Australia offers quality higher education at an affordable price. Seven Australian universities were in the Top 100 of the QS World University Rankings 2022. However, the cost of living in Australia for Indian students may be a bit higher. Students are always concerned about the cost of living. Cost of living in Australia for Indian students. A guide will enlighten you on the costs associated with living and studying in Australia. The cost of studying in Australia will depend on your university, the course you choose and the location. This blog post will serve as a guide to better understand the cost of living in Australia. It also serves as a rough guide.
Tips for saving money in Australia
- Prepare a monthly budget
- Save on electricity bill
- Take advantage of paid public events
- To save money
- Traveling by public transport
Cost of Living in Australia for Indian Students – Cost Factors
- Type and cost of a university- The cost of your studies in Australia depends on the university in which you registered for higher studies. Most will also depend on the course you are admitted to. A large part of your education cost will include tuition. Basically, masters and doctoral degrees cost more than undergraduate degrees. Also, Australian public universities charge less than private ones universities in australia. However, international students have to pay more tuition fees than domestic students.
- Lodging- The cost of living in Australia for Indian students also depends on the type of accommodation you choose. On-campus accommodation, i.e. halls of residence, is cheaper than homestays or private apartments.
- Exchange rate- While doing the cost of living in Australia for students, exchange rates need to be addressed. If your country has a stronger exchange rate than Australia, your cost of living will be cheaper in terms of the national currency. But if your exchange rate is cheaper than the Australian dollar AUD$, then studying in Australia can be expensive. Some banks and money changers will also charge for converting your currency to Australian currency (money changer). It will also increase the cost of living in Australia.
- Location- Australia The cost of living for students varies from place to place. Some places are more expensive to live than others. The location of the university is also one of the important factors affecting the cost of living in Australia. The cost of living in places like Sydney, Melbourne or Canberra is much higher and expensive than other places.
- Spending habits- Your spending habits also have an impact on the cost of living in Australia. If you frequently spend on dining out or other forms of entertainment, it can significantly increase living expenses.
Cost of living in Australia for students – Accommodation
- University Hostels- University hostels or on-campus accommodation are the cheapest options available to international students. Universities provide subsidized housing for students. The average cost of on-campus accommodation is around AUD$100-AUD$300 per week (approximately)
- Rental housing (single mode)- You can also opt for off-campus rental accommodation. You can also save the cost of living in Australia by choosing to stay in one-bedroom spaces. The average weekly rent for this type of accommodation is around AUD 160 to max. 450 AUD (approximately)
- Rented accommodation (shared)- You can even reduce your accommodation costs by sharing accommodation with your roommates or associates. Shared housing helps minimize living costs by spreading the price of utility bills among your peers. The average weekly rent for shared accommodation between flatmates is around 80 AUD to 215 AUD (approx.)
- Host families- Homestay options are ideal for international students if your university is located in an expensive part of Australia. Homestays allow you to live with an Australian family until the end of the course. Average homestay expenses are around AUD 110 to AUD 300 (approximately) per week.
|Inns and bed and breakfasts||$90 to $150 per week (approximately)|
|Shared rental||$100 to $220 per week (approximately)|
|On the campus||$90 to $180 per week (approximately)|
|Host family||$250 to $350 per week (approximately)|
|Rent||$185 to $450 per week (approximately)|
Australia Cost of Living for Students – Travel Expenses
Australia boasts of an excellent public transport system, which keeps transport costs to an absolute minimum. Trains and buses are the best choices of public transport systems and are also affordable. If you live on campus, you can also take advantage of the transport systems organized by the universities.
A bus ticket costs on average 3 AUD (approximately). If you book a day pass AUD 8 (approx) if you are a frequent traveler. The average cost of a taxi ride is 4 AUD (approximately).
|One-way local transport ticket||$3-6 (approx)|
|Taxi 1km||$2 to $4 (approximately)|
|Monthly pass||$100 to $225 (approximately)|
|Gasoline (1 liter)||$2 to $4 (approximately)|
Australia Cost of Living for Students – Food and Grocery Expenses
Food and groceries are an important part of the cost of living for students. If you manage the kitchen by yourself, the average price for groceries would be around AUD 500 to AUD 1,200 (approximately) per month. If you plan to dine out, an average meal would cost between AUD 20 and AUD 80 (approximately), depending on where you dine.
Other living expenses
|Expenses||Costs per week|
|Grocery and catering||$150 to $300 (approximately)|
|Gas, electricity||$10 to $25 (approximately)|
|Telephone and Internet||$15 to $30 (approximately)|
|Entertainment||$80 to $200 (approximately)|
Australia has been voted as one of the best places to live and the opportunities it offers for international students. The country has a relaxed visa process. Keep in mind that the cost of living in Australia for Indian students may be higher than in your home country. I hope this blog post helps you get an estimate of the cost of living in Australia. Please leave a comment and share the post.