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Money and costs

You'd like to know what it costs living in Germany or how to save money as a student? Here you will find all information about money and costs!

  • International students talking on a balcony, link to page Cost of Living | © DAAD/Jan Zappner

    Cost of living

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  • Mortarboard on a stack of coins, link to page Financing & Scholarships | © DAAD/contentküche

    Financing and scholarships

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  • A student walks along the beach leaving footprints, link to page Ten Steps to Studying in Germany | © DAAD/contentküche

    Ten steps to studying in Germany

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International students talking on a balcony, link to page Cost of Living

Cost of living

Compared to other European countries, the cost of living in Germany is quite reasonable. The prices are basically in line with the EU average. You will need around 850 euros a month to cover your living expenses.

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Withdrawing cash at the ATM, link to page Money and Bank Accounts

Money and bank accounts

With a German bank account, you can transfer your semester contribution to the university electronically after enrolment, pay your monthly rent and receive your salary from a part-time job.

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Money in a canning jar as a money box, link to page Saving Money

Saving money

A busy weekend with your girlfriend, going to a movie, sipping cocktails at the bar and eating out at a restaurant can get expensive very fast. As long as you have your student ID with you at all times, there are many ways to save money.

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German Academic Exchange Service .
Bundesministerium für Bildung und Forschung .
Information for Refugees .