Cost of living for international students: Managing daily expenses apart from tuition fees makes it a bit difficult for students when it comes to living abroad specially for students who come from comparatively economically weaker countries. Apart from applying to prominent schools, the new generation of international students is selecting study destinations which are culturally rich as well as expensive. According to an HSBC report 2014, Australia is the most expensive study destination for international students. The average cost of studying in Australia is USD 42,000 but in the UK, it is approximately USD 35,000 per year.
Which elements are included in living expenses?
One should take into account rent, grocery, food, public transport etc while making an estimated living expenses chart. Living expenses like accommodation and grocery can be managed or brought down by sharing a flat in case of students who opt not to stay in university hostels. Working part time along with studies is another option. There are many universities which allow students to work part time, especially in Australia, New Zealand and Canada.
Here is a country wise analysis of estimated Living expenses for international students who are planning to study abroad-
Cost of living for international students in USA
The United States of America is home to the maximum number of top Universities in the world such as Massachusetts of Technology, Harvard and the biggest hub of international students from overseas. Accommodation, food and utility are the major aspects apart from tuition fees and insurance when it comes to figure out the cost of living in the USA. A normal study abroad health insurance at Harvard itself may cost around $3,435 (Two terms -Full Year Plan).
Cost of living expenses for international students in the USA may vary according to city and region and also the lifestyle of a student. According to the Economic Policy Institute 2016 family budget calculator, average cost of housing in New York is $1, 440 per month while it is as high as $1,950 in cities like San Francisco and California.
Here are the approximate living expenses for international students in USA –
Other living expenses
Source: New York University (2014 - 2015)
Top Courses to study in USA-
MS in Information System Management
Cost of living for international students in UK
Home to some of the most prominent and oldest universities such as Cambridge and Imperial College London, UK is one of the most sought after study destinations for students wishing to explore careers in management, law and social studies. Managing expenses to study in UK is not an easy task. Even if you get the scholarship to fund your tuition fee, studying in UK is quite expensive. It has been noticed that students are choosing less expensive cities like Belfast instead of going for a cosmopolitan city like London. Average weekly expenses in Belfast are approximately $125 USD.
Approximate living expenses for international students in UK –
Top Courses to study in UK-
Business and Management studies
Social Science and Humanities
IT and Computer Science
Cost of living for international students in Canada
Canada is one of the fastest emerging economies in the world and is comparatively affordable for students from overseas. However, there are a few cities such as Toronto, Montreal, Vancouver which are very expensive because of their multinational lifestyle. Average weekly expenses for a person living in Toronto is $1,050 Cdn. However, an International student can cut down living expenses by sharing accommodation and buying goods from a less expensive grocery store.
Approximate cost of living for international students in Canada –
Average cost per month (CDN)
Top Courses to study in Canada-
Cost of living for international students in Australia
Australia is emerging as one of the most sought after study destinations after the USA and UK. However, the country is every expensive. Though many universities offer schorlarship, but still managing daily expenses is not easy. Living in campus helps many students to save expenses on rent but not all the students are lucky to get an in-campus accommodation.
The Department of Immigration and Border Protection needs a student to meet his financial requirements in order to get the student visa. According to it, a student should have minimum AUD$18,610 but the cost of living expenses for international students varies according to the city and the region. Sydney and Melbourne are listed as the most expensive cities in Australia, but on the other hand, there are cities like Hobart, Wollongong which are comparatively less expensive and student friendly as well.
Approximate living expenses for international students in Australia –
Weekly Expenditures ($AUD)
Groceries and Eating out
Top Courses to study in Australia-
Accounting and finance
Hospitality and Tourism Management
Cost of living for international students in New Zealand
Over the years, New Zealand has become one of the most prominent countries for international students preferring higher studies. With flexible visa terms and conditions, New Zealand universities also offer a very flexible environment for international students by allowing them to work part time along with studies which help students to manage their living expenses. In New Zealand, international students are allowed to work for up to 20 hours per week.
Auckland, Wellington, Christchurch are few of the most prominent cities in New Zealand which are also home to top universities in the world. Average accommodation cost in Auckland is $150-$300 per week and average cost of food is $60 per week which is quite expensive as compared to other cities but students can choose between other accommodation options such as homestay and hostels which are available at much cheaper rates.
Approximate living expenses for international students in New Zealand–
Average Weekly Expenditures ($NZ)
Top Courses to study in New Zealand-
Master of Business Administration
Master of Professional Accounting
PG Diploma in Agricultural Science
Master of Tourism
Cost of living for international students in Germany
According to a survey conducted by Times Higher education, Germany is one of the most internationalized student countries in the world with over 11% of student’s population from overseas. Germany attracts a large number of international students every year especially those who are interested in higher and research studies. Studying in Germany is not so expensive as compared to other prominent countries like the USA, UK and Australia. For example, a student has to pay a nominal tuition fee of EUR500 per semester which makes Germany a cost effective country even for students who come from a comparatively weaker economic country. Living in big cities of Germany such as Munich is very expensive.
Approximate living expenses for international students in Germany –
Average Monthly Expenditures (€)
Top Courses to study in Germany-
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