The Bavarian state capital is the leader among Germany’s cities when it comes to rental prices: With an average rental price of EUR 18.48 per square meter in the first quarter of 2021, Munich is even well ahead of Frankfurt in second place (EUR 15.75) and Stuttgart in third place (EUR 18 .48 euros). Anyone who lives in Munich studies there or works there has known for a long time that the cost of living is high. Without a good salary, it will be difficult in Munich. But how much do Munich residents earn? We looked at our data and determined the average salary for Munich.
The average salary in Munich
The current average salary for Munich is currently 55,763 euros gross per year. This puts Munich at the top of the list of German cities with the highest salaries, followed by Stuttgart and Frankfurt am Main. After all: Munich is not only the city with the highest rents, but also the highest average salary in Germany – the income seems to be in relation to the rents. However, whether the salary really covers the cost of living in the Bavarian state capital is another very individual question. The salary satisfaction of Munich residents is rather positive: According to users, it is 64 percent and also places Munich in the top 3 German cities in this area.