For overseas students, the annual cost of living in the United States averages $25,000 (or 20 million Indian Rupees). The complete cost of studying in the US, including living expenses, must be factored into a student’s budget. Included in the overall cost of living in the United States are the costs of housing, food, laundry, transportation, communication, entertainment, and personal care. The average cost of living in the United States is higher or lower depending on factors such as geography, diet, and housing. The cost of transportation for those living off campus is based on how far they live from the school’s main campus. Students in need of financial relief might research the many available full or partial scholarship opportunities in the United States.
Money Needed to Cover Basic U.S. Living Expenses
The average cost of living in the United States is around $1,500 per month or $10,000 per year. All of your lodging, meals, transportation, literature, clothes suited for the weather, and leisure activities are included in this total.
Studying in the United States is a popular choice for international students due to the country’s welcoming culture, academic quality, cultural variety, and abundance of employment prospects upon graduation. Despite this, 1.67 lakh Indian students enrolled in American higher education institutions in 2020-21, according to the most recent Open Doors Report. There was a 13% decrease in the number of Indian students studying in the US in 2019-2020, compared to the previous academic year.
Lower numbers of international students enrolling at U.S. institutions may be attributable to a combination of factors, including the COVID-19 limits and the increased cost of living experienced by international students in the United States. For international students, the living cost in the United States is greater than in other countries such as Canada, France, Malaysia, etc. Where will they live? Is the budget prepared enough to cover food, insurance, and school bills? How much money you should set aside for unexpected costs? These are just several issues that might occupy the thoughts of foreign students.
Extra U.S. Cost of Living
The following expenses are reasonable to expect for students studying in the United States. Inflation and other outside factors might cause annual cost increases of roughly 6-9%. According to EducationData.study Org’s “College Tuition Inflation Rate,” the yearly inflation rate in the United States (in higher education) was 8% in 2013. Keep aside $2,000 for unforeseen costs in the USA. The following are examples of what can constitute extra costs of living in the United States:
- Vacation airfare between India and the United States
- Spending a lot of money on a computer, couch, or vehicle hire.
- Dental, vision and cosmetic procedures are only a few examples of out-of-pocket medical costs.
- Costs for living expenditures (such as rent or a student flat) and food over the summer months if you want to remain in the United States during this time while classes are not in session.
- Costs above those of regular tuition and fees, such as those incurred for travel to and from events that
- Fun activities, hangouts with friends, and weekend getaways
