Which city is best value to be a student in?
The latest Student Living Index by NatWest shows huge differences in the cost of studying from one part of the country to another.
Edinburgh is the most expensive city in the UK for students to live and work in, while Portsmouth is the cheapest.
The survey questioned 2,500 students about their money and took income and expenditure into account to come up with the rankings. It also looked at their approach to managing their money.
Edinburgh came out at the bottom of the table as a result of high rent combined with low incomes. They pay an average of £112.05 on rent per week, compared to around £110 across the UK. Oxford’s rents were the highest at £135.38. However, Edinburgh students were also revealed to be the highest social spenders, shelling more than the average on alcohol every week.
The cheapest cities on the Student Living Index were Portsmouth, Liverpool, Newcastle and Belfast.
CA students are not included in that number as they aren’t full-time undergraduates. If they were, the results may have been quite different. Of the students questioned, 39% don’t use a budget to keep track of their money, and 52% find managing their money stressful.
What are your thoughts? Did you consider finances when you picked your city? Do you think CA students are better with their money? You can also email us at firstname.lastname@example.org.