Top 10 Most Expensive College Towns

It’s no surprise that many top schools come at top dollar cost. I’m sure you’ve painstakingly analyzed tuition costs, your financial aid, and filling your aid gap – but there’s more to consider. While you may have everything figured out for your freshman year, it’s important that you think ahead.

According to a study conducted by the New York Times, approximately 60% of undergraduate college students live off-campus, only 20% of whom live with their families. This means that you’ll most likely need to find an apartment or house to rent off-campus after freshman year. Depending on where your school is located, this may be easier said than done.

To help you get a better idea of what to expect, we’ve gathered some information about America’s most expensive college cities, to help you make the most informed decision for your future.

  1. Palo Alto / Stanford, CA

Quad from Palm Drive, late afternoon. Stanford University, SF Bay area, California, USA

Average Rent: $4,050 /month

Major School: Stanford

Acceptance Rate: 5%

Graduation Rate: 94%

Tuition and Fees: $53,520 per year

Median Salary: $137,000 per year

  1. New York, New York

Average Rent: $3,940 /month

Major School: Columbia

Acceptance Rate: 7%

Graduation Rate: 96%

Tuition and Fees: $61,850 per year

Median Salary: $50,800 per year

  1. Cambridge, MA

Average Rent: $3,240 /month

Major School: Harvard

Acceptance Rate: 5%

Graduation Rate: 98%

Tuition and Fees: Harvard – $51,900 per year & MIT – $53,800 per year

Median Salary: $48,400 per year

  1. Princeton, NJ

Average Rent: $3,000 /month

Major School: Princeton

Acceptance Rate: 6%

Graduation Rate: 97%

Tuition and Fees: $52,000 per year

Median Salary: $63,200 per year

  1. Los Angeles, CA

The Janss Steps and Dickson Plaza are featured in this aerial view.

Average Rent: $2,700 /month

Major School: UCLA

Acceptance Rate: 16%

Graduation Rate: 91%

Tuition and Fees: $35,000 per year

Median Salary: $74,000 per year

  1. Ithaca, NY

Credit: Cornell University

Average Rent: $2,100 /month

Major School: Cornell

Acceptance Rate: 13%

Graduation Rate: 94%

Tuition and Fees: $57,000 per year

Median Salary: $60,000 per year

  1. Chicago, IL

Credit: University of Chicago

Average Rent: $2,000 /month

Major School: University of Chicago

Acceptance Rate: 9%

Graduation Rate: 92%

Tuition and Fees: $59,300 per year

Median Salary: $70,000 per year

  1. Providence, RI

Credit: Brown University

Average Rent: $1,900 /month

Major School: Brown

Acceptance Rate: 9%

Graduation Rate: 96%

Tuition and Fees: $58,500 per year

Median Salary: $65,000 per year

  1. Hanover, NH

Credit: Dartmouth University

Average Rent: $1,870 /month

Major School: Dartmouth

Acceptance Rate: 10%

Graduation Rate: 94%

Tuition and Fees: $57,000 per year

Median Salary: $97,400 per year

  1. Evanston, IL

Credit: Northwestern University

Average Rent: $1,780 /month

Major School: Northwestern

Acceptance Rate: 9%

Graduation Rate: 93%

Tuition and Fees: $54,600 per year

Median Salary: $74,900 per year

Now you have the tools you need to make the most informed decision for your college career. If your school of interest isn’t listed above, you can find most of this information on your college’s website. If you don’t feel like digging through the website, a simple Google search will yield the needed results.