Want to Know About the Cost of Living in Austria in 2024?

Cost of Living in Austria 2024

If you are planning for migration with the purpose of education or for a job in Austria, then it is important that you know the cost of living. This guide will clarify the expense of living in Austria in 2024, the expenses of dwelling, fundamental everyday costs, and charges progressive to students. 

Cost of Living in Austria 2024

Some of the attributes associated with Austria include; quality of life, well-developed public services, and natural beauty. However, it is noteworthy that the cost of living in Austria is relatively high, particularly in significant provinces such as Vienna. Below is the forecast of the living costs that you are likely to encounter in 2024. 

Austria Living Expenses

Living expenses in Austria vary depending on your lifestyle and location. Here’s a comprehensive look at the major cost factors.

Accommodation Costs

An overhead is usually the greatest cost that anyone staying put in Austria will incur. Whether you are a student or a working-class person, it is crucial to know the various choices of housing, and how much they’ll cost you.

Renting an Apartment: The monthly rent for a one-bedroom apartment ranges from €700 to €1,200, depending on where it is situated in the city center. However, areas located outside the city center range from € 500 to € 800 for places to stay.

Shared Accommodation: Wohngemeinschaften or WG, which are basically shared apartments, are quite common and cheap with an average of €300 to €500 per month for students. 

Student Dormitories: Accommodation in dormitories is less expensive compared to hotels and costs about €250 to €450 for a month. 

Utilities

Local services (electricity, heating, air conditioning, water, and garbage) for a standard two-room apartment: €150–€250 per month. Internet services contribute to an additional €25 to €50, which you have to pay every month. 

Food and Groceries

In the case of buying food in Austria, grocery shopping is not as expensive as eating out. Grocery expenses for a month may cost between €200 and €300 depending on your diet habits. 

Bread: €1.50 - €2.50
Milk (1 liter): €1
Eggs (12): €3
Chicken (1 kg): €10

Eating out at a mid-range restaurant costs around €15 to €30 per person, while a meal at an inexpensive restaurant costs about €10 to €15.

Transportation

Austria has a developed system of public transportation. Public transportation passes, offered for one month, range between €50 and €100 depending on the city and the type of the pass. If you prefer driving, keep in mind that gasoline costs approximately €1.40 per liter.

Healthcare

Austria delivers good quality of health care. Business medical insurance is compulsory and typically paid by your company if you are employed. For students, healthcare costs roughly between €60 to €100 per month. 

Miscellaneous Expenses

Other expenses that include entertainment, clothing, and leisure travel could easily cost €100 to €300 more of your monthly expenses. For instance:

Cinema ticket: €10 - €15
Gym membership: €25 - €50 per month
Monthly mobile phone plan: €10 - €30

Student Expenses in Austria

First of all, controlling financial resources is significant for students. Below is a breakdown of expenses that may particularly apply to students: 

Tuition Fees

Public universities in Austria charge minimal tuition fees for EU/EEA students, around €363.36 per semester. For non-EU/EEA students, fees can range from €726.72 to €1,500 per semester.

Student Accommodation Costs

As noted earlier, the cheapest accommodation is in student dormitories which cost between €250 – €450 per month. Shared apartments are also a popular choice.

Student Discounts

As a student, one is able to enjoy many promotions related to public transport, cultural events, etc. A student card is beneficial because it can pay for itself in the amount of money you will save on various expenses. 

Budgeting Tips for Students

Cook at Home: Reduces your food expenses significantly.
Public Transport: Utilize student discounts for monthly passes.
Second-hand Books: Buy used textbooks or borrow them from libraries.

Living Costs Austria 2024

Living in Austria offers a high quality of life, but it’s important to budget appropriately. Here’s a summary of expected monthly expenses:

Accommodation: €300 - €1,200
Utilities: €150 - €250
Food and Groceries: €200 - €300
Transportation: €50 - €100
Healthcare: €60 - €100
Miscellaneous: €100 - €300

Austria Student Budget

For students, a monthly budget might look like this:

Accommodation: €250 - €450
Utilities: €50 - €100
Food and Groceries: €150 - €200
Transportation: €25 - €50
Healthcare: €60 - €100
Miscellaneous: €50 - €100
Total estimated monthly expenses: €585 - €1,000

Conclusion

Staying in Austria in 2024 is accompanied by a high living standard, but it will require high expenses. Thus, both on the side of expenditures and on the side of the rational distribution of finances, opportunities can be found. Whether you are a student or a worker, it is beneficial for you to know various aspect during your stay in Austria, this guide aims to provide general information for you.

When it comes to traveling, specifically to Austria, you can get to taste the best that it has to offer without feeling the pinch at the end of the month. Here is the rough guideline like what to pay for your rent or your food and other utilities in the beautiful country as you want to spend your time there. 

For more assistance, please visit our study abroad consultancy services and explore our wide range of offerings for students interested in studying in the USA, studying in the UK, studying in Canada, studying in Australia, studying in Ireland, and many other countries.

Commonly Asked Questions

Q1: Is Austria expensive to live in?
Ans: Austria is relatively costly, especially in cities' premier tourist destinations. In any case, budgeting for living costs should not pose a problem when properly controlled and allocated. 

Q2: What is the cost of living in Austria in 2024?
Ans: The cost of living in Austria in 2024 includes accommodation (€300 - €1,200), utilities (€150 - €250), food and groceries (€200 - €300), transportation (€50 - €100), healthcare (€60 - €100), and miscellaneous expenses (€100 - €300).

Q3: How much does student accommodation cost in Austria?
Ans: The cost of student rooms and apartments varies between 250 and 450 euros for dormitories and 300 and 500 euros for shared apartments in Austria. 

Q4: Are there any discounts available for students in Austria?
Ans: Yes, they do, the student card offers students certain privileges such as discounts on public transport, cultural activities, and more. 

Q5: What are the healthcare costs for students in Austria?
Ans: Health insurance for students costs around €60 to €100 per month.

Q6: How can I save money while living in Austria?
Ans: Cook at Home: Save on dining out.
Public Transport: Use student discounts.
Buy Used: Purchase second-hand books and goods.

Q7: What are the tuition fees for universities in Austria?
Ans: Public universities charge €363.36 per semester for EU/EEA students and €726.72 to €1,500 for non-EU/EEA students.