Germany is one of the more well-known countries in Europe and attracts people from around the world to visit or to live. With 81.4 million people living in Germany in 2015, and the number ever-increasing, it is one of the most populated countries in the world. Compared to other countries of its size, the cost of living in Germany is quite low.

According to Expatistan, a website dedicated to calculating the cost of living and ranking countries in order of cost of living, Germany ranks 24th in the world in terms of affordability. It is fairly affordable to live in Germany compared to many of the other larger countries around the world. As opposed to the United States, the average monthly salary in Germany is just below the U.S. by a few hundred dollars, at 2,172 euros a month.

As of July 2017, the euro is equal to $1.15. As far as living expenses go, in order to rent a one-bedroom apartment in an outside city, rent is approximately 656 euros or $748.07 per month. A three-bedroom apartment in a more populated city bumps up the price to 1,261 euros per month, which is still cheaper than most major cities in the United States. It is the less expensive option to live outside of the city and live in the suburbs than the major cities.

Some of the common food options that are available in Germany are cheaper than around the world as well. Milk is 0.70 euros (80 cents) and a loaf of bread sits at 1.27 euros ($1.45). Both bottled water and a bottle of Coca-Cola or Pepsi are both more expensive in Germany though, sitting at 1.68 euros ($1.92) and 2.07 euro ($2.36) respectively.

For upper schooling in Germany, the average person spends around 850 euros on living expenses, possible schooling fees and health insurance. This is much less than what others in Germany pay on average per month.

On the whole, the cost of living in Germany is inexpensive compared to many other spots around the world, including the United States. Germany’s markets and living expenses are cheaper than many other places around Europe.

– Brendin Axtman

Photo: Flickr