Mehr als 50.000 Jobs in Hamburg, Hamburg, Deutschland (2024)

FAQs

Is 50k a good salary in Germany? ›

€50,000 per year is a good salary to lead a decent life. Which is around €4,200 per month. Your net salary after taxes would be €2,584 if you are single and €2,935 if you are married.

Salaries in Hamburg

In 2022, a good net salary in Hamburg is considered to be between €3,000 and €3500. This level of income would cover the cost of a two or three-bed apartment, eating out and even weekends away.

A German income tax calculator shows that you'll retain from 51 to 68% of that amount, depending on your marital status and your wife's earnings, with the average being 58%, which makes your salary 58000 euro per year or 4850 euro per month. That is indeed a decent salary for Germany.

The average monthly living expenses in Germany (for non-students) is around €1,200, but there are many factors which can affect this, especially location.

The cost of living in Germany is quite reasonable compared to other European countries. As a single person, you will need a minimum of €934 per month (around $1,018 US dollars) or €11,208 per year (around $12,217 US dollars) to cover your living expenses in Germany as of 2024.

Let's look at the facts: In the United States, the median household income is $57,617, which often includes multiple household members' incomes as well as side gigs. Considering that 47% of the country makes less than $50,000 per household, you're already in the upper crust.

To maintain a comfortable lifestyle in Hamburg, a family of three would ideally have a monthly net income of around €4,000. This figure should cover all basic needs, including housing, food, transport, health insurance, and other regular expenses, allowing for a decent standard of living.

Rental prices

Average prices in Hamburg lie between 11 and 13 euros per square metre. The so-called Kaltmiete (lit. 'cold rent') doesn't include heating, water and electricity, while the Warmmiete is what you can expect to pay with utilities (other than internet) included.

How much is rent in Germany? ›

For instance, the average rent in Germany is €957 per month. However, when you search homes for rent in Berlin and Munich, expect an average rent of €1,254, whereas, in Stuttgart and Düsseldorf, you'll find a lower average rent of €1,059 per month.

Prices for Houses in Germany

The Immowelt platform reports that in 2023, the average cost of a finished house is 2,971 euros per square meter. In Hamburg, housing will cost you 5,781 € per m², while in Munich, it's as high as 10,420 € per m².

Taking into account such major categories as housing, food, and utilities, life in Germany is 13.5% cheaper than in the United States. The data used for this was compiled based on user feedback and price indices in October 2024.

To reach the top 1 percent of earners, you would need a monthly take-home salary of 7.190 euros. This is equivalent to an annual net income of almost 86.000 euros, after taxes, or an annual gross salary of around 150.000 euros.

As you do your research, you may see in different forums that 60.000 euros gross a year in Germany is considered to be a good gross salary. It is well above the average salary of 47.700 euros per year and slightly above the national average. Approximately 18% of the national population earns this amount or more.

In its most recent figures from December 2021, the Institute for German Economy (IW) found that a single person earning €3,700 a month after taxes qualifies as rich, as that puts them in the top ten percent of earners in the country.

A good salary in Germany is usually above Germany's median salary of 43.750 euros gross a year and above the average gross wage of 50.250 euros gross a year. A salary between 64.000 and 70.000 euros gross a year is considered a good salary in Germany.