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	151
Vienna University of Technology	180
Graz University of Technology	277
University of Innsbruck	281
University of Linz	354
University of Klagenfurt	501-510
University of Graz	651-700
University of Salzburg	801-1000

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.

Accommodation costs around 450 euros

The average monthly rent 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.

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 1,200 Euros per month)

In Austria, the average monthly living expense for a student is around 1,200 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 1,200 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.