Cost of living in Austria in 2024: Fees, Rent & Universities

Before knowing about the cost of living in Austria, you should first know more about studying in the country. Austria is one of the most popular destinations to study abroad, offering a welcoming and conducive environment for international students. Austria has a strategic location in Europe while being famous as a tourism destination. It is known for its winter sports, especially throughout the Arlberg region and Innsbruck as well. The average cost of living in Austria is also reasonable for students. Austria has leading public universities for students and complete safety along with a lower crime rate and high living standards. Institutions in Austria emphasize smaller student groups for projects and group-learning activities. 

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Basic Information

It is a landlocked country without a coastline. It has borders with Slovakia, Germany, Czechoslovakia, Liechtenstein, Hungary Italy, and Switzerland. It has a population of close to 9 million citizens and is a federal republic of nine states. Here are some more basic facts about Austria: 

• Vienna is the capital of Austria
• The language spoken here is Austrian German
• The academic year is between October and September. 
• The prevalent currency is Euro. 
• The calling code is +43. 

Types of Cities

There are many cities in Austria with low costs of living. Leading urban cities include Vienna and Innsbruck, along with St. Polten, Salzburg, and Linz. Other leading cities include Graz, Villach, and Wels. 

Universities in Austria

Those wishing to study in Austria should take a closer look at these leading universities which are ranked as per U.S. News.

Cost of attendance 

The cost of living in Austria for Indian students or their international students will naturally depend on their educational costs at universities. It may vary between 3,000 and 23,000 Euros per year. This is the estimated average cost of studying Austria and may vary across cities and regions. 

Fee

The cost of living in Austria for a family often depends on the tuition fees charged by educational institutions. What is the minimum cost of living in Austria? It depends on the type of university and student in question. Public universities charge 20 Euros per semester for EEA/EU students. Non-EEA/EU students pay approximately 726.72 Euros per semester as their tuition costs. Universities of Applied Sciences (UAS) charge approximately 363 Euros for each semester for EEA/EU students, while non-EEA/EU students pay around 727 to 7,500 Euros per semester. Private universities charge 3,000 to 23,000 Euros annually while more advanced educational programs may require around 35,000 Euros per year as well. 

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Rent

The average rentals in Austria are anywhere between 200 and 500 Euros per month. Some leading cities like Vienna are costlier than the others. Students staying alone may expect costs of approximately 400 Euros each month. Those in student accommodation may anticipate costs of 260 Euros each month, while those staying with a colleague or partner can expect costs of 370 Euros every month. 

Utilities 

Utility costs are approximately around 100-200 Euros per month. 

Books 

Books and study resources may cost around 300 Euros each month. 

Conveyance 

Public transportation costs are quite reasonable in Austria. Students can expect to pay around 2 Euros for a single bus or metro ride. Costs of transportation pass each month is roughly between 30 and 50 Euros. Student cards help in obtaining discounts as well. 

Conclusion

In conclusion, the cost of living in Austria in 2024 continues to reflect its status as a desirable destination for students and expatriates, offering a high quality of life balanced with reasonable living expenses. While tuition fees at Austrian universities are relatively low, especially for EU students, international students from outside the EU may face higher fees, though still modest compared to other Western European countries. Living costs, including rent, food, transportation, and leisure activities, vary depending on the city, with Vienna generally being the most expensive. However, Austria’s efficient public services, rich cultural heritage, and picturesque landscapes make it a value-for-money destination for those seeking a blend of quality education and life experiences. Prospective students and residents should plan their finances considering these aspects to make the most of what Austria has to offer in 2024.