Loughborough is not only known for its university's academic excellence but also for offering a vibrant student life that can be quite affordable compared to other UK university towns. Here’s a detailed breakdown of the costs associated with living as a student in Loughborough.
Average Monthly Cost of Living for Students
Students in Loughborough typically spend between £900 and £1,400 per month. This range includes all major living costs such as accommodation and bills, food, transport, and leisure activities. The variance largely depends on personal lifestyle choices, type of accommodation, and spending habits.
Accommodation Costs
In Loughborough, students have a variety of accommodation options tailored to fit different needs and budgets. Whether you prefer university halls or private renting, Loughborough offers comfortable living arrangements that can enhance your study experience. For a comprehensive overview of your options, check out our guide on Loughborough University accommodation prices.
Here’s a breakdown of what you can expect to pay for each type of student accommodation in Loughborough, helping you to plan your finances effectively from the start:
University Halls: These facilities range from £500 to £900 per month, often including all utility bills. They are conveniently located, usually fully furnished, and provide a supportive community environment for first-year students or those new to the area.
Private Renting: For those looking for more independence, private rentals cost between £350 and £700 per month. The price can vary significantly based on factors like proximity to the university, modern amenities, and whether the rental is a studio or a shared flat/house. Students should also consider additional costs for utilities if not included.
Food Expenses
Students will find that their food expenses can be quite variable. On average, a weekly grocery bill could range from £30 to £50, depending on dietary preferences and shopping habits. Shopping at local markets or discount supermarkets can help reduce these costs.
Transportation Costs
The town's layout and the compact university campus often make walking the most feasible transportation option. However, other affordable options include:
Free Campus Shuttle: This service is particularly useful for getting around different parts of the university quickly.
Local Buses: With trips costing around £2, regular users can benefit from discounted student ticket plans available on the Kinchbus website.
Bicycling: An economical and healthy option, with used bicycles available at low costs.
Leisure and Miscellaneous
The leisure and entertainment expenses in Loughborough are generally student-friendly, with an average student likely to spend between £50 to £150 per month on activities, depending on their personal interests and how often they choose to go out. For instance, catching a movie typically costs around £10 per cinema ticket, while entry to nightclubs is usually around £5. Those looking to stay fit can find gym memberships priced between £15 and £30 per month, often with discounts available for students.
Dining out is also reasonably priced; a casual meal averages about £12, whereas a three-course meal at a nicer establishment can be around £25 to £30. A pint of beer at most local pubs will set you back about £3 to £4, making it a popular choice for socialising among students.
Check out our top picks for fun things to do in Loughborough for more great ideas on how to enjoy your time as a student in the town, ensuring every moment off-campus is as enriching and enjoyable as your studies.
While the cost of living in Loughborough as a student requires careful budgeting, it is relatively manageable compared to many other university cities in the UK. With the right financial planning and taking advantage of student discounts and budget-friendly options, students can enjoy a fulfilling university experience in Loughborough without excessive spending. To help with your financial planning, we've put together a budget planner guide with tips, resources and a free budget planner and tracker.
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