Internships Advice

How Much to Budget for Living in Paris

So, you want to come to Paris for an internship. You may be wondering, ‘How much money should I budget for daily life in Paris?’ Well, good news! If spent wisely, your money can get you far. Daily costs are decent and you can dine out well compared to other European destinations. Food comes at a higher price, with an average restaurant charging around €15 for a meal. Drinks can also vary with prices, but drinks can be pricey with local beer costing €7. However, if you spend your money wisely, you can enjoy everything Paris has to offer.

What is the Euro exchange rate?

For the current exchange rates, please see here. (https://www.xe.com/currency/eur-euro/)

1 GBP = 1.16

1 USD = 0.86

1 AUD = 0.63

1 CAD = 0.69

1 NZD = 0.61

**Exchange rates as of 05/11/2021

What kind of budget in Paris is right for me?

Your individual lifestyle is the main factor that will determine your budget. It will vary depending on what transportation you decide to take, personal dining preferences, nightlife and more.

WEEKLY/MONTHLY EXPENSES

Below, we have put together some budget estimates of your expenses in daily life during your time on your internship. In general, you can live on a low budget and still be able to live quite well. For those looking to spend a little more, there are also medium and high budget estimates. See which budget is right for you!

For transportation, most people use the metro system as it is the most convenient and affordable way to get around the city. For transportation in all zones a single ticket is €1.90, weekly pass is €22,80 and a monthly pass is €75,20 (half price if you’re younger than 26 years old).

(For food, all apartments will have kitchens, so you will have the option to cook your own meals.) Food at supermarkets are affordable, but you may find that some discount shops such as Lidl will make your money last.

Click to browse Low, Medium & High budget ranges.

For those looking to save money while still having fun and trying new things.

Expense TypeCost per weekDescription
Transport€23Metro monthly ticket (€23)
Food€50Shop at Lidl (€35); Dinner out (€15)
Treats€45One night out with a few drinks and taxi
Extras€62Going to museums/cinema
Avg weekly€180
Avg monthly€720

For those who go to the gym, eat out more or spend more in other ways.

Expense TypeCost per weekDescription
Transport€23Metro monthly ticket (€23)
Food€70Mix of shopping at Lidl and market shopping (€40); Lunch out (€15); Dinner out (€15)
Treats€66Couple nights out with drinks and taxi
Extras€76Going to museums/cinema/gym
Avg weekly€235
Avg monthly€940

For those who would like to spend more on cocktail bars, taxis or shopping. 

Expense TypeCost per weekDescription
Transport€75Metro monthly ticket (€75) 
Food€80Organic market shopping (€50); Lunch out (€15); Dinner out (€15)
Treats€70Nights out at classy clubs with drinks and taxi/clothes shopping
Extras€60Going to museums/cinema/gym/individual travel
Avg weekly€285
Travel€150Going on a weekend trip
Avg monthly€1290

As you can see, you don’t need too much money to enjoy life in Paris. Be careful when you have a craving to buy a café or give into temptation of using cheap Ubers to get to work instead of taking the metro. Paris is undoubtedly a more expensive city, and all the little costs can quite quickly add up. So it’s important to find the right budget for you.

For international payments, we always recommend using TransferWise. They’re cheaper than the banks, because they always use the real exchange rate – which you can check out on Google – and charge a very small fee. They’re also safe and trusted by over 2 million people around the world. You can sign up here. (https://wise.com/?clickref=1011lijaZwQY&partnerID=1100l59541&utm_medium=affiliate&utm_campaign=0&adref=&utm_source=pagodaprojects&partnerizecampaignID=1011l727)