Cost Of Living In Germany

Even though Germany is one of the richest countries in the world, it is also amongst the most affordable countries to live in.  It is ranked globally as the 10th in terms of cost of living. When compared to the cost of living in Europe, Germany is a great place to stay. At the end of the day, how easy or hard you find Germany will depend on your budget, your location, and your lifestyle. 

Here is everything you need to know about the cost of living in Germany.

What is the cost of living in Germany?

The average cost of living in Germany for non-students is about €3000. The figure changes depending on your responsibilities and the city you choose to live in.  The size of your family will also determine the cost of living in Germany. 

Living in the north is considered the cheapest, while the south is the most expensive place to live in Germany. Bearing this is mind will help you figure out where you want to study or live while in Germany. Despite this, every region has some perks to living there so it helps to figure out what will work for you.

How to estimate cost of living in Germany 

Since there is no one figures to show how much you should pay to live in Germany, it can get confusing to get it right. Here are some considerations to make that will go a long way toward determining the amount of money you will spend when it comes to the cost of living in Germany.

  • Rent. The rent ranges from €300 to €700 for a one bed in the city
  • Utilities. These can go up to €220 for TV, internet, and mobile
  • Food and drink. The cost of food ranges from €150 to €200
  • Health insurance. It averages €120 a month but can go higher based on the kind of insurance you take and how much you earn. 
  • Travel. It goes between €0 to €100
  • Going out. between €50 to €150 based on your lifestyle choices

How to minimize your spending while in Germany

Despite Germany being an affordbale place to live, you still need to ensure that your earning take you throughout the month. Here are a couple of things to keep in mind that will minimize your spending.

  • Affordbale housing. There are so many different affordbale housing options in Germany and all you need to do is get them. You can live in studio apartments or shared spaces to cut on rent,
  • Public health insurance. Another thing that will greatly help you cut costs is going for public health insurance. Aside from being affordable, you can also share the cost with your employer
  • Use public transport. Germany has one of the most reliable public transport systems in the world. As such, you can easily navigate around the city without needing to spend money on private cars.
  • Reduce going out. If you have a tight budget, then you might want to consider eating in instead of dining out. 

Germany is an affordable place to live in if you want to relocate to Europe. Not only is the rent affordable, but there are so many public amenities that can be accessed by everyone. All you need to do is evaluate your wants and needs and ensure that whatever decision you make is within your financial means. 

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