Cost of Living in the US
Calculate the Approximate Living Expenses in the USA
Planning to study at a US University? You must be wondering what the cost of living in the USA will be? The living expenses in the USA vary from one individual to individual and state to state, and it takes several factors into account to calculate the expenditures.
Average Monthly Cost of Living in the US
|New Orleans||1,100 - 2,500|
|Seattle||1,500 - 2,500|
|Chicago||1,300 - 2,500|
|Detroit||1,000 - 1,800|
|Boston||1,500 - 2,500|
|Miami||1,500 - 3,000|
|Atlanta||1,200 - 2,200|
|Philadelphia||800 - 1,300|
|Washington D.C.||1,700 - 3,000|
|New York City (NYC)||1,700 - 3,000|
|Los Angeles||1,500 - 2,500|
|San Francisco||2,200 - 4,000|
|San Diego||1,400 - 2,400|
|Dallas||1,000 - 2,000|
|Houston||1,000 - 2,000|
|Outskirts of Campus||600 (1BHK) in Rural Areas
3,000 (1 BHK) in Boston
|Dorms off Campus||450 (room shared by four students)|
|Hostel on Campus||2450 - Public University
2775 - Private University
Average Cost of Study in the US
US States with Highest Cost of Living
- District of Columbia
- New York
US States with Lowest Cost of Living
- New Mexico
The average monthly cost of living in the USA will always be a thing of your concern if you are going to study on a loan or don’t come from an affluent society. You will be surprised to know that the monthly living expenses in the USA are a crucial factor in deciding the university of your choice. You must factor in all the details regarding the average monthly cost of living in the USA by researching, reaching out to friends or family who might be living or have lived there. It will be beneficial.
Once you have a brief idea of the monthly expenses, it will narrow down your choices, and it will result in effective finance throughout your course at the University.
Oklahoma is the second most affordable state with one of the lowest living costs in the USA per month. The median household income is pegged at $54,449. And if you are looking for a rented space, you can get a 2BHK apartment at $849 per month. It is one of the most sought places owing to the most affordable cost of living in the USA for Indian students.
Arkansan comes at number three when it comes to offering reasonable average expenses in the USA. Arkansas has the lowest rates for housing, transportation, and healthcare facilities. The overall prices are way below the national average monthly cost of living in the USA. The cost of living index is 87.8, while the rent is around $708. The median income in the state is $45726, which gives a clear picture of a reasonable price compared with other states with a relatively higher average cost of living in the USA.
Kansas comes at fourth place in terms of the affordable cost of living in the USA. The cost of living index is at 87.9. The usual rent is approximately $752/month, making the place a most liked state among Indian students. The cost of living in the USA for Indian students is a crucial factor since most of you will go on loans and scholarships. With a median income of $57422 and wages at $48052, you can easily pursue higher education without overly burdening the finances.
Other states in the top 10 include Missouri, Georgia, and Alabama.
The second number is of Washington DC, wherein you will have to pay more than the average expense in the USA. When you compare the rents in Washington with Hawaii, they are pretty high and, on average, amount to $2776/month. The living index is 158.4 that will increase your living expenses in the USA. However, the average living wage is also the highest in the USA.
Even though California has the third-highest average monthly cost of living in the USA, it has some finest universities like UC Berkley and Caltech. The cost of living index is 151.72, but you will have to pay a lot in rent. The average rent for a 2BHK apartment is more than $2900, and it will affect your finances. The high cost of living in the USA may affect your loan amount and other expenses.
If you are planning to pursue higher education in the USA, the state of New York must be in your mind. But you should keep in mind that the cost of living in the USA for Indian students can be a costly affair. The cost of living index is relatively low at 134.2, and the average rent for a 2BHK apartment can be around $1500 in New York State. But in New York City(NYC), rents are sky-high, and it can be about $3700/month. New York has one of the highest living costs in the USA per month, and it can be even higher depending on your locality.
As far as the fee is concerned, the USA offers you an excellent education with high fees. In the US, there are two types of universities, one the public and another the private. The state governments do the funding for public universities, and they have relatively less fee than the private universities. The private universities have to depend on the tuition fees paid by the students and donations from corporates and other organizations. However, private universities are more sought than public universities. All the top American universities you might have heard of are private, Harvard, Stanford, Yale, MIT, etc.
The fee, as mentioned above, is for a bachelor’s degree, and it also varies from one stream to another. Usually, the fee for STEM courses is higher than others in both public and private universities.
For a masters’ degree, the fee for public universities is approximate $25000, while in private universities, it is around $41000. Again, the fee can vary from one course to another. You will have to pay more for professional courses owing to more job opportunities and fewer seats. Although the fee is fixed, the average monthly cost of living in the USA will vary for you, and you should always bear this in mind.
Average monthly expenses in the USA vary from one city to another. Here is the approximate cost of living in the USA for Indian students to help you chalk out the appropriate financial plan during your stay.
There are workplaces where they provide you with quality food if you are planning to take a part-time job while studying at university.
The rate of monthly passes varies from one state to another. In some states, the cost can be as high as $100, while in some, it can go as low as 50 or even lower. So it solely depends on you as to how you will let the transportation cost affect your cost of living in the USA. Some students also take second-hand cars, and the gasoline prices vary across states.