Where do you live the cheapest in Germany? The best purchasing power regions!

Where do you live the cheapest in Germany? The best purchasing power regions!

A current study by the Institute of German Economy (IW) shows the surprising differences in the purchasing power of the German population. The Bavarian districts of Starnberg and Miesbach are at the top, since their residents can afford significantly more despite high living costs compared to other regions. While Starnberger earns a real income of 35,392 euros with a nominal average income of 40,205 euros, the residents of Miesbach achieve similar conditions with 38,621 euros nominal and 35,335 euros real. On the contrary, Offenbach has the lowest purchasing power with a real income of only 19,022 euros, which illustrates the gap to the wealthy regions, such as merkur.de reported.

The study analyzes that although Starnberg and Miesbach are attractive to tourism, the high incomes in these counties are more than compensating for the high living costs. This explains that despite 14 percent higher costs than the national average, the purchasing power is highest with over 35,000 euros. In contrast, Gelsenkirchen, Duisburg and Offenbach in the ranking cut off extremely poorly. The high rents in urban areas contribute significantly to this weakness in purchase. According to DATEV-Magazin.de To take up building housing to reduce the pressure on social conditions.