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Medical School Cost Calculator

Discover the all-in cost of your medical school education
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The cost of tuition, fees, books, and even the length of your program can vary significantly from school to school.

Your living expenses can vary greatly depending on what city or province you live in.


How much will medical school really cost?

We all know that med school is expensive — but just how much is it really going to cost you? From tuition, to rent, to residency matching expenses, get a clearer view of your costs by building and tracking a personalized med school budget.

Start by selecting a medical school.



Your Costs

Average Costs Customize


The year-to-year cost of med school varies significantly — we've broken it down by year so you can be better prepared for what comes next.

Average Costs
Average costs are estimated costs based on available data and our deep experience helping students like you navigate med school finances — they provide a rough guideline for building your budget.

The year-to-year cost of med school varies significantly — we've broken it down by year so you can be better prepared for what comes next.

Your Costs
Your costs are those that you enter so you can get a more accurate view of your total cost of med school.

General costs
Year   Total
  School expenses        
Tuition inflation rate    
Books and supplies        
Other fees        
  Living expenses        
Inflation rate       % -
Housing        /MTH  
Rental insurance        /MTH  
Groceries        /MTH  
Dining out        /MTH  
Utilities        /MTH  
Socializing        /MTH  
Mobile phone        /MTH  
Gym membership        /MTH  
Personal care        /MTH  
Clothing        /MTH  
Entertainment subscriptions        /MTH  
Other        /MTH  
  Other expenses    
Transportation        /MTH  
Medical association fees        
Additional costs
Year   Total
Electives application fees        
Short-term accomodations        
  Residency matching        
CaRMS application fees        
Interview travel        
Interview grooming        
  Prep for Residency        
MCCQE#1 exam fee account fee        
Final year trip        
Moving expenses        

Want to play around with these values and see how you compare to the average med student at your school?

Enter your real costs here

How your costs compare to the the average med student at your school

Where did this information come from?

MD Financial Management has been helping med students and physicians manage their finances for more than 50 years, and based on our decades of experience and deep research, we've curated the data included in this tool and are continually keeping it up to date.

Tuition costs are actual Canadian medical school tuition costs from the 2019/2020 academic year. All fees are reported in Canadian dollars, not taking into account any tax credits that may apply.

Cost data for all non-tuition related fields are inflation-adjusted estimates based on the average costs at each school and location of study.

Resources for students

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For more great tools and information to help you on your journey through medical school, check out onboardMD

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Curious about how to fund your medical school education?

Check out Scotiabank's banking solutions for medical students.