We are here to provide you the smoothest beginning ever. The city is famous for it’s cultural offering, countless galleries and museums and a vibrant party scene. Despite the übercool gin & tonic-bars, some corners of the Bahnhofsviertel still show a sharp contrast between bankers in suits, hipsters, homeless people and drug dealers – painting a highly-shocking, but also representative picture of inequality. Frankfurt is of one the top city in germany, the city is also known for its culture, traditions and job opportunities that welcomes expats & students for jobs and education. Frankfurt Population: 5.6 Million (Metro) (2020 est.) Besides, with around 180 different nationalities represented in Frankfurt, you are sure to find someone who shares your culture and/or language. All big players in international banking – even the European Central Bank – call this city home. By Olga Karnas. A family costs: $4,241 per month. Including commuters, Frankfurt makes it … As it is to be expected in a large city, conditions of living can vary widely from district to district. Blvd Louis Schmidt 29 B 1 But don’t be fooled by its size: the metropolis, also known as Mainhattan, is one of the most important economic centers of the world. According to Mercer’s 2020 Cost of Living Survey, Frankfurt is the second most expensive city in Germany, after Munich. Healthcare in Frankfurt; Transport and Education in Frankfurt There are 16 different Neighborhoods in Frankfurt – but which is the most suitable one for you? Universities, Education and Scholarships in Frankfurt Frankfurt city is not only known for modern architecture and currency flow but … Therefore, our housing office tries to help all exchange students to find affordable accomodation. I've lived in Frankfurt for over a half year now and it's time to give my review and rating of being an expat in Germany's financial capital. hovers around 800 – 1000 € per month. There is roughly a fifty-fifty chance that the kitchen – abbreviated as EBK in most listings –  is included. There are days when I walk around the train station and hear only American English. Inflation: -0.3% for Germany as at November 2020. Because you will save a lot of money with our insider tips that you can spend on more fun things like Apfelwein (Cider). Living in Frankfurt can be an amazing experience for expats. Rented housing in Germany usually comes without furniture. 1040 Brussels It's been long enough where I feel very comfortable with getting around the city, rented an apartment, explored all the bars/restaurants, and traveled around Europe like Europeans do. Frankfurt has one of the lowest unemployment rates in Germany and attracts thousands of expats every year. So pack your stuff and move to Frankfurt now – the timing could not be any better. By clicking "Accept" you agree to cookies being used in accordance with our. Salaries in Frankfurt are considerably higher than the German average. Despite being an European hub and a economic powerhouse , it is not the capital of its state (Hesse). Just apply and start your new life in Frankfurt. The cherry on top? Frankfurt is the second richest city in Germany, but the uncomfortable truth is that disparities between haves and have-nots in Germany have risen sharply since the 2008 financial crisis. Expat advice: living in Frankfurt, Germany. In my opinion Frankfurt is city nr 3 in Germany after Berlin and Munich and I have travelled through much of Germany. Make your expat project in Frankfurt successful. Student Accommodation in Frankfurt. Economy: Frankfurt is one of the leading financial centres in Europe. For this reason, the rental market in Frankfurt can be incredibly competitive. Frankfurt is quite rich and not too big, so here the so-called “hidden” gap between rich and poor is especially visible. Summary about cost of living in Frankfurt, Germany: Family of four estimated monthly costs are 3,476.92$ (2,860.43€) without rent (using our estimator) . Frankfurt is the banking hub of Germany and is super international. For starters, Frankfurt is not a cheap place. A lot of tourists and people from Balkans who work in region. The most obvious example is Frankfurt’s Bahnhofsviertel (area around the train station), just a 5-minute walk from the heart of the financial district. Ana Castro is an expat living in Germany and the communications manager for Locanto – an innovative platform for local classifieds that uses image recognition to auto-title and categorize listings. But before you can enjoy Frankfurt to the fullest there are some tasks that should be taken care of first. – each neighborhood has something to offer for you or not. However, expats will find that there are a number of ways to Frankfurt, located in South West Germany and sitting on the Main river, is only the 5th largest city in Germany. We created a table so that you can get a general … It serves almost 300 destinations with direct flights, making it the leader in that category. Housing prices are going nowhere but up (+17,1% between 2011 and 2016) and Frankfurt is now the second most expensive German city to rent an apartment in. Finally, the costs for the compulsory social insurance will also be automatically deducted from your salary. The cityscape is predominantly shapes by the numerous skyscrapers that are usually the home of one of the many major financial institutions located in Frankfurt… FIDI Global Alliance 700,000 inhabitants), it is modern, international (over 180 nationalities live here in Frankfurt), and open-minded. With around 700.000 inhabitants Frankfurt is one of the biggest cities in Germany. Breakdown of prices in Frankfurt, Germany for housing, food, transportation, going out for November 2020. Consultant Olga Karnas moved to Frankfurt from near Krakow in southern Poland in 2017. Cost of living. Belgium, The pros and cons of expat life in Frankfurt, The Pros and Cons of expat life in Luanda, The pros and cons of expat life in Toronto, Outstanding in their field: 6 superlative expat destinations, 30% of inhabitants have a foreign citizenship, disparities between haves and have-nots in Germany have risen sharply, Frankfurt is now the second most expensive German city, the consumption of used-goods has already become a lifestyle choice, Germany’s booming economy and its low unemployment rate. Some people refer to Frankfurt also as Mainhatten – a mix for Manhatten and Main, the river that flows through the city. In the past, the city’s red light district was an area to be avoided due to sex shops, bordellos, crime, and drugs. A single traveler costs: $2,845 per month. Most German banks have their headquarter in Frankfurt – e.g. Oh, that smell of new books. Living in Frankfurt guide. Living in Frankfurt ... Frankfurt University of Applied Sciences does not own any dorms for exchange students. Frankfurt (officially: Frankfurt am Main (German: [ˈfʁaŋkfʊʁt ʔam ˈmaɪn] (listen); Hessian: Frangford am Maa, lit. "Frank ford on the Main")) is a metropolis and the largest city of the German state of Hesse. Furthermore Frankfurt offers a lot of cultural highlights such as theatres, museums and a football team in the Bundesliga . Pretty expensive. But there are many things that need to be considered when applying for studies from abroad and as student from here that are as important for academic success. The smallest metropolis on earth has it all - in walking distance. Your life as an expat in Frankfurt is not complete until you have enjoyed a glass of traditional Apfelwein (Apple wine) in a Kneipe (bar) in the historical district of Sachsenhausen. Very luxurious yet has some parts of the city that are charming and have gothic architecture. In Germany, income tax is progressive, starting at 14% and rising incrementally to 45% for very high incomes. This website uses cookies. Just a couple of days after moving from a small town in the countryside of Germany to Frankfurt, I was in the U-Bahn (subway), talking on the phone to my mom in Spanish. The University of Frankfurt (my current university) is a world-class educational institution, especially in the fields of economics and German law. So if you like to spend time outside enjoying nature you are gonna love living in Frankfurt. The Hessian metropolis suffers a demand for affordable housing that far surpasses the available supply. Germany’s business hub is a multicultural city hosting people of approximately 180 nationalities. As a leading European financial, education, cultural and trade hub, it is a multicultural cosmopolitan area which can, however, be quite expensive in terms of cost of living. A single person estimated monthly costs are 1,025.52$ (843.69€) without rent. Summary: living in Frankfurt is not especially cheap. The Frankfurt expat guide will help you to settle down in Frankfurt. I’ve been living in this city of 500,000 for the past nine months, and have enjoyed discovering what makes it come alive… An international vibe An embarrassing situation indeed, but that’s how I learned my first lesson (and met my first friend) in Frankfurt. Accommodation in Frankfurt can be expensive and contributes to the fairly steep cost of living, but salaries are generally raised in order to afford residents a decent standard of living. Despite being one of the world's smallest metropolis, Frankfurt is a known to be a global city. Monthly rent costs: $852 per month. Furthermore, if you are a member of a church, you will also have to pay tax. Living in Frankfurt Frankfurt is the largest city in the German state Hessen and is located on both sides of the Main river in south-west Germany. > Frankfurt vs Berlin Cost of Living Comparison Between Frankfurt and Berlin You would need around 3,610.91€ in Berlin to maintain the same standard of life that you can have with 3,900.00 € in Frankfurt (assuming you rent in both cities). Quality of life in Frankfurt is very high – a lot of well paid jobs, especially in the finance sector, and a lot of green in and around the city. Everyone is so friendly. She loves sharing her experiences abroad to help other expats find personal and professional fulfillment. Unfortunately, their enthusiasm lasts exactly one month, until their very first paycheck arrives – accompanied by a nasty surprise. The good news is that the second-hand market in Germany is growing rapidly and the consumption of used-goods has already become a lifestyle choice for many locals. In case you have been unsure whether or not you should be moving to Frankfurt – now is the time. 4. Find out all you need to know to relocate and live in Frankfurt with the expat guide. Quality of life in Frankfurt is very high – a lot of well paid jobs, especially in the finance sector, and a lot of green in and around the city. Now I work in the education industry helping other people begin their own international… In the last few years, the area has been rapidly gentrifying with Instagram-able locations, fashionable clubs, and top-notch restaurants. In Frankfurt, you are more likely to hear English, Spanish, Hindi, or Turkish than German. Making international friends and getting to know other ways of living is easier here than anywhere else in Germany. Best Neighborhoods in Frankfurt. 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