How Much Does The Average College Student Spend On Rent

How Much Do College Students Spend on Rent and Transportation.

How much does the average college student spend on rent. The average first-time college student takes 2 trips home per year. How much do college students spend. Every state allows landlords to charge a security deposit but the amount varies.

The rent figure is the mean of the National City regions single rent a room cost. The average cost of a dorm at a college falls somewhere between 8000 and 13000 per year but of course the exact cost of your room and board will depend on the school you choose. The average college student spends 16500 on Rent throughout a 4-year degree.

One thing to keep in mind when it comes to the cost of your dorm is that your personal supplies such as towels hygienic products and grooming items are NOT included. This cost will vary based on the distance traveled. If we assume the typical student graduates at 23 theres a significant portion of this cohort that has already paid off their loans.

Its probably no surprise that rent takes the biggest chunk out of the student budget. What do college students buy the most. College students tend to spend a lot of money some responsibly and some not.

A student living on campus is going to need an average of 25 to 50 per week to cover their. Regardless be honest with yourself and think about how much money you spend outside of your rent costs. Of the 61224 identified as average annual expenditures 20091 or 328 went towards housing making it the largest expenditure.

4500 Be sure to budget for additional food as well Travel. Money left over847 Other 424 per month. College students need to spend 1400-2100 monthly for the different expenses they incur.