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 € 600 to € 1,100 Euros per month.

Accommodationapprox.€ 300 to € 600 (including heating and lighting)
Foodapprox.€ 300 to € 400 (excluding luxuries and tobacco)
Other Expensesapprox.  € 200 to € 300 (books, culture, recreation)
In Totalapprox. € 800 to € 1,300