Water is a crucial need for maintaining life which needs sustainable management practices to reduce its exploitation. Wastewater recycling is important to meet the demands of the public as well as protect waterbodies. This chapter focuses on the economic and social effects of sustainable water recycling and its socioeconomic effects. In economic scenario, sustainable water management decreases water pollution and increases agricultural production. With time, advanced technologies have promoted economically sustainable water usage and water quality which decreases the financial strain on various low-income regions. Sustainable water management and water scarcity. Access to clean and safe water is a fundamental human right. This chapter highlights the significance of wastewater recycling and sustainable water management. Communities will be more immune to climate change, prevent environmental exploitation and water shortages by following such recycling. In conclusion, recycling wastewater is an acceptable solution to financial, social and environmental issues related to water crisis. This sustainable way avoids the over-use of water resources and develop the communities in all aspects equally.