How Much Money Do You Need To Live Comfortably In Munich?
Germany is rich in economic prosperity with opportunities that are perennial, awaiting enthusiasts! From academics to career opportunities, it has always proven a fruitful country for the one who has the zeal and determination. One such cradling city of Germany is Munich that we will be discussing in the following post. This blog is intended towards covering the Student living cost in Munich Germany.
Introduction to Munich, Germany
Apart from the fact that Munich is a posh city with a landscape of skyscrapers around, there is another side to it. A student’s living costs comprises of tuition fees, accommodation, travel and transportation costs, living expenses, insurance, and more.
Munich is called the expensive city in Germany that triumphed Frankfurt. No, I am not scaring you off. But, I am trying to make you meet the real facts and also assist you in ways that you can further incorporate to cut reckless expenses while saving half on everything!
Student living cost in Munich
If you are an aspiring international student belonging to an EU or non-EU destination, enrolling in any of the universities in Munich, then grab some facts on some real-time figures.
What are the various costs for Student living cost in Munich?
Tuition fee (“Studentenwerksbeitrag”) that amounts to somewhere around €75 per semester depends on the university, degree (Bachelor’s/Master’s/PhD.), and the discipline or specialized course that you opt for.
Residential costs: If you are opting for an apartment to stay in Munich, then you will be charged for the size of the apartment and the location you choose. The cheapest option is choosing to stay in a shared flat (Wohngemeinschaft) or WG that will allow you to break the ice and get social with people in a new place. The maximum costs you ought to bear would lie between €400 and €600 per month.
● Living alone: €390/month
● Sharing a privately rented flat: €365 /month
● Living in a student residence: €250/month
Internet connectivity: The Internet connects you with the world! You need it at any cost. Catch up with an internet provider who offers you 10MBit for just €15 per month or 50MBits for around €25/month if you have to work and study simultaneously.
Health Insurance cost: The cost of your health insurance will depend entirely upon your choice of either private or statutory health insurance. In this case, you need not get pressed under the stress, while you can seek help from Udrus to walk you through all the insurance nitty-gritty to avoid the room for information gaps or sudden bombardments of the same when you reach the country.
Food and drinks: The cost of food and drinks depends on what food you eat, and where you eat. There are places that offer food at a fair price without compromising on the quality of the meal. A gross expenditure of €50 and €500 a month is estimated for your meals!
Travel/transportation cost: For all the students who study in Munich, the travel costs may get abruptly curtailed if they use their student ID. The public transport pass ranges between 25 and 200 EUR/month whereas, Germany’s Deutsche Bahn train system fares range between 20 and 70 EUR. Most interestingly, you can rent a bicycle for around 15-20 EUR/day.
The bottom line:
Out of all the aforementioned costs, there is another thing that must be mentioned here. It is the student education funding by The German Academic Exchange Service (DAAD) that is granted by the German government for supporting the finances of student programs. It supports all the EU and non-EU students for their education fees and living costs.
Apart from this, Deutschlandstipendium offers talented minds funding that amounts to almost 300 EUR/month. If you aim for any of the scholarship schemes by appearing for the examinations to qualify with good scores, then you have free accessibility to most of the living costs owing to stay, travel, study fee, and textbooks as well. Also, you can work alongside your studies (part-time). Although, German Universities allow you to work for 20 hours a week and 240 half days a year.
If you wish to work full time, then you can carry it out during the semester breaks or other holidays lying between the courses completions. This has another exception! If you are hired for any of the posts in the university you study in, then you will not go through stringent restrictions or working norms that are applicable to other students working elsewhere, outside the university.
Also, if you get hired for any of the internship programs from the university placement programs, then you will be free from many stricter fundamentals as well. The pay from any of your jobs will help you finance your studies in any of the cities of Germany that you choose to stay in. Whether it is Munich (the costlier) or Berlin (the most affordable) city, you can always decide on how you can spend on things!
Read More: 4 Hacks On The Student Living Cost in Berlin
How can Udrus help you with your abroad education?
To count on any information about the application filling, admission procedures, eligibility criteria, program module, university infrastructure, faculty, fee structure, and scholarship schemes, you can count on the most ideal stop, Udrus that believes in making abroad study an easy affair for all the aspiring international students willing to pursue their higher education outside their home country.