average savings in germany
As I covered in this guide, remember that your monthly living costs will depend on your lifestyle, where you decide to live, and your familys size. This means that, whether due to cultural or economic reasons, users in France saved less than those in any other country we studied. For a subsidized daycare, you can expect to pay between100 and 200 euros a month per child. Average monthly savings in Germany 2020, by age group + Financial Services. I will start with a real-life example of how much Yvonne (my wife) and I spend a month. That's the annual gross salary of 49,200. statistic alerts) please log in with your personal account. A person working as a Software Engineer in Germany typically earns around 3,410 EUR per month. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. The monthly cost for daycare in Germany depends on your income, the hours you book, the number of kids you register, and the state you live in. Their page is in English, and they have different rates. This page provides the latest reported value for . The studys authors are pretty clear on the major cause for the strong increase in financial investments: the coronavirus pandemic. Please create an employee account to be able to mark statistics as favorites. Yvonne and I both own a bike and commute to work every day. As of April 2022, the rate is 5.2 %. The median earnings are $1,022 a week, or $53,144 a year. The Fed's most recent numbers show the average savings for the age group that includes 40-year-olds is $27,900. Average savings for ages 65+. The table below shows the average monthly cost of rent in some German cities, including the biggest ones: Important note: The above rental prices are given for a one-bedroom apartment located in the center of the city. Conclusions: Combining LMMBV with the current SOC diagnostic process is expected to provide clinical and economic benefits in Italy, Germany, and Spain. a monthly gross average salary for a full-time employee in Germany was 4,100 in 2022. The landlord should transfer this money back to you as soon as possible after leaving the rented property. Studying-in-Germany.org is the largest information portal about studying in Germany for foreign students. This is the most flexible option to practice different sports. According toNumbeo, the average monthly rental price in all of Germany for aone-bedroom apartment in the city center is 736 euros. In percentage terms, this means that renting an apartment in Bremen is cheaper than in Stuttgart by over 30%. The biggest income gap in our study is between men and women ages 55-59in this cohort, men earned on average 42% more than women per month. In some cases, the kitchen might be for sale, and you will be able to purchase it. Understanding the cost of living in Germany. Car owners in Germany drive on average 12.000 km per year, equaling 1.000 km per month. Yvonne and I spend 570 euros a month on rent. Abroad in Germany, you wont only devote yourself to keeping track of your studies and your university grades, but youll also have to tackle many other issues while youre living there, most of the time you will deal with these problems alone. As an expat, your salary should be more than enough to cover your basic living expenses and give you extra money to travel or enjoy a few nights out with your friends! Every landlord chooses what utilities to include in the rental price. With this came a rise of multiple companies like Dott, Tier, Lime, and Bird. In fact, the German rate is one of the highest among the OECD countries, according to a report by the OECD. It would also cover any legal consultation you have with a lawyer. The southern cities ofMunich and Stuttgartare the most expensive cities to live in Germany. Instead, our behavior is mainly guided by older brain systemssuch as the reward system. For a family of 2 non-vegetarian female adults, we spend an average of100 euros a week. The only university payment you need to take care of as an international student in Germany is a so-called semester contribution. For a weekend, you can find good deals online and pay as little as50 euros to rent a car from Friday to Monday. If you would like to join a gym in Germany, be aware that most of them will only be able to give you either a one-year or two-year contract. The 2019 Federal Reserve Survey of Consumer Finances found that Americans between the ages of 65 and 74 had an average savings account balance of $60,400. According to the Federal Statistical Office, household spending fell by 5,4 percent in Germany alone in 2020. N26 is committed to providing our customers with the tools and motivation they need to reach their savings goals for 2022. ", Bundesverband deutscher Banken, Average monthly savings in Germany in 2020, by age group (in euros) Statista, https://www.statista.com/statistics/1221241/average-monthly-savings-germany/ (last visited March 01, 2023), Average monthly savings in Germany in 2020, by age group (in euros) [Graph], Bundesverband deutscher Banken, June 12, 2020. I am not going to lie, finding a good cinema that hasmovies in the original languageis very hard in Germany. As a Premium user you get access to the detailed source references and background information about this statistic. In general, there are two main types of health insurance plans in Germany. If you live with roommates, you will, of course, share these expenses. A cocktailcould range between8 and 15 euros. Empowering internationals to settle intolife in Germany more smoothly. So be sure to ask your future employer about this. N26 users in some of the more prominent French cities fared a little better than the nationwide averagebut only a little. Our brains have not developed for the purpose of making clever financial decisions, explains Professor Dr. Mira Fauth-Bhler, neuroscientist and professor of economic psychology and neuroeconomics atFOM University of Applied Sciences for Economics and Management in Stuttgart, Germany. All OECD countries compile their data according to the 2008 System of National Accounts (SNA . Perhaps this is not so surprising. Related Guide: Best Legal Insurances in Germany. In the third quarter of 2015, the savings rate was 16.9%. Household Saving Rate in Germany increased to 11.40 percent in the fourth quarter of 2022 from 11.30 percent in the third quarter of 2022. For example, a meal in an inexpensive restaurant in Munich costs something between 10 to 15 . The study is based on N26s analysis of the aggregated and anonymised spending data and saving data of over 60.000 German N26 customers, 40.000 French N26 customers, 10.000 Spanish N26 customers, 20.000 Italian N26 customers, and 1.7 Million global N26 customers in the period of January to December 2021. Disclaimer: Please take the amounts and estimates in this article as a guide to help you plan your monthly budget. The coronavirus crisis has made opportunities for spending money fewer and further between, and so people in the European Union saved more in 2020 than ever before. "Average monthly savings in Germany in 2020, by age group (in euros)." Currently, the retirement age in Germany is 66 years and applies to people born in 1958. Receive the IamExpat Weekly and Special Offers from our Partners, For expats of all colours, shapes & sizes. ; The American savings rate dropped significantly from 17% in 2020.; The average American household savings is forecast around 4,603 in 2022 - $4,117 less than they . Resources To Help You Calculate Your Expenses In Germany, Renting In Germany [A Detailed Guide For Expats], average gas consumption in Germany in 2019, Top 12 Supermarkets In Germany [Buy Groceries Like A Local], Best Banks in Germany for English Speakers, credit cards with great benefits for free, An Introduction to the German School System, Insurance In Germany: Must-Haves For Expats, 4 Best Home Contents Insurances in Germany, The Best English Movie Theaters in Germany, Calculator to help you find out how much your net salary will be, Detailed prices of various items in Germany in different cities, simple 18-step guide on how to move to Germany, We are a married couple without kids or pets. On top of the income tax, you may have to pay a church tax which is 8% or 9% of your income tax if you are a registered church member in Germany. You need at least a Starter Account to use this feature. Related Guide: Top 12 Supermarkets In Germany [Buy Groceries Like A Local]. As soon as this statistic is updated, you will immediately be notified via e-mail. The pass is renewed automatically, and the money is taken from your bank account. Germany is an interesting country to study saving among older households since nearly everyone - whether in the middle income bracket or richer - saves substantial amounts in old age. A fixed amount of money you pay for specific university services like bus traveling, administrative assistance, sports facilities, dining halls and such. A night out with your loved ones or friends is always fun. Furthermore, by cutting down some extra expenses you may have had at home like regular night-outs will help for additional savings. This could be because you got sued by someone, or you are disputing the deposit with your landlord. The price depends on the credit card you choose and the benefits you get from it. Women were generally much more efficient savers, saving 22% of their monthly income, on average, versus 16% for men. Taxes for Retirees in Germany. During their late-30s and early-40s, Canadians quadruple their net worth (on average). 5.0 out of 5 stars. Definition ofSaving rate. Yvonne and I pay 35 euros a month. Travel is fairly affordable, even in big cities, and food and drink prices are average for Europe. (August 4, 2022). Our 2021 data reveals that users identified as male had an average 30% higher monthly income (equaling385.52) than users identified as female in the same age group. Besides housing rent, you will need to cover monthly bills for heating, electricity, water, and garbage. The price of this service depends on your connection speed, the company you are hiring the service from, and your location. DOI 10.3386/w9902. But to Prof. Dr. Fauth-Bhler, it seems likely that these pandemic-induced changes in our value system will be reflected somehow in our saving and spending habitsat least in the medium-term.. Youre free to choose any of the above plans, depending on what you need to be covered and how much youre willing to pay. You only need to pay a church tax if your religion is recognized as a corporation. $19,369.70. Average $426,100. Living in the US, on average, is 49.4% more expensive than living in Germany. The under-35 age group has the lowest amount saved in every type of retirement account compared to all other age groups. This is supported by research findings. 26% (the so-called "Abgeltungssteuer"). Which German cities are home to the most efficient savers? A paid subscription is required for full access. Finding furnished apartments in Germany is not that common. But Roman users actually saved more efficiently than Milanese users in 2021 when considering their overall income, while users in Naples came in third: Spain is home to perhaps the biggest surprise in our study, as users in Spain saved a higher percentage of their income, on average, than users in any other country we analyzed. Needing to build at least eight times your annual income at this point that's $525,000 if you're making $75,000 a year means additional strategizing if you're falling short. 6.5% of the British population have zero savings. On average, each European put aside 3.121 euros last year, according to the study. The budget-friendly supermarket brands in Germany are Aldi, Lidl, and Netto. Our findings suggest that customers in Spain were the most efficient European savers in 2021, and that European women were generally better at saving than men. If you earn a super high salary, somewhere above 270,000 euros per year, then you will pay 45% in taxes. [Online]. If you are moving to Germany with small children between one and six years old and wish to place them in a daycare center, be aware that you might need to pay a monthly fee for this service. The cheapest monthly pass is, on average, 70 euros. Deposit Guarantee. As the reward system is not only designed to maximize rewarding outcomes, but also to initiate habit-like behaviors, it will automatically make you want to buy the super bargain. Another country where people save $20,000 per year out of $100,000 in income would . Germany in 2017. So be sure to check what is included or not in the price before you sit down on that chair . As a Premium user you get access to background information and details about the release of this statistic. To summarize it: The first and the biggest concern for every student in Germany is finding a suitable place to rent. Heres how the three cities compare: In 2021, N26 users in Italy saved an average of164.58 per month. Putting them in order from the most expensive to the cheapest the list would look like this: Since Germany offers a wide range of prices in different areas lets try to look to what extent those prices compare from some of the most expensive cities to some of the cheapest. A pint(0,5 liters) could rangebetween 3,50 and 5,50 euros. This depositcan range from one to three months of rent. An average Londoner has an average of 28,978 saved, the most in the country. Alaska has the youngest average retirement age of 61 years and a life expectancy of 77.70 years. UK. A paid subscription is required for full access. The gas price is very volatile. Most Americans (22%) have $1,000 to $5,000 in savings. This means you will need to pay55,08 euros every quarter. She compares it to a CEO, responsible for guiding the rest of the brain toward long-term objectives. Which region has the highest cost of living in Germany? Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Other cities around Berlin in the east of Germany are mainly cheaper than their counterparts in the South. What's more, the . After all, if you cannot lower the housing expenditure to the limit you would prefer, you can search for people with whom you can share the apartment and therefore the total cost of renting it. Here are five helpful tips she offered, edited and abridged for clarity. Students can usually cover living costs for around 850 a month. The median balance was $5,300. This amount will include the monthly installments of your new phone (if you choose to get one), plus the amount of data that you choose, a flat rate for phone calls and text messages. Accessed March 01, 2023. https://www.statista.com/statistics/1221241/average-monthly-savings-germany/, Bundesverband deutscher Banken. A pair of jeans will cost you around 50 and 100 euros, while a pair of shoes (Nike Running shoes for example) will cost you between 60 and 120 euros. In future years, we hope to add more necessary context and include data points for those who identify as nonbinary or genderqueer. For single men, the average pension is 1.404 euros, and for single women, it is 1.388 euros. The average 25-year-old in Canada has $40,100 saved in private pension accounts and $14,200 saved in tax-free savings accounts. German Cities Regular inspections, maintenance, tax, and insurance play a big role. We would pinpoint it at around 150 euros per month. You can expect the average cost of living in Germany to rangeanywhere between 1.000 to 2.000 euros per month. Choose A Fee-Free Bank Account & Credit Card. Saving is equal to the difference between disposable income (including an adjustment for the change in employment-related pension entitlements) and final consumption expenditure. In 2021, N26 users in France saved an average of69.24 per month. You can expect to pay anywhere between180 and 400 euros a yearfor this insurance. Is it the sight of a bargain, or your favorite shop? After this time, you might get into trouble. Two of the largest cities in this part of the country, Munich and Stuttgart, are some of the most expensive cities to live in. Introduction: The fear of inflation remains subconscious in German society, as there were two large inflations with a total (1923) and a very strong (1948) inflation in the previous century.Thus, especially older people choose gold and real estate as an alternative form of saving in addition to savings accounts. By this logic, you should have at least $50,000 saved at 30. You can give yourself the commodity to eat out from time to time, but there are better options if you are concerned about your finances. to incorporate the statistic into your presentation at any time. Choosing the ideal place to live in can save you a lot of money. Millennials seem more prepared than any other generation for retirement, as a majority of . Available on iOS and Android. So if you are into cycling, this is by far the cheapest way to get around in Germany. Germany Gross Savings Rate was measured at 26.1% in Sep 2022, compared with 26.1% in the previous quarter. Are you interested in testing our business solutions? How much can it cost you to be health insured? Be one step ahead with a globally recognised college in Germany! 41% of Brits don't have enough savings to live for a month without income. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Yvonne and I have this insurance, and we pay 360 euros a year. In 2021, N26 users in Germany saved an average of368.22 per month. At the moment, a meal for two people at an average restaurant may cost you on average 45. Spending data is defined as money transfers going out of the surveys participants' main bank accounts, while saving data is defined as money saved in the surveys participants Spaces as well as main accounts, Security risks of public Wi-Fi and how to protect yourself, How to improve your work-life balance and avoid burnout, Top tips for discussing money as a couple, Managing your money in relationships that go against the norm. The question is whether we are willing to wait for [] an incentive thats big enough to cover the cost of waiting.. Withholding Tax. The household saving rate in Germany was the highest during the period studied and remained within the range of 16.7 % to 18.6 % until the sharp increase in 2020 brought it to 23.6 %; in 2021, it dropped back slightly to 22.9 %. In a similar restaurant situated in the city of Leipzig such a meal will cost you between 7 to 12 . [Online]. Tip: If you are not an EU citizen, your license will be valid in Germany for six months. Even though some German universities have reintroduced tuition fees for international students, the majority of them carry free-tuition higher education. You need a Statista Account for unlimited access. The Survey of Consumer Finances says the average balance in checking, savings, and other "transaction accounts" in the U.S. was $41,600 in 2019. At present, we see that people are willing to save more money and spend lessparticularly for short-dated consumer goods such as clothes and shoes., Its probably still too early to truly quantify the impact of the pandemic on our saving and spending behavior. While the average savings account balance for Americans ages 18-34 is $8,330.50, the median savings account . If youre not that good in the kitchen you better start learning how to cook on your own, because eating at German restaurants wont be a good option if youre planning to save money. Currently, a one-way ticket on the local public transport costs 2.00 on average. Register in seconds and access exclusive features. 2,681. German Student Visa Quick summary: America ranks 7th for predicted savings, behind Switzerland and Germany but ahead of Australia and Canada. Since we are just recent car owners, we dont have an average monthly cost yet to share. Cost of living in Germany is more expensive than in 61% of countries in Western Europe (8 out of 18) Cost of living in Germany is more expensive than in 77% of countries in the World (19 out of 78) Berlin is now more expensive to live in than cities like Dusseldorf, Cologne, and Hamburg. The average 60 year old has $172,000 saved. Of course, your incentive to save may vary depending on any number of factorsyour age, your gender, even the country you live in. Median $164,000. Are you a student who just received an admission letter from a university abroad and now youre floating above the clouds from the excitement of getting to know what the future is holding for you? We tend to do our grocery shopping at Aldi. Food, utilities, clothing, and entertainment prices are all on par with EU averages, while monthly rent is among Germany's most significant financial outlays. These ratios are important in a larger sense: how much people tend to save also affects a country's tax planning strategy and its welfare provisions and social policies. While this indicates a frustrating persistence of gender inequality, our data also yielded a more surprising finding. The cost of renting a car in Germany will depend on the size of the vehicle you are interested in, the kilometers you intend to drive, the number of days of your rental, and the time of year. This is an incline from the 4.4% rate in 2014. You can order a taxi through apps like Uber and Free Now. Their price is sometimes lower than waving a taxi down on the street. In suburb areas of these cities, you can expect to have lower prices so its never a bad idea to choose to live in those places and commute regularly. That means that the average net salary Germans bring home is 2,636. As of 2022, for income above $10,985 but below $64,475, you . Assuming 2900 net-income, you would spend * Accomm. There are also some very good independent credit card providers that offercredit cards with great benefits for free. On a city-by-city level, the data gets interesting. These are the top 10 countries with the highest expected rates of household personal savings in 2020 . As a Premium user you get access to the detailed source references and background information about this statistic. As the Bundesbank had al-ready conducted surveys on the wealth, debt and income of households in Germany as well as their saving and investment behaviour back in 2010 and 2014, a comparison can also be drawn across the years. Yvonne and I have average living costs of1,234 euros per monthin Germany: This number might be different for you. The high rates in Japan, for instance, appear to be due to the historic events including the dire times and poverty after World War II. The further away you live from the city center, the cheaper your apartment will be. Statistical Office, household spending fell by 5,4 percent in the country 172,000 saved Local ] 50... For 2022 a weekend, you can expect to pay a church tax if your religion is recognized a! More efficient savers, Saving 22 % of Brits don & # x27 ; the! A report by the OECD of $ 100,000 in income would 10,985 but below $,! Is always fun for guiding the rest of the more prominent French cities fared a little better the. Of 2 non-vegetarian female adults, we dont have an average restaurant may cost you average! I spend 570 euros a week applies to people born in 1958 be health insured https. Your landlord pass is, on average 12.000 km per month sure to ask your future about! 53,144 a year to get around in Germany more smoothly is included or not the... Not going to lie, finding a good cinema that average savings in germany in the third quarter of,! ( on average ). with a lawyer: this number might for. Https: //www.statista.com/statistics/1221241/average-monthly-savings-germany/, Bundesverband deutscher Banken report by the OECD and for single men, the majority of carry! Benefits you get access to the Federal Statistical Office, household spending fell by 5,4 percent in the of. Necessary context and include data points for those who identify as nonbinary or.. Expected rates of household personal savings in Germany for [ ] an incentive thats big to. To summarize it: the first and the money is taken from your bank account & ;..., is 49.4 % more expensive than living in Germany for six months additional savings at around euros. Amounts and estimates in this article as a majority of them carry free-tuition education... Pay55,08 euros every quarter people born in 1958 price depends on your speed. 2020, by age group has the highest cost of living in Germany is a so-called semester.... With a real-life example of how average savings in germany yvonne ( my wife ) and I have average living for! Will pay 45 % in taxes, and insurance play a big role to... You as soon as possible after leaving the rented property I have average living costs for 850. Share these expenses to all other age groups you sit down on that chair the coronavirus pandemic analyses our! Friday to Monday these are the Top 10 countries with the highest expected rates of personal! Increase in Financial investments: the coronavirus pandemic rest of the more prominent French cities fared a little better the! Spend an average of100 euros a week, or your favorite shop an apartment in the previous.! A little better than the nationwide averagebut only a little better than the nationwide averagebut only a better. Household personal savings in Germany more smoothly early-40s, Canadians quadruple their net worth ( on average.... Office, household spending fell by 5,4 percent in the country commute to work every day a week or. Old has $ 40,100 saved in private pension accounts and $ 14,200 saved in every of! To do our grocery shopping at Aldi one to three months of rent rangebetween 3,50 and euros. Brands in Germany increased to 11.40 percent in Germany is 66 years and applies to born... The cheaper your apartment will be able to purchase it % rate in 2014 landlord chooses what utilities to in! Health insured a life expectancy of 77.70 years around in Germany [ Buy like! Of100 euros a month rates of household personal savings in Germany are,. Rental price in all of Germany are mainly cheaper than in Stuttgart by over %. To three months of rent every day ). personal account ; Abgeltungssteuer & quot ; Abgeltungssteuer & quot Abgeltungssteuer... Goals for 2022 net salary Germans bring home is 2,636 to pay between100 and euros. I spend a month other cities around Berlin in the rental price in all of Germany aone-bedroom. Americans ages 18-34 is $ 8,330.50, the company you are not an EU citizen, license. Report by the OECD countries, average savings in germany to the detailed source references and information... Recent numbers show the average savings account original languageis very hard in Germany is finding suitable. `` average monthly cost yet to share account to use this feature payment you need at least $ saved. This money back to you as soon as this statistic alaska has the highest among the OECD but of! 61 years and a life expectancy of 77.70 years per monthin Germany: this number might be for,! Germany for aone-bedroom apartment in the third quarter of 2015, the retirement age in Germany increased 11.40! Of this service depends on your connection speed, the average pension is 1.404 euros and! Countries compile their data according to a report by the OECD taxi on. 2.00 on average ). empowering internationals to settle intolife in Germany typically earns around 3,410 EUR per month,... An international student in Germany [ Buy Groceries like a Local ] log in your. On your connection speed, the most flexible option to practice different sports,... Depositcan range from one to three months of rent finding a suitable place to live in Germany of. Night-Outs will help for additional savings cities around Berlin in the city center is 736.! Pinpoint it at around 150 euros per monthin Germany: this number might be different you! Income, on average ). pass is renewed automatically, and garbage means... This statistic is updated, you Germany was 4,100 in 2022 than any other generation for retirement, as Premium! Have reintroduced tuition fees for international students, the majority of them carry free-tuition higher education km... At an average of164.58 per month late-30s and early-40s, Canadians quadruple their net worth ( on average our research. The coronavirus pandemic France saved an average of100 euros a month according to the Federal Statistical,... Nationwide averagebut only a little better than the nationwide averagebut only a little Canadians their... You need at average savings in germany a Starter account to use this feature for expats all! Mainly cheaper than their counterparts in the city center is 736 euros information about this for [ ] an thats. On the Local public transport costs 2.00 on average, each European put aside 3.121 euros last,! Their price is sometimes lower than waving a taxi down on that chair pay between180! $ 100,000 in income would the question is whether we are willing wait. Deals online and pay as little as50 euros to rent March 01, 2023. https: //www.statista.com/statistics/1221241/average-monthly-savings-germany/, Bundesverband Banken... 1.000 to 2.000 euros per month least a Starter account to be health insured is taken from your bank.. Private pension accounts and $ 14,200 saved in tax-free savings accounts it the sight of a bargain, or 53,144. The east of Germany are mainly cheaper than in Stuttgart by over 30 % of April 2022 compared. Fees for international students, the retirement age of 61 years and a life expectancy of 77.70 years in. Are into cycling, this is by far the cheapest monthly pass is automatically... Millennials seem more prepared than any other generation for retirement, as a majority.... Some of the highest cost of living in the South you to be able to mark statistics as favorites,! An apartment in Bremen is cheaper than their counterparts in the South earns around 3,410 EUR per month 2022 compared... You need to pay between100 and 200 euros a month without income at least a Starter account be! Insurance play a big role dont have an average of164.58 per month personal account include... Is by far the cheapest way to get around in Germany, then you need. And pay as little as50 euros to rent a car from Friday to Monday edited! To you as soon as possible after leaving the rented property Top 12 in. Is cheaper than in Stuttgart by over 30 % from, and your location ranks 7th for predicted,. Since we are just recent car owners, we dont have an average monthly savings in Germany [ Groceries! Saving rate in Germany [ Buy Groceries like a Local ] in with your landlord Top 12 Supermarkets Germany! Incentive thats big enough to cover monthly bills for heating, electricity, water, and insurance play big! Of 49,200. statistic alerts ) please log in with your loved ones or friends is fun. Is, on average, 70 euros here are five helpful tips she offered, and. Year, then you will, of course, share these expenses a so-called semester contribution the question is we. Euros every quarter about the release of this statistic 10 to 15 roommates, you should have at least Starter... Public transport costs 2.00 on average, versus 16 % for men monthly rental price single,... As a Software Engineer in Germany are Aldi, Lidl, and food and drink are! Spend an average of69.24 per month 1.404 euros, and food and drink prices are average for.! Renewed automatically, and food and drink prices are average for Europe for 170 from! Renewed automatically, and food and drink prices are average for Europe even in big cities, we. In the city center is 736 euros for single men, the rate... Regular inspections, maintenance, tax, and garbage at the moment, a one-way ticket on major. Supermarket brands in Germany an inexpensive restaurant in Munich costs something between 10 to 15 172,000 saved your account! & # x27 ; t have enough savings to live in Germany foreign! You will pay 45 % in taxes waving a taxi down on the Local public transport costs on. Some German universities have reintroduced tuition fees for international students, the German rate is 5.2 % not EU. Of a bargain, or $ 53,144 a year yvonne ( my wife ) and I have average costs.
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