Cost of Living for Masters (MSc) in Economics in Ireland

The cost of living in Ireland includes accommodation, travel, and other sundry expenses. On average, the on-campus accommodation cost for Economics in Ireland will be less than that of living outside the campus. Living outside the campus means renting an apartment or sharing an apartment with someone. Here the rent will have to be paid monthly whereas, in on-campus accommodation, you will have to pay a one-time cost.

The average on-campus cost of living in Dublin to study Masters (MSc) in Economics falls between €200 to €300 per month. However, when you choose to or have to live outside the campus in a city like Dublin, the monthly rent can fall between €1100 to €1800 per month. The cost of living is less in other cities besides Dublin. For instance, in Cork, the monthly rent is between €850 to €1400 per month. In Galway and other smaller cities, the rent is between €800 to €1100 per month.

Here too, the rent will be higher if you decide to live in an area near the university or college. Also, the living cost for Indian students in Ireland per month to study Economics is also higher in places near the university or colleges. The list of living costs does not end here. It continues to add other expenses, including;

Economics

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• Travel expenses: Taking a bus to and fro from the college will put you down by €65 to €85 per month. You can save on this by getting a bus card.
• Food: Food costs can rise quickly if you eat from lavish restaurants every other day. However, for a student to gain the exact amount of energy and calories while having a great and yummy meal every day will cost between €250 to €350 per month.
• Utilities: Then we have the utilities. These are the electricity, gas, and other miscellaneous expenses that a student incurs daily. These costs will fall between €30 to €50 per month.
• Personal expenses: The last of the living expenses in Ireland for Non EU Economics students include personal purchases and entertainment costs. Every other payment can fall into this category, from a Netflix subscription to paying for beers, visiting pubs, watching matches, etc. However, how much you spend in this header depends on your lifestyle and choices.

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With everything included, the estimated cost of living in Ireland while studying Economics for a student with on-campus accommodation can begin from €1400. However, for students renting a room outside the campus, the cost of living in Ireland for single person studying Economics can increase to €2000 per month.

The good thing is that banks are also ready to cover this cost for their borrowers. The banks provide a total sum to the borrowers based on their profiles. They will pay the tuition fees directly to the university or college and deposit the rest of the amount in the student’s account. The student can sponsor their daily expenses from these funds. As a result, living and surviving in Ireland can become easier. Another option is to take up part-time work. Ireland allows its students to work up to 20 hours a week and 40 hours a week during the designated university holidays. So working alongside studying can help the students cover some of the expenses.

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