How Does the Cost of Student Accommodation in Exeter Compare to Other UK Cities?

The cost of student accommodation is an important factor when choosing a university, as it can make a significant impact on a student’s overall budget. For students planning to study in Exeter, understanding how its accommodation costs compare to other cities across the UK is crucial. With the rising cost of living and the ongoing housing challenges in many areas, students need to make informed decisions about where to live. This blog will explore the cost of student accommodation in Exeter, comparing it to other popular university cities in the UK to help students understand the financial implications of their choice.

Student Accommodation Costs in Exeter

Exeter is known for its beautiful surroundings, rich history, and prestigious university, the University of Exeter. However, like many other cities in the UK, student accommodation prices in Exeter have risen in recent years. The cost of accommodation for students in Exeter can vary depending on several factors, such as location, type of property, and whether it is catered or self-catered.

On average, students in Exeter can expect to pay between £120 and £180 per week for a room in a shared house or flat. University-owned accommodation is often priced similarly, though it may offer additional amenities such as cleaning services or meals, which could justify a slightly higher cost. For private accommodation, particularly in the city centre or near the university, students may find prices to be at the higher end of this range. Accommodation outside the city centre tends to be slightly more affordable, though students may have to factor in the cost of transportation.

In comparison to other major UK cities, Exeter’s student accommodation is somewhat affordable, but it is still above the national average. This makes it more expensive than some northern cities, but not as pricey as others, particularly in London and parts of the southeast.

Exeter Compared to Northern Cities

When we look at student accommodation costs in northern cities such as Newcastle, the picture changes significantly. Accommodation for students in Newcastle tends to be more affordable compared to Exeter, especially when considering the average weekly rent. In cities like Newcastle, students can often find shared accommodation or rooms in student halls for as low as £90 to £130 per week. Although rents can increase depending on the proximity to the university or city centre, overall, Newcastle offers more budget-friendly options for students looking to save money.

The cost of living in northern cities is generally lower than in the south, which contributes to the lower accommodation costs. For students on a tight budget, cities like Newcastle offer great value in terms of accommodation. However, it’s important to note that while rent may be cheaper, other costs such as transport, food, and entertainment can still add up, although they might still be lower than those in Exeter.

Comparing Exeter to Larger Cities

When comparing Exeter’s student accommodation costs to those in larger cities such as London, Manchester, or Birmingham, Exeter falls into the mid-range. London, being the most expensive city for students, sees average accommodation costs of £200 to £300 per week, with some of the most sought-after areas in central London pushing rents even higher. Many students in London choose to live in shared accommodation or student halls to keep costs down, but even then, the cost of living can be quite prohibitive.

Birmingham and Manchester, two of the largest university cities in the UK, offer a wider range of accommodation options at various price points. In these cities, students can expect to pay between £130 and £200 per week for a room in shared accommodation, with university-managed halls and private student housing at the higher end of the spectrum. Like Exeter, rents in these cities can vary significantly depending on the area, with city centre locations commanding the highest prices.

For students choosing to study in Exeter, it’s essential to keep in mind that, although the city is more affordable than London, it’s still more expensive than many northern cities and some of the larger cities in the UK.

Accommodation Options and Affordability

One factor that affects accommodation costs in Exeter, and in many other cities, is the type of housing available. University halls are often the most expensive option, especially if they are catered, as they include the added cost of meals. In contrast, self-catered accommodation, where students prepare their meals, tends to be more affordable. Private housing options, such as shared houses or flats, are another popular choice for students, particularly for those who prefer more independence. These options can sometimes be cheaper, but they often require students to sign long-term leases and are subject to additional costs like utility bills.

For students who are concerned about the cost of student accommodation, there are ways to reduce overall expenses. Living further from the city centre, for example, can bring down rent prices, though students will need to factor in transportation costs and commuting times. Additionally, sharing accommodation with other students can help reduce individual rent costs, making it a more budget-friendly option. Another way to save is by opting for university-owned accommodation, which often offers cheaper rents compared to private student housing in Exeter.

The Impact of Location

Exeter’s location in the southwest of England plays a significant role in the cost of student accommodation. While it is not as expensive as cities like London or Cambridge, Exeter’s popularity as a university town has led to a rise in demand for student accommodation, driving up prices. The city’s picturesque surroundings, access to the countryside and coast, and the reputation of the University of Exeter contribute to its appeal, making it an attractive destination for students.

In comparison, larger cities like Manchester or Birmingham benefit from a higher volume of student accommodation options, meaning there is more competition for spaces. This results in a broader range of prices, making it easier for students to find affordable accommodation that suits their budget.

Exeter’s relatively smaller size means that the student housing market is more concentrated, and there are fewer options in terms of affordable accommodation. This can make it more difficult for students to find budget-friendly housing within easy reach of the university.

Rising Costs and Future Outlook

It’s important to note that the cost of student accommodation in Exeter, like in many other cities, is likely to continue rising in the coming years. As demand for university places increases and more students seek accommodation, landlords may raise rents to keep up with the market. This can be a challenge for students on fixed budgets or those who rely on student loans. However, students can still find ways to keep accommodation costs manageable by planning. Researching available options early in the year, considering shared housing, and opting for accommodation further from the university are all strategies that can help students secure more affordable housing. Additionally, looking for student discounts or accommodation packages that include utilities can help keep overall costs down.

Conclusion

In summary, the cost of student accommodation in Exeter is relatively moderate compared to other university cities in the UK. While it may be more expensive than northern cities like Newcastle, it is significantly cheaper than London and other large cities in the south of England. Students looking to study in Exeter will find a variety of accommodation options available, ranging from university halls to private housing, with prices varying depending on location and amenities. By carefully considering their accommodation options and budgeting effectively, students can make the most of their time in Exeter without overspending on housing.