Cost of Living in Frankfurt

According to Mercer's 2024 Cost of Living Survey, Frankfurt is Germany's second-most expensive city, after Berlin. Frankfurt was ranked 35th out of 226 destinations worldwide, while Berlin and Munich ranked 31st and 38th respectively. Despite the high cost of living in Frankfurt, there are several ways to save money while still maintaining a good quality of life in this highly industrialised city.

Like anywhere else, your cost of living depends on your lifestyle. While Frankfurt allows you 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 wide range of accommodation in Frankfurt, and the price will depend on numerous factors, including the area you choose to live in, the size of the property, and whether it's furnished or unfurnished.

The city centre is rather expensive, but many young expats who want to be close to the action opt to do house shares. Of course, the farther away the city centre is, the more affordable housing becomes. Remember that when renting a property in Germany, 'warm' rent includes certain utilities.

Cost of transport in Frankfurt

Getting around in Frankfurt using public transport is fairly inexpensive. There are plenty of money-saving programmes available to pick from. Investing in monthly or annual travel passes is wise if you plan to use public transport for your daily commutes. These passes also cover the cost of travelling with children in the evening or at weekends.

Generally, you do not need a car to get around Frankfurt, but if you wish to drive, you'll need to factor in high parking and petrol costs.

Cost of groceries in Frankfurt

The cost of grocery shopping varies depending on the outlet. Supermarkets operated by Galeria or Karstadt tend to be pricier. Many expats shop at Rewe, which offers organic produce and a more comprehensive product range.

Lidl and Aldi are available for those on a tighter budget. Unfortunately, bulk-buy offers aren't common in Frankfurt supermarkets.

Cost of entertainment and eating out in Frankfurt

Frankfurt is a bustling, cosmopolitan city with plenty of lifestyle options to keep you entertained. It has a seemingly endless supply of exquisite restaurants offering traditional German food and a slew of eateries serving cuisines from all over the world.

The drinking culture in Frankfurt is quite strong, but fortunately, alcohol prices are reasonable, even in restaurants. Still, you'll need to budget carefully if you're planning to frequent nightclubs, where drinks can be pricier. Gym memberships are expensive, so if you're on a budget, you're better off visiting the city's parks to get your workout in. 

Cost of education in Frankfurt

Public schools in Germany are of a high standard and have low fees. However, most expats don't make use of them unless they're relocating to Germany for the long term or have children who are young enough to learn the local language. In most cases, international schools are the best option, but these come at a hefty price.

While international schools may be pricey, these institutions have some of the best facilities and educators in the country. They also offer a range of globally recognised curricula, including the British, American, and International Baccalaureate programmes. If you're moving to Frankfurt for a lucrative job offer, you may be able to negotiate an education allowance with your employer as part of your relocation package.

Cost of healthcare in Frankfurt

Healthcare in Frankfurt is exceptional, as the city boasts a range of specialist hospitals and English-speaking medical practitioners. As with anywhere else in Germany, you'll need health insurance if you move to Frankfurt. If a German company formally employs you, you can use the statutory health insurance provided by the state. Otherwise, you'll need to secure health insurance through a private company.

The cost of healthcare will vary depending on the level of coverage, your health, and your age. Fortunately, if you're employed, your employer will cover half your monthly healthcare bill, regardless of whether you have chosen state or private health insurance.

Cost of living chart for Frankfurt

Note that prices may vary depending on the product and service provider, and the list below shows average prices for Frankfurt in October 2024.