Off-Campus Life has tried to provide a basic calculation for monthly costs of on and off-campus living. Please note that this does not cater itself to any particular situation. Student's costs may be higher or lower depending on needs. Off-campus living can have many up-front costs that cannot be shown below, such as buying furniture, transportation to campus, parking, utility start-up and lease signing costs, unforeseeable situations such as a roommate moving out, and more. Also, most leases off campus are 12 months, which means there is about 4 more months in the calendar year to pay for utilities compared to the roughly 8 month residence hall cycle.
Start with your living situation, and see what is included in your price per month.
|
per month
|
Efficiency |
1 bdrm |
2 bdrm/1 bath |
2 bdrm/2 bath |
3 bdrm |
Res Hall Std.*** |
Res Hall Suite*** |
Res Hall Summit*** |
Res Hall Tower 3 room*** |
Res Hall Academic Village*** |
|
Rent* |
$527 |
$717 |
$765 |
$895 |
$1074 |
$1008 |
$1100 |
$1159 |
$1164 |
$1177 |
|
Utilities **(Gas/Electric) |
$50 |
$60 |
$70 |
$80 |
$90 |
incl |
incl |
incl |
incl |
incl |
|
Cable |
$58 |
$58 |
$58 |
$58 |
$58 |
incl |
incl |
incl |
incl |
incl |
|
Internet*** |
$26 |
$26 |
$26 |
$26 |
$26 |
incl |
incl |
incl |
incl |
incl |
|
Food (low-cost) **** |
$240 |
$240 |
$240 |
$240 |
$240 |
incl |
incl |
incl |
incl |
incl |
|
Total |
$901 |
$1121 |
$1179 |
$1319 |
$1508 |
$1008 |
$1100 |
$1159 |
$1164 |
$1177 |
Student loans, particularly reward notices from the FAFSA application, budget for living costs, whether on or off campus. When living off campus, these costs are refunded to the student instead of going to pay for on-campus housing.
*RENT prices from Division of Housing Statewide Multifamily Housing Vacancy and Rent Survey 2nd qtr 2009 http://dola.colorado.gov/cdh/vacancy/statewideintro.htm
**Utilities, cable,internet, and phone costs based on yearly apartment rental analysis conducted by community, gathered by Off-Campus Life, using a comparable local apartment. Rates can greatly vary depending on usage by tenants. One-time, start-up fees occur for most utility companies. Utilities fees could be as much around $20-$100 depending on credit and company. Add $15/mo for trash if not included.
***Residence hall calculations made by taking the per-semester cost and dividing it by 4 months, roughly the time per semester a student is allowed to live in the residence halls. Furniture is provided. Utilities, including cable and internet, are also included. Please note that internet in the residence hall provides T3 coverage, and off-campus internet usually provides either a cable or DSL connection based on what service provider you use. These providers do not reach T3 speeds.
**** The "low-cost" food estimate was calculated using the table below from the USDA and averaging the cost between the male and female low-cost estimation. Price listed is per person. Note that this does not include any restaurant meals. Food is included in the residence halls. Rates calculated with the B meal plan. Low-cost food is described as: "Makes most meals from scratch, but buys junk food once in awhile. No microwave meals."
Prices listed are per student for residence hall rooms. Note that for off-campus housing, rent and utilities can be split between roommates if you choose to live with others.
Food costs
|
|
Thrifty |
Low-Cost |
Moderate |
Liberal |
|
Male |
200 |
257 |
323 |
396 |
|
Female |
177 |
223 |
276 |
354 |
Thrifty: Makes all meals from scratch; makes a list and sticks to it when shopping; on a very tight budget, no junk food.
Low-Cost: Makes most meals from scratch, but buys junk food once in awhile. No microwave meals.
Moderate: Uses convenience foods (i.e., macaroni and cheese) but does not buy very many microwave meals. Buys a substantial amount of junk food.
Liberal: Buys a lot of microwave meals and a lot of junk food.
http://www.cnpp.usda.gov/USDAFoodCost-Home.htm