Monthly Expenses
Overview of Monthly Expenses
NSCC International gathered data from 52 International Student Ambassadors living in several communities across Nova Scotia. We had completed a survey in 2021 with 52 International Students from various communities in Nova Scotia to create a detailed cost-of-living information from students. This Cost-of-Living Survey provides real estimates of what finances you should prepare for to live well in Nova Scotia. The costs will vary depending on if you are living with roommates, in a homestay, on your own, with a partner, or with a family.
Money needed to have a comfortable life in Nova Scotia per month
| Person sharing accommodation (Roommates, renting a bedroom, etc) | $1000-1500 |
| Person living on their own (Studio/Bachelor, or 1-bedroom apartment) | $1500-2000 |
| Couple sharing accommodation (1-bedroom, or 2-bedroom) | $2000-2500 |
| Couple with children (Multi-bedroom apartment or standalone home) | $2500+ |
*note this is from a 2021 survey
Creating Your Budget
When creating your monthly budget, it is important to consider your individual needs and do your own research to find estimated costs. We encourage students to complete the Money Matters Financial Planning document as they work through this module and learn more about how to create a budget that is realistic for your needs. In addition to the Money Matters Financial Planner, students should review the Cost of Living Information available on the NSCC website.
