Student accommodation costs an average of £75 a week - Halifax Reseach


23rd August 2008

New research for the Halifax Student Account shows that the average student now pays almost £75 a week for accommodation.  The study also revealed that spending on food was almost £40.

Figure 1.  On average, how much do you spend each week during term time on the following:







Food & Provisions


Take Away food


Total food spend


Drinks in pubs and bars


Take-out alcohol


Total alcohol spend




Utility bills


Leisure and social activities


Materials, Books and equipment for your course




Accommodation costs highest in the South West…

The Halifax research showed that the average weekly accommodation bill in the South West was in excess of £90, closely followed by the South east at almost £87 (see figure 2).  By comparison, students in West Midlands paid a more affordable £53.40.

Mike Regnier, Head of Banking at Halifax, said:

"Our research showed that for most students weekly living expenses can be upwards of £200 or more. 

"It's important for students to not only set a budget and stick to it but to also minimise the cost of any borrowing.  This may include keeping the cost of their overdraft to a minimum by selecting a bank account with a 0% overdraft offer."

The Halifax Student Current Account offers an overdraft of up to £3,000 interest-free.

Figure 2.  Average weekly accommodation cost during term time



South West


South East




North West




East Midlands


Yorkshire & Humber


North East






West Midlands


Northern Ireland


UK Average


Notes about this Press Release.

Research was conducted by online market research company 'Opinionpanel Research' on behalf of Halifax. Opinionpanel’s Student Panel is the largest online market research panel of its kind in the UK with over 60,000 panelists.  The Survey took place in May 2008.

Source :Halifax/HBOS


Student Rental advice and Student Insurance

NatWest Student Living Index 2008   

An Education In Home Insurance - Parents can insure their offspring’s possessions while at university with no extra cost - September 2008

One in four home insurance policies do not provide any cover for students living away from home - September 2008

Students' Insurance in need of Parental Revision - November 2007

See our Fact File for Students

See also - Tips for Tenants when renting a property

and Students' Insurance in need of Parental Revision - November 2007

See Also:

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Halifax home insurance issues advice to those at risk from Britains forecast weather - March 2008




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