The cost of life in Switzerland is similar to that of big European cities. In most areas of Switzerland, cost of life is cheaper than Paris or London, although some items, such as food, are on average more expensive than elsewhere in Europe. For an estimate, depending on the exact location of the stay and on the entity of personal demands, living in Switzerland entails a monthly expense comprised between CHF 1,500 and 2,500 (this budget calculation for students considers housing, health insurance, food, daily transportation, small daily expenses and educational material).