Financing Your Trip

Preparing your budget

To live comfortably in Lyon, you should aim to have a budget of around 600€ to 800€ a month to spend on rent, food, social activities, etc. When you arrive, expect to pay around 1.500€ in the first month to cover initial costs such as your deposit, rent, electricity and water bills.

Opening a French bank account

It is a good idea to open a French bank account when you arrive in France as it will allow you to:
  • Have a credit card and/or cheque book (both useful means of payment in France)
  • Have a bank account number known as a Relevé d’Identité Bancaire (RIB), which is necessary for any refunds
  • Receive automatic payment to your account for work, rent assistance and medical reimbursements
  • Pay for rent, electricity, gas and other day-to-day expenses
  • Withdraw cash

To open a bank account, you will need:
  • A photocopy of your ID
  • Proof of accommodation in Lyon (e.g. a copy of your lease)

Examples of student living expenses (prices given as a rough guide)
Rent  From 300 to 550€/ month (varies per residence)
Meals  From 200 to 250€/ month
Electricity, gas, water  Around 30€/ month
Telephone, Internet  From 20 to 30€/ month
Transport  30.20€ (student subscription)/ month
Registration fee  No registration fee
Social Security*  215€, only for non-European students or European students living outside of Europe
Sport (optional)*  36€
Registration fee*  Bachelor : 184€
Masters: 256€
PhD: 391 €
Social Security* 215 €
Sport (optional)*  36€
Health Care Services*  5.10€

* Prices for 2016/2017

Last updated: November 10, 2016