purse with money sticking out

Student dwelling prices within the UK 2021

The student finances is a difficult factor to pin down – however our newest National Student Money Survey reveals the place students’ cash goes as soon as and for all…

purse with money sticking out

Credit: Yevgen Kravchenko, kamui29, Bell Photography 423 – Shutterstock

We all know that student dwelling generally is a dear enterprise – however, simply how dear is it?

Rather than taking wild guesses, we are able to inform you what your anticipated dwelling prices are, based mostly on what hundreds of different students are telling us.

Whether you are desirous to finances your month-to-month bills, or just see how your spending compares to the typical student, we have got all of the stats on student dwelling prices that you just want.

Average student dwelling prices

Expense Cost monthly
Rent £418
Groceries £100
Going out £46
Transport £43
Household payments £37
Takeaways £33
Clothes & buying £29
Holidays £22
Mobile telephone £16
Course supplies £16
Health & wellbeing £13
Gifts & charity £12
Other £10
TOTAL £795

In our newest annual National Student Money Survey, we requested 3,161 students the place all their cash goes, and the outcomes had been fairly attention-grabbing.

The common student dwelling prices are about £795 a month (or £183 every week), with our findings revealing that the Maintenance Loan typically falls means in need of protecting students’ dwelling bills.

It’s in all probability no shock that lease takes the most important chunk out of the student finances. Although this determine is definitely £13 lower than in 2019, that stat was up £25 from 2018 and £37 from 2017 – so the long-term development has nonetheless been one among rising prices.

Groceries are the second largest expenditure for students, coming in at £100 a month. This would possibly appear to be loads, but it surely breaks down to only £23 every week, which is not too dangerous for a weekly meals store. Nonetheless, to chop down the prices of groceries additional, try our information to saving cash on meals and even strive our weekly meal plan.

Everyone is aware of that students love a great social gathering, and it seems £46 a month is spent on going out. Some could be shocked that that is virtually thrice the quantity students spend on track supplies however, with tuition charges at such a excessive fee, there’s growing stress on unis to maintain additional course prices to a minimal.

Students additionally estimate they spend £37 a month on payments which embrace fuel, electrical energy, water, broadband and a TV Licence. Our full information to student payments has step-by-step recommendation on find out how to arrange, change, break up and finally save on payments.

Which students spend essentially the most?

Surprisingly, solely three of the schools within the prime 10 for complete spending (after lease) are based mostly in London – the University of Westminster, the Royal Academy of Music and the University of Greenwich.

That stated, three of the opposite universities within the prime 10 are based mostly within the south of England: Buckingham, Canterbury Christ Church and Hertfordshire, which ranked first, fifth and sixth respectively. Just one non-English uni made the highest 10, with Scotland’s personal Glasgow breaking the established order.

The very lowest spenders are these at Durham, Edge Hill and Leeds Arts, though Durham’s students are the one ones with a median month-to-month outlay of lower than £200.

At some unis, the typical value of payments is very low (£3 at Aston!) – however keep in mind that these figures are averages. Numerous students’ payments will likely be included of their lease, so they’d probably have reported that their payments value £0.

The desk beneath lists all universities and the typical that students spend on dwelling prices, after lease. How do you examine to your classmates?

Row Labels Total (£) Groceries (£) Takeaways & consuming out (£) Socialising (£) Transport (£) Bills (£) Mobile telephone (£) Clothes (£) Health & wellbeing (£) Course supplies (£) Holidays & occasions (£) Gifts & charity (£) Other (£)
Buckingham 827 150 43 150 133 133 13 33 53 53 33 30
University of Law 810 150 45 20 75 135 30 25 25 260 25 20
Royal Academy of Music 769 267 33 83 200 37 11 38 20 57 10 3 10
Westminster 686 100 76 50 136 22 10 41 23 35 22 21 150
Canterbury Christ Church 639 183 33 48 89 86 32 35 4 28 85 18
Hertfordshire 624 108 63 80 200 34 28 43 19 14 30 8
Open University 584 144 47 43 82 105 26 41 23 16 31 13 12
Derby 584 164 44 19 56 145 16 40 6 20 4 15 56
Greenwich 571 118 33 59 128 55 24 58 15 34 25 18 5
Glasgow 522 110 46 59 52 57 22 31 23 18 93 13
Liverpool John Moores 492 119 66 78 64 20 12 59 33 19 10 10 3
Bedfordshire 479 95 20 65 97 37 22 12 11 75 7 8 30
King’s College London 473 113 43 66 53 39 19 48 20 12 22 17 21
University for the Creative Arts 472 107 24 38 80 61 14 25 11 88 13 7 4
Highlands and Islands 469 161 90 4 62 114 15 2 16 5
Bradford 468 146 47 23 52 28 41 27 27 24 4 28 20
University of the Arts London 463 132 42 68 34 22 23 22 36 76 5 3
Edinburgh Napier 463 103 30 41 68 64 25 21 10 7 81 10 1
Teesside 457 151 24 54 73 36 22 26 9 22 17 19 7
Queen’s Belfast 454 110 43 43 72 48 22 43 22 8 31 12
Salford 451 131 41 48 65 41 16 28 11 20 37 15
Roehampton 449 99 45 36 20 63 23 28 40 13 25 19 40
Brunel 446 94 34 28 73 60 6 23 13 6 102 7
Royal Central School of Speech and Drama 446 166 30 33 93 33 5 15 16 16 13 18 10
Aberdeen 445 124 54 64 30 63 15 27 15 26 12 13 2
West of England, Bristol 444 116 37 51 59 46 18 23 15 17 18 19 26
Swansea 436 119 38 64 32 20 9 58 7 7 51 23 8
UCL 435 135 32 38 91 36 11 29 20 9 14 14 7
Huddersfield 435 127 39 37 42 60 27 40 14 9 14 15 10
Strathclyde 433 107 48 62 39 33 28 31 17 11 43 13 2
Loughborough 427 89 26 50 43 17 5 51 13 19 83 13 18
Oxford Brookes 426 121 24 43 41 65 16 21 20 34 16 22 3
Bath Spa 426 145 19 25 32 104 17 21 18 17 13 15 1
Staffordshire 426 76 68 68 53 15 21 48 10 18 20 16 15
Kent 426 103 38 46 44 44 20 14 7 12 74 24
Northumbria 421 124 46 61 19 52 13 54 12 8 26 1 4
Imperial College London 420 116 41 46 75 35 17 39 14 11 11 14
Wolverhampton 419 66 36 38 52 34 27 37 11 72 4 42
Chichester 419 116 48 54 45 27 17 32 7 12 45 18
Stirling 415 147 38 65 66 18 29 28 13 9 1 3
Kingston 415 79 54 29 69 13 21 21 21 24 68 10 7
Birmingham City 414 103 29 30 39 25 13 30 12 14 10 8 102
South Wales 409 123 44 74 54 7 19 29 20 14 16 7 2
Bucks New 406 59 44 112 27 38 34 31 14 14 28 5
Liverpool 405 102 30 60 32 45 21 29 15 16 33 16 5
Exeter 398 96 21 42 36 60 19 27 17 18 16 12 36
Ulster 396 74 54 64 75 28 27 42 20 4 8
West London 396 131 41 30 55 61 10 20 5 16 20 7
Sussex 394 99 24 44 87 29 15 22 18 8 34 9 4
Leeds Beckett 389 73 42 42 33 33 17 30 8 57 18 32 4
Heriot-Watt 387 78 18 45 52 13 14 17 12 7 33 8 88
Brighton 386 101 35 58 47 38 15 24 16 9 17 10 19
St Andrews 384 114 66 53 10 24 5 25 11 10 28 13 25
London South Bank 383 94 76 51 83 35 22 3 3 8 10
Winchester 382 118 32 55 37 30 10 30 10 18 32 13
Norwich University of the Arts 378 134 58 52 8 33 8 50 16 8 4 7
Queen Mary 378 88 24 34 69 53 12 35 26 26 3 10
St Mary’s 375 55 12 63 20 13 26 50 23 22 72 18
Abertay Dundee 373 93 23 27 23 125 20 10 22 23 7
York St John 372 118 31 43 43 20 17 44 11 9 26 6 5
West of Scotland 371 80 19 32 71 24 23 19 52 30 10 11
Edinburgh 370 108 41 48 24 27 8 28 12 6 42 15 11
UCLan 369 87 41 43 53 26 17 27 10 17 22 25 3
Leeds 369 95 29 62 20 41 16 30 10 13 28 11 14
Southampton Solent 369 107 28 39 14 37 16 26 10 13 19 14 49
Essex 368 88 27 49 83 42 14 23 8 11 7 9 7
Bournemouth 368 91 34 55 33 53 16 24 15 19 16 7 6
Bristol 367 115 30 53 20 55 14 25 12 6 14 21 3
Sheffield Hallam 363 86 31 70 28 18 15 33 13 18 31 11 9
Warwick 363 113 32 33 34 60 15 23 13 7 23 11
Dundee 361 87 30 44 27 25 18 36 14 18 51 12
Northampton 361 113 31 59 31 9 22 36 14 20 9 9 10
St George’s 360 74 37 54 74 24 15 30 6 9 14 13 10
Sunderland 360 93 17 30 22 62 21 30 16 3 67
Chester 356 93 44 60 38 20 12 29 17 4 15 13 12
Reading 355 87 36 51 41 31 14 27 20 11 19 15 4
Bath 351 102 31 39 54 40 16 22 9 4 22 9 3
Cardiff 350 104 31 55 30 36 17 21 9 11 15 18 5
Keele 349 97 28 33 36 33 18 36 8 8 13 22 16
LSE 348 60 20 20 41 44 23 30 14 28 46 21
Harper Adams 343 128 16 26 54 20 10 23 6 18 20 12 10
Worcester 339 106 27 10 21 54 23 23 13 5 8 50
Sheffield 333 98 28 52 25 20 12 23 15 6 41 8 5
Manchester 331 81 40 48 36 32 16 25 13 6 23 8 4
Wrexham Glyndŵr 330 105 23 15 30 25 38 10 15 20 10 15 25
Cardiff Metropolitan 327 110 30 55 27 25 5 25 10 5 35
Robert Gordon 326 47 22 25 60 45 8 20 22 37 27 15
York 326 105 21 52 18 16 13 28 14 14 5 9 30
Cambridge 323 106 38 26 5 31 4 15 7 80 2 9
University College Birmingham 323 125 30 25 40 50 10 10 10 3 10 10
Newcastle 322 91 28 44 20 28 14 23 11 5 30 15 15
Manchester Met 322 81 29 25 45 30 17 35 12 21 16 7 6
Royal Holloway 322 127 23 57 20 33 12 30 10 10
Falmouth 317 78 13 53 60 48 12 9 3 16 3 13 13
Portsmouth 311 94 28 42 29 46 14 22 7 7 11 7 5
Nottingham Trent 309 89 24 54 37 24 22 22 10 13 8 6
Southampton 304 91 28 41 19 38 9 28 12 4 18 11 6
De Montfort 303 85 27 23 35 41 13 23 10 19 4 17 9
Coventry 303 98 22 27 32 40 12 24 11 8 10 10 9
Royal Veterinary College 303 76 23 61 42 26 23 15 13 10 3 10
Glasgow Caledonian 301 46 38 47 30 20 20 34 8 2 20 2 34
Aberystwyth 300 76 28 52 24 36 23 25 11 8 6 11
Nottingham 298 82 37 43 29 24 15 23 12 10 12 10 1
Birmingham 297 81 30 37 27 25 12 25 13 11 13 15 8
Bangor 296 107 20 38 31 27 9 22 10 10 13 8
Plymouth 290 93 23 25 27 22 13 20 13 15 13 13 13
Surrey 289 93 21 31 32 22 18 24 8 7 17 9 7
City, UoL 289 80 51 32 38 30 17 16 9 10 2 4
Leicester 283 78 20 28 41 41 14 11 10 5 10 24 2
Middlesex 276 58 27 47 55 22 6 23 8 5 10 17 1
Lancaster 275 105 32 35 29 5 17 18 9 8 8 8
Oxford 260 79 32 46 13 20 5 23 9 12 12 11
Goldsmiths 257 60 28 23 57 20 7 43 5 3 10
Aston 251 51 21 31 40 3 13 17 14 6 36 20
East Anglia 248 67 27 58 21 26 11 12 7 6 7 6
Lincoln 244 98 31 27 17 9 11 19 10 4 1 5 13
Hull 240 70 22 29 25 8 20 19 18 18 2 4 5
Leeds Arts 213 48 13 28 13 24 15 10 8 18 25 15
Edge Hill 211 63 20 45 16 4 6 19 8 12 5 16
Durham 191 64 14 32 11 22 9 10 10 3 9 8
AVERAGE
389
102
34
46
48
39
17
27
14
19
21
12
7

The knowledge has been filtered to exclude universities the place there weren’t sufficient respondents, or the place the outcomes included vital outliers.

Average student lease per week

There’s no denying that the price of lease is the most important monetary fear for lots of students. As universities enhance the standard of their halls of residence, their lease costs are going up, and personal landlords are more and more charging extra too.

READ:   How to Refinance Student Loans With Bad Credit

Rent costs range massively throughout the nation, with landlords in London typically charging essentially the most (students in London obtain a bigger Maintenance Loan to accommodate this).

The desk beneath exhibits the typical value of lease at totally different unis across the nation, so you may see the place you will be paying essentially the most, and the place you will get the most affordable deal.

Row Labels Average of Rent
LSE 203
Birkbeck 185
West London 183
Gloucestershire 180
University of the Arts London 177
King’s College London 174
UCL 173
Goldsmiths 173
City, UoL 172
Oxford 169
Greenwich 162
Courtauld 159
East London 155
Bucks New 151
Middlesex 148
Suffolk 147
Westminster 147
De Montfort 145
Aston 145
Cumbria 145
Kingston 143
Royal Academy of Music 141
Imperial College London 140
Edinburgh 140
Conservatoire for Dance and Drama 138
Bath Spa 138
Warwick 138
Brunel 137
Royal Veterinary College 136
St Andrews 135
Brighton 135
Loughborough 135
Canterbury Christ Church 133
Hertfordshire 133
Bangor 132
Surrey 131
Heriot-Watt 129
Durham 129
Edinburgh Napier 128
St Mary’s 127
Falmouth 126
Roehampton 123
Staffordshire 123
Northampton 123
St George’s 123
West of England, Bristol 123
Reading 122
Manchester Met 122
Winchester 121
London South Bank 120
Sussex 120
Chichester 119
Bath 117
Cambridge 116
Nottingham Trent 114
Norwich University of the Arts 114
Exeter 113
Strathclyde 113
Abertay Dundee 113
Bournemouth 112
Plymouth Marjon 112
Bristol 112
Glasgow 111
Glasgow Caledonian 111
University for the Creative Arts 111
York 110
Royal Holloway 110
Worcester 110
University of Law 110
Queen Mary 108
Bradford 108
Oxford Brookes 107
Nottingham 107
Plymouth 107
Liverpool 107
Leeds Beckett 107
Lincoln 106
Dundee 106
Birmingham City 106
Kent 105
Essex 104
Liverpool John Moores 103
Swansea 103
Portsmouth 103
Edge Hill 103
Aberdeen 102
West of Scotland 101
Manchester 101
Leeds Trinity 100
Huddersfield 100
Chester 100
York St John 100
Southampton 99
Sheffield 99
Keele 98
Leeds 97
Coventry 96
Newcastle 95
Birmingham 94
Open University 93
Lancaster 93
Leicester 93
Bedfordshire 92
BPP 92
Cardiff Metropolitan 92
Bolton 92
Rose Bruford College 92
Salford 92
Northumbria 91
Aberystwyth 90
Highlands and Islands 90
Sheffield Hallam 90
Southampton Solent 88
Newman 87
Stirling 87
Royal Conservatoire of Scotland 87
UCLan 86
East Anglia 86
Cardiff 85
Liverpool Hope 83
Anglia Ruskin 81
Teesside 81
Sunderland 79
Robert Gordon 78
Derby 78
Wrexham Glyndŵr 77
South Wales 76
Harper Adams 76
Hull 75
Queen’s Belfast 71
Trinity St David 69
Writtle College 69
Ulster 66
Leeds Arts 59
Wolverhampton 45
Buckingham 28
AVERAGE 97
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The knowledge has been filtered to exclude students dwelling at residence, universities the place there weren’t sufficient respondents, or the place the outcomes included vital outliers.

Is the Maintenance Loan sufficient?

infographic about maintenance loans

It’s all very properly understanding how a lot students spend every month – however the massive query is, how do they pay for it? 

The majority of students will likely be eligible for some type of Maintenance Loan to cowl their dwelling prices at college, however most students report that it would not stretch far sufficient. The common student receives simply £572 a month from their Maintenance Loan, which falls £223 a month brief of protecting the typical dwelling prices (£795 a month).

In truth, 55% consider the Maintenance Loan is not large enough.

Students advised us:

After obligatory bills for the semester, my weekly finances would not cowl emergencies I could have.

The overwhelming majority of students handle their cash properly and simply discover that there is not sufficient of it to go round.

Over two thirds of students (68%) flip to their mother and father for additional funds, with students getting a median of £131.31 a month from their mums and dads.

But, fewer students than final 12 months are counting on cash from their mother and father. Many are turning to methods to generate profits from residence, and the proportion of students getting a part-time job was up from 67% in 2019 to 74% in 2020.

There’s additionally been a noticeable enhance within the proportion of students who would flip to intercourse work within the occasion of a money disaster – 10%, which is a considerable enhance on the 6% determine recorded in 2019.

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It’s clear that the Maintenance Loan is not sufficient to cowl dwelling prices for the overwhelming majority of students, and the federal government must make some critical adjustments to Student Finance in an effort to repair this.

To make your Maintenance Loan last more, try our information to budgeting at college.

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