Estimated Budget
The estimated budget covers the cost of attendance, including tuition and fees and an estimated cost for living expenses in the Pasadena area. Several estimates are given — for living on campus in a single, double and quad apartment, and another for off-campus apartments. Please check Graduate Housing for detailed information on Caltech's current Housing Contracts and Rates. The following estimate is based on the best information available from the Institute and surveys of housing costs in the surrounding community. The Estimated Budget for 2022-2023 is part of the official basis for determination of financial aid.
2022-2023 Estimated Budget
| On-Campus | On-Campus | On-Campus | Off-Campus (Caltech owned) | Off-Campus (Privately owned) | |
| Single | Shared 2-bedroom | Shared 4-bedroom | Shared 2-bedroom (1) | Shared 2-bedroom (1) | |
| Room | $16,440 | $9,720 | $8,160 | $9,150 | $20,400 |
| Food | $9,673 | $9,673 | $9,673 | $9,673 | $9,673 |
| Utilities | $1,680 | $1,140 | $1,020 | $1,920 | $1,920 |
| Books/Supplies | $1,400 | $1,400 | $1,400 | $1,400 | $1,400 |
| Personal Expenses (4) | $4,816 | $4,816 | $4,816 | $4,816 | $4,816 |
| Transportation | $3,220 | $3,220 | $3,220 | $3,220 | $3,220 |
| SUBTOTAL (2) | $37,229 | $29,969 | $28,289 | $30,179 | $41,429 |
| Tuition (3) | $58,479 | $58,479 | $58,479 | $58,479 | $58,479 |
| Mandatory Fees | $2,178 | $2,178 | $2,178 | $2,178 | $2,178 |
| TOTAL TUITION AND FEES | $60,657 | $60,657 | $60,657 | $60,657 | $60,657 |
| TOTAL ESTIMATED BUDGET | $97,886 | $90,626 | $88,946 | $90,836 | $102,086 |
Notes
(1) Rent estimate is per person. Caltech-owned off-campus apartments are leased per apartment and costs will need to be shared. Note: the average rent in Pasadena for a privately owned two-bedroom apartment is $3,400 per month as of July 2022.
(2) First-year students should anticipate additional relocation and set-up expenses. Some campus apartments will come furnished, but you will need to supply your own linens and personal items.
(3) Under the current Internal Revenue Code, stipends are subject to income tax, but the tuition is not taxable.
(4) Personal expenses includes the health insurance contribution and dental insurance. The majority of the health insurance costs are subsidized by the Institute, but students are responsible for a portion of the costs. For the most recent rates, please refer to the Benefits website.