Average Budget for a College Student

Adding discretionary spending subtracts mucho dinero from wallets everywhere. And that is exactly the grand lifestyle of the average college student!

Looking for breakdowns of how typical college students spend their own money, I found that 40% of their spending goes towards recreational purposes while 49% of the students surveyed have a part-time job, garnering their own income. Students attending college in New York City most likely hold a higher percentage in that area.

In this infographic, studies done by Westwood College demonstrate one of life’s greatest mantras: work hard, party harder! (Click on the image for a larger view.)

Should I Stay or Should I Go?

Attending college in New York City has its pros and cons, just like any other city. But notice the difference in length of these lists…

Pros:

Convenience, people. In New York, convenience is everything.

Living in the city means you have all the unique and delectable restaurants you want at your fingertips. There are all different kinds of bars, lounges, clubs, hookah bars, et cetera. From a shop solely dedicated to the art of rice pudding to a restaurant/bar with incredible American cuisine and drinks that is open 24/7, you name it, you got it.

Not to mention how late many restaurants/bars are open until. (I’ve gotten the best burgers and crepes at 4:00am.) I mean, it IS the city that never sleeps.

You can intern or work during the school year because you’re only a 20-minute subway ride away, not a 3-hour car drive.

There is a Starbucks about every three blocks (chai tea latte = heaven), and you never have to worry about being far away from a deli or drug store.

You are among the world’s most useful public transportation system… The good ol’ Metropolitan Transit Authority. (Ah yes, the MTA and I have a love-hate relationship… explanation to come later.)

Cons:

It can get pretty damn expensive, especially with dorm/rent payments and if you choose to get an unlimited monthly MetroCard ($104). Though, most people I know just use the pay-per-ride (regular) metrocard… Oh, and you don’t get that whole “normal college experience” thing, but the word “normal” doesn’t mean shit in New York anyway. And that’s what I love about it. See? NYC even makes a con turn into a pro!