How Much Should A College Student Spend On Rent

Of the 61224 identified as average annual expenditures 20091 or 328 went towards housing making it the largest expenditure.

How much should a college student spend on rent. But even in pricey markets its worthwhile to take a hard look at yourself and your surroundings to make the best choice you can among your limited options. She earned about 500600 per month after taxes working 1015 hours per week in a restaurant. The average amount students pay for rent in the UK is 146 per week which works out at around 633 per month.

How Much Spending Money Does a College Student Need Per Week. Fixed expenses are those that are mandatory and not likely to change on a month-to-month basis. According to College Board room and board fees can range from 3520 at two-year colleges to 11580 at four-year colleges.

Each month they gave her 1000 all of which came from savings and their income to cover basic expenses like rent utilities and food. For some graduate students this rule of thumb is unfortunately useless and discouraging. As you may expect the uni with the students paying the most in rent is based in London or at least part of it is anyway.

How much should you spend on rent with a 41k salary. How much do college students spend. To calculate how much you should spend on rent youd simply multiply your gross income by 30.

If you have debt payments like student loans credit cards and car notes you will have to factor these in too in choosing how much you can afford in rent. So if your monthly take-home pay amounts to 3000 multiply that by 30 and you should spend no more than 900 a month on an apartment. For example if your gross monthly income is 5000 the maximum you should be paying for rent is 1500 30 of 5000 is 1500.

What do college students buy the most. Read on for the answers to such interesting and relevant questions. Things like entertainment groceries transportation cost for books and even tuition should.