Average Living Cost of Student in Australia

by / Tuesday, 25 June 2013 / Published in Australia

We, at Study Path know financial issues are often hard on students. We are committed to helping you, hence we have compiled some average financial cost statistics to help you gauge your financial needs.

This serves as a general guidelines and may change over time due to fluctuations in Australia economic situation. However knowing the average living costs in Australia is an important part of your financial preparation. Without further ado, here are some of the costs associated with living and studying in Australia. (All costs are in Australian dollars.)

Accommodation

  • Hostels and Guesthouses – $80 to $135 per week
  • Shared Rental – $70 to $250 per week
  • On campus – $80 to $250 per week
  • Homestay – $110 to $270 per week
  • Rental – $100 to $400 per week
  • Boarding schools – $10,000 to $20,000 a year

Other living expenses

  • Groceries and eating out – $80 to $200 per week
  • Gas, electricity – $60 to $100 per week
  • Phone and Internet – $20 to $50 per week
  • Public transport – $10 to $50 per week
  • Car (after purchase) – $150 to $250 per week
  • Entertainment – $50 to $100 per week

Minimum cost of living

The Department of Immigration and Citizenship has financial requirements you must meet in order to receive a student visa. Below is a guide on the requirements you must meet to study in Australia:

  • You – $18,610
  • Your partner – $6,515
  • Your first child – $3,720
  • Every other child – $2,790

All costs are per year in Australian dollars. To convert to your own currency, visit http://www.xe.com

The Australian Government provides information and guidance on managing your finances. You can read more atwww.moneysmart.gov.au

If you experience financial trouble while in Australia, talk to your institution’s international student support staff for assistance.

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