Cost of living in Austria for Indian students in 2024

The education system in Austria

Austria is one of the most popular study-abroad destinations, with a welcoming and conducive environment for international students. Austria has a strategic location in Europe and is a popular tourist destination. It is well-known for its winter sports, particularly in the Arlberg region and Innsbruck. For students, the average cost of living in Austria is also reasonable. Austria has world-class public universities, complete safety, a low crime rate, and high living standards. Austrian institutions prioritize smaller student groups for projects and group-learning activities. Although Austria is one of the wealthiest countries in the world, the general cost of living in Austria for Indian students can be lower than in other European countries.

Basic information about Austria

Austria is a landlocked nation with no coastline. Slovakia, Germany, Czechoslovakia, Liechtenstein, Hungary, Italy, and Switzerland are its neighbors. It is a federal republic of nine states with a population of nearly 9 million people.

Here are some more basic facts about Austria-

• Austria’s capital is Vienna.
• Austrian German is the language spoken here.
• The academic year runs from October to September.
• The currency is the euro.
• The area code is +43.

There are many cities in Austria with low living costs. Vienna and Innsbruck are among the most important cities, as are St. Polten, Salzburg, and Linz. Graz, Villach, and Wels are also important historical cities.

Universities in Austria

Those interested in studying in Austria should look into these top-ranked universities.

Name of the University	QS World Ranking
University of Vienna	130
Vienna University of Technology	184
Graz University of Technology	421
University of Innsbruck	281
University of Linz	446
University of Klagenfurt	501-510
University of Graz	632
University of Salzburg	631-690

Cost of living in Austria

The monthly living expenses for students are estimated below (in euros). These figures are only for reference as the expenses and prices might differ from one city to the other. A place in a student hall of residence has been used as the basis for calculating accommodation costs.

Housing costs in Austria (approximately 450 euros)

The average monthly housing cost in Austria ranges between 200-500 euros. Some major cities, such as Vienna, are more expensive than others. Students living alone should have a budget of around 400 euros per month. Those living in student housing can expect monthly costs of 260 euros, while those living with a colleague or partner can expect monthly costs of 370 euros.

Food (excluding luxuries) is approximately 350 euros

Austria has many discount supermarkets that sell food at reasonable prices. Many universities have self-service student cafeterias (Mensa) where you can get a decent meal at a reasonable price. The cheapest way to eat is to prepare your own meals.

Utility bills in Austria (approximately 150 euros)

Utility bills in Austria typically include expenses for electricity, heating, water, and waste disposal. The cost of utilities can vary based on factors such as the size of the accommodation and energy consumption habits. On average, students might expect to pay around 100-150 euros per month for utilities,  this can vary depending on factors such as the size of the accommodation, energy consumption, and the specific region.

Telecommunications in Austria (approximately 40 euros)

In Austria, the average monthly telecommunication bill in Austria for students typically ranges from 20 to 40 euros. This cost covers mobile phone plans, internet services, and landline services if subscribed separately. Mobile phone plans can vary based on data allowances, call minutes, and text messages included in the package. Similarly, internet packages can vary in speed and data limits, affecting the overall cost.

Transport Costs in Austria (approximately 60 euros)

Public transportation is widely available in Austria, with options such as buses, trams, trains, and metro systems in major cities. Monthly or yearly transportation passes are available for students at discounted rates, typically ranging from 50-100 euros per month depending on the city. Additionally, students may opt for bicycles, which are a popular and eco-friendly mode of transportation in Austria which helps in reducing transport costs in Austria.

Studies and personal needs (books, culture, recreation) for approx. 400 euros

A single metro or bus day pass in the city costs about 2.50 euros, a cinema ticket is about 10 euros, and a museum ticket is about 14 euros. Students can get a number of price breaks. When you show your student ID, public transportation authorities and many museums, cinemas, theaters, and other cultural venues will give you a discount.

Student expense (Approximately 1,450 Euros per month)

In Austria, the average monthly living expense for a student is around 1,450 euros. This may vary depending on your study location. For example, accommodation and other living costs in Vienna and other larger cities may be higher than in Wr. Neustadt. The amount of money you will require is highly dependent on your financial situation and the location where you stay. Hence, determining how much money a student in Austria requires each month is difficult. Maintaining a budget for expenses is essential to manage financial needs while studying in Austria.

Key takeaways

• Austria is a landlocked country that has no coastline. Slovakia, Germany, Czechoslovakia, Liechtenstein, Hungary, Italy, and Switzerland are its neighbors. It is a federal republic of nine states and has a population of nearly 9 million people.
• Austria provides benefits such as world-class public universities, complete safety, a low crime rate, and high living standards. The average cost of living in Austria is quite reasonable for international students.
• In Austria, the average monthly living expense for a student is around 1,450 euros. The expenses vary depending on your study location and financial situation. To manage your financial needs students should maintain a tight budget.

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FAQs

Q1. Is studying in Austria good for Indian students?

Ans- Austria has stunning natural scenery, vibrant cities, and some of the world’s best universities. Due to this, Indian students choose to study in Austria.

Q2. Is studying in Austria free for international students?

Ans- The country’s public universities provide free education to EEA and EU citizens, while international students must pay for their courses. Annual tuition fees may range between 3,000 and 23,000 Euros.

Q3. How much bank balance is required for an Austrian student visa?

Ans- The amount required for an Austrian student visa is determined by the student-

552.53 euros per month for students under the age of 24, For students aged 24 and above, the monthly fee is 1,000.48 euros, For couples- 1,578.36 euros per month.