This Is What It Costs To Get An MBA From A Top Business School

Stanford GSB has the highest cost of living estimate among top U.S. B-schools: $38,724, a number that grows substantially if a student is married with children

LIVING EXPENSES AT THE LEADING U.S. MBA PROGRAMS

2023 P&Q Rank	School	2023 Living Expenses	2022 Living Expenses	2021 Living Expenses	2020 Living Expenses	2019 Living Expenses	Y-O-Y Change	Y-O-Y %	5-Year Change	5-Year %
1	Pennsylvania (Wharton)	$‎ 26,028	$‎ 22,887	$‎ 21,720	$‎ 21,050	$‎ 22,670	$‎ 3,141	13.7%	$‎ 3,358	14.8%
2	Chicago (Booth)	$‎ 26,010	$‎ 22,185	$‎ 22,185	$‎ 22,185	$‎ 22,185	$‎ 3,825	17.2%	$‎ 3,825	17.2%
3	Stanford GSB	$‎ 38,724	$‎ 36,198	$‎ 34,806	$‎ 33,693	$‎ 32,712	$‎ 2,526	7.0%	$‎ 6,012	18.4%
4	Northwestern (Kellogg)	$‎ 19,800	$‎ 19,800	$‎ 17,100	$‎ 17,100	$17,100	None	None	$‎ 2,700	15.8%
5	Harvard Business School	$‎ 32,600	$‎ 31,390	$‎ 30,270	$‎ 30,700	$‎ 29,844	$‎ 1,210	3.9%	$‎ 2,756	9.2%
6	MIT (Sloan)	$‎ 21,694	$‎ 23,877	$‎ 21,975	$‎ 26,660	$‎ 26,660	$‎ (2,183)	-9.1%	$‎ (4,966)	18.6%
7	Columbia Business School	$‎ 24,822	$‎ 24,822	$‎ 24,822	$‎ 24,822	$21,375	None	None	$3,447	16.1%
8	Yale SOM	$‎ 28,266	$‎ 25,200	$‎ 24,284	$‎ 27,680	$‎ 22,214	$‎ 3,066	12.2%	$‎ 6,052	27.2%
9	Dartmouth (Tuck)	$‎ 31,620	$‎ 30,215	$‎ 31,215	$‎ 29,413	$‎ 22,742	$‎ 1,405	4.7%	$‎ 8,878	39.0%
10	UC-Berkeley (Haas)	$‎ 26,416	$‎ 26,416	$‎ 26,014	$‎ 25,658	$25,234	None	None	$‎ 1,182	4.7%
11	Michigan (Ross)	$‎ 17,780	$‎ 17,780	$‎ 16,998	$‎ 16,502	$16,194	None	None	$‎ 1,586	9.8%
12	Duke (Fuqua)	$‎ 23,202	$‎ 20,304	$‎ 19,256	$‎ 18,990	$‎ 18,702	$‎ 2,898	14.3%	$‎ 4,500	24.1%
13	Cornell (Johnson)	$‎ 18,554	$‎ 20,016	$‎ 17,865	$‎ 16,800	$‎ 16,800	$‎ (1,462)	-7.3%	$‎ 1,754	10.4%
14	Virginia (Darden)	$‎ 22,870	$‎ 19,720	$‎ 18,430	$‎ 18,176	$‎ 17,766	$‎ 3,150	16.0%	$‎ 5,104	28.7%
15	New York (Stern)	$‎ 28,242	$‎ 28,242	$‎ 27,420	$‎ 26,804	$26,780	None	None	$‎ 1,462	5.5%
16	UCLA (Anderson)	$‎ 24,850	$‎ 25,200	$‎ 25,200	$‎ 21,600	$‎ 24,668	$‎ (350)	-1.4%	$‎ 182	0.7%
17	Southern California (Marshall)	$‎ 30,410	$‎ 26,980	$‎ 24,256	N/A	N/A	$‎ 3,430	12.7%	N/A	N/A
18	Texas-Austin (McCombs)	$‎ 17,270	$‎ 20,206	$‎ 19,478	$‎ 18,078	$‎ 18,370	$‎ (2,936)	-14.5%	$‎ (1,100)	6.0%
19	North Carolina (Kenan-Flagler)	$‎ 19,268	$‎ 19,268	$‎ 18,760	$‎ 18,618	$17,800	None	None	$‎ 1,468	8.2%
20	Washington (Foster)	$‎ 29,668	$‎ 21,248	$‎ 21,248	$‎ 21,248	$‎ 21,248	$‎ 8,420	39.6%	$‎ 8,420	39.6%
21	Emory (Goizueta)	$‎ 22,186	$‎ 21,312	$‎ 19,278	$‎ 19,278	$‎ 19,278	$‎ 874	4.1%	$‎ 2,908	15.1%
22	Indiana (Kelley)	$‎ 15,446	$‎ 15,456	$‎ 14,904	$‎ 13,906	$‎ 13,432	$‎ (10)	-0.1%	$‎ 2,014	15.0%
23	Washington (Olin)	$‎ 17,696	$‎ 17,696	$‎ 17,696	N/A	N/A	None	None	N/A	N/A
24	Carnegie Mellon (Tepper)	$‎ 22,860	$‎ 21,400	$‎ 20,182	$‎ 17,944	$‎ 17,322	$‎ 1,460	6.8%	$‎ 5,538	32.0%
25	Georgetown (McDonough)	$‎ 26,578	$‎ 24,822	$‎ 22,696	$‎ 22,696	$‎ 22,696	$‎ 1,756	7.1%	$‎ 3,882	17.1%
27	Vanderbilt (Owen)	$‎ 22,682	$‎ 19,472	$‎ 18,594	N/A	N/A	$‎ 3,210	16.5%	N/A	N/A
29	Rice (Jones)	$‎ 25,014	$‎ 24,537	$‎ 24,537	$‎ 24,537	$‎ 24,537	$‎ 477	1.9%	$‎ 477	1.9%