Can you Live in Germany on €80K Salary with a Family?

Summary

This video provides an insightful breakdown of the salary, cost of living, and benefits for engineers with 8-10 years of experience in Germany. With an average annual salary of 80,000 Euros, net monthly earnings are around 5053 Euros, while monthly expenses range from 2800-3500 Euros. The video highlights how social security, free education, and minimal healthcare costs make Germany an attractive destination for families. It also emphasizes the stress-free visa situation and offers a free mini-course for job seekers to navigate the application process and prepare for a career in Germany.

Takeaways

• 😀 Engineers in Germany with 8-10 years of experience can expect an average annual salary of 80,000 Euros.
• 😀 The gross monthly salary for an 80,000 Euro annual salary is approximately 6,666 Euros, while the net monthly salary after taxes and social security is around 5,053 Euros.
• 😀 Monthly living expenses in Germany for a family of four can range from 2,800 to 3,500 Euros, depending on the city and lifestyle.
• 😀 Rent in Germany can vary from 1,200 to 1,800 Euros per month, depending on the location and size of the apartment.
• 😀 A family of four can expect food expenses of approximately 1,000 Euros per month in Germany.
• 😀 Transportation costs, including car leasing or ownership, can range from 300 to 400 Euros per month.
• 😀 Germany offers significant tax benefits for married individuals with children, making it more affordable to raise a family compared to single individuals.
• 😀 Health insurance in Germany is covered by the social security system, which provides coverage for the entire family at minimal additional cost.
• 😀 Despite the seemingly lower salaries compared to countries like the U.S. or Switzerland, the social benefits, healthcare, and job security in Germany make it an attractive place to live and work.
• 😀 Engineers can expect to save between 1,500 and 2,200 Euros per month after covering their living expenses in Germany, with potential for higher savings if both spouses work.
• 😀 The visa process in Germany is less stressful compared to other countries like the U.S., with less fear of job loss leading to visa issues, offering a more stable and peaceful living experience.

Q & A

What is the average salary for an engineer with 8-10 years of experience in Germany?

The average salary for an engineer with 8-10 years of experience in fields like IT, electronics, mechanical, electrical engineering, or biotechnology is around €80,000 per year. However, this can range from €60,000 to €130,000 depending on the city and sector.

How does the salary in Germany compare to countries like the U.S. and Switzerland?

In the U.S., engineers with similar experience can earn between €120,000 and €150,000 annually. In Switzerland, salaries can be similarly high. However, Germany offers advantages in terms of lower stress related to work visas and stronger social security benefits.

What is the net monthly salary for an engineer earning €80,000 in Germany?

For an engineer earning €80,000 annually in Germany, the net monthly salary after taxes and social security deductions is approximately €5,053.

What are the typical living expenses in Germany for a family of four?

Typical living expenses for a family of four include: €1,200 to €1,800 for apartment rent, €1,000 for food, €300 to €400 for transportation (if leasing a car), and €300 for miscellaneous expenses. This brings total monthly expenses to around €2,800 to €3,500.

How much can an engineer save each month in Germany on a salary of €80,000?

An engineer with a salary of €80,000 per year can save between €1,500 and €2,200 each month, after covering typical living expenses.

What are the major benefits of living and working in Germany, according to the video?

The major benefits include a high level of social security, low or zero educational fees for children, comprehensive health insurance for the whole family, and job stability with less visa-related stress compared to countries like the U.S.

Are there any special tax benefits for families in Germany?

Yes, Germany provides significant tax benefits for families. The country encourages families to have more children as part of a policy to counter its aging population. This results in lower taxes for families compared to single individuals.

How does the social security system in Germany work for families?

In Germany, the social security system covers health insurance for the entire family, including children. This means medical expenses are generally low or nonexistent, which is a major benefit for families living in Germany.

What kind of job-related stress can be expected in Germany compared to other countries?

In Germany, work-related stress is generally lower, especially in terms of visa security. Unlike countries like the U.S., where a work visa can be a source of constant anxiety, Germany offers a stable work and visa environment, allowing employees to focus on their jobs without fearing sudden visa issues.

What kind of course is available for those looking to work in Germany?

There is a free mini-course available that guides potential job seekers through the process of applying for jobs in Germany. It covers topics such as creating a CV, writing a cover letter, understanding the job market, preparing for interviews, and understanding work contracts.