One of the most important elements of preparing to live in a new area is evaluating the cost of living in comparison to the costs in the area that you are currently residing in. When you live in different locations, the cost of living varies. Therefore, while you are preparing to move to Frankfurt in order to study, you should compare your current cost of living to the relevant cost in Frankfurt. Some of the biggest elements that are affected by cost of living factors include: prices at restaurants, supermarkets, transportation, utilities, clothing, rent, and leisure.
The prices at restaurants can vary from venue to venue. It all really depends upon the amount of money you feel comfortable delegating to a night out at a restaurant and what level of restaurant you are looking to visit. For an inexpensive restaurant, you can look to spend anywhere from 8 to 10 euros on a full meal. If you are looking at a fast food restaurant the prices can range from 6 to 7 euros for one meal. Imported beer, if you are of age, will range from 3 to 4 euros, and domestic beer will usually range from 2.50 to 3 euros. Beverages like water can range from 1 to 2 euros, a can of fizzy drink will range from 1.50 to 2.50 euros, and coffee can range from 2 to 2.80 euros. This is a general ballpark of common items at restaurants in the Frankfurt area.
If you are going to be cooking your own meals frequently, then you should be familiar with the cost of living expenses and ranges of the local markets. Common items like milk will range from 0.55 to 0.90 euros. Then you will need bread, which ranges from 1.20 to 1.70 euros. If you are looking to get fancy with your meals and splurge on a high ticket item like local cheese then you can expect to pay anywhere from 8 to 15 euros. Chicken breasts can range anywhere from 7 to 8 euros, and eggs can be 1.70 to 2.20 euros for six.
Transportation in the Frankfurt area will cost different amounts than it costs in your area. Considering that you will want to see all that Frankfurt has to offer, you should be familiar with the transportation costs. A one-way ticket on local transportation can range from 2.50 to 2.60 euros, whereas a monthly pass can be anywhere from 78.50 to 81 euros. A taxi in normal traffic to start will cost 2.75 to 2.90 euros, the first kilometre will cost 1.65 – 1.90 euros, and the first hour will cost 21 to 25 euros. There are ways to save money with transportation; you just have to understand the system in order to do so.
Utilities in your living accommodation will be a significant expense from month to month. Basic electricity, heating, water, and rubbish disposal will run from 120 to 250 euros depending on the size of the apartment. Then you will also have to take in to consideration that you will need a phone and the phones for varying areas of the world have different usage plans. Typically, you can add time depending on where you are and obviously the price of the minutes in the usage plan will vary based on the cost of living in that area.