How much should I budget for living expenses each year during my MBA at MIT?
MBA students at MIT typically spend around USD 31,149 a year on accommodation, food and other living expenses. Housing is the biggest item at about USD 19,728, followed by food at roughly USD 7,056. Books, transport and miscellaneous costs make up the rest.
MBA students at MIT typically spend around USD 31,149 (approx INR 29.92 L) a year on accommodation, food and other living expenses. Housing is the largest part, followed by food. This is an approximate average, so your own spending may differ.
Yearly living expense breakdown
| Purpose | Annual expense (USD) |
|---|---|
| Housing | 19,728 (approx INR 18.95 L) |
| Food | 7,056 (approx INR 6.78 L) |
| Books and course material | 706 (approx INR 67,818) |
| Transport | 847 (approx INR 81,363) |
| Miscellaneous (clothing, internet bill and similar) | 2,822 (approx INR 2.71 L) |
Living costs alongside tuition
These living costs come on top of MBA tuition, which is listed at USD 91,892 (approx INR 88.27 L) for 2026-27. Together they shape your total yearly budget.
My Advice
Housing drives most of your living budget, so start your accommodation search early and compare options. Treat the figures here as a planning guide and confirm current costs on the official MIT page before you finalise your funding.
This information is available on: mitsloan.mit.edu, registrar.mit.edu
How much will a month in the USA cost you?
Rent, food and travel. A real monthly budget, city by city.
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