LUT Newcomers The blog is created to provide general information to LUT Newcomers about Lappeenranta and on a more wide area, Finland.

How much money do you need to survive in Finland?

Dear Newcomers,

Today you will find some information about How much money you need to Survive in Finland.

Cost of Living

In the ranking, Finland can be found as one of the most expensive countries in the world. A student who can keep expenses as low as possible will spend approximately 500-600€ per person per month.. How much you actually spend is of course entirely up to your personal lifestyle.

Living costs

Housing costs will hit an average of 30 % of your monthly income. The cost of houses and apartments are of course particularly dependent on their location. The most affordable residential alternative is sharing an apartment, especially for a single person. A shared apartment can cost between 250-400€, depending on the location. Additional costs are often included in the rent, like to use of water, electricity and Internet.

Food costs

For foods you should schedule around 20-30% of your monthly income. Cooking and eating in your own home is recommended instead of going to a restaurant. However, food at the university is probably the cheapest option; you will spend approximately 1,80-2,60€ for a meal, which includes the main meal, drinks, salad and bread. If you also like to go out to eat once in a while, the menu prices vary with the choice of restaurants. In the Midscale segment, you can find good restaurants with menus from 12€.

Transportation

In Lappeenranta you will find a well-developed transportation network, whereas you wont have trouble to explore the city. The road is also usually the most efficient transportation network in the country. Buses of the company Matkahuolto and express bus are the most used public transport in Finland. For a bus ride in Lappeenranta you pay 2.50-3.20€. A 30 day student travel pass would cost 41€. The rail network is another important pillar of the Finnish transport system. The state-owned VR Group manages this network.

Below you can find the typical expenses incurred by a student:
• Accomodation : 250-400 €/month
• Transportation (Bus) : 2.50-3.20 € per bus ride. 30 day student travel pass (41€)
• Food costs : 100-150 €/month
• Leisure ( eating out, movies, clubbing ) : depends on your lifestyle ( 50-100 €)
• Sports + gym: The sports pass at LUT would cost 20 € per semester.

Useful links:
Study in Finland – Cost of living

http://www.studyinfinland.fi/…/before_your_a…/cost_of_living

Canteen at saimaa university of applied sciences ( near LUT)

http://www.saimia.fi/ravintolaskinnarila/en/

Aalef canteen @LUT

http://www.aalef.fi/ylioppilastalolounaat.php

Sports facilities @LUT

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2 Comments

  1. Dail 09.07.2016 at 20:59

    I think with 350-450 € is also possible to live but kind of a minimalistic life style.

    • LUT Admin 18.07.2016 at 19:03

      Hi!
      Yes it is very possible. Really depends a lot on the way you live.

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