Based on global standards, India is considered one of the most affordable countries in the world, but ever wondered which are the cheapest city in India?
Most Indian cities offer optimal value for life at nominal expenses.
Raising a child involves paying for grocery items, vaccinations or medical expenses, school fees, uniforms and textbooks, transport costs, daycare, extra-curricular activities, vacations, etc.
There are several cheap cities in India where raising your child is a piece of cake. The low cost of living and schooling in these cities makes it easy to lead a life of contentment.
List Of Inexpensive Cities In India
| City | Average Monthly Living Cost (INR) | Avg. School Fees (INR) | Avg. Rent (1BHK, INR) |
|---|---|---|---|
| Udaipur | 28,300 | 4,000 – 6,000 | 7,000 – 10,000 |
| Ahmedabad | 35,000 | 5,000 – 7,000 | 8,000 – 12,000 |
| Chennai | 35,000 | 5,000 | 6,000 – 10,000 |
| Hyderabad | 37,500 | 5,000 – 8,000 | 10,000 – 15,000 |
| Kolkata | 40,000 | 4,000 | 8,000 – 12,000 |
| Bengaluru | 40,000 | 5,000 – 7,000 | 10,000 – 18,000 |
| Jaipur | 37,000 | 4,000 – 6,000 | 16,000 – 17,000 |
| Kochi | 26,000 | 3,500 – 6,000 | 7,000 – 10,000 |
| Kanpur | 20,000 | 3,000 – 5,000 | 6,000 – 8,000 |
| Indore | 20,000 | 4,000 – 6,000 | 7,000 – 9,000 |
Affordable Cities for Raising a Family Based on Safety, Cost, and Education
| City | Education Facilities | Avg. Cost of Living (INR) |
|---|---|---|
| Udaipur | Good | 28,300 |
| Kochi | Excellent | 28,000 |
| Kanpur | Good | 25,000 |
| Chennai | Excellent | 35,000 |
| Ahmedabad | Good | 35,000 |
10 Cheapest Cities in India To Raise Your Child
1. Udaipur
Udaipur is known for its scenic beauty, peaceful environment, and historical sites. Rent, traveling, education, food, and clothing are available at affordable rates.
Despite being a major tourist destination, Udaipur is one of the cheapest Indian cities where parents can easily maintain a good living standard.
The average cost of living is just INR 28,300 per month, and parents can afford to send their children to good schools and pay for other expenses without stretching their budgets.
2. Ahmedabad
Ahmedabad is emerging as one of the fastest-growing Indian cities because of its industrial, educational, and economic centers.
The average cost of living is INR 35,000 per month as accommodation, transportation, food, and related expenses are all cheap.
Ahmedabad caters to the section of people who are looking for a convenient living experience. It retains the charm in terms of simple living, and this is why the highly developed city remains a top choice for parents who want to raise their children in a cheaper city.
Also read: Best schools in Ahmedabad
3. Chennai
Chennai, the social capital of South India, is one of the safest and cheapest cities that boasts of people with warm and welcoming nature.
The economically sound metropolitan city has beautiful beaches, incredible temples, amazing churches, and some of the finest schools and colleges in India.
The average cost of living in Chennai is INR 35,000 per month, out of which average rent costs as little as INR 6,000/ month and average school fees INR 5,000/month. Transport cost in the city is also affordable.
Cheap house rent, low cost of grocery items, reasonable transportation rates, excellent job openings, and a rich educational heritage encourages parents with young children to reside here and take advantage of available opportunities.
4. Hyderabad
Innumerable families have relocated to Hyderabad in recent years not just because of the job opportunities but because it is one of the cheapest cities in India where parents can raise their children easily.
The average cost of living in Hyderabad is estimated at INR 37,500 per month, and folks with decent jobs can provide a lavish life to their dependents.
Along with the IT industry, Hyderabad is also known for its historical sites, upscale restaurants, malls, and educational institutions.
The city offers numerous options to people who want to live within their means and raise their children without worrying about expenses.
5. Kolkat
Kolkata, the capital of West Bengal, is one of the cheapest cities in India based on variables like rent, travel, and food expenses.
The metropolitan city is an important cultural and educational hub and hence is considered a favorite of parents who want to raise their children in an affordable environment.
Kolkata is a safe city with a low crime rate, proper transportation facilities, good schools, and lots of recreational centers. The average cost of living in Kolkata is around INR 40,000 per month, and the average fee structure of schools is INR 4000/per month.
There are good schools at reasonable distances so that the transportation cost is also low. It becomes easy for parents to send their children to a respectable school with a lower fee structure.
Kolkata is one of the cities that ensures a perfect balance of school activities and studies and hence is a preferred location for parents who want to provide better education to their children at reasonable rates.
Additional read: Top 5 business schools in the world
6. Bengaluru
Besides being the corporate hub, Bengaluru is surprisingly one of the cheapest cities in India to live in.
The cost of living in the capital city of Karnataka is quite low (INR 40,000/month) as the rent, grocery expenses, and transportation costs are also less.
Bengaluru is a city with lots of schools for young children and universities for students who want to pursue higher education.
The reasonable fee structure (INR 5,000 to INR 7,000 per month) and numerous career opportunities make it an ideal location for parents to raise their children.
7. Jaipur
India’s pink palace is not only a beautiful city to live in but also inexpensive. The average monthly cost of living for a family in Jaipur is INR 37,000 – INR 1,00,000.
As a student or working professional, it can be cheaper and more cost-efficient.
Jaipur is one of the cheapest cities in India. The everyday expenses are fairly priced, the city is well-connected with tons of cheap transportation alternatives and there are many affordable apartments with an average rent of Rs. 16, 000 to 17,000 for a single person.
8. Kochi
Kochi is a beautiful coastal city located in the God’s state of Kerala. The average cost of living in the city is INR 26,000 to INR 30,000 for a single person.
It is an amazing city to live in for nature lovers and a great blend of nature & modernity.
Kochi is a great place to raise your children as Kerala is ranked highest in terms of education and healthcare. The state prioritizes good quality education and affordable healthcare in terms of development.
9. Kanpur
Kanpur is a city located in Uttar Pradesh. Popularly known for its academic excellence and housing India’s most popular academic institute – Indian Institute of Technology, Kanpur.
It is one of the cheapest cities in India with an average cost of living at INR 20000 to INR 30000.
The city is home to engineering students from all over the country and has a beautiful culture of academic pursuit and history.
This small city is well-connected with big cities like Delhi, Lucknow, and Agra and is ranked one of the most inexpensive cities as well.
10. Indore
Indore is a city located in Madhya Pradesh and is known for its temples, lakes, and culture. The monthly cost of living in this city is INR 20,000 to INR 30, 000 for an individual.
The city is located in the heart of the state and is extremely well-connected with the rest of India.
It is one of the fastest-growing economies in India and you can rent a single-bedroom apartment for INR 10,000. It is a student paradise due to its affordability, charm, and cuisine.
Conclusion: Which Is The Low Cost City To Live In?
The average cost of living in Indian cities is substantially lower compared to other global cities.
Parents can afford to send their children to good schools because of affordable fee structures. Moreover, they can maintain a good standard of living without compromising on reasonable luxuries.
The ten cities in India where the cost of living is relatively low, making them ideal for families raising children. For instance, cities like Udaipur and Ahmedabad not only offer affordable living conditions but also have good educational institutions. This is where EduFund can play a crucial role.
Financial Planning for Education
- Cost of Living Insights: Cities like Ahmedabad have an average monthly cost of living around INR 35,000. EduFund can assist parents in understanding how to allocate their budget effectively to cover both living expenses and future educational costs.
- Investment Strategies: With rising education costs (estimated at 8-10% inflation), parents in these cities can benefit from EduFund’s investment recommendations tailored to their financial goals. The platform helps create a roadmap that includes costs related to schooling, transportation, and other child-rearing expenses34.
- Counseling Services: EduFund also provides access to education counseling services, which can help families in these cities make informed decisions about schooling options available locally and abroad1. This is particularly beneficial for parents looking to maximize the educational opportunities available within their budget.
FAQs
Which is the cheapest city in India to live in?
Kanpur and Indore are among the cheapest cities in India, with average monthly living costs ranging between INR 20,000 and INR 30,000.
Is it affordable to raise a family in India?
Yes, cities like Ahmedabad, Jaipur, and Hyderabad are very affordable for families, offering low education costs, healthcare, and housing.
Which metro city in India is the most affordable?
Chennai is considered the most affordable metro city due to its low rent, reasonable school fees, and economical transportation.
How can EduFund help families in affordable cities?
EduFund assists with budgeting, investment planning, and educational counseling, helping families plan better for their children’s future in affordable Indian cities.
