian cities. Its combination of reasonable housing costs, economical transportation, and affordable daily necessities makes it an attractive option for individuals and families seeking a balanced lifestyle.