How Much Does The Average College Student Pay For Rent
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How much does the average college student pay for rent. The rest of the balance of housing money is devoted to utilities household supplies furniture and appliances. Learn how to pay for college by trimming housing costs. The average rentmortgage check is 894 per month.
Rent-this will depend greatly on what area of the country you are going to school in but plan for at least 300 per month and up to 600 a month. Generally to qualify for an apartment you need income rolling in. If youre at a college up north your heat bills can be very high in the winter.
Youll also likely be on the hook for a security deposit equal to a months rent. The average college student spends 16500 on Rent throughout a 4-year degree. Undergraduates living in a college dormitory or campus housing often pay less for a room than they would for off-campus apartments or houses.
Dont sign on for a 12-month lease if you plan to return home for the summer. You can expect an average of 50 per month. The average cost of a dorm at a college falls somewhere between 8000 and 13000 per year but of course the exact cost of your room and board will depend on the school you choose.
Based on the average gross household income of 78635 that percentage comes out to 459 a month. Utilities this will also depend on where you are going to school. Clearly theres an issue here and 53 of students are having to borrow money from their parents banks and friends among other sources to help pay the rent.
The average first-time college student takes 2 trips home per year. College students need to spend 1400-2100 monthly for the different expenses they incur. There are still however lots of costs that come with living in the dorms.
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