2017 Global Student Accommodation Indicator - Student.com
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The document summarizes findings from a study of over 8,000 international student accommodation bookings made through Student.com between 2015-2016 in 92 cities worldwide. It finds that students in New York spend the most on weekly rent at $431 USD, followed by Boston and London. The global average weekly rent is $218 USD. When analyzing by country, rent is highest in Australia at $285 AUD per week. London, Los Angeles, and Sydney are the most booked cities in the UK, US, and Australia respectively.
2017 Global Student Accommodation Indicator - Student.com
- 2. KEY FINDINGS METHODOLOGY The results in this report are gleaned from a representative sample size of more than 8,000 international students who booked accommodation in 92 cities around the world via Student.com from 1 November 2015 till 31 October 2016. Bookings included in the sample were academic lets for stays of 40 or more weeks. Rental prices were converted into USD at the time of booking, based on current exchange rates. • Globally, students in New York (US) spend the most on their accommodation rent, followed by students in Boston (US) and London (UK). Students in Auburn (US) spend the least, followed by students in Athens (US) and Tallahassee (US). • The average weekly spend on rent across the 92 cities worldwide is approximately $218 USD per week. • In terms of countries, average weekly rent spend is highest in Australia, 23% more than the global average. • London, Los Angeles and Sydney were the most popular destinations booked by Student.com users in the UK, the USA and Australia respectively.
- 3. # CITY 1 SYDNEY 2 MELBOURNE 3 BRISBANE 4 ADELAIDE 5 CANBERRA # CITY 1 LONDON 2 GLASGOW 3 SHEFFIELD 4 MANCHESTER 5 LIVERPOOL # CITY 1 LOS ANGELES, CA 2 PHILADELPHIA, PA 3 CHICAGO, IL 4 TEMPE, AZ 5 ATLANTA, GA TOP CITY DESTINATIONS AUSTRALIAUK USA
- 4. $431 $403 $359 $329 $298 $288 $285 $272 $263 $260 $218 New York (US) Boston (US) London (UK) Washington (US) La Jolla (US) Oxford (UK) Sydney (AUS) Cambridge (UK) Los Angeles (US) Seattle (US) Average (Global) Avg. Weekly Rent Spend (USD) MOST EXPENSIVE CITIES: GLOBAL (TOP 10) Students in New York spend 98% more on their accommodation rent than the global average.
- 5. $96 $104 $106 $111 $112 $114 $118 $121 $122 $123 $218 Avg. Weekly Rent Spend (USD) MOST AFFORDABLE CITIES: GLOBAL (TOP 10) On average, students in Auburn spend 56% less on their accommodation rent than the global average.
- 6. $359 $288 $272 $247 $238 $230 $215 $209 $209 $209 $207 $204 $202 $193 $190 $187 $187 $184 $183 $182 $223 Avg. Weekly Rent Spend (USD) MOST EXPENSIVE CITIES: UK (TOP 20) Students in London spend 61% more on their rent than the UK national average.
- 7. MOST AFFORDABLE CITIES: UK (TOP 19) $111 $122 $123 $128 $130 $132 $133 $133 $136 $149 $163 $169 $169 $171 $178 $178 $178 $178 $180 $223 Avg. Weekly Rent Spend (USD) Students in Hull spend 50% less on their rent than the UK national average.
- 8. $431 $403 $329 $298 $263 $260 $237 $233 $224 $224 $224 $203 $201 $200 $193 $189 $185 $185 $184 $183 $200 Avg. Weekly Rent Spend (USD) MOST EXPENSIVE CITIES: US (TOP 20) Students in New York spend 116% more on their accommodation rent than the US national average.
- 9. $96 $104 $106 $112 $114 $118 $121 $124 $126 $132 $133 $136 $137 $144 $145 $146 $158 $160 $161 $167 $200 Avg. Weekly Rent Spend (USD) MOST AFFORDABLE CITIES: US (TOP 20) Students in Auburn spend 52% less on their accommodation rent than the US national average.
- 10. $285 $258 $218 $213 $124 $268 Sydney Melbourne Adelaide Brisbane Canberra Average (AUS) Avg. Weekly Rent Spend (USD) TOP 5 AUSTRALIA DESTINATIONS Students in Sydney spend 6% more on their rent than the Australian national average, whilst students in Canberra spend 54% less.
- 11. ABOUT STUDENT.COM Student.com is the world’s leading marketplace for international student accommodation. The site lists more than 800,000 beds in over 400 cities across 29 countries. Our multilingual consultants have helped students from over 120 different countries find their home abroad. To date, the company has raised $70 million from investors including VY Capital, Li Ka-Shing’s Horizons Ventures, Expa, Spotify founders Daniel Ek and Martin Lorentzon, Hugo Barra of Xiaomi and Jim Breyer of Breyer Capital. 800,000+ beds 1,000+ universities 400+ cities
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