How much money should I budget for living in Ireland?

Sheila Mahon
Sheila Mahon
  • Updated

Planning your budget is one of the most important things you should do before you leave home. The cost of almost everything in Ireland will be different from your home country. It is very important to have enough money to cover your tuition fees and living costs.

Many things can affect how much money you will need, so these figures are a guide only. While many students get a part-time job to support themselves, it is better not to rely on work to cover your living expenses. 

Some of the start up costs

These are costs which you will have to pay at the beginning of your stay in Ireland. Some of them will reoccur at a later stage of your stay but not too frequently if at all:

  • Registration with INIS (€300). Please note you will have to pay €300 each time you renew your visa.
  • Medical Insurance - Please note you will have to renew your medical insurance after 1 year.
  • Television license (€160) for your flat or house. Every household with a TV or equipment capable of receiving a television signal must have a TV license. It is issued for 1 year.
  • Temporary accommodation during your house hunt if not living in a student residence.
  • Deposit for privately rented accommodation (usually 1 month’s rent). You will have to pay a deposit if you move into accommodation that is privately owned. It should be returned to you at the end of your stay unless you have damaged the property in some way.
  • Deposit for utilities (gas and electricity) for privately rented accommodation. The company sets the fee and it can be up to €200 unless there is a pay-as-you-go system for the utilities in the property.

Monthly living expenses

Your biggest monthly expense will be for accommodation, and you can see average prices for accommodation in Dublin on the accommodation section of the NCI website.

Average cost of living

For more information on the cost of living we recommend the following websites for guidance:

Additional tips

  1. Make a budget and track your spending.
  2. Bring some Euros in cash with you and use a credit card to have easy access to money until you open a bank account in Ireland.
  3. It is best not to bring any Euro denominations larger than €50 as they aren’t widely used.
  4. You should allow some room for unexpected costs, like a visit to the doctor.
  5. Remember that failed modules will result in repeat fees, visa renewal fees and additional medical insurance fees.
  6. Open a digital current account before travelling to Ireland

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