Cost of Living for Masters (MSc) in Actuarial Science in Ireland

Ireland, in recent years, has seen a dramatic increase in non-EU students, especially Indian students settling there owing to the brilliant career prospects from top universities and immense employment opportunities. Ireland has a different lifestyle, and the cost of living in Ireland is quite expensive for Indians, especially that of most other European nations. However, the opportunistic prospects make it well worth the expenditure. On average, the cost of living in Ireland for single person studying Actuarial Science ranges between €7000 to €12000, utterly dependent on individual lifestyles. On-campus accommodation cost for Actuarial Science in Ireland falls between €400 to €600 for a single student. However, there has reportedly been an increase in the cost post-Covid-19. The cost of living in Dublin to study masters (MSc) in Actuarial Science is approximately €800 to €1100 per month, including rent, electricity, food, books, laundry, medicines, and other associated living and lodging expenses.

To break down the average living expenses in Ireland for Non EU Actuarial Science students, accommodation costs €400, food and beverages cost €180, travel costs €150, and mobile with other essential utilities cost around €80 per month at the minimum. Amassing a fund of €100 monthly for other miscellaneous expenses is a wise decision for students living there. The living cost for Indian students in Ireland per month to study Actuarial Science is pretty much on the higher side as reported for the academic year 2022, which is around €12000 every year after calculation. Although it vastly depends on the student's lifestyle living there, to offer you an estimated idea, GoIreland has listed below some necessary expenses in Ireland for you. Here is a complete breakdown of the estimated cost of living in Ireland while studying Actuarial Science-

One liter of milk: €1
Can of Coca-Cola: €1.4
Cup of coffee: €2.7
Lunch from a campus cafe: €7.5
Meal in an inexpensive cafe: €15
Meal at a restaurant: €55
Movie ticket:: €10
One-minute mobile phone call: €0.26
Taxi ride for one kilometer: €1.25
One liter of petrol: €1.3
One-room apartment in the city center: €1,029
One-room apartment in the suburbs: €829

Dublin, the intriguing capital, is costly to live there. However, other Irish cities are less expensive and cost-effective than major European countries like the UK. Being frugal on your budget and practicing a smart, ordinary lifestyle in Ireland is the most imperative way to save money while studying. GoIreland consultants can assist students with education loans that can cover all their academic and living expenses in Ireland so they can focus on their masters education for a bright career ahead. Our financial partners are experienced and have been in the educational funding sector for long enough and can help you with up to 90% of funding and, in some cases, up to 100% of the education, accommodation, and other expenses abroad. These loans are also backed by government subsidies that cut down on the interest rates and give you a better moratorium on your loans.