A single person earning the German average salary of 3,770 euros a month makes 2,300 euros netto which is almost three times the average cost of living. Employer Average Salary Salary Comparison Full Access; Caceis: $420,000 Get full report: Deutsche Pfandbriefbank: $288,000 Get full report: EQT Partners: $204,000 Get full report: KGAL: $168,000 Get full report: Bain & Company: … Get a full comparison between Germany vs United States, based on Cost of living information. Terms of Use and We use the Consumer Price Index (CPI) and salary differentials of over 300+ US cities to give you a comparison of costs and salary. Summary about cost of living in Munich, Germany: Family of four estimated monthly costs are 3,595.66$ (3,007.12€) without rent (using our estimator) . The cost of living in Milan is 9% less expensive than in Munich.Cities ranked 1244th and 393rd ($1750 vs $1925) in the list of the most expensive cities in the world and ranked 1st and 1st in Italy and Germany, respectively.Check Italy vs Germany comparison.. Gather all the stats about Average monthly disposable salary... and more. Cost of Living Comparison Between Munich and Zurich You would need around 6,906.79€ (7,493.22Fr.) Prices and comparisons for the whole range of expenses: food, housing, going out, etc. Salaries vs Cost of Living in Germany. A single person costs: $2,572 per month. Updated on Nov 2020. Get access to our salary comparison calculator by signing up. Privacy Policy. The equivalent salary that you'll need in Munich to keep the standard of living that you are used to in your city. This figure breaks down into the following components (2015): Components of social insurance  // Percentage paid by the employer/employee (% of gross compensation)1, 18.7% pension insurance  // 9.35% employer, 9.35% employee 14.6% health insurance // 7.3% employer, 7.3% employee 2 3.0% unemployment insurance // 1.5% employer, 1.5% employer 2.55% nursing care insurance // 1.275% employer, 1.275% employee 3 1.19% accident insurance // 1.19% employer 4, -----------------------------  1 Plus minor allocations 2 Plus additional contribution 3 Childless employees aged above 23 years contribute an extra 0.25% to nursing care insurance 4 Average accident insurance contribution 2015 according to the German Social Accident Insurance (DGUV) Source: Germany Trade and Invest, Destatis - the German Federal Statistical Office, Statista - the world's largest statistics portal. Given the structure of the economy, demand is therefore strong for specialists with technical qualifications and the status of master craftsmen or business administrators. Compare the Cost of Living in Munich with any other city in the world. A salary of $50,000 in Denver, ... require child care, or want to include taxes. Munich is a very expensive city in terms of accommodation rentals. DID YOU KNOW? 2020 Cost of Living Calculator: Denver, Colorado vs Munich, North Dakota Change Places . Compare salary, cost of living allowance standards in any country and any city here. The last survey was published in 2015. This assumes net earnings (after income tax). Costs of living in Munich are in the most expensive 20 percent of all 248 Teleport cities and the most expensive in Germany. He would require X/71 Euros in an Indian metro. Statista are based in New York. Compare the Cost of Living in Munich with any other city in the world. A single person on minimum wage will bring home 1,100 euros a month which is 250 euros above the average monthly cost of living in Germany. Munich’s cost of living is estimated as: 40% cheaper than New York; 20% cheaper than London; 20% cheaper than Singapore; 15% cheaper than Paris Cost of living in Munich is 40% more expensive than Tubingen according to the average local monthly cost. A survey of the structure of earnings produced every five years by Destatis, the Federal Statistical Office, provides a measure of guidance by revealing average gross salaries for a number of professional groups in Germany (see the table below). Full cost of living comparison of Luxembourg vs Munich. Compare cost of living between cities: vs. The answer depends greatly on where in Munich you want to live as rent prices vary greatly depending on the district. Abundant, up-to-date data. > Full cost of living comparison of Munich vs Berlin. Let us help you make an informed decision about what it will cost to live and work in the city of your dreams! Breakdown of prices in Munich, Germany for housing, food, transportation, going out for November 2020. Compared to other German cities, however, living in Munich is relatively expensive. Cost of living in Munich The Cost of living in Munich is higher than out in the surrounding Bavarian countryside, and it is considered to be the most expensive of all the major German cities. ... Average monthly disposable salary > After tax: Average Monthly Disposable Salary (After Tax). Compare Cities Compare salaries city by city with our free salary wizard and convert your own salary to a local salary in Munich. How much more expensive is the cost-of-living in Munich, broken down by category. Coffee costs: $2.99. Munich is a costly city. The following information and links may be of use to help you assess earnings possibilities. The challenge to companies is therefore to take account of this high cost of living in the wages and salaries they pay. The cost of living in Germany is quite reasonable compared to other European countries. Above 100 means more expensive.) A family costs: $5,132 per month. Transportation facilities are the BEST, but I would say these do not come cheap. Above 100 means more expensive.) Cost of living in Munich: let’s analyze costs of food, real estate, entertainment and transport in Munich, Germany Are you considering moving to Munich, Germany? ... Average monthly disposable salary > After tax: Average Monthly Disposable Salary (After Tax). The chart below shows average gross wage levels in Germany per hour (as of 2014) for selected professional groups. High rents and property prices in Munich keep the city's cost of living higher than the national average. Prices and comparisons for the whole range of expenses: food, housing, going out, etc. Average costs per person: Monthly rent costs: $1,122 per month. The employer's total share of an employee's social insurance contributions comes to roughly 21% of the latter's gross wage. Salaries in Germany are above average with IT and engineering roles among the best paid choices in Berlin. Updated on Nov 2020. As a rule, you can expect to spend 1,000 Euros a month. They aggregate data from over 18,000 sources for professional research: Median annual fixed salary and bonuses for industry managers in Germany (2011), GTAI: Terms of employment > Salaries and wages, © 2020 - Ein Service der Landeshauptstadt München und der. A salary of $50,000 in Dallas, ... require child care, or want to include taxes. Munich cost of living. Munich’s cost of living is estimated as: 40% cheaper than New York; 20% cheaper than London; 20% cheaper than Singapore; 15% cheaper than Paris 100 = National Average (Below 100 means cheaper than the US average. A single person on minimum wage will bring home 1,100 euros a month which is 250 euros above the average monthly cost of living in Germany. Your use of this service is subject to our Top Munich Salaries - By Employer . Accordingly, it is important never to confuse gross and net figures! List of prices in Munich (Germany) for food, housing, transportation, going out, and more on Dec 2020. The answer depends greatly on where in Munich you want to live as rent prices vary greatly depending on the district. Full cost of living comparison of Munich vs Seattle, Washington. Above 100 means more expensive.) Naturally, the cost of living in Munich depends on your needs and your lifestyle. In 2016, purchasing power in Munich was 37% higher than the national average. The cost of living in Munich is more than reasonable. You can choose to work full or part-time as you attend university in the city, and with this choice you can expect to be able to save a great amount of money. Please note that, depending on your salary, taxes may account for more than 50% of your gross salary. For more insights check the list of prices of Restaurants, … You would need around 4,899.19€ in Paris to maintain the same standard of life that you can have with 4,400.00 € in Munich (assuming you rent in both cities). All told, there are some striking discoveries. There are no specific cross-industry figures about wage and salary costs in Munich. This is why we are now offering a Premium Salary & Cost of Living Calculator. Most of this will be for rent. Toggle navigation. The average after-tax salary is enough to cover living expenses for 1.1 months in Milan compared to 1.6 months in Munich. in Zurich to maintain the same standard of life that you can have with 4,400.00 € in Munich (assuming you rent in both cities). Tell us your opinion about traffic in Paris. 100 = National Average (Below 100 means cheaper than the US average. Cost of living in Munich. Munich also provides an international workforce with well-paid MINT jobs and opportunities for employment as engineers and economists. Salaries vs Cost of Living in Germany. Cost of living in Munich is 39% more expensive than Linz according to the average local monthly cost. In the Dice Salary Survey, we use salary data reported by tech pros across the United States. DID YOU KNOW? They earn their international success on the back of their employees. At the same time, the cost of living – and the cost of housing in particular – is very high. Depending on sectors and collective agreements, employees may receive additional bonuses on a yearly basis. There are no specific cross-industry figures about wage and salary costs in Munich. Moving to Munich will very likely increase your daily costs of living. For more insights check the list of prices of Restaurants, Markets, Transportation, Utilities, and 40 … So according to today's value ( 27/7/15). Munich has the highest percentage of university graduates (31.3%) on the German labor market. Related Calculators: The average sums of money that people pay for the apartment or house in Munich go far beyond the minimum wage or even the average salary. The cost of living in Munich. For instance, the price for a three-bedroom apartment in the city center is $2439.84 per month. Compare cost of living between cities: vs. A single person estimated monthly costs are 1,050.50$ (878.55€) without rent. Let us help you make an informed decision about what it will cost to live and work in the city of your dreams! Yes, very good. > Copyright © 2009-2020 Numbeo. DID YOU KNOW? Nor can higher salaries than in other major German cities be expected in all industries. This is why we are now offering a Premium Salary & Cost of Living Calculator. Monthly contributions by employers and employees fund the German social insurance system. For more insights check the list of prices of Restaurants, Markets, Transportation, Utilities, and 40 more categories. In the last week alone we've added more than 4,300 new prices to our prices database. Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds (or Equivalent Combo Meal), Beef Round (1kg) (or Equivalent Back Leg Red Meat), Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, 1 min. Munich is 31% cheaper than New York City. For more insights check the list of prices of Restaurants, … Check below the data for the cost of living in Munich, one of the wealthiest cities in Germany and Western Europe. List of prices in Munich (Germany) for food, housing, transportation, going out, and more on Dec 2020. A medium-sized flat (about 80 sq.mt) in the city center will cost around 2000-2500 Euro per month. The cost of living in Milan is 9% less expensive than in Munich.Cities ranked 1244th and 393rd ($1750 vs $1925) in the list of the most expensive cities in the world and ranked 1st and 1st in Italy and Germany, respectively.Check Italy vs Germany comparison.. For more insights check the list of prices of Restaurants, Markets, Transportation, Utilities, and 40 more categories. Cost of living in Munich. Prices and comparisons for the whole range of expenses: food, housing, going out, etc. Your use of this service is subject to our. Online salary comparison calculator to compare the cost of living standards in India, Chennai and Germany, Munich. Use Salary.com's Cost of Living Calculator to easily compare the cost of living in your current location to the cost of living in a new location. Use Salary.com's Cost of Living Calculator to easily compare the cost of living in your current location to the cost of living in a new location. Cost of living in Washington, DC is 34% more expensive than Munich according to the average local monthly cost. Munich vs Paris. Cost of Living Average living expenses are significantly higher compared to other cities, especially in the housing market. Comparisons improve with every new data that you enter. Updated on Nov 2020. Gather all the stats about Average monthly disposable salary... and more. Updated on Nov 2020. One factor contributing to high wage levels in Munich is a plentiful supply of highly qualified jobs in the local economy. A single person earning the German average salary of 3,770 euros a month makes 2,300 euros netto which is almost three times the average cost of living. 2020 Cost of Living Calculator: Dallas, Texas vs Munich, North Dakota Change Places . Rent costs in Munich are very low; especially when you opt for university housing that is available. In sectors such as the civil service, where national or regional pay settlements apply, employees in the lower to middle income brackets in Munich are each paid a regional “agglomeration premium” (Ballungsraumzulage) or “Munich premium” (Münchenzulage) on top of their collectively agreed salary. Munich‘s cost of living is among the highest in the country, although the city offers many facilities as the capital of Germany’s southern state of Bavaria. However, reflecting the higher cost of living, Munich has higher salaries on average than the capital. With an emerging startup and tech scene, the focus in Munich is also on IT and engineering based professions. Software Engineer salaries in Munich are above average.For this job type, Munich ranks 87th for salaries among 265 cities. We then break down salary data by metro area, comparing income versus the cost of living (the latter as reported by the U.S. Bureau of Economic Analysis). You will need around 861 euros a month to cover your living expenses in Germany as of 2021. Germany vs France > A single traveler costs: $3,888 per month. Munich‘s cost of living is among the highest in the country, although the city offers many facilities as the capital of Germany’s southern state of Bavaria. of Prepaid Mobile Tariff Local (No Discounts or Plans), Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, International Primary School, Yearly for 1 Child, 1 Summer Dress in a Chain Store (Zara, H&M, ...), Price per Square Meter to Buy Apartment in City Centre, Price per Square Meter to Buy Apartment Outside of Centre, Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate. Copyright © 2009-2020 Numbeo. 100 = National Average (Below 100 means cheaper than the US average. Salaries in Germany are in general unbelievably low compared to cost of living expenses as German companies try to squeeze their employees to beat the market. This calculation uses our Cost of Living Plus Rent Index to compare cost of living. Get a full comparison between Germany vs United States, based on Cost of living information. Would you like to live and work in Paris? Toggle navigation. It is, however, still much cheaper than London. Let's assume for a bachelor to live a comfortable life in an Indian metro he/she might require X Rs.