Hello everyone! I can sense the excitement about your application results, and I hope you’re all set with your supporting documents. Remember, the deadline for document submission and application fee payment is fast approaching on February 1. I understand that many of you may have questions about life in Sweden, as I did when I was in your shoes. One key aspect you might be curious about is the cost of living. So, let’s dive into my monthly expenses in Stockholm to give you a clearer picture of what to expect.
1. Accommodation
Accommodation often represents the largest portion of monthly expenses, and the cost can vary significantly based on the type of housing you choose. Many students opt for corridor rooms, which offer a private bedroom and bathroom while sharing a kitchen with others in the same corridor. This option is typically the most budget-friendly, with costs ranging from approximately 3500 to 4500 SEK. However, if you prefer your own cooking space, you might consider a studio apartment, which comes with a personal kitchen or kitchenette and generally costs up to 7500 SEK. Both options have their own benefits, depending on your preferences and budget.
My Spending: SEK 3,900 (Approximately USD 375 or INR 31,000)
2. Food
My daily diet predominantly features Indian cuisine, incorporating staples like rice, vegetables, eggs, meat, fruits, and dairy products. I have a passion for cooking, and I often make my own meals rather than dining out. Preparing meals at home not only helps me enjoy the flavours of home but also is very cost-effective.
My Spending: SEK 1,800 (Approximately USD 175 or INR 14,400)
3. Transport
Transportation expenses in Stockholm are straightforward to calculate, as I purchase a monthly pass for public transport. This pass grants me unlimited access to a comprehensive network, including buses, metro trains, commuter trains, trams, and ferries across the city. This is a common choice among students, as it simplifies travel and budgeting. The cost for this monthly pass is consistent for every student, making it a predictable expense.
My Spending: SEK 650 (student price) (Approximately USD 62 or INR 5,200)
4. Other Expenses
The “other expenses” category is highly individual and can vary greatly depending on one’s lifestyle. In addition to the essential costs I’ve already mentioned, my main discretionary expenditures include a gym membership and the occasional social dining or parties with friends. This year, I’m also excited to explore new activities, specifically squash and swimming, which I anticipate will add to my budget in a modest way.
My Spending: SEK 500 (Approximately USD 50 or INR 4,000)
Total Monthly Spending
As highlighted in my breakdown, your expenses can significantly differ based on individual lifestyle choices and preferences. As a student, it’s crucial to responsibly manage your funds for basic necessities and allocating a portion for activities that enrich your life. Whether your interests lie in sports, social gatherings, or maintaining fitness at the gym, it’s important to invest in what you value most. This approach not only ensures a sustainable budget but also contributes to a fulfilling and well-rounded student experience.
My Total Monthly Spending: SEK 6,850 (Approximately USD 660 or INR 54,500)
Note that the currency conversion is only a rough value for your ease of understanding, and this might change depending on the currency value. You can look at Samantha’s post on her monthly expenditure to see how the expenses vary from person to person.
I’ve asked a around 50 KTH students to vote their monthly expenses and you can see the poll results below. On an average, students spend around SEK 7000 monthly.
I hope this post has provided you with a clearer understanding of the potential monthly expenses you might encounter. Now that the application period has concluded, I recommend turning your attention to Lorenzo’s insightful post, where he outlines what you can expect next in this exciting journey.
//Srikar