Cost of Living: Most and Least Expensive College Town

Cost of living is directly proportional to location where college is located. Many students consider cost of living to be one of the Major factor when selecting the Universities.  Forbe’s have published an article based on research done by Coldwell Banker Real Estate for home prices near college town/campus.

Using the value of the 4 bedroom apartment at various cities, least and most expensive college towns was calculated.  We have published cost of living at University of Southern California, which is why USC is listed under Most Expensive College category below.

Least to Most Expensive College Towns

Akron, Ohio
Status: Least Expensive
School: University of Akron
2009 Avg. Price: $121,885

Muncie, Ind.
Status: Least Expensive
School: Ball State University
2009 Avg. Price: $144,996

Ann Arbor, Mich.
Status: Least Expensive
School: University of Michigan
2009 Avg. Price: $148,000

Ypsilanti, Mich.
School: Eastern Michigan University

Tulsa, Okla.
School: University of Tulsa

Denton, Texas
Town, State: School: University of North Texas

Houston, Texas
School: University of Houston, Rice University

Bloomington, Ind.
School: Indiana University

Kent, Ohio
School: Kent State University

Seattle, Wash.
Status: Most Expensive
School: University of Washington
2009 Avg. Price: $568,317

Boulder, Colo.
Status: Most Expensive
School: University of Colorado
2009 Avg. Price: $622,000

San Jose, Calif.
Status: Most Expensive
School: San Jose State University
2009 Avg. Price: $808,926

Berkeley, Calif.
School: University of California, Berkeley
2009 Avg. Price: $1,299,750

Boston/Chestnut Hill, Mass.
School: Boston College
2009 Avg. Price: $1,337,578

Los Angeles, Calif.
School: University of Southern California, University of California, LA
2009 Avg. Price: $1,347,125

Palo Alto, Calif.
School: Stanford University
2009 Avg. Price: $1,489,726

Source of the above article : Forbes . As you can see 4 bedroom apartment costs from $121,885 to $1,489,726. So, based on the cost of the apartment, rental cost will also be high. When rental costs goes up, cost of living for the students also goes up. If your monthly expense is $700, atleast$350 will be used for apartment rent and rest will be used for other expenses.If you have choice between two similar universites, compare the cost of living, before making the final decision.

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