Hyderabad tops list of cities in India by income of lower middle class

Hyderabad: Hyderabad continues to top the list of cities in India by the average monthly income of the lower middle class.

In the current year, the average monthly income of lower middle class individuals in the city has increased by over 4.7 percent compared to last year.

Pune ranks second

According to “The Great Indian Wallet” study by Home Credit, a consumer finance provider, Pune ranked second on the list.

Currently, the average monthly income of lower middle class residents in Hyderabad is Rs 44,000, whereas in Pune, it is Rs 39,000.

Following is the list of Indian cities, including Hyderabad, based on average monthly income:

Cities	2023 (income in Rs thousand)	2024 (income in Rs thousand)
Hyderabad	42	44
Pune	35	39
Bangalore	35	38
Dehradun	31	37
Jaipur	31	34
Mumbai	32	33
Ahmedabad	32	33
Chennai	29	32
Kolkata	29	32
Delhi NCR	30	32
Patna	29	31
Bhopal	28	30
Chandigarh	29	30
Ludhiana	24	30
Ranchi	26	29
Lucknow	25	29
Kochi	26	29

Hyderabad tops list of cities in India by fixed expenses

In terms of fixed expenses too, Hyderabad topped the list, with the average monthly expenses of residents reaching Rs 24,000, up from Rs 19,000.

The fixed expenses include rent or mortgage payments, utilities, transportation, healthcare, and education.

Following is the list of Indian cities by fixed monthly expenses:

Cities	2023 (fixed monthly in Rs thousand)	2024 (fixed monthly in Rs thousand)
Hyderabad	19	24
Pune	17	21
Bangalore	17	22
Dehradun	15	21
Jaipur	16	20
Mumbai	20	20
Ahmedabad	17	18
Chennai	15	14
Kolkata	17	19
Delhi NCR	17	19
Patna	15	19
Bhopal	16	18
Chandigarh	19	19
Ludhiana	14	17
Ranchi	15	17
Lucknow	14	18
Kochi	11	12

Among the fixed expenses, 50 percent of the monthly budget goes towards food and lodging. Education, which has become more expensive, takes up 15 percent of the wallet share.