Cost of Living in France
Estimated Living Expenses in France:
- Accommodation costs from EURO 120 to EURO 380 per month.
- Food costs from EURO 130 to EURO 150 at university restaurants per month.
- Health Care costs from EURO 380 to EURO 750 per month.
- Miscellaneous items (transport & leisure) cost EURO 100 per month.
Please note that the costs are an average approximations and they vary from university to university.
For a student pursuing an Undergraduate program, the living expense range between EURO 10000 to 18000 per year.
For a student pursuing a Postgraduate program, the living expense range between EURO 18000 to 30000 per year.
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Average Monthly Budget in France:
- Private apartment can cost 600 Euros
- Food and meals can cost 200 Euros
- Health insurance can cost 42 Euros
- Local transportation can cost 51 Euros
- School supplies can cost 45 Euros
- Amusements and recreation costs 100 Euros
- Miscellaneous items costs 100 Euros
Hence, the Total Monthly Expenses turns out to be 1138 Euros per month.
The cost of compulsory medical insurance is approximately Euro 130 to Euro 715, per year depending on the age of the student.
- The cost of language training in France is approximately Euro 350 per month. It is advisable to learn French from recognized learning centers before leaving for France.
- An individual usually spends 100 euro per week on grocery items and food consumption.
- Coats and jackets can range from 50 euro up to several thousands depending on the material.
- TGV to Paris costs 20 to 50 Euros for one way.
Managing your money :
- Major credit cards such as Visa and MasterCard, are accepted by most merchants for payments in excess of 15 Euros. Automated teller machines (ATM) are readily available in cities.
- The French make extensive use of checks. However, checks drawn on foreign banks are rarely accepted by French merchants.
- The Euro is now the sole currency used for all cash transactions in France.
International students can open non-resident bank accounts in Euros or another currency if they have been in France for less than 2 years. They may open a resident account if their stay is longer. Ask your bank if it is associated with a banking institution in France. The connection may make things easier when you go to open an account in France.