Cost Of Living In Canada As An International Student
Undoubtedly, studying abroad is an exhilarating experience, but it comes with its share of practical considerations, especially when it comes to budgeting. As a foreign student, it’s essential to have an approximate idea of the expenses you’ll incur during your stay in Canada. So, how much will it really cost to live the student life in Canada?
Here is a little breakdown.
Note: CAD means Canadian dollars.
1. Rent
Finding an affordable place to live can feel like discovering a hidden gem on a hiking trail. The search for a pocket-friendly home in Canada can be a daunting task, with rental prices ranging from $400 to $600 CAD per month, depending on the city you choose. If you’re looking for a better deal, shared accommodation or exploration of neighborhoods outside the city center might be worth considering. However, be prepared to pay more if you’re planning to settle in bigger cities like Toronto and Vancouver.
2. Food
Although buying groceries can be quite expensive, In order to keep your expenses in check, a good starting point for a monthly grocery budget is between $200 and $300 CAD. One way to save some cash is to cook most of your meals at home and pack lunches.
3. Transportation
Using public transit passes can be very helpful for your daily commute. Depending on your travel needs, you may need to allocate between $100 and $250 CAD every month. This will help you save money and give you the flexibility to travel anywhere at any time.
4. Other Expenses
It’s important not to overlook additional expenses such as phone plans, internet, and entertainment when budgeting. These items can cost anywhere from $100 to $200 CAD per month, so it’s best to plan accordingly. Don’t forget to factor in the cost of textbooks and course materials as well, as they can also be quite expensive.
5. Making Your Money Stretch
There are some practical ways to save money and still enjoy life. Here are a few tips that might help you out:
- Cook at home: Eating out adds up quickly. Embrace your inner chef
- Hit the library:Textbooks are expensive. Take advantage of free library resources.
- Consider part-time work: While studying comes first, part-time work can help offset your living costs. Just be sure it doesn’t interfere with your studies.
By planning and budgeting effectively, you can have an amazing and enriching experience studying in Canada without breaking the bank.
