Cost Of Living For a Student in Northern Mariana Islands 2024

Average monthly spending for students in Northern Mariana Islands

How much money does a student need in a month to survive in Northern Mariana Islands?

Students in Northern Mariana Islands spend around 0.00 USD per month on average. Depending on the lifestyle, a student can survive with a monthly budget as low as 0.00 USD or as high as 0.00 USD. Location is a very important factor and has a huge influence on expenditure and budget.

How do students spend their money in Northern Mariana Islands?

We asked thousands of students about their spending habits and expenditure break down.

Housing and accomodation expenditure for students

Students in Northern Mariana Islands typically spend from 0.00% to 0.00% of their total monthly expenditure on housing with 0.00% being the average. The average monthly spend on housing is 0.00 USD with expenditure ranging from 0.00 USD to 0.00 USD. This cost mainly goes for rent but it also includes other accommodation-related expenses.

Electricity, utilities, energy, water, internet, and mobile expenditure for students

Utility expenditure like electricity, water, and gas in Northern Mariana Islands ranges from 0.00% to 0.00% of total expenses with 0.00% being the average for most students. The average monthly cost of utilities is 0.00 USD with 0.00 USD and 0.00 USD being the upper and lower limits for a student of four.

Transport, fuel, and commute expenditure for students

Fuel consumption and cost of transport depend heavily on whether a student resides near school and work, but roughly speaking a student would expect to spend from 0.00 USD to 0.00 USD in a month on commuting with 0.00 USD being the norm for most students. This means that money spent on transport constitutes about 0.00% of total spending on average but can go as low as 0.00% or as high as 0.00%.

Food, groceries, and basic shopping expenditure for students

The average outlay on groceries and basic houshold items for a typical student in a month in Northern Mariana Islands is 0.00 USD. The cost of groceries can range between 0.00 USD to 0.00 USD. Students spend on average about 0.00% on food and groceries with upper and lower bounds of 0.00% and 0.00% respectively.

Healthcare and medical services expenditure for students

Students in Northern Mariana Islands allocate 0.00% to 0.00% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 0.00%. The range of medical expenses range from 0.00 USD to 0.00 USD with 0.00 USD being the norm for most students.

Leisure and shopping expenditure for students

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 0.00 USD to 0.00 USD with 0.00 USD being the average. Speaking of percentages, that equates to 0.00% to 0.00% of total expenses with an average of 0.00% for most students.

Education and schooling expenditure for students

Spending on education can vary drastically between different students. On average, education constitutes 0.00% of the monthly expenditure of students with 0.00% and 0.00% being the lower and upper bounds respectively. The average reported education cost is 0.00 USD per month with 0.00 USD being the minimum spent amount and 0.00 USD being the maximum.

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

• 50% for needs and financial obligations

  This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

• 30% for wants and discretionary spending

  This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

• 20% for savings and emergency fund

  This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

Affordable living in Northern Mariana Islands

Income and cost of living compatibility

We asked students one simple question and recorded their answers.

Is it affordable or economical to live in Northern Mariana Islands?

Around 0.00% of surveyed students think that living in Northern Mariana Islands is affordable with proper budgeting while 100% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Northern Mariana Islands

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked students how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options0.00%

Few low-cost options100%

Based on the survey, 0.00% of the students living in Northern Mariana Islands have no problem finding low-cost alternatives to support a frugal lifestyle while 100% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds For Students

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked students of Northern Mariana Islands whether they have an emergency fund and the answers were as follows.

Yes0.00%

No100%

Based on the survey, 100% of the students living in Northern Mariana Islands said that they don't have an emergency fund while 0.00% said that they do.

Financial Literacy in Northern Mariana Islands

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy0.00%

We asked student guardians and parents in Northern Mariana Islands whether they acquired any adequate personal financial training in their lives. Approximately 100% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 0.00% said that they know about the general principles of personal finance from sources other than their own experience.

Difficulty in Budgeting and Financial Planning

We wanted to understand whether students of Northern Mariana Islands have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 0.00% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 100% said that they have everything under control.

Struggles with finance0.00%

Easily manages finances100%

Housing costs, accommodation, and housing affordability in Northern Mariana Islands

Rent Cost in Northern Mariana Islands

Monthly Rent Prices

Studio apartment monthly rent cost

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

1-bedroom apartment monthly rent cost

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

2-bedroom apartment monthly rent cost

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

3-bedroom apartment monthly rent cost

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

Furnished apartment monthly rent cost

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

Townhouse monthly rent cost

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

House monthly rent cost

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

Villa monthly rent cost

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

The monthly rental cost of a studio apartment in Northern Mariana Islands ranges between 0.00 USD and 0.00 USD, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 0.00 USD to 0.00 USD. Two-bedroom rentals rate ranges between 0.00 USD and 0.00 USD per month. The monthly rental for a three-bedroom apartment ranges from 0.00 USD to 0.00 USD. The average rent of a townhouse in Northern Mariana Islands is around 0.00 USD while house rental costs can be as high as 0.00 USD per month. Finally, if you want to rent a villa, expect to pay anywhere from 0.00 USD to 0.00 USD per month.

Apartment and house prices in Northern Mariana Islands

Cost of buying a property

Studio apartment price

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

1-bedroom apartment price

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

2-bedroom apartment price

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

3-bedroom apartment price

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

Townhouse price

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

House price

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

Villa price

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

The average price of a studio apartment in Northern Mariana Islands can range from 0.00 USD to 0.00 USD depending on location. One bedroom cost can be anywhere from 0.00 USD to 0.00 USD. A villa can cost you 0.00 USD on average with prices ranging from 0.00 USD to 0.00 USD.

House / apartment prices to income ratio

Property prices in Northern Mariana Islands can be x0 to x0 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x0 multiples of the average monthly salary in Northern Mariana Islands.

Rent to income ratio

The average rent-to-income ratio in Northern Mariana Islands is around 0.00%. This means that people pay 0.00% of their income for rent. Those figures can range from 0.00% to 0.00% depending on the salary, location, and type of property.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

Monthly costs and expenses of energy and basic utilities in Northern Mariana Islands

Energy, electricity, water, gas, internet, and mobile cost in Northern Mariana Islands

Utility Bill Cost / Electricity + Water + Gas / Student

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

Internet and cable cost

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

Mobile phone bill and charges

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

The average monthly energy and water consumption of students is around 0.00 USD. The cost of internet and WiFi ranges from 0.00 USD to 0.00 USD with 0.00 USD being the average internet bill. Finally, the average monthly mobile charges is around 0.00 USD but can range between 0.00 USD and 0.00 USD depending on consumption. Mobile charges include both calling minutes as well as data packages.

Energy / Utility expense to income ratio

The average utility-to-income ratio in Northern Mariana Islands is around 0.00%. This means that people pay 0.00% of their income for energy, water, internet, and mobile charges. Those figures can range from 0.00% to 0.00% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Northern Mariana Islands

Prices and cost of goods and services in Northern Mariana Islands

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Northern Mariana Islands is approximatly 0.00 USD with meal cost ranging from 0.00 USD to 0.00 USD. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 0.00 USD and 0.00 USD with 0.00 USD being the average price of a plate for one person at a regular restaurant in Northern Mariana Islands.

Fine dining meal for one price

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

The price range of a meal at fine-dining restaurant is 0.00 USD to 0.00 USD with the average cost being 0.00 USD for one person. This is what you would expect to pay a top-tier diner in Northern Mariana Islands.

Beverage prices, cappuccino, latte etc..

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Northern Mariana Islands is around 0.00 USD. Price ranges between 0.00 USD and 0.00 USD depending on the type of beverage, the size, and optional add-ons.

Grocery and market costs

Large bottle of milk price

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

The average price of a large bottle of milk in Northern Mariana Islands is 0.00 USD. The maximum what you would pay for milk is 0.00 USD and the minimum being 0.00 USD depending on the brand of milk and other properties.

12 eggs price

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

A dozen eggs costs around 0.00 USD on average with 0.00 USD and 0.00 USD being the lower and upper limits respectively.

Fresh whole chicken price

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

The price range of a fresh whole chicken in Northern Mariana Islands is between 0.00 USD and 0.00 USD depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 0.00 USD.

Pack of beef price

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

The price of a regular pack of beef or meat is around 0.00 USD. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

A bag of rice in Northern Mariana Islands costs around 0.00 USD on average with prices rangeing between 0.00 USD and 0.00 USD depending on the brand and quality.

Bag of tomatos price

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

A bag of tomatoes costs anywhere from 0.00 USD to 0.00 USD. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

0.00 USD

0.00 USD

0.00 USD

MINIMUM

AVERAGE

MAXIMUM

A bag of apples costs 0.00 USD on average. A bag of apples denotes 1Kg or 1lb depending on location.

Grocery and food expenditure to income ratio

The average grocery-to-income ratio in Northern Mariana Islands is around 0.00%. This means that students spend 0.00% of their income on grocery and basic household items. The expenditure can range from 0.00% to 0.00% depending on salary and location.

Expenditure on food and grocery for students