Cost of Living in Frankfurt

Frankfurt has many areas and suburbs catering to expats' needsAccording to Mercer’s 2016 Cost of Living Survey, Frankfurt is the second most expensive city in Germany, after Munich. Frankfurt was ranked 88th out of 209 expat destinations worldwide.

However, expats will find that there are a number of ways to save money while still maintaining a good quality of life in this highly industrialised city.  

Just like in any other world city, an individual expat’s cost of living is dependent on one’s lifestyle. While Frankfurt allows residents to indulge, it is also a city where one can choose to live cheaply and comfortably too.

Cost of accommodation in Frankfurt


The rule of thumb is to spend no more than 30 percent of one's salary on rent. However, after tax this accounts for the bulk of an expats budget. There is a range of accommodation in Frankfurt and the price will depend on a number of factors, including the area one chooses to live in, the size of the property and whether the property is furnished or unfurnished.

Remember that when renting property in Germany ‘warm’ rent includes certain utilities.  

Cost of transportation in Frankfurt

 

Getting around in Frankfurt using public transport is fairly inexpensive. There are plenty of money-saving schemes available for one to choose from. 

For expats who will use public transport to commute on a daily basis it is wise to invest in a monthly or annual travel pass. Furthermore, expats moving to Frankfurt will be pleased to know that these passes cover the cost of travelling with children in the evening or at weekends.

Generally, most people do not need a car to get around Frankfurt. However, those that do wish to drive will need to factor in the cost of parking fees and petrol.

 

Cost of groceries in Frankfurt


The cost of grocery shopping varies depending on where one shops. Supermarkets operated by Galeria or Karstadt tend to be more expensive. Most expats shop at Rewe. 

For those on a tighter budget, there is Lidl and Aldi. Unfortunately, it is not too common to see bulk buy offers in supermarkets in Frankfurt.

Cost of entertainment and eating out in Frankfurt


Frankfurt is a bustling, cosmopolitan city and expats will find there is a lot to keep them entertained here. Frankfurt has lots of good restaurants offering traditional German cuisine as well as international fare.

Tipping is common practice in Frankfurt; however, how an individual tips will differ from one person to another. The general practice is to give a 10 percent tip.

Cost of schooling in Frankfurt


While public schools in Germany are of an excellent standard and fees are very low, for most expats this is not a viable option. Unless expats plan on relocating to Germany in the long-term or have children who are young enough to pick up the local language, international schools are the best option, but they come at a hefty price.

Those relocating to Frankfurt for a lucrative job offer should try to negotiate an allowance to cover school fees for their children.

 

Cost of living chart for Frankfurt

(Note that prices may vary depending on product and service provider and the list below shows average prices for July 2016
Accommodation
Furnished two bedroom house EUR 1,450-1,800
Unfurnished two bedroom house EUR 1,200-1500
Furnished two bedroom apartment
 
EUR 1,000-1,300
Unfurnished two bedroom apartment
 
EUR 1,000-1,200
Shopping
Dozen eggs EUR 3
Milk (1 litre) EUR 0.95
Rice (1kg) EUR 1.85
Loaf of white bread EUR 1.80
Chicken (1kg) EUR 8
Pack of cigarettes (Marlboro) EUR 5.75
Eating Out
Big Mac meal EUR 7.50
Coca Cola (500ml) EUR 2.50
Cappuccino  EUR 4
Bottle of beer (local) EUR 4.50
Three-course meal at a mid-range restaurant EUR 70-100
Utilities/Household (monthly)
Internet uncapped ADSL per month EUR 40
Mobile call rate (per minute – mobile to mobile) EUR 0.15
Electricity (average per month for standard household) EUR 130
Transportation
Taxi rate per km EUR 2.50
City centre bus fare/train fare EUR 1.75
Petrol/gasolene (per litre) EUR 1.56
 

 

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Our Frankfurt Expert

YolandeCampbell's picture
Singapore. Frankfurt am Main, Germany
I moved to Frankfurt with my husband in May 2012 for his new job. I enjoy cooking, photography and travelling and would like... more

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