Thinking about studying in New Zealand? It's an exciting prospect, but before you pack your bags, let's talk about one of the major expenses: the cost of living. New Zealand offers stunning landscapes and top-notch education, but understanding the financial side is essential for a smooth transition.
There are manyfunding options cover living costs in New Zealand; however, it is always better to know the tentative living expenses to decide which option would fit your needs. In this article, we'll delve into the cost of living in New Zealand, covering everything from accommodation and transportation to food and entertainment.
By the end, you'll have a clear picture of what to expect and how to budget effectively for your study-abroad adventure in this beautiful country. So, let's dive in and get you prepared for your Kiwi experience!
Understanding the Cost of Living for International Students in New Zealand
When you plan to pursue higher education abroad, one of the significant expenses that fall before you is your chosen institution's Tuition Fee. However, following that
comes another substantial cost of living.
Please find below a bifurcation of the cost of living in NZ according to their relevance.
1. Housing Cost
You have various living options as an international student living in New Zealand. The overall cost also depends on the type of accommodation you opt for. For instance, living in Shared Flats or Housestays is more cost-effective than living in Residence halls.
Here are somepopular living options with indicative rent costs.
o Halls of Residence (With Meals): NZD 346- NZD 484 per week
o Homestays (With Meals): NZD 285 per week
o Shared House: NZD 140 to NZD 293 per week
o Studio Room: NZD 235 to NZD 370 per week
2. Food
If you finalizea Shared House or Studio Room to live in, you can expect to spend at least L NZD 80-120 per week for the necessary groceries. However, this amount may vary if you have a habit of eating out occasionally.
3. Transportation
Transportationcosts depend entirely on which option you prefer for daily travel. If you live close to the campus, the price will be less. However, living in flats or shared houses far from your campus will cost you NZD 37 per week.
4. Power
If you liveoff-campus, you may have an electricity bill that costs around NZD 200-300
monthly.
5. Phone
Opting for a prepaidplan in New Zealand will cost you around NZD 19 per month.
6. Wi-Fi
You will need tospend over NZD 90 per month to have unlimited Wi-Fi in private housing.
7. Entertainment
Top universitiesin New Zealand give many opportunities to explore the country's landscape, making it one of the best countries for Indian students to study abroad. Eventhough this budget depends on your lifestyle preferences, the University of Auckland, one of the best New Zealand Universities, suggests students keep aside at least NZD 55 per week to enjoy life outside the classroom. Some leisure activities include Dining Out, watching a Movie with Friends, or going on a Shopping Spree.
Apart from this, there would also be a Miscellaneous cost that may include an impromptu purchase or planning a short trip to the nearby locations.
Studying in New Zealand presents an exciting opportunity, but it's crucial to grasp the
financial implications before embarking on your educational journey. While various funding options exist to cover living expenses, understanding the approximate cost of living is essential for effective budgeting and decision-making.
As you prepare for your Kiwi adventure, remember that financial planning is critical to asuccessful and enjoyable study abroad experience. By being informed and proactive about your finances, you can make the most of your time in New Zealand, embracing both the academic opportunities and the country's vibrant culture. If you are looking for the best funding option to live stress-free, you can opt for an education Loan to study abroad offered by numerous financial institutions.
For more information on a Study Loan for New Zealand, contact a Global Education
Consultant for the latest guidelines!