NEW YORK, NY - Student.com, the world's largest marketplace for student accommodation, 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, while 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.
"We speak to students around the world every day and our biggest piece of advice is always: start your search as early as possible. By planning ahead and exploring the market, students can find quality accommodation that fits within their budgets - even in cities that are more expensive than average," commented Nolan.
To view the full report, visit Student.com