Cost of living & Dutch bank account

​Next to tuition fees, an important financial component of studying abroad is the cost of living. Here you can find useful information that will help you plan your budget and manage your financial matters in Groningen. You will also find a short description on how to open a bank account in the Netherlands.

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​The currency of the Netherlands is the Euro: €. You can find out how much Euro's your currency is worth by checking the currency converter.

Living in the Netherlands can be quite expensive compared to other countries. We want to inform you in advance of the costs of living in Groningen, so you may know what to expect. Studying in the Netherlands costs between €700 and €900 a month. This amount includes rent, buying books, food etc. Tuition fee is excluded. If you include going out and having an active social life, you may need (much) more.

Below we have broken down the cost of living in Groningen, based on the monthly expenditures of Dutch students, but without the costs international students are less likely to make. These amounts are averages, depending on your lifestyle this can be either more or less.

  • Housing: ~ €350-700
  • Groceries: ~ €200
  • Books: ~ €84
  • Public transport: ~ €48
  • Going out/sports: ~ €130
  • Clothes: ~ €58
  • Insurance costs vary for international students, Dutch students pay between € 55 - 120 per month
  • Telephone use: ~ €32

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