Estimated Living Expenses for 12 Months

MIT wants to give applicants a realistic assessment of the costs associated with a graduate education. Living costs in the Cambridge and Greater Boston area are among the highest in the United States. The Institute cannot assume financial responsibility for its students beyond any funding offered at the time of admission.  

Below is an outline of a few examples of estimated expenses that graduate students can expect when planning to attend MIT. More detailed information on the cost of living in the Cambridge and Greater  area can be explored on websites such as the MIT Living Wage calculator or the Family Budget Calculator from the Economic Policy Institute. Students are encouraged to explore their housing options in MIT’s graduate residence halls as well as off-campus housing through MIT’s Off-Campus Housing service or commercial apartment search services. 

Remember, when estimating your budget you should include the effect of taxes, which differ for each individual but can be as much as 14% to 30% of a student’s stipend.

Examples of Estimated Living Expenses 

Single doctoral student living with a roommate in a 2 bedroom apartment on campus: $28,781 plus taxes 

  • Housing (12 months): $17,412 (Ashdown 2 bedroom per person)
  • Utilities: Cost included in on campus housing rates
  • MIT Student Medical Plan: Cost included with tuition
  • MIT Student Extended Health Insurance: Cost generally covered by department
  • Student Life fee: $368
  • Optional MIT Dental plan (2020-2021): $527
  • Books and supplies: $830
  • Food: $4,628
  • Transportation: $1,296
  • Other/personal: $3,720
  • Taxes: As much as an additional 14-30% of income

Single doctoral student living in an efficiency: $37,937 plus taxes

  • Housing (12 months): $27,288 (Site 4 efficiency per person)
  • Utilities: Cost included in on campus housing rates
  • MIT Student Medical Plan: Cost included with tuition
  • MIT Student Extended Health Insurance: Cost generally covered by department
  • Student Life fee: $368
  • Optional MIT Dental plan (2020-2021): $527
  • Books and supplies: $830
  • Food: $4,628
  • Transportation: $576
  • Other/personal: $3,720
  • Taxes: As much as an additional 14-30% of income

Student living off campus in Somerville in a 1 bedroom apartment with their partner/spouse who is not working: $48,115 plus taxes

  • Housing (12 months): $25,140 
  • Utilities: $1,800 
  • MIT Student Medical Plan: $1,584 
  • MIT Student Extended Health Insurance: $5,343 
  • Student Life fee: $368 
  • Optional MIT Dental plan: Elected to not enroll
  • Books and supplies: $830 
  • Food: $6,210 
  • Transportation: $3,120
  • Other/personal: $3,720 
  • Taxes: As much as an additional 14-30% of income

Student living on campus in a 2 bedroom apartment with their partner/spouse who is not working and their infant child: $56,186 plus taxes

  • Housing (12 months): $25,176 (Westgate 2 bedroom apartment)
  • Utilities: Cost included in on campus housing rates
  • MIT Student Medical Plan: $2,376 
  • MIT Student Extended Health Insurance: $5,671 
  • Student Life fee: $368 
  • Optional MIT Dental plan: $1,332 
  • Books and supplies: $830 
  • Food: $11,799
  • Transportation: $3,120
  • Other/personal: $5,514 
  • Childcare: n/a, partner/spouse primary childcare provider
  • Taxes: As much as an additional 14-30% of income

Student living off campus in Cambridge in a 2 bedroom apartment with their employed partner/spouse and their toddler child: $86,999 plus taxes  

  • Housing (12 months): $34,272
  • Utilities: $2,400
  • MIT Student Medical Plan: Cost included with tuition
  • MIT Student Extended Health Insurance: Covered by partner/spouse employer health insurance
  • Student Life fee: $368
  • Optional MIT Dental plan: Covered by partner/spouse employer dental insurance
  • Books and supplies: $830
  • Food: $12,043
  • Transportation: $3,120
  • Other/personal: $5,514
  • Childcare (MIT-TCC): $28,452 
  • Taxes: As much as an additional 14-30% of income

 

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