Is 1700 euro a good salary in Germany?

Is 1700 euro a good salary in Germany?

A good annual average salary in Germany is between €64.000 to €81.000. This gross salary (salary before taxes or social contributions) depends on your profession, industry, and education. But most Germans consider a salary ranging between €64.253 and €81.503 a good salary.

How much do you save a month in Germany?

According to a survey conducted in 2020 in Germany, the average monthly savings among the population amounted to 451 euros. The survey revelead slight differences between age groups. Individuals between 18 and 29 years of age could save on average 390 euros per month.

How much money do I need to live in Germany?

You will need around 861 euros a month to cover your living expenses in Germany as of 2021. On average, to cover your living expenses in Germany you will need around 861 euros per month (around $1,002 US dollars) or 10,332 euros per year (around $12,024 US dollars).

How much does it cost to live in Germany per month?

Single person estimated monthly costs: €1,913 Cost of living in Germany is cheaper than in 72\% of countries in Western Europe (13 out of 18) Cost of living in Germany is more expensive than in 70\% of countries in the World (25 out of 79)

What is the average salary of a single German citizen?

A person who has an average German gross salary of 45 thousand euros per year, is single and is not a registered church member (pays no church tax) earns a net salary just under 28 thousand euros per year.

How much money do you need to be poor in Germany?

According to the concept of relative deprivation you are poor if you´ve got less than 60\% of an average income. That is 1135 as a single household. With two children you will need about 2000€. [ 2] The difference is living in a nice neighborhood, you have got all the insurances – Germans love to have an insurance for every possible risk.

How much is a German doctor’s salary worth?

A specialist doctor having the average gross salary in his branch of 7,000 euros a month earns 3,900 euros after tax and that is well over four times the average cost of living in Germany. These are just a few examples to illustrate what some German salaries are really worth.