The average cost of food per month for a college student is $547. College students spend on average $341 a month eating off-campus. Meals cooked at home average $206 a month when the cost of eating off-campus is included. A campus meal plan averages $563 a month.
- A 2018 study showed that college students cumulatively spent $65 billion on food. According to Peterson, the average college meal plan works out to $375 per month. This is the average cost of food per month for college students. Many students try to be frugal with food at times when they are struggling to manage expenses.
- 1 How much should a college student spend per month?
- 2 How much money does the average college student spend on fast food?
- 3 How much do groceries cost per month for a college student?
- 4 How much do college students spend on food per week?
- 5 How can college students afford groceries?
- 6 How much money does the average college student have?
- 7 How can I save money on food in college?
- 8 What’s the 50 30 20 budget rule?
- 9 How often do college students eat out?
How much should a college student spend per month?
But how much spending money for college does a student need? While the number is dependent on a range of factors, the average amount of spending money for a college student is $2,000 per year or about $200 per month.
How much money does the average college student spend on fast food?
The amount of money spent on fast food is associated with total calories consumed. The higher dollar value spent on fast food the more total calories consumed by college students. Students spent an overall average of $71 and consumed approximately 12,000 calories per month.
How much do groceries cost per month for a college student?
According to the USDA website, a typical college student will usually spend between $163 and $367 a month on food. This particular website avails different costs based on gender, as well as four distinct meal-plan estimate levels.
How much do college students spend on food per week?
Answer. According to this chart- we’ll assume that most students are on the “low-cost” plan- the average American college students spend on food anywhere between $42-$55 per week. Another survey estimates that the average adult spends between $10-12 per day on food, which comes out to about $70-84 per week.
How can college students afford groceries?
Ways to Afford Groceries in College
- Self-Reliance in the Kitchen.
- Make a List with Priorities.
- Don’t Fear the Produce Section.
- Shop the Sales, Clip the Coupons.
- High-Cost Items Are Cheaper in Bulk.
How much money does the average college student have?
In 2015–16, the median income for full-time dependent students with income was $3,900. The median independent student earned $13,880 over the year.
How can I save money on food in college?
Consider the following tips to help you better manage your food expenses while on campus.
- Make a weekly food budget and stick to it.
- If you have paid for the campus meal plan—use it.
- Cut out any unnecessary restaurant spending.
- Avoid alcoholic drinks in restaurants and bars.
What’s the 50 30 20 budget rule?
The 50/30/20 rule is an easy budgeting method that can help you to manage your money effectively, simply and sustainably. The basic rule of thumb is to divide your monthly after-tax income into three spending categories: 50% for needs, 30% for wants and 20% for savings or paying off debt.
How often do college students eat out?
The average American eats out 4.2 times a week. Exact data is sketchy, but it’s safe to say the average college student eats out more than the average American. Most aren’t spending $12.75 on every meal, but even the Dollar Menu at McDonald’s quickly adds up to about $5.