A new study has analysed the UK cities with the top 40 universities and calculated which offer the cheapest nights out and Liverpool is in the top 10. Tony McDonough reports

Liverpool offers its students one of the most affordable nights out in the UK, according to a new study.

International payment company Xendpay analysed the cities that are home to the Complete University Guide’s (CUG) top 40 universities. The analysis was based on prices for a pint of beer, a cocktail, a fast-food meal and a taxi fare.

It found that in Liverpool the average cost for a night out for a student was £30.42. Average cost for a pint of beer is £4.48 and for a cocktail £8. Average fast food combo meal is £5.94 while the average taxi ride home is £12.

Of the 40 locations, Liverpool was the 10th cheapest. The study found Dundee is the most affordable city for students, with an average cost of £25.35. A pint of beer is £3.08 and a cocktail is £7. A fast food meal will cost on average £5.27 and a taxi fare £10.

Liverpool was also beaten for value by places such Cardiff, Swansea and York. Not surprisingly, London was revealed to be the priciest city for students to enjoy a night out with an average total cost of £49.66, almost double that of a night out in Dundee.

London had the highest cost for every aspect of a night out apart from the cost of a fast-food meal. Cambridge is the most expensive city for a fast-food meal with an average cost of £7.

A spokesperson for Xendpay said: “Freshers is right around the corner for new and returning university students. With the cost of a night out in London being almost double that of a night out in Dundee, students in the capital will need plenty of money-saving savvy to have a good night which doesn’t drain their bank account.”