The table above compares some of the most popular destinations to study abroad, ranging from Europe to the Americas and to the Asian Pacific. The student living costs in the UK, USA, and Australia are approximately double that of Singapore’s and Hong Kong’s. With all of the housing, food & drinks, transport, and recreation & culture costs being far higher, we can now see how the living costs disparity is down to an array of sectors in the country’s economy. This living cost differential could be the difference between staying in a sound financial position while on your foreign exchange experience verse really struggling for every last dollar. Additionally, there’s an abundance of quality schools and universities in every country listed above. The resultant lack of fears regarding a quality education makes studying in a country with low costs of living an even more attractive proposition.
The simple fact of the matter is, most people do not have access to unlimited funds, when traveling and studying abroad. Therefore they will need to carefully consider each potential travel destination on a range of factors, with particular importance given to living costs. Hopefully, this article can help guide you to make a more informed decision. Good luck, and have a safe and enjoyable journey abroad.