According to Mercer’s 2020 Cost of Living Survey, Frankfurt is the second most expensive city in Germany, after Munich. Frankfurt was ranked 76th out of 209 expat destinations worldwide. However, expats will find that there are a number of ways to save money while still maintaining a good quality of life in this highly industrialised city.

Just like in anywhere else, an individual expat’s cost of living is dependent on their lifestyle. While Frankfurt allows residents to indulge and live the high life, it is also a city where it's possible to get by affordably and comfortably.


Cost of accommodation in Frankfurt

There is a range of accommodation in Frankfurt and the price will depend on a number of factors, including the area one chooses to live in, the size of the property and whether the property is furnished or unfurnished. The city centre is rather expensive, but a lot of young expats who want to be close to the action opt to do house shares. Of course, the further one lives from the city centre, the more affordable housing becomes.

Remember that when renting property in Germany, ‘warm’ rent includes certain utilities. 


Cost of transportation in Frankfurt

Getting around in Frankfurt using public transport is fairly inexpensive. There are plenty of money-saving programmes available for one to choose from. For expats who will use public transport to commute on a daily basis, it is wise to invest in a monthly or annual travel pass. Expats moving to Frankfurt will also be pleased to know that these passes cover the cost of travelling with children in the evening or at weekends.

Generally, most people do not need a car to get around Frankfurt, but those who do wish to drive will need to factor in the cost of parking fees and petrol.


Cost of groceries in Frankfurt

The cost of grocery shopping varies depending on where one shops. Supermarkets operated by Galeria or Karstadt tend to be more expensive. Most expats tend to shop at Rewe. 

For those on a tighter budget, there is Lidl and Aldi. Unfortunately, it is not too common to see bulk buy offers in supermarkets in Frankfurt.


Cost of entertainment and eating out in Frankfurt

Frankfurt is a bustling, cosmopolitan city and there is plenty to keep expats entertained here. It has a seemingly endless supply of excellent restaurants offering traditional German food and a slew of eateries serving cuisines from all over the world.

Tipping is common practice in Frankfurt; however, how an individual tips will differ from one person to another. The general practice is a 10 percent tip.


Cost of schooling in Frankfurt

While public schools in Germany are of an excellent standard and fees are very low, for most expats this is not a viable option. Unless expats plan on relocating to Germany in the long term or have children who are young enough to pick up the local language, international schools are usually the best option, but these come at a hefty price.

Those relocating to Frankfurt for a lucrative job offer should try to negotiate an allowance to cover school fees for their children.


Cost of living chart for Frankfurt

Note that prices may vary depending on product and service provider and the list below shows average prices for September 2020.

Accommodation (monthly rent)

Three-bedroom apartment in city centre

EUR 2,020

Three-bedroom apartment outside of city centre

EUR 1,470

One-bedroom apartment in city centre

EUR 1,030

One-bedroom apartment outside of city centre

EUR 800

Shopping

Dozen eggs

EUR 2.10

Milk (1 litre)

EUR 0.84

Rice (1kg)

EUR 1.84

Loaf of white bread

EUR 1.24

Chicken (1kg)

EUR 6.94

Pack of cigarettes (Marlboro)

EUR 7

Eating out

Big Mac Meal

EUR 8

Coca-Cola (330ml)

EUR 2.50

Cappuccino 

EUR 2.80

Bottle of beer (local)

EUR 4

Three-course meal for two at a mid-range restaurant

EUR 56.50

Utilities/household

Internet (per month)

EUR 30.30

Mobile-to-mobile call rate (per minute)

EUR 0.10

Utilities (average per month for standard household)

EUR 276

Transportation

Taxi rate per km

EUR 2

City centre bus fare/train fare

EUR 2.75

Petrol/gasoline (per litre)

EUR 1.45

Expat Health Insurance

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