how much money do you need to live in germany?
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On average, to cover your living expenses in Germany you will need around 853 euros per month (around $957 US dollars) or 10,236 euros per year (around $11,484 US dollars). The prices for food, accommodation, bills, clothes, and entertainment are basically in line with the EU average.
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The cost of the above equates to £22,137.88. This means that before tax, and with basic bills and tax payments (note BASIC) you would need to earn somewhere in the region of £28,000-£29,000 to live a happy, comfortable life in London.
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Undergraduate costs to study in Germany Although you can study for free at public German universities as an undergraduate, there is a charge per semester for enrolment, confirmation and administration. This is typically no more than €250 (~US$290) per semester but varies depending on the university.
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Based on my personal experience, if you're willing to live and work in the country, a salary of around $50,000 would provide you with enough money to live quite well. A nice house, with money left over from essentials to spend on savings/entertainment.
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It's possible to spend move abroad for a year in Spain on as little as $1,000 a month, according to Wealthsimple. The first essential step in making the move is to save — three to four months of your annual salary should suffice. Unless you are a European citizen, you will need a visa to move to Spain.
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How much money do I need to bring? This differs by nationality, but for Immigration purposes, you generally need to be able to show a minimum of NZ$350 a month or NZ$4200 for 12 months to meet living costs requirements while you're here. A copy of your bank statement may be sufficient evidence of your available funds.
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As a single person, you can get by with about £750 in London and a little over £590 in Manchester. This means you'll need about £9,000 a year for living expenses in London and about £7,100 to live in Manchester.
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GoBankingRates determined the "living wage" necessary to live comfortably in each US state. Some states, like New York, require an annual income of $95,724 to live comfortably. But the living wage for other states, like Mississippi, can be as low as $58,321. Visit Business Insider's homepage for more stories.
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Here is a breakdown of the costs for getting a German motorcycle licence. This assumes that you already have a Klasse B licence (for cars). In total, expect to pay 1000€ to 1500€ to get your motorcycle licence1.
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Be a South African citizen or have permanent residency. Not earn more than R48 000 a year (R4 000 a month) if you're single. If you're married, your combined income shouldn't be above R96 000 a year (R8 000 a month).
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If you're seriously thinking of living abroad, the time to start saving is now. It's great to have seven to nine months' worth of living expenses in the bank — or in an easily accessible, low-risk savings vehicle — before you move abroad. You may need more or less depending on your lifestyle.
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The €50-60k per year is a minimum salary you have to consider if you want to live in Dublin, Ireland. Obviously, if you plan to live in Dublin alone. In case you are moving with the family including kids, the €50-60k most likely won't be enough.
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Anybody entering Germany from a third country (non-EU Member State) carrying cash (cash money and securities) with a total value of 10,000 euros or more must declare this amount of money to the competent German customs office in writing.
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🏝️ How much money do I need to move to Bali? You need enough money to cover your rent, your visa and your daily/monthly expenses. A month in Bali on the very cheap can cost as cheap as $500. Usually, people tend to get a bit fancy, so it would be more realistic to give yourself a budget of $1000 per month.
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Income tax in Germany is progressive. Rates start at 14% and incrementally rise to 42%. The top 42% rate applies to income above €55,961. Very high-income levels above €265,327 are taxed at 45%.
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The Bottom Line. If you want to have a nice time in Germany without spending too much, then plan on bringing 100 euros per day, including accommodations costs. This should cover food, attractions, minor shopping and some additional entertainment, and it's likely you'll have money left over each day.
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To apply, you'll need to take your child's original birth certificate (translated if not in German), residence permit and passport to your local employment office (Bundesagentur für Arbeit). If your child has an income of more than €7,680 per year, if you stop work or leave Germany, you are not entitled to Kindergeld.