How do students Budget in London?
LSE broadly estimates that students should allow £1,100-£1,300 per month for all living expenses, including accommodation, travel, food, laundry, study costs, and other personal expenses. This will vary depending on your lifestyle and requirements, so it’s important you do your own research.
How much do students pay for rent in London?
The average amount students pay for rent in the UK is £146 per week – which works out at around £633 per month….Rent costs by university.
University | Average weekly rent (£) |
---|---|
Sussex | 178 |
London South Bank | 176 |
National average | 146 |
How much does the average student spend a month in London?
As of 2020, UK students spend an average of £418 per month on rent. For students living in London, this is £648 per month. 58% of students reported that their mental health had suffered as a result of a low budget….
Expense | Cost per month |
---|---|
Rent | £418 |
Groceries | £100 |
Going out | £46 |
Transport | £43 |
Is it worth living in London as a student?
Despite the cost of living in London as a student is higher than any other UK city. There are a large range of student discounts to take full advantage of. You can get money off all the essentials; food, clothes, public transport, and also the non-essentials such as entertainment and theatre tickets!
How much money does a student need per month?
The average student’s living costs are about £810 a month (or £187 a week), with our findings revealing that the Maintenance Loan often falls far short of covering students’ living expenses. It’s probably no surprise that rent takes the biggest chunk out of the student budget – and, at £421, it’s £3 up on 2020.
Which is the cheapest area to live in UK?
Top 10 most affordable UK cities
- Bradford.
- Stirling. Average house price: £208,927.
- Aberdeen. Average house price: £205,199.
- Glasgow. Average house price: £196,625.
- Perth. Average house price: £203,229.
- Inverness. Average house price: £191,840.
- Hull. Average house price: £156,424.
- Dundee. Average house price: £181,150.
Can I afford to live in London as a student?
What is a reasonable budget for a student?
Example college student budget
Expenses for the semester | Budget for the semester | Budget per month |
---|---|---|
Tuition and fees | $3,800 | Spent at the beginning of the semester |
School supplies | $500 | Spent at the beginning of the semester on supplies and books |
Rent | $2,600 | $650 |
Utilities | $160 | $40 |
What is a good price for student accommodation?
The average cost for weekly rent in the UK in purpose-built student accommodation from 2018–2019 was £147. Private sector accommodation averaged £148 a week for an ensuite room and £193 for a studio. In London, the average was £178 per week for university accommodation and £233 for the private sector.
What to do in London on a student budget?
7 Fancy Things to do in London on a Student’s Budget. 1 1. Make your own bus tour. What would a big city be without a Hop-on, Hop-off bus? A much better place. Only joking. Bus tours are a great way to 2 2. See the city from the sky. 3 3. Educate yourself. 4 4. Enjoy some food. 5 5. Go to the theatre.
Is the cost of living higher in London as a student?
Despite the cost of living in London as a student is higher than any other UK city. There are a large range of student discounts to take full advantage of. You can get money off all the essentials; food, clothes, public transport, and also the non-essentials such as entertainment and theatre tickets!
Is it possible to live in London on a budget?
If you plan carefully and budget efficiently, it’s certainly possible to take advantage of the amazing opportunities London has to offer, while living within your means.
Do you need a budget to live at the LSE?
If you’re staying at an LSE or Intercollegiate Hall of Residence, many are within walking distance of campus. If you’re living in private accommodation, it’s likely you will be living further out and relying on public transport regularly. Either way, London is a large city and we recommend you factor travel costs into your budget.