Monthly Cost of Living for 3 Adults in Frankfurt, Germany: Basic and Comfortable Budgets
When considering the cost of living for three adults in Frankfurt, Germany, the expenses can significantly vary depending on lifestyle choices, housing options, and personal spending habits. However, as of August 2023, here is a detailed breakdown of the basic and comfortable monthly costs.
Basic Monthly Costs
For a budget-friendly lifestyle, the basic monthly expenses for three adults in Frankfurt can be estimated as follows:
Housing Rent
Shared Apartment (3-bedroom): Approximately €1800 - €2500Utilities
Electricity, Heating, Water, Garbage: Around €300 - €400Groceries
Around €400 - €600Transportation
Public Transport Pass: Around €100 - €150 per person, totaling €300 - €450 for three adults.Health Insurance
Mandatory health insurance can cost around €300 - €400 per person, totaling €900 - €1200 for three adults.Miscellaneous
Clothing, Entertainment, etc.: Approximately €200 - €400The total basic monthly cost for three adults in Frankfurt is approximately €3900 - €5550.
Comfortable Monthly Costs
For a more luxurious lifestyle, the comfortable monthly expenses for three adults in Frankfurt can be estimated as follows:
Housing Rent
Nicer Shared Apartment or Small Private Apartment (3-bedroom): €2500 - €3500Utilities
Approximately €300 - €500Groceries
Around €600 - €800Transportation
Public Transport Pass Occasional Taxis or Rideshares: Around €300 - €450Health Insurance
Approximately €900 - €1200Miscellaneous
Dining Out, Entertainment, Travel: €400 - €800The total comfortable monthly cost for three adults in Frankfurt is approximately €5100 - €8700.
Note: These estimates can fluctuate based on individual lifestyle choices, location within Frankfurt, and current economic conditions. It is advisable to research current rental prices and other expenses for the most accurate and up-to-date budgeting.
Conclusion
The cost of living in Frankfurt can vary greatly. Even with the basic budget, housing is likely to be the most expensive component, ranging from €1800 to €2500 per month for a shared apartment. The rest of the expenses can be managed according to personal desires, but at a minimum, €300 for three people is required for utilities, groceries, and public transport.
Cost of Living Comparison
For a more detailed comparison, consider the following:
Cost of Living in Frankfurt vs. AmsterdamNote: There are two Frankfurts - the big one, Frankfurt am Main, and a smaller town in Eastern Germany, Frankfurt an der Oder.