This blog post will provide a complete overview of the cost of living in Canada for Indian students in 2024, covering key expenses such as accommodation, food, transportation, and miscellaneous costs.
Having opened doors for a student to many career opportunities, Canada also holds the reputation of being one of the most favorable countries for a student to study in. The cost of living in Canada is comparatively lower than in other countries, which makes it an ideal destination for Indian students. Selecting the maple country will not only provide an opportunity to live within the minimum cost but also will allow receiving a quality education. Canadian universities provide expected living expenses, which helps students budget efficiently.
Cost of Living in Canada for Indian Students
The average cost of living in Canada for Indian students can vary depending on several factors, including:
- City: Larger cities like Toronto and Vancouver generally have higher living costs than smaller cities and towns.
- Accommodation: On-campus housing is often more expensive than off-campus options but may offer more convenience and amenities.
- Lifestyle: Your choices, such as dining out frequently or owning a car, will also impact your expenses.
- Part-time work: Working part-time can help offset some of your living costs, but it may also limit your time for studying and socializing.
Let’s have a look at the different types of living expenses in Canada:
| Expense | CAD (Approx Values) | INR (Approx Values) |
| Accommodation | CAD 800 – 1,500 per month | INR 48,700 – 92,500 |
| Food | CAD 300 – 500 per month | INR 18,300 – 30,500 |
| Transportation | CAD 150 – 250 per month | INR 9,150 – 15,300 |
| Utilities (Electricity, Internet, etc.) | CAD 100 – 200 per month | INR 6,100 – 12,200 |
| Books and Supplies | CAD 500 – 1,000 per year | INR 30,500 – 61,000 |
| Health Insurance | CAD 700 – 1,200 per year | INR 42,700 – 73,200 |
| Entertainment | CAD 200 – 400 per month | INR 12,200 – 24,400 |
| Miscellaneous (Clothing, Personal Care, etc.) | CAD 200 – 300 per month | INR 12,200 – 18,300 |
Total Estimated Monthly Cost: CAD 1,550 – 2,800 (INR 94,400 – 169,600)
Total Estimated Annual Cost: CAD 18,600 – 33,600 (INR 11,34,400 – 20,35,200)
Accommodation
Accommodation is a considerable expense for students in Canada. The cost of accommodation depends on the type of housing chosen, location, and amenities. Common options include:
- On-campus residence: This is often the most convenient option but can be more expensive.
- Off-campus rental: Renting an apartment or house off-campus can be more affordable but requires more responsibility.
- Homestay: Living with a Canadian family can provide a cultural immersion experience but may have limited privacy.
| Accommodation Type | Average Monthly Cost |
| On-campus residence | CAD 800 – 1,500 |
| Off-campus apartment | CAD 600 – 1,200 |
| Homestay | CAD 700 – 1,000 |
Tips to Reduce Living Expenses in Canada
Some useful tips for Indian students to reduce their living expenses in Canada are as follows:
- Regular visits to restaurants start costing a lot of money. Preparing your meals is one of the ways through which you can be financially wise.
- Using public transportation costs much less than owning a car. Minimize car use by using buses, trains, or subways.
- Make price comparisons throughout different grocery shops and always try to find sales or coupons. Purchasing products in large quantities is also a good strategy in terms of price.
- Save the electricity by turning off lights when not in use, unplugging electronics, and adjusting your thermostat to save on energy bills.
- Intend and practice strict budgeting techniques. Do not spend money on things you do not need, which will likely cost you hard-earned cash.
- Visit parks, libraries, and community centers in your city to check for any free or cheap events and programs.
- Living with other people as roommates can be very cheap since the overall expenses on a house will be split.
- There are many local thrift shops, online platforms, or low-cost reselling websites where students can buy clothing, furniture, and other gadgets.
- Many businesses offer discounts to students. Look for student cards or memberships.
- Be mindful of your entertainment expenses. While it’s essential to have fun, find affordable or free options.
Conclusion
The cost of living in Canada for Indian students can vary immensely depending on individual choices and circumstances. By carefully planning and budgeting, students can effectively manage their finances and maximize their study experience. Researching specific universities and cities is recommended to get a more accurate estimate of living expenses.
