How much money do you need to live in Germany?

You will need around 861 euros a month to cover your living expenses in Germany as of 2021. On average, to cover your living expenses in Germany you will need around 861 euros per month (around $1,002 US dollars) or 10,332 euros per year (around $12,024 US dollars).

How much do you save a month in Germany?

According to a survey conducted in 2020 in Germany, the average monthly savings among the population amounted to 451 euros. The survey revelead slight differences between age groups. Individuals between 18 and 29 years of age could save on average 390 euros per month.

How much should you spend on rent Germany?

A rule of thumb in Germany is that one shouldn’t spend more than a third of one’s post-tax income on rent. But the study found that over 40 percent of Germans are paying over this ratio.

Is university free in Germany?

In 2014, Germany’s 16 states abolished tuition fees for undergraduate students at all public German universities. This means that currently both domestic and international undergraduates at public universities in Germany can study for free, with just a small fee to cover administration and other costs per semester.

What do I need to know about moving to Germany?

If you want to start living in Germany, you have to get health insurance. This can either be with the public health system, which covers around 90\% of German residents, or with a private company. However, if your annual salary is under €57,600, you’re required to get state insurance. Make sure to register as soon as possible.

How much does it cost to live in Germany?

The cost of living in large German cities is relatively low compared to other Western European countries. The first thing you will need to do is organize your visa. The most common type of visa is the working visa, which requires proof of employment, your ID, and a payment of 60 EUR (67 USD).

Do you need a work permit to live in Germany?

To be allowed to live and work there legally, you must have a German work and residence permit. You don’t have to apply for a German work permit separately from a residence permit; you get them both through a single application at the German Immigration Authority Office (Ausländerbehörde).

How much tax do I have to pay in Germany?

Once you have a German work permit and start work, you will have to pay income tax. The income tax rate in Germany starts at 14\% to a maximum of 45\%, based on how much you make; if you make less than €9,744 per year, you are exempt from paying income tax. Here is the income tax rate, depending on your salary: