Since the 1st of January 2002, Austria has used the EURO (€) as its official currency. One Euro = 100 Cents. The Euro is valid in the so-called Euro-Zone. Besides Austria, these countries are Belgium, Germany, Estonia, Finland, France, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Montenegro, Netherlands, Portugal, Slovakia, Slovenia, Spain and Cyprus.


For European standards, the cost of living in Austria is average. During their stay in Vienna, most Erasmus students need about € 800 to € 1,300 Euros per month.

Accommodation approx. € 300 to € 600 (including heating and lighting)
Food approx. € 300 to € 400 (excluding luxuries and tobacco)
Other Expenses approx. € 200 to € 300 (books, culture, recreation)
In Total approx. € 800 to € 1,300

Price examples:

TÜWI offers meals from € 4,50; a coffee is usually around € 3; a beer (0,5l) is around € 3,50 a cinema ticket is € 9. 

Find information on living costs online: