Vancouver is one of Canada’s most well-known cities. It is known for its traditions, culture, and employment prospects and welcomes foreigners seeking jobs and students for further education. However, a family of three and a couple would require to pay a monthly rent $2000 on an average, while it is $1325 for international students and $1200 for a single person. The living cost in Vancouver varies substantially depending on where you reside; a typical flat or house costs $1500 per month to rent.
For students, the living expenses in Vancouver ranges from roughly 800 to 1,500 CAD. The cost of tuition, housing, utilities, food and groceries, transportation, entertainment, health insurance, banking, and taxes are all included in this range.
Factors Affecting Vancouver Students’ Cost of Living
One of the most expensive expenses you’ll have as a student, next to tuition, is for Student Accommodation Vancouver. In Vancouver, a student may actually spend between CAD 2,700 and CAD 3,800 per month on housing.
Don’t start crying yet, though! It’s not the end of the world because there are other options besides renting a highly expensive 2-bedroom flat.
There are other options for student accommodation, including residence halls, home stays, which are generally less expensive than renting your own flat.
One of your biggest costs as a student, unless you receive a scholarship, is tuition. Good for you if your parents are willing to help you pay for college.
It’s crucial for independent students to understand how much money they will need to set aside for tuition.
This is because international students must pay the whole cost of their education as they are not eligible for government support or subsidies.
But there is a bright spot: financial help and scholarships. You did really hear correctly! These are excellent choices for students who require more assistance in financing their education. It is worthwhile to investigate and use.
You should budget a total of CAD 293 a month for basic utilities, on average.
You are aware that enormous power entails great responsibility. You are now liable for paying the utilities since you have your own house. We’re discussing things like internet, petrol for your automobile, power, water, and disposal of waste.
When looking for a place, be sure to include in the cost of your utilities because this could cause your rent to go up dramatically!
Food and groceries
Depending on your behaviours, this is a place where things can change a lot. Even groceries are pricey in Vancouver. Shopping at certain small family-run markets and major discount retailers like Save on Foods and No Frills can help you save money and lower your cost of living in Vancouver.
Naturally, you can save a tonne of money in this area of your budget if you’re extremely skilled at cooking at home. If you order takeaway frequently or buy coffee every day, like we do, you’ll spend more money.
Health Care is included in the student fees you must pay each term. You are available with a network of doctors in the Vancouver as well as the medical care facilities provided by the institutions, which is where many students feel more at ease.
Dental and vision care are only partially covered, and how much you’ll actually have to pay seems to depend on which facility you visit.
Vancouver has advanced public transportation facilities. With some routes being more economical and effective than others travelling around the city becomes easy.
However, as you are a student, you will be provided by a U-Pass BC card by your university for communication. This card entitles you to discounts on West Coast Express as well as access to buses, the Skytrain, and Seabus!
Therefore, you might be thinking if this card is free. Actually, it is quite not. The U-Pass BC card is, in fact, covered by your student fees.
However, because every student pays into the programme, the costs are far lower than those for conventional public transportation.
You might need to spend money on things like plane tickets, activities, or a million other things such as entertainment options like going out, Netflix, sports (like skiing), household goods, paying off student loans, money placed into savings or investments, Christmas gifts, trips, and more!