You’ve researched where to study and what course you’re interested in, so now it’s time to look at the cost of living it up in America as a student.
Firstly, living expenses in the US can vary significantly depending on:
- Location: Bustling cities like Los Angeles and New York will cost a lot more in comparison to smaller college towns.
- Housing: If you’re choosing to stay on-campus, expect to pay a lot more for the convenience but also a more social experience. The alternative to this is shared apartments/properties off-campus. Both options will still provide you a great all American adventure.
- Lifestyle: You know yourself and your budget best. This involves your spending habits on food, entertainment, and transportation. Speak with our MABECS Global education advisors for tips on living in the US on a budget!
Breaking Down the Numbers
This is a general overview of some key expense categories. Actual costs will vary.
- Accommodation: On-campus housing averages out to $1,250 a month, and off-campus can cost anywhere from $1000 to $4000 a month.
- Food: Between $300 to $500 per month for groceries and dining out. Cook at home to save more money!
- Transportation: If you live nearby the university, consider walking or cycling. Keep in mind that driving will incur other expenses like petrol and insurance.
- Other expenses: These could be for textbooks, entertainment, or just anything that can creep up on you. About $100 - $300 would be helpful.
Savvy Spending
Besides scholarships, there are other ways to bring your monthly cost of living down.
- On-campus jobs: Check if your university offers work-study programmes. This not only gains you some pocket money, but also valuable work experience.
- Embrace student living: Look for student discounts on things like transportation and entertainment (movie tickets, live theatre, lessons).
- Create a budget: Sounds boring but it is essential to not ending broke! Pay off all bills first then calculate what’s left for other essentials.
Managing your finances as a student in America is crucial but don’t let it overshadow the excitement of experiencing a new culture.
Speak with us to see how you can begin this American journey of a lifetime!
