![]() In simple terms, the cost of living is all your expenses for the things you need to live. See, for example, our nightlife and culture guide, or the university sports centre.The term “cost of living” comes from economics and describes what private households spend on day-to-day life. Their report says students like games and Netflix more than the gym, but - whatever you’re into - it’s a good idea to look at what’s available, and what it might cost. Natwest's data suggests socialising has returned as a big part of student life. Portsmouth City Council provides cost of living support and advice that you can access too. Our student union works with us on how best to support you, as well providing its own practical & tangible support, as detailed on the UPSU Cost of Living page. Twitter: Instagram: Facebook: LoveyourmoneyUoP.They’ll give ongoing advice on their social media channels, host events like our Talk Money Week and Student Money Week and offer practical cost of living support including access to our student hardship fund. Here in Portsmouth, our student finance support team is here to help you avoid money stresses, or to help you navigate your way out of trouble if you find yourself struggling. That means it’s worth looking at support systems in the universities you’re considering, and help beyond that. They’re backed up by the recent Student Room survey, which showed 92% of respondents were concerned about cost of living increases. ![]() If you worry about having enough money at the end of term, you’re not alone - the report shows this is something many students around the country worry about. That sounds like good news for students, but Natwest’s data was collected before the current cost of living crisis, which means managing your living costs is still going to be part of your student life, wherever you study. ![]() Their data also indicates that student incomes have risen faster than costs have over the past year. Read more about Portsmouth bursaries, or our advice about working while studying. Natwest data says that main sources of student income are family, student loans and bursaries. Numbeo (below) is a good source of data on these expenditures. Your biggest expenses are likely to be in supermarkets, accommodation and bills. The key things to take from the 2022 report are: Sadly, the 2022 report is missing several university cities - including us - but it’s still a useful guide to what students around the UK are spending their money on, where they’re finding their income, and how they feel about their finances. In 2022’s report, Edinburgh comes in most expensive, at 1.02, with cities like Coventry and Sheffield having an Index of about half that. In 2022, Natwest asked almost 3,000 students in 21 of the UK’s university cities about their income, and what they spend it on.ĭividing a city’s average student spending by average student income gives you that city’s Student Living Index - a number that indicates how affordable it is to live there. This is an annual report on how affordable cities are for students. If you prefer stats and data, you can use the Natwest Student Living Index. This way, you’ll get real opinions from people who feel strongly enough to comment, but remember you might be getting individual stories that don’t apply to your situation. Sites like the Student Room can give you a glimpse into how students feel about their living costs. Once you've shortlisted your universities, the following sites will help you understand your university living costs at each if you choose to study there. Comparing the cost of living in popular cities And although it can be tricky to find living costs for every student city in the UK, there are a few resources you can use to find a uni that suits your lifestyle and budget. When you're choosing where to study, the cost of living is one of the factors that’s likely to influence your decision between the courses and universities you've shortlisted. ![]()
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