Cost Of Living For a Single Person in Nurnberg 2024

Single person cost of living chart - individual average monthly expenditure in Nurnberg

Average Monthly Expenditure

Currency: EUR
310 2,200 15,000
MINIMUM AVERAGE MAXIMUM
$340 $2,400 $16,000

Average monthly spending for a single person or individual in Nurnberg

How much money does an individual need in a month to survive in Nurnberg?

A single person in Nurnberg spends around 2,200 EUR per month on average. Depending on the lifestyle, a single individual can survive with a monthly budget as low as 310 EUR or as high as 15,000 EUR. Location and income are very important factors and have a huge influence on expenditure and budget.


Prices and cost of goods and services in Nurnberg


Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Nurnberg

Dining, food, and beverages costs


Fast food combo meal

3.9 EUR 7.9 EUR 13 EUR
MINIMUM AVERAGE MAXIMUM
$4.3 $8.5 $14

Restaurant meal for one

12 EUR 18 EUR 37 EUR
MINIMUM AVERAGE MAXIMUM
$13 $20 $40

Fine dining meal for one

25 EUR 37 EUR 150 EUR
MINIMUM AVERAGE MAXIMUM
$27 $40 $160

Cappuccino or latte

3.3 EUR 5.3 EUR 7.9 EUR
MINIMUM AVERAGE MAXIMUM
$3.6 $5.7 $8.5

Grocery and market costs


Milk large bottle

2.6 EUR 3.2 EUR 3.9 EUR
MINIMUM AVERAGE MAXIMUM
$2.8 $3.4 $4.3

12 eggs

2 EUR 2.6 EUR 3.9 EUR
MINIMUM AVERAGE MAXIMUM
$2.1 $2.8 $4.3

Fresh whole chicken

4.5 EUR 5.8 EUR 8.2 EUR
MINIMUM AVERAGE MAXIMUM
$4.9 $6.3 $8.9

Pack of beef

5.3 EUR 7.9 EUR 16 EUR
MINIMUM AVERAGE MAXIMUM
$5.7 $8.5 $17

Medium bag of rice

2.1 EUR 2.9 EUR 4.1 EUR
MINIMUM AVERAGE MAXIMUM
$2.3 $3.1 $4.5

Bag of tomatos

0.79 EUR 1.1 EUR 2 EUR
MINIMUM AVERAGE MAXIMUM
$0.85 $1.1 $2.1

Bag of apples

1.4 EUR 1.8 EUR 3 EUR
MINIMUM AVERAGE MAXIMUM
$1.5 $2 $3.3
Chart showing the prices and cost of commute, travel, and transportation in Nurnberg


Commute, travel, and transportation costs


20 minutes taxi ride

3.1 EUR 3.7 EUR 7.4 EUR
MINIMUM AVERAGE MAXIMUM
$3.3 $4 $8

Average car full tank

20 EUR 26 EUR 53 EUR
MINIMUM AVERAGE MAXIMUM
$21 $28 $57

Average car 1-day rental

17 EUR 23 EUR 34 EUR
MINIMUM AVERAGE MAXIMUM
$19 $25 $37

Average car price

9,800 EUR 20,000 EUR 26,000 EUR
MINIMUM AVERAGE MAXIMUM
$11,000 $21,000 $28,000

Bus ticket one way

0.57 EUR 0.86 EUR 1.7 EUR
MINIMUM AVERAGE MAXIMUM
$0.62 $0.93 $1.9

Car Service

23 EUR 34 EUR 69 EUR
MINIMUM AVERAGE MAXIMUM
$25 $37 $75
Chart showing the prices and cost of utility, energy, water, and gas in Nurnberg


Utility cost (monthly)


Utility Bill - Individual

19 EUR 130 EUR 880 EUR
MINIMUM AVERAGE MAXIMUM
$20 $140 $960

Internet and cable

20 EUR 39 EUR 53 EUR
MINIMUM AVERAGE MAXIMUM
$21 $43 $57

Mobile phone charges

16 EUR 26 EUR 79 EUR
MINIMUM AVERAGE MAXIMUM
$17 $28 $85

Leisure and activities costs


Movie ticket

9.8 EUR 13 EUR 20 EUR
MINIMUM AVERAGE MAXIMUM
$11 $14 $21

One month gym membership

28 EUR 34 EUR 69 EUR
MINIMUM AVERAGE MAXIMUM
$30 $37 $75
Chart showing the prices and cost of clothing and accessories in Nurnberg


Cloths and accessories costs


Pair of jeans or pants

20 EUR 29 EUR 43 EUR
MINIMUM AVERAGE MAXIMUM
$22 $31 $47

Woman dress

19 EUR 26 EUR 86 EUR
MINIMUM AVERAGE MAXIMUM
$21 $29 $93

Woman shoes

18 EUR 25 EUR 57 EUR
MINIMUM AVERAGE MAXIMUM
$20 $27 $62

Men's shoes

16 EUR 19 EUR 38 EUR
MINIMUM AVERAGE MAXIMUM
$17 $21 $42

Men suit

17 EUR 22 EUR 110 EUR
MINIMUM AVERAGE MAXIMUM
$19 $23 $120

Regular t-shirt

8.6 EUR 11 EUR 34 EUR
MINIMUM AVERAGE MAXIMUM
$9.3 $12 $37
Chart showing the prices and cost of housing, accommodation, and rent in Nurnberg


Housing costs / monthly rent


Studio apartment

290 EUR 430 EUR 1,100 EUR
MINIMUM AVERAGE MAXIMUM
$310 $470 $1,200

1-bedroom apartment

430 EUR 690 EUR 1,700 EUR
MINIMUM AVERAGE MAXIMUM
$470 $750 $1,900

2-bedroom apartment

570 EUR 860 EUR 2,300 EUR
MINIMUM AVERAGE MAXIMUM
$620 $930 $2,500

Housing costs / Buying


Studio apartment

57,000 EUR 86,000 EUR 170,000 EUR
MINIMUM AVERAGE MAXIMUM
$62,000 $93,000 $190,000

1-bedroom apartment

69,000 EUR 110,000 EUR 430,000 EUR
MINIMUM AVERAGE MAXIMUM
$75,000 $120,000 $470,000

2-bedroom apartment

110,000 EUR 340,000 EUR 690,000 EUR
MINIMUM AVERAGE MAXIMUM
$120,000 $370,000 $750,000
Chart showing the prices and cost of furniture in Nurnberg


Furniture Costs


King Size Bed

390 EUR 490 EUR 660 EUR
MINIMUM AVERAGE MAXIMUM
$430 $530 $710

Double Bed

260 EUR 390 EUR 490 EUR
MINIMUM AVERAGE MAXIMUM
$280 $430 $530

Single Bed

230 EUR 300 EUR 390 EUR
MINIMUM AVERAGE MAXIMUM
$250 $330 $430

Living Room

440 EUR 560 EUR 2,000 EUR
MINIMUM AVERAGE MAXIMUM
$470 $610 $2,100

Dining Table

200 EUR 260 EUR 490 EUR
MINIMUM AVERAGE MAXIMUM
$210 $280 $530

Sofa or Couch

260 EUR 360 EUR 790 EUR
MINIMUM AVERAGE MAXIMUM
$280 $390 $850
Chart showing the prices and cost of electronic devices and appliances in Nurnberg


Electronics and House Appliance Costs


TV Set

260 EUR 390 EUR 790 EUR
MINIMUM AVERAGE MAXIMUM
$280 $430 $850

Fridge or Freezer

230 EUR 360 EUR 490 EUR
MINIMUM AVERAGE MAXIMUM
$250 $390 $530

Washing Machine

300 EUR 440 EUR 790 EUR
MINIMUM AVERAGE MAXIMUM
$330 $470 $850

Stove or Cooker

280 EUR 360 EUR 490 EUR
MINIMUM AVERAGE MAXIMUM
$310 $390 $530

Mobile Phone

330 EUR 390 EUR 560 EUR
MINIMUM AVERAGE MAXIMUM
$360 $430 $610

Laptop or Computer

360 EUR 440 EUR 790 EUR
MINIMUM AVERAGE MAXIMUM
$390 $470 $850
Single person or Individual cost of living and expenditure to income ratio in Nurnberg

Single person expenditure to income ratio in Nurnberg

Analysing the how affordable it is for an individual to live in Nurnberg

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. Individuals usually spend a larger chunk of their income than other population groups. A typical and healthy expenditure percentage for a single individual ranges between 70% to 80%.


Spending to Income Ratio

61%

54% to 68%

( expenditure / income ) x 100


Individuals in Nurnberg spend around 61% of their monthly income. Some individuals spend as low as 54% of their income while some as high as 68%.

Distribution of monthly cost of living expenses of a single person in Nurnberg

How do individuals spend their money in Nurnberg?

We asked thousands of individuals about their spending habits and expenditure break down.


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 and accomodation expenditure for individuals

Accomodation Cost31%

31% of total expenses on average (19% to 43%)

LOW$120   110 EUR
AVERAGE$860   790 EUR
HIGH$5,700   5,300 EUR
Per Month

Individuals in Nurnberg typically spend from 19% to 43% of their total monthly expenditure on housing with 31% being the average. The average monthly spend on housing is 790 EUR with expenditure ranging from 110 EUR to 5,300 EUR. This cost mainly goes for rent but it also includes other accommodation-related expenses.

Electricity, utilities, energy, water, internet, and mobile expenditure for individuals

Cost of utilities8%

8% of total expenses on average (4% to 13%)

LOW$20   19 EUR
AVERAGE$140   130 EUR
HIGH$960   880 EUR
Per Month

Utility expenditure like electricity, water, and gas in Nurnberg ranges from 4% to 13% of total expenses with 8% being the average for most individuals. The average monthly cost of utilities is 130 EUR with 19 EUR and 880 EUR being the upper and lower limits for a single person.

Transport, fuel, and commute expenditure for individuals

Cost of transport and fuel6%

6% of total expenses on average (4% to 12%)

LOW$27   25 EUR
AVERAGE$190   180 EUR
HIGH$1,300   1,200 EUR
Per Month

Fuel consumption and cost of transport depend heavily on whether a single person resides near school and work, but roughly speaking a single person would expect to spend from 25 EUR to 1,200 EUR in a month on commuting with 180 EUR being the norm for most individuals. This means that money spent on transport constitutes about 6% of total spending on average but can go as low as 4% or as high as 12%.

Food, groceries, and basic shopping expenditure for individuals

Food and Groceries Cost18%

18% of total expenses on average (12% to 23%)

LOW$54   50 EUR
AVERAGE$380   350 EUR
HIGH$2,600   2,400 EUR
Per Month

The average outlay on groceries and basic houshold items for a typical person in a month in Nurnberg is 350 EUR. The cost of groceries can range between 50 EUR to 2,400 EUR. Individuals spend on average about 18% on food and groceries with upper and lower bounds of 12% and 23% respectively.

Healthcare and medical services expenditure for individuals

Cost of healthcare11%

11% of total expenses on average (5% to 15%)

LOW$31   28 EUR
AVERAGE$220   200 EUR
HIGH$1,400   1,300 EUR
Per Month

Individuals in Nurnberg allocate 5% to 15% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 11%. The range of medical expenses range from 28 EUR to 1,300 EUR with 200 EUR being the norm for most individuals.

Leisure and shopping expenditure for individuals

Cost of leisure and shopping3%

3% of total expenses on average (3% to 6%)

LOW$17   16 EUR
AVERAGE$120   110 EUR
HIGH$800   730 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 16 EUR to 730 EUR with 110 EUR being the average. Speaking of percentages, that equates to 3% to 6% of total expenses with an average of 3% for most individuals.

Education and schooling expenditure for individuals

Cost of education and schooling2%

2% of total expenses on average (1% to 4%)

LOW$6.8   6.3 EUR
AVERAGE$48   44 EUR
HIGH$320   290 EUR
Per Month

Spending on education can vary drastically between different individuals. On average, education constitutes 2% of the monthly expenditure of individuals with 1% and 4% being the lower and upper bounds respectively. The average reported education cost is 44 EUR per month with 6.3 EUR being the minimum spent amount and 290 EUR being the maximum.

Other Expenses21%

21% of total expenses on average (13% to 25%)

LOW$61   56 EUR
AVERAGE$430   400 EUR
HIGH$2,900   2,600 EUR
Per Month
Percentage of individuals who manage to save money from their income every month in Nurnberg

What percentage of individuals in Nurnberg are able to save money and how much can they save?


Percentage of individuals that reported their ability to save money


Saving Money
60%
Not Saving
40%

Almost 60% of surveyed individuals in Nurnberg said that they can save some money at the end of each month while 40% reported that they have to utilize their whole income to survive.


A single person savings to income ratio in Nurnberg

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.


How much money do individuals manage to add to their savings?

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.

Saving to Income Ratio

14% 23% of income 30%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

99 EUR
$110
900 EUR
$970
6,000 EUR
$6,500
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for individuals

Saving To Income Ratio% Individuals
0% - 10%30%
10% - 20%24%
20% - 30%16%
30% - 40%15%
40% - 50%11%
> 50%4%

Interpretation and Analysis

Individuals that are able to save money can put anywhere from 14% to 30% of their monthly income to their savings, with 23% being the average for most individuals. The average monthly amount of money that individuals can put aside is 900 EUR with 99 EUR and 6,000 EUR being the minimum and maximum respectively.

Reasons that make it difficult for individuals to save money in Nurnberg

Saving Challenges in Nurnberg

Reasons that make it difficult for individuals to save money

We wanted to understand what is stopping people from maximizing their savings in Nurnberg. Listed below are the answers given by the survey participants.


Reason% People
Low Income6%
High Expenses9%
Debt and Loans16%
Lack of Budgeting Skills11%
Impulsive Spending10%
Financial Emergencies6%
Living the moment6%
Will do it later19%
Inflation12%
Social Pressure3%
Market Instability3%

Around 6% of the individuals 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. 16% 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% of individuals 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. 19% 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. 12% 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.

Where do individuals choose to put their savings in Nurnberg

Typical saving choices for individuals in Nurnberg

Where do people choose to put their savings?


Saving Type% People
Emergency Funds11%
Gold11%
Savings Accounts17%
Retirement Accounts11%
Cash Savings18%
Real Estate10%
Investment6%
Stocks5%
Bonds6%
Mutual Funds3%
Certificates of Deposit3%
A typical and healthy budgeting structure. The 50-30-20 rule

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.

Income and cost of living compatibility. Is it affordable or economical for individuals to live in Nurnberg

Affordable living in Nurnberg

Income and cost of living compatibility

We asked individuals one simple question and recorded their answers.

Is it affordable or economical to live in Nurnberg?


Yes
64%
No
37%

Around 64% of surveyed individuals think that living in Nurnberg is affordable with proper budgeting while 37% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting for individuals. Are there plenty of low-cost options in Nurnberg

Low-cost alternatives in Nurnberg

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 individuals how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options51%

Few low-cost options49%


Based on the survey, 51% of the individuals living in Nurnberg have no problem finding low-cost alternatives to support a frugal lifestyle while 49% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds For Individuals

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 individuals of Nurnberg whether they have an emergency fund and the answers were as follows.

Yes61%

No39%


Based on the survey, 39% of the individuals living in Nurnberg said that they don't have an emergency fund while 61% said that they do.

Financial literacy and difficulty in budgeting and financial planning for individuals in Nurnberg

Financial Literacy in Germany

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 individuals in Nurnberg 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 single people of Germany 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%

Financial goals and targets of single people living in Nurnberg

Financial goals of individuals in Nurnberg

In an attempt to understand the economic situation in Nurnberg, 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 Fund7%
Debt Reduction37%
Retirement Savings9%
Education Funding8%
Homeownership17%
Investing8%
Travel or Lifestyle9%
Healthcare Expenses11%
Financial Independence7%

Around 7% of individuals said that their main goal is to establish an emergency fund to cover unexpected expenses while 37% said their number one priority is to pay off high-interest debt or loans and improve credit. 9% 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 9% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 11% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Chart showing the percentage of individuals who are in debt in Nurnberg

Debt, loans, and mortgages in Nurnberg


Percentage of individuals who are in debt


In Debt
23%
Debt Free
78%

According to the survey, 23% of the individuals in Nurnberg have some kind of debt, loan, mortgage, or credit card payments while 78% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Nurnberg

Debt-to-income ratio in Nurnberg

Debt to income ratio

22%

14% to 30%

( 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 22% of a single person's monthly income in Nurnberg goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%15%
40% - 50%13%
30% - 40%15%
20% - 30%13%
10% - 20%15%
0% - 10%27%

According to our data, 3% of the debtors in Nurnberg pay 60%+ of their income as debt settlement while 15% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 13% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 15% dedicated 30% to 40% of income for same. Things are looking brighter for 13% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Nurnberg

Debt% People
Real Estate Mortgage11%
Auto Loan19%
Student Loan3%
Credit Card27%
Personal Loan40%

11% of debtors in Nurnberg confirm that real estate mortgages constitutes the main part of their outstanding debt while 27% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 19% of people and personal loans rose at 40%. Lastly, student loans are the main source of debt for 3% of debtors in Nurnberg.


About credit score and debt management

Managing 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 Nurnberg

Besides measuring the loan-to-income ratio, we asked individuals of Nurnberg 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
Never53%
Once a year23%
Twice a year12%
Three times a year8%
Four times a year4%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Nurnberg

Housing costs, accommodation, and housing affordability in Nurnberg

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Nurnberg

Monthly Rent Prices

Studio apartment monthly rent cost

290 EUR 430 EUR 1,100 EUR
MINIMUM AVERAGE MAXIMUM
$310 $470 $1,200

1-bedroom apartment monthly rent cost

430 EUR 690 EUR 1,700 EUR
MINIMUM AVERAGE MAXIMUM
$470 $750 $1,900

2-bedroom apartment monthly rent cost

570 EUR 860 EUR 2,300 EUR
MINIMUM AVERAGE MAXIMUM
$620 $930 $2,500

3-bedroom apartment monthly rent cost

690 EUR 1,100 EUR 3,100 EUR
MINIMUM AVERAGE MAXIMUM
$750 $1,200 $3,400

Furnished apartment monthly rent cost

1,400 EUR 3,400 EUR 6,900 EUR
MINIMUM AVERAGE MAXIMUM
$1,500 $3,700 $7,500

Townhouse monthly rent cost

1,100 EUR 1,700 EUR 4,900 EUR
MINIMUM AVERAGE MAXIMUM
$1,200 $1,900 $5,300

House monthly rent cost

1,400 EUR 3,400 EUR 6,900 EUR
MINIMUM AVERAGE MAXIMUM
$1,500 $3,700 $7,500

Villa monthly rent cost

1,700 EUR 4,300 EUR 6,900 EUR
MINIMUM AVERAGE MAXIMUM
$1,900 $4,700 $7,500

The monthly rental cost of a studio apartment in Nurnberg ranges between 290 EUR and 1,100 EUR, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 430 EUR to 1,700 EUR. Two-bedroom rentals rate ranges between 570 EUR and 2,300 EUR per month. The monthly rental for a three-bedroom apartment ranges from 690 EUR to 3,100 EUR. The average rent of a townhouse in Nurnberg is around 1,700 EUR while house rental costs can be as high as 3,400 EUR per month. Finally, if you want to rent a villa, expect to pay anywhere from 1,700 EUR to 6,900 EUR per month.



Apartment and house prices in Nurnberg

Cost of buying a property

Studio apartment price

57,000 EUR 86,000 EUR 170,000 EUR
MINIMUM AVERAGE MAXIMUM
$62,000 $93,000 $190,000

1-bedroom apartment price

69,000 EUR 110,000 EUR 430,000 EUR
MINIMUM AVERAGE MAXIMUM
$75,000 $120,000 $470,000

2-bedroom apartment price

110,000 EUR 340,000 EUR 690,000 EUR
MINIMUM AVERAGE MAXIMUM
$120,000 $370,000 $750,000

3-bedroom apartment price

380,000 EUR 570,000 EUR 1.7M EUR
MINIMUM AVERAGE MAXIMUM
$420,000 $620,000 $1.9M

Townhouse price

490,000 EUR 1.1M EUR 4.3M EUR
MINIMUM AVERAGE MAXIMUM
$530,000 $1.2M $4.7M

House price

570,000 EUR 3.4M EUR 4.9M EUR
MINIMUM AVERAGE MAXIMUM
$620,000 $3.7M $5.3M

Villa price

690,000 EUR 3.8M EUR 5.7M EUR
MINIMUM AVERAGE MAXIMUM
$750,000 $4.2M $6.2M

The average price of a studio apartment in Nurnberg can range from 57,000 EUR to 170,000 EUR depending on location. One bedroom cost can be anywhere from 69,000 EUR to 430,000 EUR. A villa can cost you 3.8M EUR on average with prices ranging from 690,000 EUR to 5.7M EUR.


If you're leasing or purchasing, housing costs in Nurnberg 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


39 x116 monthly income 186
MINIMUM AVERAGE MAXIMUM

Property prices in Nurnberg can be x116 to x186 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x116 multiples of the average monthly salary in Nurnberg.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


20% 28% of income 37%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Nurnberg is around 28%. This means that people pay 28% of their income for rent. Those figures can range from 20% to 37% 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
26%

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.


FROM
2.3%
AVERAGE
3.2%
TO
4.2%

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.


4.9 EUR 64 EUR 640 EUR
MINIMUM AVERAGE MAXIMUM

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.

Monthly costs and expenses of energy and basic utilities in Nurnberg

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in Nurnberg

Utility Bill Cost / Electricity + Water + Gas / A single person

19 EUR 130 EUR 880 EUR
MINIMUM AVERAGE MAXIMUM
$20 $140 $960

Internet and cable cost

20 EUR 39 EUR 53 EUR
MINIMUM AVERAGE MAXIMUM
$21 $43 $57

Mobile phone bill and charges

16 EUR 26 EUR 79 EUR
MINIMUM AVERAGE MAXIMUM
$17 $28 $85

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 energy and water consumption of individuals is around 130 EUR. The cost of internet and WiFi ranges from 20 EUR to 53 EUR with 39 EUR being the average internet bill. Finally, the average monthly mobile charges is around 26 EUR but can range between 16 EUR and 79 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


0.80% 3.3% of income 6.7%
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The average utility-to-income ratio in Nurnberg is around 3.3%. This means that people pay 3.3% of their income for energy, water, internet, and mobile charges. Those figures can range from 0.80% to 6.7% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Nurnberg

Grocery / Food expenditure and prices can vary drastically between different areas and locations.


Prices and cost of goods and services in Nurnberg

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

3.9 EUR 7.9 EUR 13 EUR
MINIMUM AVERAGE MAXIMUM
$4.3 $8.5 $14

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Nurnberg is approximatly 7.9 EUR with meal cost ranging from 3.9 EUR to 13 EUR. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

12 EUR 18 EUR 37 EUR
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$13 $20 $40

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 12 EUR and 37 EUR with 18 EUR being the average price of a plate for one person at a regular restaurant in Nurnberg.

Fine dining meal for one price

25 EUR 37 EUR 150 EUR
MINIMUM AVERAGE MAXIMUM
$27 $40 $160

The price range of a meal at fine-dining restaurant is 25 EUR to 150 EUR with the average cost being 37 EUR for one person. This is what you would expect to pay a top-tier diner in Nurnberg.

Beverage prices, cappuccino, latte etc..

3.3 EUR 5.3 EUR 7.9 EUR
MINIMUM AVERAGE MAXIMUM
$3.6 $5.7 $8.5

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Nurnberg is around 5.3 EUR. Price ranges between 3.3 EUR and 7.9 EUR depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

2.6 EUR 3.2 EUR 3.9 EUR
MINIMUM AVERAGE MAXIMUM
$2.8 $3.4 $4.3

The average price of a large bottle of milk in Nurnberg is 3.2 EUR. The maximum what you would pay for milk is 3.9 EUR and the minimum being 2.6 EUR depending on the brand of milk and other properties.

12 eggs price

2 EUR 2.6 EUR 3.9 EUR
MINIMUM AVERAGE MAXIMUM
$2.1 $2.8 $4.3

A dozen eggs costs around 2.6 EUR on average with 2 EUR and 3.9 EUR being the lower and upper limits respectively.

Fresh whole chicken price

4.5 EUR 5.8 EUR 8.2 EUR
MINIMUM AVERAGE MAXIMUM
$4.9 $6.3 $8.9

The price range of a fresh whole chicken in Nurnberg is between 4.5 EUR and 8.2 EUR depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 5.8 EUR.

Pack of beef price

5.3 EUR 7.9 EUR 16 EUR
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$5.7 $8.5 $17

The price of a regular pack of beef or meat is around 7.9 EUR. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

2.1 EUR 2.9 EUR 4.1 EUR
MINIMUM AVERAGE MAXIMUM
$2.3 $3.1 $4.5

A bag of rice in Nurnberg costs around 2.9 EUR on average with prices rangeing between 2.1 EUR and 4.1 EUR depending on the brand and quality.

Bag of tomatos price

0.79 EUR 1.1 EUR 2 EUR
MINIMUM AVERAGE MAXIMUM
$0.85 $1.1 $2.1

A bag of tomatoes costs anywhere from 0.79 EUR to 2 EUR. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

1.4 EUR 1.8 EUR 3 EUR
MINIMUM AVERAGE MAXIMUM
$1.5 $2 $3.3

A bag of apples costs 1.8 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


14% 21% of income 26%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Nurnberg is around 21%. This means that individuals spend 21% of their income on grocery and basic household items. The expenditure can range from 14% to 26% depending on salary and location.


Expenditure on food and grocery for individuals

Individuals' spending on grocery ranges from 50 EUR to 2,400 EUR with the location, income being the most determinite factors.

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