Money on your doorstep
Regions
Munich costs three times as much as Leipzig but does not pay three times as much. Twelve cities where living, earning and investing add up very differently.
Purchase price in thousand euros per square metre
Existing flats, reference values 2026. The colour runs from green (under €3,000) to rose (over €8,000).
Twelve portraits
Living, earning, taxes, investing
Dearest city, highest salaries
Munich
Banks, commuters, high taxes
Frankfurt am Main
Port, Elbe, 5.5 percent
Hamburg
Capital, rent cap legacy, catching up
Berlin
The basin, corporations, home builders
Stuttgart
Kö, corporations, 6.5 percent
Düsseldorf
Cathedral, media, million city
Cologne
Franconia, 3.5 percent, Mittelstand
Nuremberg
Trade fair, the middle, 5 percent
Hanover
Port, aerospace, the cheap north
Bremen
Boomtown east, yield, Wilhelminian stock
Leipzig
Florence on the Elbe, chips, ownership
Dresden
| City | Purchase price | New rent | Yield | Median gross | Purchasing power | Transfer tax |
|---|---|---|---|---|---|---|
| Leipzig | €2,600 | €9.0 | 4.2 % | €3,600 | 90 | 5.5 % |
| Dresden | €2,700 | €9.5 | 4.2 % | €3,700 | 92 | 5.5 % |
| Bremen | €3,000 | €10.5 | 4.2 % | €4,100 | 98 | 5.0 % |
| Hanover | €3,400 | €11.0 | 3.9 % | €4,200 | 102 | 5.0 % |
| Nuremberg | €3,900 | €12.0 | 3.7 % | €4,400 | 106 | 3.5 % |
| Stuttgart | €4,600 | €15.0 | 3.9 % | €5,100 | 120 | 5.0 % |
| Cologne | €4,600 | €14.0 | 3.7 % | €4,500 | 104 | 6.5 % |
| Düsseldorf | €4,700 | €13.5 | 3.4 % | €4,800 | 118 | 6.5 % |
| Berlin | €5,100 | €15.0 | 3.5 % | €4,300 | 96 | 6.0 % |
| Frankfurt am Main | €5,600 | €16.5 | 3.5 % | €5,200 | 118 | 6.0 % |
| Hamburg | €5,900 | €15.0 | 3.1 % | €4,700 | 111 | 5.5 % |
| Munich | €8,300 | €21.0 | 3.0 % | €5,300 | 128 | 3.5 % |
Purchase price for existing flats per square metre, new lettings per square metre excluding utilities, gross rental yield, median full-time monthly gross salary, purchasing power index Germany = 100, real estate transfer tax of the federal state. Reference values 2026.
Calculator