Compare the Cost of Living
UNC-Chapel Hill is one of the most affordable public research universities for graduate education. This can mean smaller loans, less need for funding, and more money for other things. Less financial burden now translates into more financial freedom after you graduate.
The cost of living in Chapel Hill is 109% of the U.S. norm for a student. That is, it is 9% higher than the U.S. national average.
If you are comparing funding awards or financial aid packages, consider how far funding will go in each city. For example, for every $10,000 from UNC-Chapel Hill, you would need almost $22,000 from a school in Berkeley, CA, where the cost of living is 229% higher than the U.S. national average.
But the affordable cost of living is just part of what it means to be a Tar Heel.
It also means being a part of a vibrant campus and community, while still being close to urban areas like Raleigh and Durham. UNC-Chapel Hill graduate students enjoy many opportunities for professional development and networking. Chapel Hill is close to many private, non-profit, and government employers.
|Comparison School||City||Cost-of-living as compared to U.S. norm||Amount needed to match $10,000 in Chapel Hill|
|University of Virginia||Charlottesville, VA||102%||$9,300|
|University of North Carolina-Chapel Hill||Chapel Hill, NC||109%||$10,000|
|University of Michigan-Ann Arbor||Ann Arbor-Burns Park, MI||118%||$10,900|
|University of Pittsburgh||Pittsburgh-North Oakland, PA||123%||$11,400|
|The University of Texas at Austin||Austin-Hancock, TX||128%||$11,900|
|University of Wisconsin-Madison||Madison, WI||129%||$12,000|
|University of Maryland-College Park||College Park, MD||138%||$12,900|
|Northwestern University||Evanston, IL||144%||$13,500|
|University of Minnesota-Twin Cities||Minneapolis, MN||154%||$14,500|
|Johns Hopkins University||Baltimore, MD||156%||$14,700|
|University of Pennsylvania||Philadelphia, PA||158%||$14,900|
|University of Washington-Seattle||Seattle-University District, WA||194%||$18,500|
|University of Southern California||Los Angeles, CA||206%||$19,700|
|University of California-Berkeley||Berkeley, CA||229%||$22,000|
|University of California-Los Angeles||Los Angeles-Westwood, CA||229%||$22,000|
Source: Economic Research Institute
Data current as of: May 2016