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Local Germany
a day ago
- Business
- Local Germany
Berlin, Frankfurt and Munich: How expensive is life in Germany's big cities?
Housing is the biggest item on most peoples' monthly budget. It's also a cost that seems to be perpetually rising in most places. Between 2015 and 2023, house prices in the EU rose on average by about 48 percent, according to Eurostat. In Germany, house prices nearly matched the EU average, rising by 48.8 percent during that time. Rent prices have also seen continual growth in most German cities, although the rate at which rents have risen varies dramatically between different cities or even between neighbourhoods. But to understand the cost-of-living in a city, it's better to also take income into account – statistics like the rent-to-salary ratio or disposable income (after rent) give a more complete picture of how affordable a city is for most of its residents. The recent 'Mapping the World's Price Report 2025' by Deutsche Bank and numbeo included figures for net monthly salaries and housing costs in 69 cities worldwide. The Local takes a closer look at figures from Berlin, Frankfurt and Munich to get a sense of the affordability of Germany's biggest cities. Salaries In terms of monthly net salary (that's netto in German, or salary before tax and contributions) Frankfurt has the highest paid workers of the German cities. In fact, of the 69 cities included in Deutsche Bank's report, Frankfurt was ranked 10th for net salary, just behind Copenhagen and ahead of Los Angeles. Deutsche Bank's report listed all prices in US dollars – the average monthly net salary in Frankfurt in 2025 was listed as $4,512 (or €3,863 at time of writing). Munich was next of the German cities, with an average monthly net salary of $3,905 (€3,343) followed by Berlin at $3,565 (€3,052). READ ALSO: Munich vs Berlin - What's considered a good salary for foreign workers? Salaries have risen substantially in all three cities in the past five years, according to the report. The average net salary has gone up 36.4 percent more in Frankfurt compared to 2020, and up 33.5 percent in Berlin. In Munich salaries have risen less, but were still up by 18.6 percent in the last five years. Housing Costs Advertisement While, the average salary is highest in Frankfurt, housing prices are highest in Munich – and that's true for both the price per square metre to buy property as well as the average rent for three-bedroom or one-bedroom apartments. The average monthly rent price for a three-bedroom apartment in Munich is $3,377 in 2025 (or €2,891). In Frankfurt a comparable flat can be rented for $2,778 (€2,379) monthly, and in Berlin the same would go for just slightly less at $2,700 (€2,312). 'Altbau' (old building) apartments in the city of Munich. Photo: picture alliance/dpa/dpa-tmn | Karl-Josef Hildenbrand Rent prices rose by about 23 percent in Frankfurt in the past five years, according to the report, and by about 32 percent in Munich. But Berlin saw the steepest rent price rise since 2020, at more than 40 percent. READ ALSO: In Numbers - Rents soar in Germany's big cities despite the rent brake Rent prices for one-bedroom apartments were cheaper but comparable in their ranking across all three cities. According to the report the average one-bedroom flat in Munich costs about €1,506 monthly in 2025. In Frankfurt it's €1,313 and in Berlin it's €1,217. Disposable income & rent-to-salary ratio Average salaries and average rent prices give a rough sense of a city's affordability, but more meaningful to most people would be figures for disposable income – that is how much money is left over after rent is paid. This figure is calculated in the world price report based on the salaries for two working people who split the cost of rent for a three-bedroom apartment. Based on those figures, a working couple in Frankfurt would have the most disposable monthly income (€5,348) followed by a working couple in Munich or Berlin (€3,796 or €3,793 respectively). These figures should perhaps be taken with a grain of salt, as a couple with two full-time workers who earn the average salary and share an averagely priced apartment would be hard to find. But it gives a sense of where people tend to have more or less disposable income. Advertisement All three cities were ranked within the top 20, of the 69 included in the study, for disposable income. The report also notes that compared to New York city, the couple in Frankfurt would have 334 percent more disposable income. In Munich or Berlin they would have 237 percent more. However, the figure does not take tax and social contributions into account. READ ALSO: 'It wont solve all your problems' - An American on the pros and cons of moving to Germany Based on the same figures, Euronews calculated the rent-to-salary ratio across all of the European cities that were included in the report. (They used the average rent price for a one-bedroom apartment, effectively finding the rent-to-salary ratio for a single resident). Advertisement According to that calculation , residents in Munich spend the biggest portion of their income on rent, at about 45 percent. Single Berliners have to shell out about 40 percent of their hard earned euros for housing each month on average, and those in Frankfurt pay about 34 percent (or just over one-third) of their income for rent. All three cities were in the bottom half of cities compared. Lisbon had the highest rent-to-salary ratio – rents in the Portuguese capital are actually worth 116 percent of the average monthly net salary. In London the average rent is worth 75 percent of the average monthly net income.
Euronews
a day ago
- Business
- Euronews
How much has monthly rent in European city centres changed since 2020?
As rent prices across the bloc keep climbing, the biggest jump in costs over the past five years was detected in Southern and Eastern Europe. This is according to a recent Deutsche Bank report, which scrutinised 67 cities worldwide and 28 in Europe. According to Eurostat, house prices increased by 27.3% between the first quarters of 2020 and 2025, while rents rose by 12.5% from June 2020 to June 2025. But this report indicates that rent increases in city centres were significantly greater than this average. So, as of 2025, which European cities have the most expensive rents? Where are rents the most affordable? And which cities have seen the largest increases since 2020? Athens is the cheapest, London the most expensive In 2025, the monthly rent for a three-bedroom flat in the centre of 28 cities in Europe ranges from €1,080 in Athens to €5,088 (or £4,278) in London. European cities can be grouped into three categories based on rent levels: After London, the most expensive places to rent in Europe are Zurich, Geneva, and Amsterdam, all above €3,800. Swiss cities are the priciest, with rents over €4,250. Dublin, Luxembourg, Paris, Copenhagen, and Munich also have high rents, all above €3,000. These cities are major financial, political, or international centres, driving strong demand for housing. Several well-developed cities have mid-range rents between €2,000 and €3,000. Milan, Edinburgh, and Lisbon are on the higher end of this range. Madrid, Stockholm, Berlin, Frankfurt, and Barcelona are a bit more affordable, with average rents around €2,500. Birmingham, Brussels, Vienna, and Prague are closer to €2,100. These cities offer relatively lower living costs compared to the top tier. Only five European cities have average rents below €2,000. In addition to the lowest, Athens, they include Budapest (€1,225), Istanbul (€1,614), Warsaw (€1,881), and Helsinki (€1,928). These figures show that Western and Northern Europe have the highest rents. Strong economies, high living standards, and housing shortages are key factors in these cities. Southern and Central Europe have more mixed rent levels, while Eastern and Southeastern Europe remain the most affordable. When non-European countries are included in the report, New York stands out as an outlier with average rents of €7,676 ($8,388), while Cairo is the cheapest at just €377. Average salaries in the city centres of Dubai and Sydney exceed €4,000. This makes them more expensive than most European cities. Rents in Toronto, Seoul, Tokyo, Moscow, and Shanghai fall into the mid-range at around €2,500. Rents for a one-bedroom apartment in the centre Rent for a one-bedroom dwelling mostly follows the same pattern as three-bedroom. However, some cities change places in the ranking. The price ratios are also different. Still, London (€2,732 or £2,297) remains the most expensive in Europe, while Athens (€595) is the cheapest. In general, one-bedroom apartments cost about half as much as three-bedroom ones. This share rises to 64% in Oslo and 62% in San Francisco, but drops to 37% in Seoul. That's why San Francisco surpasses London in one-bedroom rent prices globally. Where rents increased the most The report shows figures in US dollars, but we converted them to euros for a fairer comparison. Changes may differ when viewed in local currencies. Between 2020 and 2025, monthly rent for a three-bedroom apartment in city centres across Europe increased by between 3% in Helsinki and 206% in Istanbul. In general, Southern and Eastern Europe experienced the strongest rent increases. Lisbon (81%), Prague (73%), and Edinburgh (71%) followed Istanbul, each with rises of over 70%. Rents also rose significantly in Spain—by 65% in Barcelona and 59% in Madrid. Athens and Warsaw were the other two European cities that saw just over 50% increases. Rent changes vary by apartment size For a one-bedroom apartment in the city centre, the highest and lowest rent increases across Europe between 2020 and 2025 were still seen in Istanbul (191%) and Helsinki (18%). The increase in Helsinki was higher compared to that for a three-bedroom flat (3%). In some cities, the rent increase was higher for three-bedroom apartments—such as Istanbul (15 percentage points more), Prague (23 pp), and Amsterdam (10 pp). Other cities saw greater increases for one-bedroom flats, including Milan (20 pp) and Warsaw (10 pp). 'Big cities, bigger housing costs' shows how housing prices can vary significantly within a country. For example, housing in London is 50% more expensive than the UK average. Income levels matter when discussing rent affordability. 'Europe's cities ranked by rent-to-salary ratio' article compares average incomes with rental costs.
Yahoo
2 days ago
- Business
- Yahoo
How much is rent in Europe's city centres, and how has it changed since 2020?
As rent prices across the bloc keep climbing, the biggest jump in costs over the past five years was detected in Southern and Eastern Europe. This is according to a recent Deutsche Bank report, which scrutinised 67 cities worldwide and 28 in Europe. According to Eurostat, house prices increased by 27.3% between the first quarters of 2020 and 2025, while rents rose by 12.5% from June 2020 to June 2025. But this report indicates that rent increases in city centres were significantly greater than this average. So, as of 2025, which European cities have the most expensive rents? Where are rents the most affordable? And which cities have seen the largest increases since 2020? Athens is the cheapest, London the most expensive In 2025, the monthly rent for a three-bedroom flat in the centre of 28 cities in Europe ranges from €1,080 in Athens to €5,088 (or £4,278) in London. European cities can be grouped into three categories based on rent levels: Rents above €3,000 After London, the most expensive places to rent in Europe are Zurich, Geneva, and Amsterdam, all above €3,800. Swiss cities are the priciest, with rents over €4,250. Dublin, Luxembourg, Paris, Copenhagen, and Munich also have high rents, all above €3,000. These cities are major financial, political, or international centres, driving strong demand for housing. Rents between €2,000 and €3,000 Several well-developed cities have mid-range rents between €2,000 and €3,000. Milan, Edinburgh, and Lisbon are on the higher end of this range. Madrid, Stockholm, Berlin, Frankfurt, and Barcelona are a bit more affordable, with average rents around €2,500. Birmingham, Brussels, Vienna, and Prague are closer to €2,100. These cities offer relatively lower living costs compared to the top tier. Rents below €2,000 Only five European cities have average rents below €2,000. In addition to the lowest, Athens, they include Budapest (€1,225), Istanbul (€1,614), Warsaw (€1,881), and Helsinki (€1,928). These figures show that Western and Northern Europe have the highest rents. Strong economies, high living standards, and housing shortages are key factors in these cities. Southern and Central Europe have more mixed rent levels, while Eastern and Southeastern Europe remain the most affordable. When non-European countries are included in the report, New York stands out as an outlier with average rents of €7,676 ($8,388), while Cairo is the cheapest at just €377. Average salaries in the city centres of Dubai and Sydney exceed €4,000. This makes them more expensive than most European cities. Rents in Toronto, Seoul, Tokyo, Moscow, and Shanghai fall into the mid-range at around €2,500. Related Energy, water, and waste: How much do Europeans pay for household bills? Can you afford to live here? Europe's cities ranked by rent-to-salary ratio Rents for a one-bedroom apartment in the centre Rent for a one-bedroom dwelling mostly follows the same pattern as three-bedroom. However, some cities change places in the ranking. The price ratios are also different. Still, London (€2,732 or £2,297) remains the most expensive in Europe, while Athens (€595) is the cheapest. In general, one-bedroom apartments cost about half as much as three-bedroom ones. This share rises to 64% in Oslo and 62% in San Francisco, but drops to 37% in Seoul. That's why San Francisco surpasses London in one-bedroom rent prices globally. Where rents increased the most The report shows figures in US dollars, but we converted them to euros for a fairer comparison. Changes may differ when viewed in local currencies. Between 2020 and 2025, monthly rent for a three-bedroom apartment in city centres across Europe increased by between 3% in Helsinki and 206% in Istanbul. In general, Southern and Eastern Europe experienced the strongest rent increases. Lisbon (81%), Prague (73%), and Edinburgh (71%) followed Istanbul, each with rises of over 70%. Rents also rose significantly in Spain—by 65% in Barcelona and 59% in Madrid. Athens and Warsaw were the other two European cities that saw just over 50% increases. Related Bean vs. cup: Where is the most expensive takeaway coffee in Europe? The UK's weak economic growth and Brexit: Is the worst over? Rent changes vary by apartment size For a one-bedroom apartment in the city centre, the highest and lowest rent increases across Europe between 2020 and 2025 were still seen in Istanbul (191%) and Helsinki (18%). The increase in Helsinki was higher compared to that for a three-bedroom flat (3%). In some cities, the rent increase was higher for three-bedroom apartments—such as Istanbul (15 percentage points more), Prague (23 pp), and Amsterdam (10 pp). Other cities saw greater increases for one-bedroom flats, including Milan (20 pp) and Warsaw (10 pp). 'Big cities, bigger housing costs' shows how housing prices can vary significantly within a country. For example, housing in London is 50% more expensive than the UK average. Income levels matter when discussing rent affordability. 'Europe's cities ranked by rent-to-salary ratio' article compares average incomes with rental costs. Solve the daily Crossword
Euronews
2 days ago
- Business
- Euronews
Monthly rents in European city centres: 2020 vs 2025
As rent prices across the bloc keep climbing, the biggest jump in costs over the past five years was detected in Southern and Eastern Europe. This is according to a recent Deutsche Bank report, which scrutinised 67 cities worldwide and 28 in Europe. According to Eurostat, house prices increased by 27.3% between the first quarters of 2020 and 2025, while rents rose by 12.5% from June 2020 to June 2025. But this report indicates that rent increases in city centres were significantly greater than this average. So, as of 2025, which European cities have the most expensive rents? Where are rents the most affordable? And which cities have seen the largest increases since 2020? Athens is the cheapest, London the most expensive In 2025, the monthly rent for a three-bedroom flat in the centre of 28 cities in Europe ranges from €1,080 in Athens to €5,088 (or £4,278) in London. European cities can be grouped into three categories based on rent levels: After London, the most expensive places to rent in Europe are Zurich, Geneva, and Amsterdam, all above €3,800. Swiss cities are the priciest, with rents over €4,250. Dublin, Luxembourg, Paris, Copenhagen, and Munich also have high rents, all above €3,000. These cities are major financial, political, or international centres, driving strong demand for housing. Several well-developed cities have mid-range rents between €2,000 and €3,000. Milan, Edinburgh, and Lisbon are on the higher end of this range. Madrid, Stockholm, Berlin, Frankfurt, and Barcelona are a bit more affordable, with average rents around €2,500. Birmingham, Brussels, Vienna, and Prague are closer to €2,100. These cities offer relatively lower living costs compared to the top tier. Only five European cities have average rents below €2,000. In addition to the lowest, Athens, they include Budapest (€1,225), Istanbul (€1,614), Warsaw (€1,881), and Helsinki (€1,928). These figures show that Western and Northern Europe have the highest rents. Strong economies, high living standards, and housing shortages are key factors in these cities. Southern and Central Europe have more mixed rent levels, while Eastern and Southeastern Europe remain the most affordable. When non-European countries are included in the report, New York stands out as an outlier with average rents of €7,676 ($8,388), while Cairo is the cheapest at just €377. Average salaries in the city centres of Dubai and Sydney exceed €4,000. This makes them more expensive than most European cities. Rents in Toronto, Seoul, Tokyo, Moscow, and Shanghai fall into the mid-range at around €2,500. Rents for a one-bedroom apartment in the centre Rent for a one-bedroom dwelling mostly follows the same pattern as three-bedroom. However, some cities change places in the ranking. The price ratios are also different. Still, London (€2,732 or £2,297) remains the most expensive in Europe, while Athens (€595) is the cheapest. In general, one-bedroom apartments cost about half as much as three-bedroom ones. This share rises to 64% in Oslo and 62% in San Francisco, but drops to 37% in Seoul. That's why San Francisco surpasses London in one-bedroom rent prices globally. Where rents increased the most The report shows figures in US dollars, but we converted them to euros for a fairer comparison. Changes may differ when viewed in local currencies. Between 2020 and 2025, monthly rent for a three-bedroom apartment in city centres across Europe increased by between 3% in Helsinki and 206% in Istanbul. In general, Southern and Eastern Europe experienced the strongest rent increases. Lisbon (81%), Prague (73%), and Edinburgh (71%) followed Istanbul, each with rises of over 70%. Rents also rose significantly in Spain—by 65% in Barcelona and 59% in Madrid. Athens and Warsaw were the other two European cities that saw just over 50% increases. Rent changes vary by apartment size For a one-bedroom apartment in the city centre, the highest and lowest rent increases across Europe between 2020 and 2025 were still seen in Istanbul (191%) and Helsinki (18%). The increase in Helsinki was higher compared to that for a three-bedroom flat (3%). In some cities, the rent increase was higher for three-bedroom apartments—such as Istanbul (15 percentage points more), Prague (23 pp), and Amsterdam (10 pp). Other cities saw greater increases for one-bedroom flats, including Milan (20 pp) and Warsaw (10 pp). 'Big cities, bigger housing costs' shows how housing prices can vary significantly within a country. For example, housing in London is 50% more expensive than the UK average. Income levels matter when discussing rent affordability. 'Europe's cities ranked by rent-to-salary ratio' article compares average incomes with rental costs.
Local France
2 days ago
- Business
- Local France
In Numbers: How the populations of European countries have changed
The EU population grew by almost 1.1 million in 2024, reaching an estimated 450.4 million residents on January 1st 2025, according to data published by the European statistical office Eurostat. The year 2024 was the fourth consecutive year of population growth in the EU, after a drop recorded during the pandemic. The increase is largely due to net migration (the difference between the number of people arriving and those leaving) rather than natural change (the difference between births and deaths). Only six EU countries – France and Sweden, together with Ireland, Cyprus, Luxembourg and Malta – recorded more births than deaths, in addition to positive net migration. Effects of migration Historically, the difference between births and deaths in the EU was positive – yet slowing – until 2011. Since 2012, more deaths than births were recorded but the total EU population has kept increasing due to positive net migration. Only during the Covid-19 pandemic was the negative natural change not compensated by migration, Eurostat says. In 2024, deaths (4.82 million) outnumbered births (3.56 million), resulting in a negative natural change of 1.3 million people. On the other hand, positive net migration was 2.3 million, lower than the almost 3 million of 2022. These factors together made up for a population increase of 1,070,702. On a country level, 19 EU member states saw their population growing while eight saw a decline. The highest growth rates compared to the total population were recorded in Malta (the smallest EU country by population, at 0.6 million), Portugal and Ireland. Denmark was the only EU country with zero natural change and its population was stable at around 5.9 million. Advertisement Except for Latvia, where people emigrating keep outnumbering those immigrating, all EU countries had positive net migration in 2024. In 13 EU countries (Belgium, Czechia, Denmark, Germany, Greece, Spain, Croatia, Lithuania, the Netherlands, Austria, Portugal, Slovenia and Finland), this was the reason for population growth. Largest countries Germany, France and Italy are the largest EU countries by population (19 percent, 15 percent and 13 percent respectively, and comprise almost half of all EU residents. In 2024, Germany had 83.5 million inhabitants compared to 83.4 in 2023, France 68.6 million compared to 68.4 the previous year, and Italy 59.7 million people, a slight decrease over 2023. Spain follows with 49 million people, compared to 48.6 in 2023. In Sweden, the total population reached 10.5 million, and Austria 9.1 million, both representing a slight increase compared to 2023. Norway followed a similar trend, at 5.5 million, and Switzerland's population reached 9 million people, compared to 8.9 in 2023. Advertisement Countries losing population In 2024, the population declined in eight EU countries (Bulgaria, Estonia, Italy, Latvia, Hungary, Poland, Romania and Slovakia), as the negative natural change was not offset by immigration. The largest declines were recorded in Latvia, Hungary, Poland and Estonia. Latvia was the only country with both negative natural change and negative net migration. Future trend The EU population grew by about 0.9 million each year between 2005 and 2024, compared to 3 million per year during the 1960s. In 1960, the population of the current EU countries was 354.5 million. In the future, due to the ageing population, the number of deaths is expected to further increase, and if fertility rates remain at current levels, the negative natural change could continue . This is in line with a global trend with a growing number of older adults and fewer under 25, according to an analysis by the Pew Research Centre . This also shows that Europe's median age is 43, making it the oldest region in the world.
