Cost Of Living In Munich For Indian Students

Munich, commonly known as München, is a German city and the state capital of Bavaria. Munich, a city in the Free State of Bavaria in southern Germany, lies about 600 kilometers from Berlin. Munich, which has a history dating back over 800 years, has served as the capital of Germany’s richest state, Bavaria, since 1806. Munich is the third most populous and wealthiest city in the German Confederation, behind Berlin and Hamburg, with a population of more than 1.5 million.

Climate: Munich has four different seasons throughout the year, each with its own dramatic climate features that are typical of Germany: spring (March to May), summer (June to August), autumn (September to November), and winter (December to February).

Transportation: Trains and buses to neighboring cities constantly run through Munich Station and Munich Bus Station.

Education: Munich is among the top cities in the world and Germany to pursue higher education. The top advantages of getting an education in Munich are:

• Munich is home to two of Germany’s premier universities, which rank among the top 70 in the world. They are renowned for both their affordable tuition and high-quality education.
• It has the headquarters of high-tech companies like BMW, Allianz, and Munich Re Group, as well as international consultancies like PWC, Deloitte, Accenture, and others, making Munich a great place to work. Additionally, having German as a second or third language offers up a wealth of work prospects both domestically and abroad.

Understanding the Expenses: Cost of Education in Germany for Indian Students

Cost of Living in Munich

Munich is one of Germany’s most expensive cities. In fact, the cost of living is considerably higher than that of a thriving financial center like Frankfurt. So if one is thinking of moving here, one better be ready!

Here is a breakdown of all the major expenses in Munich.

Housing: Living here is not incredibly cheap. If one wants a one-bedroom apartment in the city center, expect to pay at least €1,500 per month (excluding electricity). In Munich, there are fewer options for furnished apartments than in other major financial centers because the majority of apartments are rented without furnishings. 

Mobile services: Cell phones are inexpensive in Germany in addition to home internet. Telekom, Vodafone, and O2 are the top three companies. Numerous companies that sell their services under their names only subcontract spectrum to one of the major suppliers.

Transportation: Munich has an extensive network of buses, trams, city trains, and subways.

One can get a day pass for the entire day one spends in Munich and a monthly pass, so one won’t have to worry about getting about the city. The one-way ticket (transportation) costs 3.50 €, and the monthly pass (regular price) is 60.00 €.

Food: Any restaurant in Munich will have a special page on its menu dedicated to classic Bavarian dishes. A three-course meal will often run at about €150, whereas meals at budget cafés cost between €20 and €60.

Electricity: In Germany, electricity is typically not included in the monthly warm rent. One must sign up for a service and pay the monthly bill. However, everything is included in the Nebenkosten (additional expenses or the distinction between warm and cold rent). 

Read more about: why study in Germany

Cost of Living in Munich for Students

If you want to study abroad in Germany, don’t be scared of the high prices in Bavaria. Munich’s cost of living for students is acceptable, provided they are ready to share housing (a single room in shared flat costs between €400 and €600 per month without utilities) and shop at less expensive supermarkets.

Students will generally need roughly €1,000 per month to cover costs like health insurance and public transportation.

Top Universities in Munich

The following is a list of the top Universities in Munich:

Ludwig Maximilian University of Munich

Ludwig Maximilian University (LMU), which was founded in 1472, is a public university that is among the best in the world and now occupies the top spot among all universities in Germany. LMU provides top-notch instruction in various subjects, including American Studies, Communication studies, Business Management, Physics, Economics, History, Law, and Political Science. It has more than 50,000 students and 6000 academic members.

The Technical University of Munich

Technical Institution of Munich (TUM), regarded as the top university in Germany, is renowned across the world for providing in-depth technical courses with technological research at their core. King Ludwig II founded TUM in 1868, making it the first on the list of top universities in Munich.

University of Applied Sciences in Macromedia

Over 70% of the students at Macromedia University of Applied Sciences are foreigners, making it one of the top German universities for journalism, management, media management, communication design, and cinema and television. The institution is renowned for its demanding study projects and practice-oriented instruction that often takes place within a network of more than 500 prominent organizations.

EU Business School – Germany (EU Munich)

EU Business School – Germany (EU Munich), one of Munich’s top business schools, blends the best aspects of American and European business education by putting classroom theory to use in the real world. The university is recognized for enrolling 95% of students from outside.

Universität der Bundeswehr München

Originally founded to train military personnel, Universität der Bundeswehr München is also known as the “University of the German Federal Armed Forces.” The university now boasts a varied student body, including some from abroad. 

Conclusion

The cost of living will vary depending on one’s lifestyle, where one chooses to live, and the size of one’s family. When compared to other European nations, Germany has a very high standard of living and a comparatively low cost of living. One’s pay should be more than enough to take care of basic needs while still leaving them with extra cash to go on vacation or spend a few nights out with their friends.

Further Read: Education System in Germany