Student.com Reveals the World's Most Expensive and Affordable Cities for Student Housing

LONDON, May 22, 2017 /PRNewswire/ --

• New York, Boston and London rank as the world's most expensive cities for students.
• The average weekly spend on rent across 92 cities worldwide is approximately $218 USD per week.
• London, Los Angeles and Sydney were the most popular destinations booked by Student.com users in the UK, the USA and Australia respectively.

Student.com, the world's largest marketplace for student accommodation, today released the Cities in Focus: Global Student Accommodation Indicator - a report revealing the world's most expensive and affordable cities for student housing.

The report analyses weekly rent spend by students who booked accommodation in 92 cities worldwide last year via Student.com. On average, students in New York, Boston and London spend the most on their accommodation rent globally, whilst students in Auburn (Alabama), Athens (Georgia), and Tallahassee (Florida) spend the least. In New York, students spend on average $431 USD per week on their rent, 98 percent higher than the global average. In terms of countries, average weekly rent spend is highest in Australia - 23 percent above the global average.

"It's evident that the big urban centres around the world remain huge magnets for both international and domestic students. On average, students pay more to live in these cities, but that's not to say that there aren't more affordable options available," said Luke Nolan, Founder and CEO, Student.com. "Across Australia, the UK and the US, cities with larger supplies of purpose-built student accommodation (PBSA) tend to be, on average, more affordable than cities that are under supplied. As the PBSA market grows, we'll continue to see a more diversified range of options that cater to different budgets."

In addition to the global rankings, the report also includes country data for the UK, the US and Australia. In terms of total bookings, London, Los Angeles and Sydney are the most popular cities in the UK, the USA and Australia respectively.

Top 10 Most Expensive Cities (Global)

             Average Weekly Rental Spend
    #     City        Country         (USD)
    1   New York        USA            431
    2   Boston          USA            403
    3   London          UK             359
    4   Washington      USA            329
    5   La Jolla        USA            298
    6   Oxford          UK             288
    7   Sydney          AUS            285
    8   Cambridge       UK             272
    9   Los Angeles     USA            263
    10  Seattle         USA            260