Cost of living in Germany

Despite being one of the wealthiest countries globally, the cost of living in Germany is relatively affordable compared to other European countries. As a basic estimate, an individual can expect to spend between €1,500 and €3,000 per month. However, expenses can vary based on location, household size, and lifestyle.

Living in major cities like Munich and Stuttgart tends to be more expensive due to higher rent prices. Once considered affordable, Berlin has witnessed a rapid increase in rent prices in recent years. However, cities like Leipzig and Dresden still offer affordable living options.

As of April 2023, Germany experienced an inflation rate of 7.2%, with the most significant rises in energy and food prices. Inflation is projected to remain high until the end of 2024. As we move through 2023, we will frequently update the numbers to obtain an accurate understanding of the current situation.