When you relocate, monetary matters are key. This does not only apply to the moving expenses and the cost of living in Germany. Expats also have to settle such financial matters as opening a bank account and finding a tax accountant. Moreover, preferred payment methods often vary between countries.
While expats in executive jobs often have pretty generous salaries, the average expatriate will probably be relieved to hear that the cost of living in Germany is not excessive. The country is slightly cheaper than the EU average, and you usually get your money’s worth: While prices in Germany’s largest cities can be fairly high, they are moderate in comparison to other expat destinations. Moreover, Germany has a fairly good standard of living. To make the most of your expat budget, it still pays off to talk to your employer about a potential expat allowance. Rental fees in some German metropolises have increased sharply over the past few years, and expat families with kids might have to pay tuition for childcare or an international school. At least, you don’t have to look into private health insurance if you are afraid of the costs: As long as you are gainfully employed in Germany, you will be covered by the country’s public healthcare system.