Living cost in USA is one of the main factors for International students to consider before applying for admissions to any universities/colleges in the US. Living cost in USA involves accommodation expenses, food, travel, books, clothing and other miscellaneous expenses. The United States, being the largest economy in the world, can be really expensive for Indian students who wish to pursue studies there. The average living cost in USA varies from region to region. Living in cities like New York, San Francisco and Los Angeles can be very expensive as compared to smaller cities and suburban areas. However, the living cost can be minimized if the budget is planned with care.
Here in this article, we have covered the average cost of living in USA along with the ways to make the living cost in USA more affordable. Before that, take a look at the list of US states with the average rent of houses in the year 2018 as given in the table below.
The accommodation cost is one of the main components to be considered while calculating the living cost in USA. This expense not only varies from state-to-state but also depends on the area the school is situated in. Living on campus can be easier on pockets as compared to living off campus. Given below is a table highlighting the tentative monthly rent for 1 BHK as charged in different US states.
|S.No.||Name of the US State||Average Monthly Rent for 1BHK (in USD)|
The figures mentioned above gives a rough idea of accommodation cost in case an international student opts to rent a 1BHK flat. However, the expenditure on accommodation can be significantly lowered if the student goes for college dormitory or he/she lives in a flat on a sharing basis.
Now, let’s take a look at other components that factor into the living cost in USA in case of international students.
As has already been written above, the living cost in USA includes the expenses related to food, lodging, travelling, clothing and several other factors. Given below is a brief account of all the important components whose costs are calculated to determine the living cost in a country.
The cost of food is one of the most important components to be taken into account when calculating the living cost of USA. The food expenses may vary as per the preference of an individual. The average money to be spent on food can be around USD 2500 per annum. The cost may go up if you prefer to eat in restaurants more often. On the other hand, home-cooked food can help you keep the budget stabilized.
Travelling around can cost a student an average of USD 1000 per annum if he/she uses public transport such as buses and subways. Driving around in a car can raise your expenses steeply and can cause a dent in the budget.
A student generally spends an average amount of USD 800-1000 per year on books and related materials. Using second-hand books, or downloading e-books or audio files, and using the college library can lower prices considerably.
Buying clothes in the US can be really expensive unless you make your purchases from department stores like Walmart, which offer discounts to its customers from time-to-time. However, a student must keep at least USD 500-800 aside to spend on clothes and shoes.
International students must also keep a separate pool of money, i.e., around USD 2000-2500 for their personal care which can include cold medicines, a short visit to a doctor, shampoo, toothpaste and other such items.
Now, take a look at the table given below to know the average monthly expenses to be incurred in the US.
|4.||Cellular services||USD 50-100|
|6.||Travel||USD 70-90 (public transport)|
|9.||Outside eating||USD 70-100|
|10.||Miscellaneous expenses||USD 100|
* The expenses mentioned above can vary from place to place in the US and the monthly expenditure can increase or decrease as per the living style of an individual.