Cost Of Living For a Student in Scotland 2024
Average Monthly Expenditure
Currency: GBP
Average monthly spending for students in Scotland
How much money does a student need in a month to survive in Scotland?
Students in Scotland spend around 2,100 GBP per month on average. Depending on the lifestyle, a student can survive with a monthly budget as low as 320 GBP or as high as 14,000 GBP. Location is a very important factor and has a huge influence on expenditure and budget.
Prices and cost of goods and services in Scotland
Dining, food, and beverages costs
Fast food combo meal
Restaurant meal for one
Fine dining meal for one
Cappuccino or latte
Grocery and market costs
Milk large bottle
12 eggs
Fresh whole chicken
Pack of beef
Medium bag of rice
Bag of tomatos
| 0.71 GBP | 0.94 GBP | 1.8 GBP |
Bag of apples
Commute, travel, and transportation costs
20 minutes taxi ride
Average car full tank
Average car 1-day rental
Average car price
| 8,800 GBP | 18,000 GBP | 24,000 GBP |
Bus ticket one way
Car Service
Utility cost (monthly)
Utility Bill - Student
Internet and cable
Mobile phone charges
Leisure and activities costs
Movie ticket
One month gym membership
Cloths and accessories costs
Pair of jeans or pants
Woman dress
Woman shoes
Men's shoes
Men suit
Regular t-shirt
Housing costs / monthly rent
Studio apartment
| 380 GBP | 570 GBP | 1,500 GBP |
1-bedroom apartment
| 570 GBP | 910 GBP | 2,300 GBP |
2-bedroom apartment
| 760 GBP | 1,100 GBP | 3,000 GBP |
Housing costs / Buying
Studio apartment
| 76,000 GBP | 110,000 GBP | 230,000 GBP |
| $96,000 | $140,000 | $290,000 |
1-bedroom apartment
| 91,000 GBP | 150,000 GBP | 570,000 GBP |
| $120,000 | $190,000 | $720,000 |
2-bedroom apartment
| 150,000 GBP | 450,000 GBP | 910,000 GBP |
Furniture Costs
King Size Bed
Double Bed
Single Bed
Living Room
| 390 GBP | 500 GBP | 1,800 GBP |
Dining Table
Sofa or Couch
Electronics and House Appliance Costs
TV Set
Fridge or Freezer
Washing Machine
Stove or Cooker
Mobile Phone
Laptop or Computer
How do students spend their money in Scotland?
We asked thousands of students about their spending habits and expenditure break down.
Housing and accomodation expenditure for students
Accomodation Cost22%
22% of total expenses on average (17% to 28%)
| LOW | $99 78 GBP |
| AVERAGE | $640 510 GBP |
| HIGH | $4,300 3,400 GBP |
| Per Month |
Students in Scotland typically spend from 17% to 28% of their total monthly expenditure on housing with 22% being the average. The average monthly spend on housing is 510 GBP with expenditure ranging from 78 GBP to 3,400 GBP. This cost mainly goes for rent but it also includes other accommodation-related expenses.
Electricity, utilities, energy, water, internet, and mobile expenditure for students
Cost of utilities5%
5% of total expenses on average (3% to 9%)
| LOW | $16 13 GBP |
| AVERAGE | $110 84 GBP |
| HIGH | $710 560 GBP |
| Per Month |
Utility expenditure like electricity, water, and gas in Scotland ranges from 3% to 9% of total expenses with 5% being the average for most students. The average monthly cost of utilities is 84 GBP with 13 GBP and 560 GBP being the upper and lower limits for a student of four.
Transport, fuel, and commute expenditure for students
Cost of transport and fuel6%
6% of total expenses on average (5% to 12%)
| LOW | $29 23 GBP |
| AVERAGE | $190 150 GBP |
| HIGH | $1,200 980 GBP |
| Per Month |
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 23 GBP to 980 GBP in a month on commuting with 150 GBP being the norm for most students. This means that money spent on transport constitutes about 6% of total spending on average but can go as low as 5% or as high as 12%.
Food, groceries, and basic shopping expenditure for students
Food and Groceries Cost21%
21% of total expenses on average (15% to 25%)
| LOW | $82 65 GBP |
| AVERAGE | $530 420 GBP |
| HIGH | $3,600 2,800 GBP |
| Per Month |
The average outlay on groceries and basic houshold items for a typical student in a month in Scotland is 420 GBP. The cost of groceries can range between 65 GBP to 2,800 GBP. Students spend on average about 21% on food and groceries with upper and lower bounds of 15% and 25% respectively.
Healthcare and medical services expenditure for students
Cost of healthcare7%
7% of total expenses on average (4% to 10%)
| LOW | $25 19 GBP |
| AVERAGE | $160 130 GBP |
| HIGH | $1,100 840 GBP |
| Per Month |
Students in Scotland allocate 4% to 10% 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 7%. The range of medical expenses range from 19 GBP to 840 GBP with 130 GBP being the norm for most students.
Leisure and shopping expenditure for students
Cost of leisure and shopping4%
4% of total expenses on average (3% to 8%)
| LOW | $21 16 GBP |
| AVERAGE | $130 110 GBP |
| HIGH | $890 700 GBP |
| Per Month |
This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 16 GBP to 700 GBP with 110 GBP being the average. Speaking of percentages, that equates to 3% to 8% of total expenses with an average of 4% for most students.
Education and schooling expenditure for students
Cost of education and schooling19%
19% of total expenses on average (12% to 24%)
| LOW | $78 62 GBP |
| AVERAGE | $510 400 GBP |
| HIGH | $3,400 2,700 GBP |
| Per Month |
Spending on education can vary drastically between different students. On average, education constitutes 19% of the monthly expenditure of students with 12% and 24% being the lower and upper bounds respectively. The average reported education cost is 400 GBP per month with 62 GBP being the minimum spent amount and 2,700 GBP being the maximum.
Other Expenses16%
16% of total expenses on average (10% to 22%)
| LOW | $62 49 GBP |
| AVERAGE | $400 320 GBP |
| HIGH | $2,700 2,100 GBP |
| Per Month |
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
The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.
Affordable living in Scotland
Income and cost of living compatibility
We asked students one simple question and recorded their answers.
Is it affordable or economical to live in Scotland?
Around 98% of surveyed students think that living in Scotland is affordable with proper budgeting while 1.8% reported that it is just too expensive and not affordable even with frugality and thriftness.
Low-cost alternatives in Scotland
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 options79%
Few low-cost options21%
Based on the survey, 79% of the students living in Scotland have no problem finding low-cost alternatives to support a frugal lifestyle while 21% 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 Scotland whether they have an emergency fund and the answers were as follows.
Yes93%
No7.2%
Based on the survey, 7.2% of the students living in Scotland said that they don't have an emergency fund while 93% said that they do.
Financial Literacy in United Kingdom
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 Leteracy68%
We asked student guardians and parents in Scotland whether they acquired any adequate personal financial training in their lives. Approximately 32% 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 68% 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 United Kingdom have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 34% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 66% said that they have everything under control.
Struggles with finance34%
Easily manages finances66%
Housing costs, accommodation, and housing affordability in Scotland
Rental costs and house/apartment prices can vary drastically between different areas and locations.
Rent Cost in Scotland
Monthly Rent Prices
Studio apartment monthly rent cost
| 380 GBP | 570 GBP | 1,500 GBP |
1-bedroom apartment monthly rent cost
| 570 GBP | 910 GBP | 2,300 GBP |
2-bedroom apartment monthly rent cost
| 760 GBP | 1,100 GBP | 3,000 GBP |
3-bedroom apartment monthly rent cost
| 910 GBP | 1,500 GBP | 4,100 GBP |
Furnished apartment monthly rent cost
| 1,800 GBP | 4,500 GBP | 9,100 GBP |
Townhouse monthly rent cost
| 1,500 GBP | 2,300 GBP | 6,500 GBP |
House monthly rent cost
| 1,800 GBP | 4,500 GBP | 9,100 GBP |
Villa monthly rent cost
| 2,300 GBP | 5,700 GBP | 9,100 GBP |
The monthly rental cost of a studio apartment in Scotland ranges between 380 GBP and 1,500 GBP, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 570 GBP to 2,300 GBP. Two-bedroom rentals rate ranges between 760 GBP and 3,000 GBP per month. The monthly rental for a three-bedroom apartment ranges from 910 GBP to 4,100 GBP. The average rent of a townhouse in Scotland is around 2,300 GBP while house rental costs can be as high as 4,500 GBP per month. Finally, if you want to rent a villa, expect to pay anywhere from 2,300 GBP to 9,100 GBP per month.
Apartment and house prices in Scotland
Cost of buying a property
Studio apartment price
| 76,000 GBP | 110,000 GBP | 230,000 GBP |
| $96,000 | $140,000 | $290,000 |
1-bedroom apartment price
| 91,000 GBP | 150,000 GBP | 570,000 GBP |
| $120,000 | $190,000 | $720,000 |
2-bedroom apartment price
| 150,000 GBP | 450,000 GBP | 910,000 GBP |
3-bedroom apartment price
| 500,000 GBP | 760,000 GBP | 2.3M GBP |
Townhouse price
| 650,000 GBP | 1.5M GBP | 5.7M GBP |
House price
| 760,000 GBP | 4.5M GBP | 6.5M GBP |
Villa price
| 910,000 GBP | 5M GBP | 7.6M GBP |
The average price of a studio apartment in Scotland can range from 76,000 GBP to 230,000 GBP depending on location. One bedroom cost can be anywhere from 91,000 GBP to 570,000 GBP. A villa can cost you 5M GBP on average with prices ranging from 910,000 GBP to 7.6M GBP.
If you're leasing or purchasing, housing costs in Scotland will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.
House / apartment prices to income ratio
Property price to income ratio
( average property price / average monthly income ) x 100
| 58 | x172 monthly income | 292 |
Property prices in Scotland can be x172 to x292 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x172 multiples of the average monthly salary in Scotland.
Rent to income ratio
Rent to income ratio
( monthly rental / monthly income ) x 100
The average rent-to-income ratio in Scotland is around 44%. This means that people pay 44% of their income for rent. Those figures can range from 31% to 58% depending on the salary, location, and type of property.
The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.
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.
Housing Affordability Index
41% 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 Scotland
Utilities expenditure can vary slightly between different areas and locations.
Energy, electricity, water, gas, internet, and mobile cost in Scotland
Utility Bill Cost / Electricity + Water + Gas / Student
Internet and cable cost
Mobile phone bill and charges
Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.
The average monthly energy and water consumption of students is around 84 GBP. The cost of internet and WiFi ranges from 18 GBP to 47 GBP with 35 GBP being the average internet bill. Finally, the average monthly mobile charges is around 24 GBP but can range between 14 GBP and 71 GBP depending on consumption. Mobile charges include both calling minutes as well as data packages.
Energy / Utility expense to income ratio
( monthly utility expenses / monthly income ) x 100
The average utility-to-income ratio in Scotland is around 6.7%. This means that people pay 6.7% of their income for energy, water, internet, and mobile charges. Those figures can range from 2.7% to 12% depending on salary and location.
Food Prices, Dining Expenses, and Grocery Costs in Scotland
Grocery / Food expenditure and prices can vary drastically between different areas and locations.
Prices and cost of goods and services in Scotland
Dining out, food, and beverages costs. Price variations for common food items.
Fast food combo meal price
The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Scotland is approximatly 7.1 GBP with meal cost ranging from 3.5 GBP to 12 GBP. The typical combo meal consists of a burger, french fries, and a drink.
Restaurant meal for one price
If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 13 GBP and 40 GBP with 20 GBP being the average price of a plate for one person at a regular restaurant in Scotland.
Fine dining meal for one price
The price range of a meal at fine-dining restaurant is 27 GBP to 160 GBP with the average cost being 40 GBP for one person. This is what you would expect to pay a top-tier diner in Scotland.
Beverage prices, cappuccino, latte etc..
The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Scotland is around 4.7 GBP. Price ranges between 2.9 GBP and 7.1 GBP depending on the type of beverage, the size, and optional add-ons.
Grocery and market costs
Large bottle of milk price
The average price of a large bottle of milk in Scotland is 2.8 GBP. The maximum what you would pay for milk is 3.5 GBP and the minimum being 2.4 GBP depending on the brand of milk and other properties.
12 eggs price
A dozen eggs costs around 2.4 GBP on average with 1.8 GBP and 3.5 GBP being the lower and upper limits respectively.
Fresh whole chicken price
The price range of a fresh whole chicken in Scotland is between 4 GBP and 7.3 GBP depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 5.2 GBP.
Pack of beef price
The price of a regular pack of beef or meat is around 7.1 GBP. A pack of beef contains around 1Kg or 1lb depending on packing.
Medium bag of rice price
A bag of rice in Scotland costs around 2.6 GBP on average with prices rangeing between 1.9 GBP and 3.7 GBP depending on the brand and quality.
Bag of tomatos price
| 0.71 GBP | 0.94 GBP | 1.8 GBP |
A bag of tomatoes costs anywhere from 0.71 GBP to 1.8 GBP. A bag of tomatoes denotes 1Kg or 1lb depending on location.
Bag of apples price
A bag of apples costs 1.6 GBP on average. A bag of apples denotes 1Kg or 1lb depending on location.
Grocery and food expenditure to income ratio
( monthly grocery expenses / monthly income ) x 100
The average grocery-to-income ratio in Scotland is around 34%. This means that students spend 34% of their income on grocery and basic household items. The expenditure can range from 23% to 42% depending on salary and location.
Expenditure on food and grocery for students
Students' spending on grocery ranges from 65 GBP to 2,800 GBP with the location, income, and size of the student being the most determinite factors.
