Cost of Living in Germany (2024)

FAQs

Cost of Living in Germany? ›

All told, how high is the cost of living in Germany? According to Destatis, it adds up to €2,507 a month, with 37% of this going towards housing and energy costs and 15% on food, alcohol, and tobacco (as of September 2022). If you calculate this on an annual basis, the average cost of living in Germany is €30,084.

The cost of living in Germany is quite reasonable compared to other European countries. As a single person, you will need a minimum of €934 per month (around $1,018 US dollars) or €11,208 per year (around $12,217 US dollars) to cover your living expenses in Germany as of 2024.

A good salary in Germany not only depends on your lifestyle but also on where you live as the cost of living differs from city to city. But, in general terms, a good annual gross salary in Germany is between €64,000 to €81,000.

Taking into account such major categories as housing, food, and utilities, life in Germany is 13.5% cheaper than in the United States. The data used for this was compiled based on user feedback and price indices in October 2024. To move, travel or work safely in a new country, you will need travel insurance.

In Germany, healthcare is partially free due to the social contributions to the public healthcare system. This means that individuals can receive medical services free of charge for the most part. However, some low copayments apply, such as the €10 charge for a visit to the general practitioner (GP) every quarter.

Due to its strict rules and regulations, the crime rate is low, making Germany a good place to live. The German government values the safety of its citizens and visitors. According to the Global Peace Index, Germany ranks 16th out of 163 countries for peaceful conditions of living.

Yes, you can move to Germany without a job — and the country even has a special six-month job seeker visa for those who are looking for work. That said, you'll need to come up with a long-term plan for what you hope to eventually do while living in Germany, because you can't extend the job-seeker visa.

Yes, expats can retire in Germany if they have a valid long-term residence permit. To retire in Germany, you need to keep in mind the following steps: Apply for a residence permit. Prepare to move.

For instance, the average rent in Germany is €942 per month. However, when you search homes for rent in Berlin and Munich, expect an average rent of €1,745, whereas, in Frankfurt and Stuttgart, you'll find a lower average rent of €920 per month.

What is $100 U.S. dollars worth in Germany? ›

How Much Money Should I Take to Germany? As a general rule, plan on going with savings of at least three times your monthly expenses. Upfront fees upon your arrival in Germany could include a housing deposit equalling up to three months of rent, insurance, and setting up your new place.

How Much Money Should I Take to Germany? As a general rule, plan on going with savings of at least three times your monthly expenses. Upfront fees upon your arrival in Germany could include a housing deposit equalling up to three months of rent, insurance, and setting up your new place.

In April 2022, the average salary of full-time employees in Germany amounted to €24.77 per hour, €4,105 monthly, or €49,260 per year.