As a MiM student staying in Germany, the monthly cost will be usually between €700 and €1,000.
Here is a simple breakdown:
- Accommodation: This is the highest expenditure item of your budget. It all depends on the city and what type of housing you opt for. It should be in the range of €300-€700 per month. Apartment-sharing with several people in a small town could be cheaper, whereas staying alone in Munich a big city can cost you more.
- Food: If you cook at home and eat out sometimes, it should be around €150 to €250 per month in grocery and eating out.
- Transportation: Public transport in Germany is pretty great. A student pass per month will cost between €50 to €100 based on the city.
- Health Insurance: This is one of the compulsory expenses of a student, and the amount will be between €80 to €160 for each month.
- Miscellaneous: Other expenses like telephone bills, internet, books, study materials, and other hobbies may add another €100 to €150 to the monthly budget.
So all in all, you would be looking at an annual cost of around €8,400 to €12,000. Cities like Munich and Frankfurt will be on the higher end, while smaller towns will be more affordable.
For more information or any doubts, you can Book a Free Strategy Session to discuss with the experts.
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