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First apartment budget calculator
First apartment budget calculator






first apartment budget calculator

According to Statista, the highest average cost of living in Basically, there’s no way to say for certain whether city or rural living is cheaper.Īlong with the size of your home, the region where you live also impacts how much money you need each month. However, living rurally incurs other costs-like for your own car-that city-dwellers avoid. More people there own their own homes and don’t need to pay rent (but they do need to pay ancillary costs and for renovation work).įor some people, living outside of the city is worth it: People in Berlin have €250 to spare at the end of the month, whereas people in the countryside have €610, after deducting all their expenses. In rural areas, rents are cheaper-and that’s not all. In metropolitan areas, rent, energy, and ancillary costs often make up more than half of your expenses. Rent is a lot higher in big cities like Berlin, Frankfurt am Main, and Munich than in Chemnitz, Gelsenkirchen, or Zwickau.

first apartment budget calculator

Whether you live in a city or in a rural area has a huge impact on your cost of living.

first apartment budget calculator

This means that the average cost of living in Germany is just a guide-it can be different for everyone.Ĭomparing the cost of living across Germany And if you’ve got a family, you’ll have to cover the costs of having a child, like clothes, toys, and maybe even kindergarten fees.Īs a result, statistics always use representative goods and price indices to calculate the cost of living. Similarly, if you use public transport or a bike to get around, you’ll spend less than people who drive. If you only buy your groceries from an organic supermarket, you’ll spend more on your food. It goes without saying that people have different needs and different consumer behavior. Here’s a table with the most important things that count towards the cost of living in Germany: Insurance policies and deductions for social security, like your pension or personal liability insurance, aren’t part of the cost of living, strictly speaking-but it’s helpful to take these expenses into account when calculating your household budget. So, what counts towards the cost of living? To name a few things: your home, food, toiletries, and internet plan, not to mention leisure activities and sport. In simple terms, the cost of living is all your expenses for the things you need to live. The term “cost of living” comes from economics and describes what private households spend on day-to-day life.








First apartment budget calculator