As part of their Student Living Index 2016 survey, which looked at student spending habits across the country, it was revealed how much cash is being splashed on everything from rent and bills to alcohol and clothes.
So let’s take a look at what students are spending their money on every week:
The average weekly rent comes in at £109. Students in Belfast are treated to the lowest rent prices in the UK, but those among the most academically gifted aren’t quite so lucky – students in Oxford and Cambridge pay up to £27 a week more than the national average.
It looks like that money saved on rent is put to good use, with students in Belfast spending the most on going out, closely followed by those in both Edinburgh and Newcastle. Meanwhile, students in Cardiff spend the least at around £2 less per week than the average student.
Students in Brighton pay a huge £14.92 every week for their household essentials, while those in Reading pay the least, spending an impressive £3.30 less than average.
Newcastle students take the top spot for amount spent on alcohol, closely followed by their Scottish neighbours in Glasgow. Students in Birmingham spend the least on alcohol, spending £2.73 less a week than the average £6.85.
Clothes, Shoes and Accessories
The average weekly spend for students around the country is £7.35. Students in Belfast and Leeds appear to be the most fashion-conscious, spending the most on clothes and accessories in the UK. Meanwhile, students in Cardiff seem less bothered, spending £2.73 less a week than the average student.
The survey also calculated a cost-effective rating for each university, which was based on average student expenditure on living and accommodation costs divided by average weekly income. In other words, who it looked at who spends the smallest percentage of their total income.
Here’s the breakdown of the top 10 most economical cities to be a student in:
Written by: Megan Cook
Whether you want to grow your skills, get picked up by an employer who needs your specific knowledge, earn more qualifications for your CV, or some combination of the three, the My Need to Live community is here to support you.Join the platform
The My Need to Live Support Directory is a resource created by us to help 16 – 24 year olds find the help, support, organisation or practitioner you need to help them with their wellbeing when they need it.Support directory
Growing up I was often the overweight kid as I think back over my life, taking a looking into my history and the photo album. Pictures of my youth as a young boy who had a normal weight, thin and healthy but as I got older my weight ballooned as I looked no longer healthy. […]
Let’s face it, asking for help sometimes can be tough. It may feel like we are admitting that we don’t know something that we feel we should. Or perhaps we are nervous that someone will laugh at our question. Or be bothered by it. The reality is actually quite different. Most people LOVE to be […]