Anyone moving to or studying in Germany needs to know how much living there will cost. Calculating the average monthly cost will include such things as rent, utilities, food, transportation, and health insurance. The good news is that citizens of Germany can enjoy a low cost of living compared to other European countries. Life in Germany is slightly more expensive than in the EU as a whole, but substantially less expensive than in most of its neighbors. Check out Mainova to know more about the energy market in Germany. In 2019, private consumer spending in Germany was 6,8% greater than in the rest of the EU. If you have a trip to Germany and want a reputable travel portal, otel.com will give you amazing services. This is An online travel platform is owned and operated by this company. Otel.com is a subsidiary of MetGlobal, including several other e-commerce businesses established in 2004. Customers will be able to book affordable hotels through an easy-to-use website. According to the company’s own data, more than 190 countries are covered, and over 1 million bookings are made each year.
Where in Germany is the greatest cost of living?
In general, the south of Germany is the most expensive. Munich and Stuttgart, two of the country’s largest cities, are among the most costly to live in. For example, a one-bedroom apartment in Stuttgart costs on average 846.43Euros, while a similar apartment in Bremen costs on average 560 €. Check out houses in Germany for more information about buying your own house. In percentage terms, renting an apartment in Bremen is over 30% cheaper than in Stuttgart.
Rent in Germany
In Germany, finding a nice place to live is the top priority for almost everyone. Rent is the most significant expense in Germany, and as a result, a city’s status as an expensive place to live is determined by this factor. Rents are higher in downtown neighborhoods, and it is practically impossible to manage on a student budget by yourself in these areas. The cost of living in prominent cities such as Munich is higher than the cost of living in smaller cities such as Leipzig or Karlsruhe. The cost of living varies greatly based on where you live and what you want.
In Germany, food is expensive.
Because eating in German restaurants will not help you save money, you should start learning right away if you don’t know how to cook. Currently, lunch for two people in a typical restaurant costs approximately €45. It is possible to spend between 8 and 14 euros on lunch at a basic restaurant. The cost of a dessert or a drink is increased when they are included. For example, a half-liter of German domestic beer costs 3.50 euros, whereas an equivalent amount of imported beer costs 3.50 euros. Rather than a beer, a cappuccino will set you back 2.64 euros. Coca-Cola costs 2.17 euros a can, while water costs 1.77 euros.
There are better solutions if you are concerned about your budget. Universities frequently have their own cafeteria and mensa on campus, serving a range of decent meals at affordable prices. These dining halls feature a flexible membership structure that allows students to load their MensaCards with money and then use that card to obtain a meal for less than 5 euros.
If you have the confidence to master some basic cooking abilities, you will definitely save money. You may not be able to create a restaurant-quality dish, but it is worth the effort. Basic food and drink costs are low in Germany.
Germany’s housing may be affordable, but its utilities are among the most costly in Europe. The national average is around 215 EUR (242 USD). Monthly costs in Frankfurt are roughly 240 EUR (270 USD). Electricity, water, and gas cost around 220 EUR in Leipzig (250 USD). In general, a typical Wi-Fi setup should cost between 30-40 EUR each month (34-45 USD).
Germany’s school costs are reasonable. All public schools are free. Parents typically solely pay for school supplies, lunches, and field trips. Free books and instruction. 20,000 EUR (23,000 USD) per year for private schools. Private schools in Germany are prohibited from raising tuition costs unduly.
The cost of healthcare in Germany is minimal if you use the public system or have private insurance. When you join the public system, the state takes a percentage of your monthly earnings. Germany’s healthcare contribution costs range from 14% to 16%. The worker pays half, and the employer pays half.