Are you dreaming of alpine vistas and Baroque splendour? Welcome to Austria, where your quality of life could soar — but at what cost? Let’s dive into the nitty-gritty of the cost of living in Austria for 2024.
Imagine calling home to the world’s 3rd safest country, where peace of mind comes standard. And if you’re academically inclined, you’re in for a treat: the University of Vienna (ranked 137th) and Technische Universität Wien (ranked 190th) are just two of the five Austrian universities gracing the QS World Top 500 in 2025.
But here’s the cherry on top: Vienna, Austria’s crown jewel, has just clinched the title of the world’s most livable city for 2024. It’s outshining global favourites like Copenhagen and Melbourne with top-notch education and health services.
Ready to make the move?
Let’s break down what it’ll cost you to live in this Alpine paradise, from the living cost in Vienna to the Austria living expenses across the country.
Cost of Living in Austria – Key Highlights
This table will give you a quick snapshot of essential living expenses in Austria.
| Highlight | Details |
| Austria Living Cost Per Month | INR 90K – INR 1.35L (EUR 1,000 – EUR 1,500) |
| City-wise Average Rent (1-bedroom apartment) | Vienna: INR 72K – INR 1.08L (EUR 800 – EUR 1,200)Â Graz: INR 90K – INR 1L (EUR 1000 – EUR 1100)Â Salzburg: INR 80K – INR 1L (EUR 900 – EUR 1100)Â Innsbruck: INR 90K – INR 1L (EUR 1000 – EUR 1200) |
| Average Food Expenses | INR 18K – INR 27K (EUR 200 – EUR 300) |
| Transportation Expenses | INR 3.6K – INR 5.4K (EUR 40 – EUR 60) |
| Part-time Work | 20 hours per week for non-EU students |
| Top Universities | University of Vienna Technische Universität Wien Universität Innsbruck |
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Why Choose Austria?
Nestled in the continent’s centre, Austria isn’t just flaunting its world-class education system — it’s also becoming a powerhouse of employment opportunities.
Do you know?
The job market is booming, with the number of employed people projected to continuously increase by a promising 0.45% (or roughly 2,00,000 individuals) between 2024 and 2025. That translates to a potential 4.46 million people employed by 2025 – that’s a promising sign for a secure future!
Join the ranks of those who choose Austria not just for its scenic beauty but for its dynamic blend of academic excellence, career prospects, and economic stability, and discover why it’s a destination like no other.
- Educational Hub: You’ll find yourself in academic heaven without breaking the bank. Austria boasts five universities in the global top 500, offering world-class education at a fraction of the cost you’d pay in other Western European countries. Imagine diving into cutting-edge research or mastering your craft in the land of Mozart and Freud!
- Quality of Life: Your Austrian living expenses buy you more than just a place to stay. They’re your ticket to top-notch healthcare, efficient public transport, and clean, safe cities. The cost of living in Vienna, Austria, might surprise you, but so will the return on your investment in terms of quality of life.
Are you still considering other options? Hold on! Here’s what makes Austria perfect for you:
- Part-Time Work Opportunities: As an international student, you can work up to 20 hours per week during semesters and full-time during holidays. This helps offset your cost of living in Austria per month while gaining valuable work experience.
- Excellent Research Opportunities: Austria invests heavily in research and development, creating a fertile ground for innovative minds. According to Statistics Austria’s estimate, €16.6 bn will be used in Austria for research and development (R&D) in 2024, which corresponds to a research intensity of 3.34% measured as a share of the nominal gross domestic product (GDP).
This substantial investment translates to cutting-edge facilities, groundbreaking projects, and unparalleled opportunities for students to engage in world-class research across various fields.
- Student-Friendly Cities: Vienna, consistently ranked as the world’s most liveable city, offers a perfect blend of culture, safety, and affordability for students. The cost of living in Vienna, Austria, is balanced by excellent public services and student discounts.
- Sustainable Living: Austria ranks 8th globally in the Environmental Performance Index 2024. As a student here, you’ll be part of a society deeply committed to sustainability, influencing both your education and daily life.
Cost of Living in Austria for Students
Planning your budget as a student in Austria involves understanding the current cost landscape. With vibrant cities like Vienna, Graz, Salzburg, and Innsbruck offering diverse living options, Austria stands out as an economical choice compared to its European counterparts.
Notably, housing expenses are significantly lower here, making it feasible to find affordable accommodations without compromising quality. For instance, housing options in Austria are more than 10% cheaper than in Germany and nearly 30% cheaper than in France.
Now, look at the tables below, which cover key expenses, including student housing, food, transportation, and miscellaneous costs.
| Cost of Living in Austria | Estimated Monthly Cost |
| Student Housing | INR 22K – 88K (EUR 250 – 1000) |
| Food | INR 8K – 20K (EUR 90 – 225) |
| Transportation | INR 3.5K – 6K (EUR 40 – 69) |
| Miscellaneous | INR 2.5K – 8K (EUR 29 – 92) |
Also Read: Cost of living in the USA
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Average Rent that Goes Towards the Cost of Living in Austria
Location plays a crucial role in rent prices across Austria. Understanding the average rent prices helps you plan your accommodation wisely, ensuring you find the right balance between budget and preference.
Check the table below for a quick overview of average rent in Austria.
| Type of Accommodation | Estimated Monthly Cost |
| Shared Apartment | INR 35K (EUR 400) – INR 55K (EUR 630) |
| University Dormitory | INR 22K (EUR 250) – INR 35K (EUR 400) |
| Private Apartment | INR 44K (EUR 500) – INR 88K (EUR 1000) |
Cost of Food in Austria
Exploring culinary delights in Austria isn’t just a treat for the palate — it’s also budget-friendly for students. Supermarkets like Spar and Billa offer student discounts on essentials, while local markets boast fresh produce at affordable prices.
Whether preparing a meal in your student apartment or dining out with friends along Vienna’s Naschmarkt, managing your food expenses becomes economical and enjoyable.
Here’s an estimated breakdown of monthly food costs in Austria.
| Item | Estimated Monthly Cost |
| Milk (1 litre) | INR 110 (EUR 1.43) |
| Eggs (12) | INR 365 (EUR 4.03) |
| Loaf of Bread | INR 195 (EUR 2.47) |
| Rice (1 kg) | INR 200 (EUR 2.25) |
| Potatoes (1 kg) | INR 150 (EUR 1.84) |
| Mineral Water (1.5 l) | INR 55 (EUR 0.72) |
| Chicken (1 kg) | INR 1K (EUR 12.70) |
Transportation Cost in Austria
Navigating Austria’s cities is seamless, thanks to an efficient public transport network. From Vienna’s U-Bahn to Salzburg’s well-connected bus routes, you will benefit from discounted transport passes and student fares.
Whether you’re commuting to classes at the University of Vienna or exploring the scenic routes of Innsbruck, Austria’s transportation system ensures affordability and convenience throughout your student journey.
Here’s an overview of transportation costs.
| Mode of Transport | Estimated Monthly Cost |
| Public Transport | INR 3K(EUR 40) – INR 5K (EUR 57) |
| Taxi | INR 4K(EUR 46) – INR 6K (EUR 69) |
Please Remember: The cost of living in Vienna, Austria, or other cities will add to your overall expenses, but the quality of education and life experience you’ll gain is invaluable. As you plan your budget, consider these tuition costs alongside your monthly living expenses to get a comprehensive view of your Austria living costs per month.
Also read: Study in Austria
Now you’ve crunched the numbers on Austria’s living expenses!
Let’s help you explore top universities and their tuition fees to personalise your budget even further. This way, you can get a clearer picture of the total investment for your Austrian student adventure.
Top 5 Universities in Austria and Their QS Rankings 2025
Austria’s higher education landscape is a magnet for international talent, drawing over 80,000 students from across the globe. Impressively, Indian students form the second-largest group, with about 5,000 choosing Austria as their educational destination. This diverse mix speaks volumes about the quality and appeal of Austrian universities.
When considering the cost of living in Austria, especially for students, it’s crucial to factor in tuition fees. Fortunately, Austria offers a compelling blend of world-class education and affordability. Public universities here are particularly budget-friendly for EU/EEA students, while fees for non-EU students remain competitive compared to other European countries.
EU students, which includes students from Austria, other EU countries, and the European Economic Area (EEA), enjoy significantly lower tuition fees at public universities in Austria. For EU/EEA students, public universities in Austria typically do not charge any tuition fees as long as they complete their studies within the minimum duration plus an additional two semesters.
On the other hand, non-EU students who are not citizens of an EU or EEA country are generally required to pay higher tuition fees at public universities in Austria. These non-EU students typically need to pay around INR 65K (EUR 727) per semester.
Let’s explore the top 5 universities that contribute to Austria’s academic prestige, along with their QS World University Rankings for 2025 and estimated annual fees:
| University Name | QS World Ranking 2025 | Annual Tuition Fees |
| University of Vienna | 137 | INR 1.5L (EUR 1500) |
| Technische Universität Wien | 190 | INR 1.5L (EUR 1500) |
| University of Innsbruck | 309 | INR 1.5L (EUR 1500) |
| Graz University of Technology | 413 | INR 1.5L (EUR 1500) |
| Johannes Kepler University Linz | 472 | INR 1.5L (EUR 1500) |
General Eligibility for Indian students to study in Austria Universities
Studying at universities in Austria offers Indian students a unique opportunity to receive a high-quality education in a culturally rich and picturesque European country.
To help you navigate the application process, it’s important to understand the general eligibility requirements.
- Educational Qualifications: Completion of higher secondary education (12th grade) with good grades for UG courses and a relevant bachelor’s degree from a recognised university for PG courses.
- English or German Language Proficiency: Proof of proficiency in English or German, depending on the language of instruction. This is usually demonstrated through IELTS, TOEFL, or TestDaF scores.
- Course-Specific Requirements: Meeting any additional requirements specific to the chosen course or program.
- Visa Requirements: A valid student visa, which involves meeting Austria’s immigration requirements.
Scholarships to Reduce Cost of Living in Austria
Worried about the cost of living in Austria after checking the tuition fees at top-rated universities? Take a deep breath, and let’s talk about scholarships!
These financial lifelines can significantly ease your Austria living expenses, making your dream of studying in this Alpine paradise more attainable.
From government-funded programs to university-specific awards, there’s a wide array of scholarships available. These can cover not just your tuition but also contribute to your overall cost of living in Austria per month.
Whether you’re eyeing the vibrant capital and concerned about the cost of living in Vienna, Austria, or considering other cities, these scholarships can be a game-changer.
Let’s look at some top scholarships that can help reduce your living costs in Vienna and beyond.
| Scholarship Name | Amount Offered (Annual) |
| Ernst Mach Grant | Up to EUR 8580 (INR 8L) |
| Erasmus+ Program | EUR 12000 (INR 11L) |
| OeAD Housing Scholarship | Up to EUR 6,000 (INR 5L) |
| University of Vienna Scholarships | Up to EUR 12000 (INR 11L) |
How to Reduce the Average Cost of Living in Austria?
As you navigate the financial landscape of Austria, understanding how to reduce your living costs can significantly impact your quality of life. For students, Austria offers a compelling alternative to other European destinations – a study abroad experience without breaking the bank!
While budgeting is essential, Austria presents several opportunities to stretch your Euros further and experience the best it offers.
Let’s help you explore some practical strategies to help you manage and potentially lower your cost of living in this beautiful Central European country.
- Housing: Opt for shared accommodations or apartments outside the city centre. Consider areas like Favoriten or Simmering in Vienna, which offer lower rent prices than more central districts. You can also explore neighbouring towns with good public transport connections to major cities, potentially reducing your monthly living costs in Austria.
- Use public transportation: Austria’s public transport system is efficient and cost-effective. A monthly pass in Vienna costs around INR 4,500 (EUR 50), which can significantly reduce your transportation expenses compared to owning a car.
- Food and groceries: Shop at discount supermarkets like Hofer or Lidl to reduce your grocery bills. Buy seasonal produce from local markets, which is often cheaper and fresher. Cooking at home instead of eating out can dramatically decrease your food expenses. When dining out, look for “Mittagsmenü” (lunch menu) options, which are often more affordable than evening meals.
- Utilities and services: Be mindful of your energy consumption to lower utility bills. Use energy-efficient appliances and LED bulbs. Consider switching to a cheaper mobile phone plan or internet provider.
- Entertainment: Look for free cultural events and museums, which are plentiful in Austrian cities. Many attractions offer discounted prices on certain days or for students and seniors.
Implementing these strategies can potentially reduce your monthly living costs by 20-30%, making life in Austria more affordable while still enjoying its high standard of living.
Top 5 High-Paying Jobs That Breakeven Initial Investment
Securing a high-paying job can significantly enhance your financial stability and career satisfaction, providing both economic benefits and a sense of accomplishment.
These jobs often require extensive education, training, and experience, but the financial rewards and opportunities for professional growth make the investment worthwhile.
Whether you’re entering the medical field, law, or technology, these careers offer impressive salaries and rewarding career paths, highlighting the value of specialised skills and expertise in today’s competitive job market.
Here’s a breakdown of some top high-paying jobs in Austria, along with estimated salary
| Job Title | Salary (INR – EUR) |
| Corporate Lawyer | INR 45L (EUR 50,000) |
| IT Manager | INR 84L (EUR 94,250) |
| Psychiatrist | INR 1Cr (EUR 124000) |
| Anesthesiologist | INR 1.2Cr (EUR 1,42,000) |
| Surgeon | INR 1.3Cr (EUR 1,4,6000) |
Conclusion
Understanding the cost of living in Austria, particularly in cities like Vienna, offers a glimpse into a lifestyle that balances affordability with quality. From competitive housing options to efficient public transport and cultural scenes, Austria caters to diverse needs while maintaining its safety and academic excellence reputation.
Austria stands out as a compelling destination whether you’re drawn by its scenic beauty, educational opportunities, or the promising job market. As you plan your move or study abroad experience, leveraging scholarships and practical cost-saving strategies can further enhance your financial feasibility.
Embrace the Austrian charm while managing your budget wisely, ensuring a fulfilling experience in this picturesque Central European country.
Frequently Asked Questions
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Q. What are the typical Austria living expenses for students?
Ans. For students in Austria, living expenses can be more manageable, ranging from INR 63,000 to INR 90,000 (EUR 700 to EUR 1,000) per month. This includes shared accommodation, food, transportation, and other essentials. Universities often offer affordable dormitories, which can significantly reduce housing costs. Students can also benefit from discounts on public transportation and cultural events. Additionally, many students work part-time to supplement their income, which is permitted for up to 20 hours per week during the semester.
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Q. How much should I budget for rent in Austria?
Ans. Rent is typically the largest component of the cost of living in Austria. In Vienna, a one-bedroom apartment in the city centre can cost between INR 72,000 to INR 108,000 (EUR 800 to EUR 1,200) per month. Outside the city centre, prices may be 20-30% lower. In other Austrian cities, rents are generally more affordable. Shared accommodations or student dormitories can significantly reduce housing costs. When budgeting for rent, it’s important to factor in additional costs such as utilities and internet, which can add another INR 9,000 to INR 13,500 (EUR 100 to EUR 150) to your monthly expenses.
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Q. Are there student discounts available in Austria?
Ans. Yes, Austria offers various discounts for students, including reduced fares on public transportation, discounted admission to museums and cultural events, and special rates on student housing. These discounts help students manage their living expenses effectively.
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Q. What are the average food costs in Austria?
Ans. Food costs in Austria can vary widely depending on your eating habits and preferences. On average, a single person might spend between INR 18,000 to INR 27,000 (EUR 200 to EUR 300) per month on groceries. Eating out at restaurants regularly can significantly increase your food expenses. To keep costs down, consider shopping at discount supermarkets like Hofer or Lidl, buying seasonal produce from local markets, and cooking at home. Many restaurants offer cheaper lunch menus (“Mittagsmenü”), which can be a good way to enjoy eating out without overspending.
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Q. How sustainable is living in Austria?
Ans. Austria is committed to sustainability, ranking 8th globally in the Environmental Performance Index 2024. Sustainable practices influence daily life, including transportation, energy usage, and waste management. Living in Austria allows residents to engage in eco-friendly lifestyles while enjoying a high standard of living.
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Q. How much does public transportation cost in Austria?
Ans. Public transportation in Austria is generally efficient and reasonably priced, especially when compared to the cost of owning a car. In Vienna, a monthly pass for all public transport (including buses, trams, and metros) costs around INR 4,500 (EUR 50). Annual passes often offer even better value. Students, seniors, and other groups often qualify for discounted fares.Â
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Q. What are the average entertainment and leisure costs in Austria?
Ans. Entertainment and leisure costs in Austria can vary greatly depending on your interests and lifestyle. A cinema ticket typically costs around INR 1,080 (EUR 12), while a meal at a mid-range restaurant might cost INR 1,800 to INR 2,700 (EUR 20 to EUR 30) per person. Many museums offer free entry on certain days or discounted tickets for students. Outdoor activities like hiking in the beautiful Austrian countryside can be very affordable.
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Q. What are the best strategies to reduce the cost of living in Austria?
Ans. To reduce living costs in Austria, consider options like living in shared accommodations, using public transportation, shopping at local markets for groceries, and taking advantage of student discounts. These strategies can significantly lower your monthly expenses without compromising on quality of life.
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Q. Is Austria an expensive country to live in?
Ans. Compared to other Western European countries, Austria offers a relatively moderate cost of living. While cities like Vienna may have higher expenses, overall, Austria provides good value for money with its high quality of life, efficient public services, and affordable educational opportunities.
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Q. What is the cost of living in Vienna, Austria, for a family?
A. The cost of living in Vienna, Austria, for a family is generally higher than that of singles or couples. A family of four might need to budget between INR 225,000 to INR 315,000 (EUR 2,500 to EUR 3,500) per month, depending on their lifestyle and choices. This includes rent for a larger apartment, increased food and transportation costs, and additional expenses like childcare or education. However, Vienna offers many family-friendly amenities and services, often at reasonable costs. Public schools are free, and the city provides numerous parks, playgrounds, and affordable family activities.Â
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Q. What are the tuition fees like for international students in Austria?
Ans. Tuition fees for international students in Austria are generally competitive compared to other European countries. Public universities offer lower fees for EU/EEA students, while non-EU students may find tuition costs slightly higher but still reasonable, especially considering the quality of education offered.
