How much will I need per month to live in Germany while doing an MBA?
Rent is the biggest monthly cost for MBA students in Germany. A one bedroom city-centre flat is around EUR 809, and outside the centre around EUR 624. Food typically adds EUR 200 to EUR 350, utilities around EUR 309, and a transport pass about EUR 63. Costs vary by city.
Rent is where most of your money goes in Germany, with a one-bedroom city-centre flat at around EUR 809 (approx INR 87,874) per month and one outside the centre at around EUR 624 (approx INR 67,779). Figures below are Numbeo-based estimates, so treat them as a guide and adjust for your city.
Approximate Monthly Costs
| Expense | Approximate monthly cost |
|---|---|
| 1-bedroom flat, city centre | Around EUR 809 (approx INR 87,874) |
| 1-bedroom flat, outside city centre | Around EUR 624 (approx INR 67,779) |
| Food and groceries | EUR 200 to 350 (approx INR 21,724 to 38,017) |
| Basic utilities (electricity, heating, water, garbage) | Around EUR 309 (approx INR 33,564) |
| Public transport pass | Around EUR 63 (approx INR 6,843) |
| Mobile phone plan with data | Around EUR 22 (approx INR 2,390) |
| Broadband internet | Around EUR 43 (approx INR 4,671) |
| Personal expenses such as clothes and outings | EUR 150 to 200 (approx INR 16,293 to 21,724) |
Where You Live Changes the Bill
- Munich, Frankfurt, Cologne and Hamburg sit at the expensive end.
- Leipzig, Aachen, Dresden and Bremen cost considerably less.
- Sharing a flat with other students is common in Germany and can cut rent by a large margin.
- Utilities are sometimes bundled into rent, so check with your landlord, and a student semester pass often costs less than the regular monthly pass.
My Advice
Choose your city before you finalise a budget, since rent changes the total the most. Ask any landlord whether utilities are already in the rent so you do not count them twice. Build a small buffer for personal spending, because those small costs add up.
How much will a month in Germany cost you?
Rent, food and travel. A real monthly budget, city by city.
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