Cost Of Living in Frankfurt 2025
Average monthly spending for singles, couples, students, and families in Frankfurt
Whether you're living in Frankfurt or planning to move there, it is very important to know the cost of living and the prices of things. Here we list the average spending for the four main population groups.
Average Monthly Expenditure
Currency: EUR
Monthly Expenditure ▶ Single
Currency: EUR
Monthly Expenditure ▶ Couple
Currency: EUR
Monthly Expenditure ▶ Family
Currency: EUR
Monthly Expenditure ▶ Student
Currency: EUR
Prices and cost of goods and services in Frankfurt
Dining, food, and beverages costs
Fast food combo meal
Restaurant meal for one
Fine dining meal for one
Cappuccino or latte
Grocery and market costs
Milk large bottle
12 eggs
Fresh whole chicken
Pack of beef
Medium bag of rice
Bag of tomatos
Bag of apples
Commute, travel, and transportation costs
20 minutes taxi ride
Average car full tank
Average car 1-day rental
Average car price
| 11,000 EUR | 22,000 EUR | 30,000 EUR |
Bus ticket one way
Car Service
Utility cost (monthly)
Utility Bill - Individual
Utility Bill - Couple
Utility Bill - Family
Internet and cable
Mobile phone charges
Leisure and activities costs
Movie ticket
One month gym membership
Cloths and accessories costs
Pair of jeans or pants
Woman dress
Woman shoes
Men's shoes
Men suit
Regular t-shirt
Housing costs / monthly rent
Studio apartment
| 410 EUR | 620 EUR | 1,700 EUR |
1-bedroom apartment
| 630 EUR | 1,000 EUR | 2,500 EUR |
2-bedroom apartment
| 850 EUR | 1,300 EUR | 3,400 EUR |
Housing costs / Buying
Studio apartment
| 85,000 EUR | 130,000 EUR | 260,000 EUR |
| $92,000 | $140,000 | $280,000 |
1-bedroom apartment
| 100,000 EUR | 170,000 EUR | 650,000 EUR |
| $110,000 | $190,000 | $700,000 |
2-bedroom apartment
| 170,000 EUR | 500,000 EUR | 990,000 EUR |
Furniture Costs
King Size Bed
Double Bed
Single Bed
Living Room
| 520 EUR | 670 EUR | 2,400 EUR |
Dining Table
Sofa or Couch
Electronics and House Appliance Costs
TV Set
Fridge or Freezer
Washing Machine
Stove or Cooker
Mobile Phone
Laptop or Computer
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.
Singles
The average monthly expense for a single person living in Frankfurt is 3,200 EUR. Expenses can range from 460 EUR at the minimum level to 36,000 EUR at the highest end.
Couples
The average monthly spending of couples in Frankfurt is 4,700 EUR. Expenditure can range from 730 EUR to 44,000 EUR per month.
Families
The average cost of living for families in Frankfurt is 5,500 EUR per month. Families spend anywhere from 1,100 EUR to 55,000 EUR.
Students
The average monthly expenditure for students in Frankfurt is 2,300 EUR. Students spend from 350 EUR to 25,000 EUR per month.
Spending behavior can change drastically from one person to another. It is best to consider the minimum, average, and maximum spending together.
Affordable living in Frankfurt
Income and cost of living compatibility
We asked residents one simple question and recorded their answers.
Is it affordable or economical to live in Frankfurt?
Around 76% of surveyed residents think that living in Frankfurt is affordable with proper budgeting while 24% reported that it is just too expensive and not affordable even with frugality and thriftness.
Housing costs, accommodation, and housing affordability in Frankfurt
Rental costs and house/apartment prices can vary drastically between different areas and locations.
Rent Cost in Frankfurt
Monthly Rent Prices
Studio apartment monthly rent cost
| 410 EUR | 620 EUR | 1,700 EUR |
1-bedroom apartment monthly rent cost
| 630 EUR | 1,000 EUR | 2,500 EUR |
2-bedroom apartment monthly rent cost
| 850 EUR | 1,300 EUR | 3,400 EUR |
3-bedroom apartment monthly rent cost
| 1,000 EUR | 1,700 EUR | 4,700 EUR |
Furnished apartment monthly rent cost
| 2,000 EUR | 5,000 EUR | 10,000 EUR |
Townhouse monthly rent cost
| 1,700 EUR | 2,500 EUR | 7,100 EUR |
House monthly rent cost
| 2,000 EUR | 5,000 EUR | 10,000 EUR |
Villa monthly rent cost
| 2,500 EUR | 6,200 EUR | 9,900 EUR |
The monthly rental cost of a studio apartment in Frankfurt ranges between 410 EUR and 1,700 EUR, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 630 EUR to 2,500 EUR. Two-bedroom rentals rate ranges between 850 EUR and 3,400 EUR per month. The monthly rental for a three-bedroom apartment ranges from 1,000 EUR to 4,700 EUR. The average rent of a townhouse in Frankfurt is around 2,500 EUR while house rental costs can be as high as 5,000 EUR per month. Finally, if you want to rent a villa, expect to pay anywhere from 2,500 EUR to 9,900 EUR per month.
Apartment and house prices in Frankfurt
Cost of buying a property
Studio apartment price
| 85,000 EUR | 130,000 EUR | 260,000 EUR |
| $92,000 | $140,000 | $280,000 |
1-bedroom apartment price
| 100,000 EUR | 170,000 EUR | 650,000 EUR |
| $110,000 | $190,000 | $700,000 |
2-bedroom apartment price
| 170,000 EUR | 500,000 EUR | 990,000 EUR |
3-bedroom apartment price
| 560,000 EUR | 840,000 EUR | 2.5M EUR |
Townhouse price
| 730,000 EUR | 1.7M EUR | 6.4M EUR |
House price
| 870,000 EUR | 5.2M EUR | 7.4M EUR |
Villa price
The average price of a studio apartment in Frankfurt can range from 85,000 EUR to 260,000 EUR depending on location. One bedroom cost can be anywhere from 100,000 EUR to 650,000 EUR. A villa can cost you 5.8M EUR on average with prices ranging from 1M EUR to 8.6M EUR.
If you're leasing or purchasing, housing costs in Frankfurt will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.
House / apartment prices to income ratio
Property price to income ratio
( average property price / average monthly income ) x 100
| 57 | x168 monthly income | 269 |
Property prices in Frankfurt can be x168 to x269 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x168 multiples of the average monthly salary in Frankfurt.
Rent to income ratio
Rent to income ratio
( monthly rental / monthly income ) x 100
The average rent-to-income ratio in Frankfurt is around 38%. This means that people pay 38% of their income for rent. Those figures can range from 27% to 49% depending on the salary, location, and type of property.
The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.
Housing affordability index
The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.
Housing Affordability Index
32% Property Taxes
Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.
Home Maintenance Costs
Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.
Urban vs. rural living costs
Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.
A typical and healthy budgeting structure
The 50/30/20 rule
Spending among different people can vary significantly based on factors such as their income, lifestyle,
location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule,
which suggests allocating your income into three main categories in the following percentages.
50% for needs and financial obligations
This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.
30% for wants and discretionary spending
This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.
20% for savings and emergency fund
This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.
About financial planning, money management, and household budgeting
The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.
Financial goals of people in Frankfurt
In an attempt to understand the economic situation in Frankfurt, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.
| Financial Goal | % People |
|---|
| Emergency Fund | 7% |
| Debt Reduction | 34% |
| Retirement Savings | 8% |
| Education Funding | 8% |
| Homeownership | 17% |
| Investing | 8% |
| Travel or Lifestyle | 10% |
| Healthcare Expenses | 10% |
| Financial Independence | 8% |
Around 7% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 34% said their number one priority is to pay off high-interest debt or loans and improve credit. 8% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 8% reported that their priority is saving for the tuition fees and education costs of their children while 17% choose to buy a home or pay off existing mortgage before other things. 8% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 10% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 10% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.
How do people spend their money in Frankfurt?
We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.
The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.
Housing Expenditure26%
26% of total expenses on average (15% to 34%)
| LOW | $110 110 EUR |
| AVERAGE | $1,100 1,100 EUR |
| HIGH | $17,000 16,000 EUR |
| Per Month |
People living in Frankfurt typically spend from 15% to 34% of their total monthly expenditure on housing with 26% being the average. The average spend on housing is 1,100 EUR with expenditure ranging from 110 EUR to 16,000 EUR. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.
Utilities, Electricity, Water, Internet, Mobile7%
7% of total expenses on average (4% to 11%)
| LOW | $18 16 EUR |
| AVERAGE | $180 160 EUR |
| HIGH | $2,700 2,500 EUR |
| Per Month |
Utility expenditure like electricity, water, and gas in Frankfurt ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 160 EUR with 16 EUR and 2,500 EUR being the upper and lower limits.
Transport, Fuel, Commute8%
8% of total expenses on average (4% to 12%)
| LOW | $37 34 EUR |
| AVERAGE | $370 340 EUR |
| HIGH | $5,600 5,100 EUR |
| Per Month |
Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 34 EUR to 5,100 EUR on commuting with 340 EUR being the norm for most people in one month. This means that money spent on transport constitutes about 8% of total spending on average but can go as low as 4% or as high as 12%.
Food and Groceries Cost27%
27% of total expenses on average (19% to 33%)
| LOW | $92 84 EUR |
| AVERAGE | $920 840 EUR |
| HIGH | $14,000 13,000 EUR |
| Per Month |
The average outlay on groceries in a month in Frankfurt is 840 EUR. The cost of groceries can range between 84 EUR to 13,000 EUR. People spend on average about 27% on food and groceries with upper and lower bounds of 19% and 33% respectively.
Healthcare and Medical Services9%
9% of total expenses on average (4% to 12%)
| LOW | $24 22 EUR |
| AVERAGE | $240 220 EUR |
| HIGH | $3,600 3,300 EUR |
| Per Month |
People in Frankfurt allocate 4% to 12% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 9%. The range of medical expenses range from 22 EUR to 3,300 EUR with 220 EUR being the norm.
Leisure and Shopping5%
5% of total expenses on average (3% to 9%)
| LOW | $15 14 EUR |
| AVERAGE | $150 140 EUR |
| HIGH | $2,200 2,000 EUR |
| Per Month |
This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 14 EUR to 2,000 EUR with 140 EUR being the average. Speaking of percentages, that equates to 3% to 9% of total expenses with an average of 5% for most residents.
Education and Schooling6%
6% of total expenses on average (4% to 12%)
| LOW | $22 20 EUR |
| AVERAGE | $220 200 EUR |
| HIGH | $3,300 3,000 EUR |
| Per Month |
Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 6% of the monthly expenditure with 4% and 12% being the lower and upper bounds respectively. The average reported education cost is 200 EUR per month with 20 EUR being the minimum spent amount and 3,000 EUR being the maximum.
Other Expenses12%
12% of total expenses on average (7% to 19%)
| LOW | $49 45 EUR |
| AVERAGE | $490 450 EUR |
| HIGH | $7,400 6,800 EUR |
| Per Month |
Saving Challenges in Frankfurt
Reasons that make it difficult for people to save money
We wanted to understand what is stopping people from maximizing their savings in Frankfurt. Listed below are the answers given by the survey participants.
| Reason | % People |
|---|
| Low Income | 6% |
| High Expenses | 9% |
| Debt and Loans | 17% |
| Lack of Budgeting Skills | 11% |
| Impulsive Spending | 10% |
| Financial Emergencies | 6% |
| Living the moment | 6% |
| Will do it later | 18% |
| Inflation | 11% |
| Social Pressure | 3% |
| Market Instability | 3% |
Around 6% of the people said that their salary is too low to accommodate a portion for savings while 9% said that the high cost of living leaves little room for savings. 17% of the residents said that they are burdened with debt and find it challenging to save money. 11% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 10% blamed impulsive spending as the reason for saving inability. Around 6% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 18% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 11% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.
How much money can you save in Frankfurt every month?
We asked thousands of people what percentage of their income can they save in a month. Below are the answers.
What percentage of people in Frankfurt manage to save money from their income every month?
Almost 71% of the surveyed people in Frankfurt said that they can save some money at the end of each month while 29% said that aren't saving anything.
Percentage of people saving money by population group in Frankfurt
| Group | Savers | Non Savers |
|---|
| Singles | 77% | 23% |
| Couples | 74% | 26% |
| Families | 67% | 34% |
Savings-to-Income Ratio
The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.
Saving to Income Ratio
Average Monthly Saved Amount
150 EUR
$160 | 1,500 EUR
$1,600 | 22,000 EUR
$24,000 |
For most people, 15% to 38% of their monthly income is what they can allocate to their savings, with 25% being the average. The amount of money that people can save is approximately 1,500 EUR on average with savings ranging from 150 EUR to 22,000 EUR.
77% of surveyed singles reported some of their income going to savings while 74% of couples said the same. 67% of families confirmed their ability to save money.
How much money do people actually save in Frankfurt?
The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.
Singles
Saving to Income Ratio
Average Monthly Saved Amount
150 EUR
$160 | 1,300 EUR
$1,400 | 15,000 EUR
$16,000 |
Savings to income distribution levels for singles
| Saving To Income Ratio | % Singles |
|---|
| 0% - 10% | 29% |
| 10% - 20% | 23% |
| 20% - 30% | 16% |
| 30% - 40% | 16% |
| 40% - 50% | 12% |
| > 50% | 4% |
Interpretation and Analysis
Singles who can afford to save reported that they allocate from 19% to 40% of their monthly income to savings, with 30% being the average for most singles. The average amount of money that singles are able to save is 1,300 EUR with 150 EUR and 15,000 EUR being the minimum and maximum respectively.
Couples
Saving to Income Ratio
Average Monthly Saved Amount
300 EUR
$320 | 1,900 EUR
$2,100 | 18,000 EUR
$19,000 |
Savings to income distribution levels for couples
| Saving To Income Ratio | % Couples |
|---|
| 0% - 10% | 33% |
| 10% - 20% | 25% |
| 20% - 30% | 19% |
| 30% - 40% | 11% |
| 40% - 50% | 9% |
| > 50% | 3% |
Interpretation and Analysis
Couples who confirmed their ability to save reported saving equivalent to 17% to 39% of their monthly income, with 28% being the average for most couples. The average amount of money that couples can save is 1,900 EUR with 300 EUR and 18,000 EUR being the minimum and maximum respectively.
Families
Saving to Income Ratio
Average Monthly Saved Amount
450 EUR
$490 | 2,200 EUR
$2,400 | 22,000 EUR
$24,000 |
Savings to income distribution levels for families
| Saving To Income Ratio | % Families |
|---|
| 0% - 10% | 36% |
| 10% - 20% | 28% |
| 20% - 30% | 20% |
| 30% - 40% | 8% |
| 40% - 50% | 6% |
| > 50% | 2% |
Interpretation and Analysis
Families in Frankfurt can save anywhere between 14% to 33% of their monthly income, with 23% being the average for most families. The average amount of money that families can put aside is 2,200 EUR with 450 EUR and 22,000 EUR being the minimum and maximum respectively.
Emergency Funds
An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked residents whether they have an emergency fund and the answers were as follows.
Yes73%
No27%
Based on the survey, 27% of the people living in Frankfurt said that they don't have an emergency fund while 73% said that they do.
Retirement, pension plans, and life after work in Frankfurt
What does the retirement lifestyle look like in Frankfurt and how much retirement savings are required?
Retirement age
The retirement age for most employees in is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.
Retirement planning and savings
There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.
The typical saved amount of money you should have at every age as multiples of monthly salary:| Age | Amount |
|---|
| 25 | 5x monthly salary at age 25 |
| 30 | 10x monthly salary at age 30 |
| 35 | 15x monthly salary at age 35 |
| 40 | 25x monthly salary at age 40 |
| 45 | 32x monthly salary at age 45 |
| 50 | 48x monthly salary at age 50 |
| 55 | 56x monthly salary at age 55 |
| 60 | 64x monthly salary at age 60 |
| 65 | 78x monthly salary at age 65 |
The typical average saved amount of money you should have at every age in Frankfurt:| Age | Amount |
|---|
| 25 | 8,800 EUR |
| 30 | 18,000 EUR |
| 35 | 32,000 EUR |
| 40 | 46,000 EUR |
| 45 | 66,000 EUR |
| 50 | 94,000 EUR |
| 55 | 110,000 EUR |
| 60 | 140,000 EUR |
| 65 | 160,000 EUR |
Retirement Income Distribution
We asked residents about their retirement income sources and below are the results.
| Source | % People |
|---|
| Pensions | 13% |
| Savings | 22% |
| Investments | 13% |
| Social Security | 8% |
| Annuities | 8% |
| Part-time Job | 11% |
| Real Estate | 17% |
| Dividends and Interest | 8% |
Retirement Monthly Expenses in Frankfurt 260 EUR
$280 | 2,300 EUR
$2,500 | 26,000 EUR
$28,000 |
Low-cost alternatives in Frankfurt
People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked residents how easily cost-cutting is and the answers were distributed as follows:
Plenty of low-cost options61%
Few low-cost options39%
Based on the survey, 61% of the people living in Frankfurt have no problem finding low-cost alternatives to support a frugal lifestyle while 39% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.
Typical saving choices for people in Frankfurt
Where do people choose to put their savings?
| Saving Type | % People |
|---|
| Emergency Funds | 11% |
| Gold | 10% |
| Savings Accounts | 17% |
| Retirement Accounts | 11% |
| Cash Savings | 17% |
| Real Estate | 10% |
| Investment | 6% |
| Stocks | 6% |
| Bonds | 6% |
| Mutual Funds | 3% |
| Certificates of Deposit | 3% |
Expenditure to Income Ratio in Frankfurt
One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in.
Spending to Income Ratio
88%
78% to 99%
( expenditure / income ) x 100
Expense to income distribution levels
| Spending To Income Ratio | % People |
|---|
| < 50% | 6% |
| 50% - 60% | 11% |
| 60% - 70% | 18% |
| 70% - 80% | 26% |
| 80% - 90% | 16% |
| 90% - 100% | 9% |
| 100% - 110% | 5% |
| 110% - 120% | 3% |
| 120% - 130% | 2% |
| 130% - 140% | 2% |
| > 140% | 1% |
Interpretation and Analysis
The average spending-to-salary ratio in Frankfurt is 88%
This means that on average, people spend around 88% of their income for living.
According to the distribution table, 18% of the population spend approximately 60% to 70% of their income every month.
How can spending be more than income?
A value higher than 100% means that the expenditure of those people is higher than their income. They are spending more than what they earn. This is possible in two scenarios. They are either borrowing from their savings to survive or they are borrowing from other sources (relatives, friends, banks, etc.). More about this in the debt section.
Individual
80%
Spending-Income-Ratio
72%
90%
Couple
86%
Spending-Income-Ratio
77%
97%
Family
91%
Spending-Income-Ratio
81%
100%
Financial Literacy in
Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.
Financial Leteracy71%
We asked residents of whether they acquired any adequate personal financial training in their lives. Approximately 29% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 71% said that they know about the general principles of personal finance from sources other than their own experience.
Difficulty in Budgeting and Financial Planning
We wanted to understand whether residents of have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 28% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 72% said that they have everything under control.
Struggles with finance28%
Easily manages finances72%
Debt, loans, and mortgages in Frankfurt
Percentage of people who are in debt
According to the survey, 27% of the people in Frankfurt have some kind of debt, loan, mortgage, or credit card payments while 73% reported that they don't have financial obligations to banks.
Debt-to-income ratio in Frankfurt
Debt to income ratio
26%
17% to 36%
( monthly debt payment / monthly income ) x 100
Interpretation
The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 26% of the people's monthly income in Frankfurt goes to debt settlement.
Debt levelsMonthly debt settlement payment as percentage of monthly income
| Debt-to-income ratio | % People |
|---|
| > 60% | 3% |
| 50% - 60% | 13% |
| 40% - 50% | 12% |
| 30% - 40% | 14% |
| 20% - 30% | 14% |
| 10% - 20% | 17% |
| 0% - 10% | 27% |
According to our data, 3% of the debtors in Frankfurt pay 60%+ of their income as debt settlement while 13% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 12% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 14% dedicated 30% to 40% of income for same. Things are looking brighter for 14% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.
Distribution by type of debt in Frankfurt
| Debt | % People |
|---|
| Real Estate Mortgage | 12% |
| Auto Loan | 21% |
| Student Loan | 3% |
| Credit Card | 26% |
| Personal Loan | 38% |
12% of debtors in Frankfurt confirm that real estate mortgages constitutes the main part of their outstanding debt while 26% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 21% of people and personal loans rose at 38%. Lastly, student loans are the main source of debt for 3% of debtors in Frankfurt.
About credit score and debt managementManaging debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.
Good debt vs. Bad debt
Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.
Loan Affordability Index in Frankfurt
Besides measuring the loan-to-income ratio, we asked residents how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.
Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.
| Frequency | % People |
|---|
| Never | 54% |
| Once a year | 22% |
| Twice a year | 12% |
| Three times a year | 8% |
| Four times a year | 4% |
Monthly costs and expenses of energy and basic utilities in Frankfurt
Utilities expenditure can vary slightly between different areas and locations.
Energy, electricity, water, gas, internet, and mobile cost in Frankfurt
Utility Bill Cost / Electricity + Water + Gas / Individual
Utility Bill Cost / Electricity + Water + Gas / Couple
Utility Bill Cost / Electricity + Water + Gas / Family
Internet and cable cost
Mobile phone bill and charges
Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.
The average monthly expenditure for individuals on electricty, water, and gas in Frankfurt ranges between 25 EUR and 2,000 EUR with average being 180 EUR, meanwhile the expenditure of couples is slightly higher at 190 EUR with 26 EUR and 2,200 EUR being the upper and lower limits respectively. As expected, the energy and water consumption of families is the highest among the three groups with an average of 250 EUR. The cost of internet and WiFi is unchanged among the three groups and ranges from 23 EUR to 62 EUR with 47 EUR being the average internet bill. Finally, the average monthly mobile charges is around 28 EUR but can range between 17 EUR and 83 EUR depending on consumption. Mobile charges include both calling minutes as well as data packages.
Energy / Utility expense to income ratio
( monthly utility expenses / monthly income ) x 100
The average utility-to-income ratio in Frankfurt is around 4.4%. This means that people pay 4.4% of their income for energy, water, internet, and mobile charges. Those figures can range from 1.1% to 8.8% depending on salary and location.
Food Prices, Dining Expenses, and Grocery Costs in Frankfurt
Grocery / Food expenditure and prices can vary drastically between different areas and locations.
Prices and cost of goods and services in Frankfurt
Dining out, food, and beverages costs. Price variations for common food items.
Fast food combo meal price
The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Frankfurt is approximatly 9.1 EUR with meal cost ranging from 4.5 EUR to 15 EUR. The typical combo meal consists of a burger, french fries, and a drink.
Restaurant meal for one price
If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 16 EUR and 47 EUR with 23 EUR being the average price of a plate for one person at a regular restaurant in Frankfurt.
Fine dining meal for one price
The price range of a meal at fine-dining restaurant is 30 EUR to 180 EUR with the average cost being 45 EUR for one person. This is what you would expect to pay a top-tier diner in Frankfurt.
Beverage prices, cappuccino, latte etc..
The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Frankfurt is around 6.2 EUR. Price ranges between 3.9 EUR and 9.3 EUR depending on the type of beverage, the size, and optional add-ons.
Grocery and market costs
Large bottle of milk price
The average price of a large bottle of milk in Frankfurt is 3.7 EUR. The maximum what you would pay for milk is 4.7 EUR and the minimum being 3.1 EUR depending on the brand of milk and other properties.
12 eggs price
A dozen eggs costs around 3 EUR on average with 2.3 EUR and 4.5 EUR being the lower and upper limits respectively.
Fresh whole chicken price
The price range of a fresh whole chicken in Frankfurt is between 5.3 EUR and 9.7 EUR depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 6.9 EUR.
Pack of beef price
The price of a regular pack of beef or meat is around 9.6 EUR. A pack of beef contains around 1Kg or 1lb depending on packing.
Medium bag of rice price
A bag of rice in Frankfurt costs around 3.3 EUR on average with prices rangeing between 2.4 EUR and 4.7 EUR depending on the brand and quality.
Bag of tomatos price
A bag of tomatoes costs anywhere from 0.91 EUR to 2.3 EUR. A bag of tomatoes denotes 1Kg or 1lb depending on location.
Bag of apples price
A bag of apples costs 2.1 EUR on average. A bag of apples denotes 1Kg or 1lb depending on location.
Grocery and food expenditure to income ratio
( monthly grocery expenses / monthly income ) x 100
The average grocery-to-income ratio in Frankfurt is around 27%. This means that people spend 27% of their income on grocery and basic household items. The expenditure can range from 19% to 34% depending on salary and location.
Expenditure on food and grocery for every population group
A single person living alone spends approximately 490 EUR per month on grocery and food with expenditure fluctuating between 69 EUR and 5,400 EUR depending on location and the type of person. The average cost of food and groceries for a couple is around 610 EUR per month. That number can be get as low as 95 EUR or a high as 5,700 EUR. Families' spending on grocery ranges from 180 EUR to 9,100 EUR with the location, income, and size of the family being the most determinite factors.
Cost of living comparison by city
#1 Nurnberg
The average cost of living in Nurnberg is 2,000 EUR, which is 33% less than the country average. Nurnberg is ranked first in Germany in terms of expendenture and cost of living.
#2 Hannover
The average cost of living in Hannover is 2,100 EUR, which is 33% less than the country average. Hannover is ranked second in Germany in terms of expendenture and cost of living.
#3 Dresden
The average cost of living in Dresden is 2,300 EUR, which is 33% less than the country average. Dresden is ranked third in Germany in terms of expendenture and cost of living.
#4 Leipzig
The average cost of living in Leipzig is 2,400 EUR, which is 33% less than the country average. Leipzig is ranked fourth in Germany in terms of expendenture and cost of living.
#5 Dortmund
The average cost of living in Dortmund is 2,600 EUR, which is 33% less than the country average. Dortmund is ranked fifth in Germany in terms of expendenture and cost of living.
#6 Bremen
The average cost of living in Bremen is 2,800 EUR, which is 33% less than the country average. Bremen is ranked sixth in Germany in terms of expendenture and cost of living.
#7 Essen
The average cost of living in Essen is 2,900 EUR, which is 33% less than the country average. Essen is ranked seventh in Germany in terms of expendenture and cost of living.
#8 Stuttgart
The average cost of living in Stuttgart is 3,100 EUR, which is same as the country average. Stuttgart is ranked eighth in Germany in terms of expendenture and cost of living.
#9 Dusseldorf
The average cost of living in Dusseldorf is 3,300 EUR, which is same as the country average. Dusseldorf is ranked ninth in Germany in terms of expendenture and cost of living.
#10 Frankfurt
The average cost of living in Frankfurt is 3,500 EUR, which is same as the country average. Frankfurt is ranked tenth in Germany in terms of expendenture and cost of living.
#11 Koln
The average cost of living in Koln is 3,700 EUR, which is same as the country average. Koln is ranked eleventh in Germany in terms of expendenture and cost of living.
#12 Munchen
The average cost of living in Munchen is 4,000 EUR, which is 33% more than the country average. Munchen is ranked twelfth in Germany in terms of expendenture and cost of living.
#13 Hamburg
The average cost of living in Hamburg is 4,200 EUR, which is 33% more than the country average. Hamburg is ranked thirteenth in Germany in terms of expendenture and cost of living.
#14 Berlin
The average cost of living in Berlin is 4,500 EUR, which is 33% more than the country average. Berlin is ranked fourteenth in Germany in terms of expendenture and cost of living.
Published: May 4, 2024 Last Update: March 10, 2025
