The cost of living for Master's students in Europe depends on the country and city. On average, students spend between €400 and €1,500 per month on accommodation, €200 to €350 per month on food, €200 to €1,000 per year on health insurance, and €150 to €600 per month on other daily expenses. Major cities like London, Paris, Amsterdam, and Zurich tend to be more expensive, while smaller cities and towns in Germany, Spain, and Italy are more affordable. Students should plan their budget carefully before moving to Europe. Many universities also offer affordable student housing or dormitories, which can help reduce monthly living costs.