Theoretical expressions for the hydraulic head and the stream function are derived for three‐dimensional, axisymmetric steady flow around a well in a two‐layered aquifer. The aquifer receives a steady vertical recharge, and the well is pumped at a constant rate; the hydraulic head at the outer cylindrical boundary is kept constant. Two sets of flow nets and a table of values are presented to show the effect of hydraulic conductivities of the two layers on flow lines, equipotentials, and the height of the water table. Graphs showing the effect of the problem variables on the height of the water table are presented.