How Much Should A College Student Spend On Rent

How Much Do College Students Spend on Rent and Transportation.

How much should a college student spend on rent. For some graduate students this rule of thumb is unfortunately useless and discouraging. Regardless be honest with yourself and think about how much money you spend outside of your rent costs. She earned about 500600 per month after taxes working 1015 hours per week in a restaurant.

Whether your brand is an on off-campus housing company or you offer dorm or apartment furnishings housing needs for college students is a faucet of revenue that never turns off. How much should you spend on rent with a 41k salary. To calculate how much you should spend on rent youd simply multiply your gross income by 30.

Of the 61224 identified as average annual expenditures 20091 or 328 went towards housing making it the largest expenditure. Given that rent can be the most significant expenditure for a student outside of tuition establishing a monthly budget with a comfortable rent is crucial. College students need to spend 1400-2100 monthly for the different expenses they incur.

On average students in Australia 255 USD spend the most on their weekly rent 19 percent more than the global average. How much do college students spend. Each month they gave her 1000 all of which came from savings and their income to cover basic expenses like rent utilities and food.

According to College Board room and board fees can range from 3520 at two-year colleges to 11580 at four-year colleges. The 30 threshold a trusted rule of thumb details that you should spend approximately 30 of your gross income on rent. In certain high cost-of-living areas rent can be 50 or more of a stipend.

How much of their spending is discretionary. College students spend an average of 11140 on living accommodations and 2800 on transportation over the course of their time in school. College students tend to spend a lot of money some responsibly and some not.