DID YOU KNOW? Would you like to live and work in Paris? Depending on sectors and collective agreements, employees may receive additional bonuses on a yearly basis. Compare salaries city by city with our free salary wizard and convert your own salary to a local salary in Munich. Salaries in Germany are above average with IT and engineering roles among the best paid choices in Berlin. Prices and comparisons for the whole range of expenses: food, housing, going out, etc. A family costs: $5,132 per month. A salary of $50,000 in Dallas, ... require child care, or want to include taxes. 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 Berlin. 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. Full cost of living comparison of Munich vs Seattle, Washington. 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. Salaries vs Cost of Living in Germany. 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.. We use the Consumer Price Index (CPI) and salary differentials of over 300+ US cities to give you a comparison of costs and salary. Get access to our salary comparison calculator by signing up. 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 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). One factor contributing to high wage levels in Munich is a plentiful supply of highly qualified jobs in the local economy. Your use of this service is subject to our. Let's assume for a bachelor to live a comfortable life in an Indian metro he/she might require X Rs. 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. Compared to other German cities, however, living in Munich is relatively expensive. 100 = National Average (Below 100 means cheaper than the US average. For more insights check the list of prices of Restaurants, Markets, Transportation, Utilities, and 40 … The cost of living in Munich is more than reasonable. Top Munich Salaries - By Employer . 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. Salaries vs Cost of Living in Germany. DID YOU KNOW? Naturally, the cost of living in Munich depends on your needs and your lifestyle. 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). Gather all the stats about Average monthly disposable salary... and more. The average after-tax salary is enough to cover living expenses for 1.1 months in Milan compared to 1.6 months in Munich. 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. 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. Munich is a costly city. Updated on Nov 2020. The average after-tax salary is enough to cover living expenses for 1.1 months in Milan compared to 1.6 months in Munich. 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) . Cost of living in Munich. Software Engineer salaries in Munich are above average.For this job type, Munich ranks 87th for salaries among 265 cities. We use the Consumer Price Index (CPI) and salary differentials of over 300+ US cities to give you a comparison of costs and salary. Updated on Nov 2020. The cost of living for expatriates in Munich as at October 2020 is high in comparison to other places in the world, with an overall Cost of Living Index (COLI), for all 13 basket groups, of 87.37 (New York =100). Full cost of living comparison of Munich vs London. 2020 Cost of Living Calculator: Denver, Colorado vs Munich, North Dakota Change Places . Munich also provides an international workforce with well-paid MINT jobs and opportunities for employment as engineers and economists. Munich is a very expensive city in terms of accommodation rentals. As a rule, you can expect to spend 1,000 Euros a month. Cost of Living Comparison Between Munich and Zurich You would need around 6,906.79€ (7,493.22Fr.) Cost of living in Munich is 39% more expensive than Linz according to the average local monthly cost. The equivalent salary that you'll need in Munich to keep the standard of living that you are used to in your city. At the same time, the cost of living – and the cost of housing in particular – is very high. Privacy Policy. Prices and comparisons for the whole range of expenses: food, housing, going out, etc. Cost of living in Washington, DC is 34% more expensive than Munich according to the average local monthly cost. There are no specific cross-industry figures about wage and salary costs in Munich. He would require X/71 Euros in an Indian metro. Munich is of one the top city in germany, the city is also known for its culture, traditions and job opportunities that welcomes expats & students for jobs and education. 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. Rent costs in Munich are very low; especially when you opt for university housing that is available. So according to today's value ( 27/7/15). List of prices in Munich (Germany) for food, housing, transportation, going out, and more on Dec 2020. Let us help you make an informed decision about what it will cost to live and work in the city of your dreams! Tell us your opinion about traffic in Paris. You will need around 861 euros a month to cover your living expenses in Germany as of 2021. Given the structure of the economy, demand is therefore strong for specialists with technical qualifications and the status of master craftsmen or business administrators. Full cost of living comparison of Luxembourg vs Munich. The cost of living in Munich. However, reflecting the higher cost of living, Munich has higher salaries on average than the capital. Compare cost of living between cities: vs. For more insights check the list of prices of Restaurants, Markets, Transportation, Utilities, and 40 more categories. Let us help you make an informed decision about what it will cost to live and work in the city of your dreams! Prices and comparisons for the whole range of expenses: food, housing, going out, etc. 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. It is, however, still much cheaper than London. The employer's total share of an employee's social insurance contributions comes to roughly 21% of the latter's gross wage. The Cost of Living in Munich is high. > 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 Average costs per person: 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. Germany vs France Comparisons improve with every new data that you enter. Apartment rental prices: About 14 … Cost of Living Yes, very good. Costs of living in Munich are in the most expensive 20 percent of all 248 Teleport cities and the most expensive in Germany. Munich has the highest percentage of university graduates (31.3%) on the German labor market. In the Dice Salary Survey, we use salary data reported by tech pros across the United States. Compare the Cost of Living in Munich with any other city in the world. Updated on Nov 2020. All told, there are some striking discoveries. 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). Terms of Use and 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. Monthly contributions by employers and employees fund the German social insurance system. 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. A single traveler costs: $3,888 per month. Get a full comparison between Germany vs United States, based on Cost of living information. Compare Cities The cost of living in Germany is quite reasonable compared to other European countries. Please note that, depending on your salary, taxes may account for more than 50% of your gross salary. 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. Cost of living in Munich is 40% more expensive than Tubingen according to the average local monthly cost. Gather all the stats about Average monthly disposable salary... and more. 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