TOP 10 AFFORDABLE UK CITIES FOR INDIAN STUDENTS
Study in the UK is one of the best decisions one could make. What makes the UK best are 1) the education standards, 2) Career opportunities, 3) International Network, 4) Best return on investment on education 5) best Part time and post study work options 6) affordable conditions and the list goes on.
So how affordable are UK cities. How the standards are raised now in terms of student’s income, spend capacity, cost of living and other expense heads? In short, what is the Student Living Index rate in the UK according to NatWest survey report. Let’s dive in.
The top 10 most affordable cities in the UK has been revealed following the publication of the NatWest Student Living Index 2022 report.
Cardiff city reports students spend below the national average on rent, and also benefit from higher-than-average term-time incomes. It is the home to some of the oldest universities such as Cardiff University and Cardiff Metropolitan University
Top 10 affordable Student Cities
- Cardiff
- Cambridge
- Southampton
- Sheffield
- Coventry
- York
- Durham
- Oxford
- Bristol
- Birmingham
The NatWest Student Living Index surveyed almost 3,000 university students in the UK on their finances, and looked at how much students spent after their incomes had been taken into account. They have taken the following parameters into consideration :
- Sources of Income
- Activities
- Monthly Expenditure
- Expected Costs
- Money Management
- Motivations and Expectations
- Wellbeing and Sustainability
- Fraud and Scams
- Cost of Living & Future Impact
Summary of the SLI report (as per NATWEST)
- Average student incomes have increased by 65% this year, exceeding rising student costs, which are 29% higher than last year.
- After a rise of 7% in 2021, the Student Living Index has fallen by 22% in the UK over 2021, meaning students are better off this year.
- The lowest, or best, student living index this year goes to Cardiff, which moved from the top third of cities in last year’s rankings, to achieving best place this year. The city’s index halved from 2021 to this year.
- Edinburgh, Glasgow, Leeds and Canterbury replace London as the regions with the highest student cost of living, while Cardiff offers the best value for money.
- Coventry shoots to the top of the list for income, followed closely by Leicester, with Manchester solidifying its gains of the last two years.
- There’s been an increase in students living in university accommodation year on year, with more than half now choosing Uni accommodation. 1 in 3 still choose privately rented accommodation.
- Edinburgh and Glasgow have seen the highest increase in their indexes compared to the rest of the UK – largely due to a lower average monthly income in these regions (students here receive amongst the lowest monthly income).
- London, Bristol, York and Cambridge have all seen great improvements in their positions in the SLI rankings this year.
If you need assistance to applying for the universities and budgeting while studying in the UK, or applying for scholarship and bursaries at UK universities, book a free consultation with Galaxy Training Academy today.
Source: NatWest.com report.