How much is the cost of living in Germany?

For living, Germany is not the most expensive country – consecutively studying in Germany is more affordable and convenient. Besides, it overflows culturally, historically, of beautiful nature, extracurricular activities, top universities and lecturers providing exceptionally useful skills and knowledge.

Talking about expenses, it has a wide range when comparing between students and professionals

• Germany gives a lot to students and in turn they expect good quality outcome so, education is free (just need to pay so called ‘registration fees’ around €120 per semester), though there are exceptions everywhere (there are universities that have tuition fees upto €5000 per semester too).
• Everybody here needs to be secured for their health, so health insurance cover costs €85 (students) and €160 (professionals) per month as medical helpline is really expensive.
• Being vegan is difficult but many have managed to, but as per culture here of working Monday-Friday without losing focus which includes high caffeine intake ‘Kaffee’, weekend parties and daily food costs about €250-400 per month depending up on how ‘luxurious’ a student as well as professional wants to live. Cooking non-vegetarian meals costs same as preparing vegetarian.
• People here drive cars because world renowned ‘Autobahn’. So if wanting to own a car release 2500 bucks for perfect driving license and then car and but obvious it’s gas (Benzin).
• Travelling can make pockets light but many offers can make your day.

In a nutshell, students can survive a year on €5000-6000 whereas others spend more than €1200 per month (because they earn a minimum of €2500 per month.)

Read Also: Top Health Insurance Companies in Germany!

Five most expensive cities in Germany

Non-foodstuff:

Restaurants/Pubs/Bars/Cafés

Grocery shopping:

Student’s monthly expenses

Compared to other European countries, the cost of living in Germany is quite reasonable. The prices for food, accommodation, clothing, cultural events, etc. are basically in line with the EU average. You will need around 850 euros a month to cover your living expenses. The largest expense is your monthly rent.

Average Salaries in Germany by Profession

Personal Income Tax

Germany has a rather complicated taxation system and personal income taxation is no exception. There is a progressive personal income tax rate starting from zero and ending at 45% for high-income individuals earning more than 260 thousand euros a year. The tax rates 42% and 45% are flat within their respective brackets whereas within the 9,001-54,949 euro bracket the tax rate rises geometrically from 14% to 42% (see below).

Personal Income Tax Rates in Germany for 2018

As a student, one can save a lot because of all the student prices everywhere but once one starts working, the benefits are reduced drastically

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