How Much Does It Cost to Live in Germany?

So You Want To Move to Germany

The fatherland has been a popular destination for expats for years from lush landscapes to vibrant cities, Germany is a mecca for all types of lifestyles.

This grant variety has given way to the nation being particularly popular with graduates, who have come to its cities for of course the lifestyle and other benefits such as great job opportunities.

Germany’s Economy

Germany has the largest national economy in Europe. The nation's growth is due in no small part to high living standards and consumer spending. Along with great trade deals with the EU all signs are pointing to Germany's economy improving for years to come barring any crash.

Currency

The currency of Germany has been the Euro since 1999 which is in turn the regional currency of the european union now.

Renting in Germany

For most people, the dream is to own your own property. This can of be achieved in the long term, however you will need somewhere to live in the short term! Germany is championed for its rental market. Although both house prices and rental values have increased over the years, Compared to most capital cities in europe Germany is around half the cost (Sale Wise).

Word of caution, in cities such as Munich and Berlin rental properties are snapped up quick. Once you find a property you like, secure a viewing with the estate agent or landlord. Of course this can be difficult if you are going to be living with other people, (they might like a place that you don't!) The next stop is to make sure paperwork is ready to go so housing applications can go through. This usually consists of a copy of;

  • Passport,
  • A work permit
  • Pay slips or contract of employment.

After this stage you will be expected to put down between one and three month’s rent (although 3 months is a reality) . It will depend upon the landlord or agent. Contracts vary between 12 months to rolling month-to-month contracts but these can be changed.

Healthcare in Germany

The health care system is universal in Germany much like the NHS. The standard of healthcare in Germany is exceptional which is why the country leans towards a healthy way of living in general.

If you are a Expat who is in the workforce in Germany you can make use can make use of the health insurance provided by the government. However is you are Self-employed or a non-working expat you must take out private medical insurance. A few expats like to pay for private medical care to gain access to private care. On the plus side for that, all employers in Germany, regardless of whether the expat has chosen private or statutory health insurance, Might be made to pay up to half the bill per month.

Jobs in Germany

Germany is known for having one of the lowest unemployment rates in the European Union, With about only 6% of the population unemployed. Thus is you are a highly skilled worker or even just hold a degree, Having basic German as a language is essential, If you have all of these qualities your chances of getting a job are much higher than those that do not. German work days are often around 38 hours a week with usually 18 days holiday a year to boot.

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