Factors that affect the cost of living in Australia

Pursuing higher education in Australia is a great option for international students due to the high quality of education at relatively economical costs. Australia is a nation with great opportunities for international students once they complete their education. If you are planning to study in Australia, then you must be wondering about the cost of living in Australia in addition to expenses for your education. This article provides an approximation of the average cost of living in Australia so that you can plan your expenses in advance.

An estimation of the cost of living in Australia can help make your move easier! Check out the average living cost in Australia for international students.

Factors that affect the cost of living in Australia

International students can obtain higher education in Australia at reasonable costs, although living expenditures there can be somewhat pricey. There exist several elements that may impact the cost of living for students in Australia. Here are some of the primary factors that will affect your cost of living in the country:

Education Provider

The university tuition is a significant component of your out-of-pocket expenses when living in Australia. Your living expenses can vary considerably based on the particular university where you enrol for your higher studies. In Australia, master's and doctoral degrees are typically more expensive than undergraduate degrees.

Studying at public universities in Australia is less expensive than studying at a private university.

Accommodation

Accommodation accounts for a big expense worry for international students in Australia. The cost of living in Australia varies on the type of accommodation you choose to live in. Most universities have facilities for the accommodation of international students and they are offered at discounted rates. The cost of accommodation in private housing outside of campus depends on the place where you stay and the kind of accommodation you choose.

Exchange Rate

When figuring out how much it will cost you to live in Australia, exchange rates should be considered. If you are a resident of a country that has a strong currency in comparison to Australia, then you will not find living very expensive in terms of your home currency. However, living in Australia can tend to be expensive for students whose home currency is not very strong compared to the Australian Dollar.

It is also very important to factor in the charges for conversion of your currency into Australian currency as some banks and exchange places mark up prices for currency exchange. This can push up your living expenses considerably in the long term.

Location

Certain locations in Australia are more expensive to live in than others. The location of your university in Australia is another factor that decides how much your living expenses will be. Living costs in Australia for international students is higher if they reside in places like Sydney, Melbourne or Canberra. Australia has six states, each with a capital city that is more expensive than any other in the nation. Adelaide is among the most affordable places in Australia for overseas students. Living in Adelaide is 60% cheaper than living in a city like Sydney. Your living expenses can therefore be very high or on the cheaper side, depending on where you attend your university.

Spending Habits

Your spending habits ultimately decide how much your living expenses in Australia come up to. The amount of money you spend on eating out or for other entertainment purposes can increase your living expenses in general. You should plan out your budget and spend with caution if you want to keep your cost of living in Australia minimal.

The average cost of accommodation in Australia

Housing is the main expense for an international student after the fees required to study in Australia. The cost of accommodation not only includes the rent of a house but also the money requires for utilities and services. Cost for utilities especially needs to be factored in if you plan on living in accommodations outside your university.

University Hostels

The least expensive alternative for your stay in Australia as a student is to stay on campus. Most universities offer subsidized accommodations to international students. The average cost for on-campus accommodation in Australia is approximately AUD 90 - AUD 280 per week.

Read this also: Life After Graduation in Australia for International Students

Rented Accommodation (single)

You can rent out places for yourself outside of campus. You may keep your Australian living expenses to a minimum by renting one of the available one-bedroom flats. Rent for rental spaces ranges from AUD 165 to AUD 440 per week on average.

Rented Accommodation (shared)

Share housing with your classmates to save as much money as possible on living expenses. Sharing a place to stay allows you to split the cost of utilities and reduce your lodging expenses. In Australia, the typical weekly rent for a shared residence is between AUD 85 and AUD 215.

Homestays

A living option for international students in Australia is homestays. You live with an Australian family for the duration of your course. This option is great especially if your university is located in an expensive part of Australia. The average housing expenses for a homestay is AUD 110 to AUD 270 per week.

You might also like: Study at Curtin University, Australia

Conclusion

If you are living in rented houses, then you also need to pay for utilities like gas, electricity and internet among others. In Australia, gas and electricity bills often total between AUD 10 and AUD 20 per week. You will have to pay between AUD 15 and AUD 30 a week for internet access.

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