Anyone considering relocating to or learning in Germany should be aware of how much it will
cost to live abroad. Calculating the average monthly cost, which will cover expenditures such
as rent, utilities, meals, travel, and medical insurance, will be a part of preparing this exciting
relocation. The excellent thing is that inhabitants in Germany may enjoy a comparatively
inexpensive cost of living in comparison to the country’s level of life.
In comparison to other European nations, the living expenses in Germany is fairly
inexpensive. As of 2021, you would need approximately 861 euros per month to pay your
living costs in Germany.
How to manage funds?
Despite being amongst the richest nations in the world, Germany’s living expenditures are
comparable to those of other EU countries. Germany is placed 15th in terms of living costs,
making it more affordable to live in Germany than in most other nations.
Prices for food, lodging, bills, clothing, and entertainment are about following EU average. In
Germany, your rental value is your major cost.
Finding the best area to live in might help you save a lot of money. Furthermore, by reducing
certain extra costs you might have at home, such as a typical night, you will be able to save
even more money. The information provided below will undoubtedly assist you in making
precise information on the amount of living in Germany, and as a result, you will be able to
determine how to minimise it to the greatest extent possible.
Which are the affordable cities?
On average, the south of Germany is by far the most costly part of the country to reside in.
Munich and Stuttgart, two of the country’s major cities, are among the most costly places to
live. In comparison among most European metropolitan areas or some of the largest
German cities, Berlin is not so pricey. The most expensive item you’ll be spending money on
in Berlin is rent.
Other cities in Germany’s east, particularly those near Berlin, are often less expensive than
their equivalents in the south. Leipzig has been one of Germany’s most cheap cities.
One thing you should be knowledgeable of is that in Germany, irrespective of your residence
status or income, health insurance is required by law. You will be required to obtain health
insurance from the moment you enter legally.
The cost of health insurance is primarily dictated by the type of insurance policy you select.
Lower premiums are charged for health care insurance, which is compulsory by law in
Germany. The government regulates the rate at which you must expect to be paid for one
public health insurance policy (the GKV). The fixed monthly rate for this current plan ranges
somewhere around 70 and 80 euros a month.
Naturally, the location where you’ll be living in Germany will determine the entire cost of
living in Germany. Although the position of your college may limit your ability to choose the
best place to live, there are certainly cheaper housing options within a large radius of your
university’s campus where you can settle. If your institution is in a densely populated city like
Munich, Hamburg, or Frankfurt, saving money will be a more difficult task than in smaller,
less densely populated urban areas like Karlsruhe as well as Leipzig. Lower prices can be
expected in these cities’ suburbs, so living in those areas and commuting regularly is never a