Have you just finished your studies or would you like to reorient yourself professionally and try a new location at the same time? Find out why living in Munich is such a great idea!
Living in Munich is a such a thrill for Expats. Life in Munich is an opportunity and offers a variety of opportunities to work for one of the top employers in Munich. But how good is the quality of life when living in Munich?
The Bavarian capital is one of the best addresses in Germany with its high quality of life. In addition to the world-famous Oktoberfest (planned for 2022), FC Bayern, lederhosen and dirndls, the city of Munich has a lot more to offer.
In this article we will show you the advantages and disadvantages of working and living in Munich and what opportunities Munich can offer you.
- Advantages and disadvantages of living in Munich at a glance:
- Quality of life through planning and investments makes living in Munich an great option
- Culture, leisure and special features of the Bavarian capital
- This is how Munich residents live
- Who can afford how much?
- The people of Munich live here for a particularly long time
- The people of Munich live as big or as small
- But what makes Munich so attractive?
- Life in Munich is expensive
- The entry into life in Munich with an attractive employer
- How can you best describe the work mentality of the people of Munich?
- Why is Munich referred to as the “northernmost city in Italy”?
Advantages and disadvantages of living in Munich at a glance:
- The quality of life in Munich is German top through planning and investments
- Culture, leisure and special features of the Bavarian capital
- Life in Munich is expensive
- Your entry into life in Munich with an attractive employer
Quality of life through planning and investments makes living in Munich an great option
The management consultancy Mercer conducts an annual study on the quality of life in major cities around the world. Munich has been able to shine with top ratings for years and is consistently represented in the top 10.
In recent years the city has been able to establish itself in the top 3 in the world. Together with the New Zealand metropolis of Auckland, they are currently in third place behind Vienna and Zurich.
German cities do particularly well when it comes to security. But none of this happened by chance, because Munich has invested heavily in high-tech infrastructures and the expansion of cultural institutions in recent years, thereby attracting new companies and talent.
Culture, leisure and special features of the Bavarian capital
Life in Munich is not only characterized by the strong economy, but also by a wide range of leisure and cultural activities. Of course, Oktoberfest is a unique cultural and international event for everyone in Munich (I’m sure a lot of people will enjoy the festival in 2022) , but there is more to discover than the three weeks of exceptional circumstances.
You can relax in the English Garden, which is in no way inferior to New York’s famous Central Park, or on the Isar, which meanders through the entire inner city and outskirts of Munich.
In addition to one of the best football clubs in the world, you can find a wide range of sports in Munich. From surfing the waves of the Isar to American football, you can practice almost any sport.
There is also a lot to discover in Munich. The Frauenkirche, Marienplatz, the German Museum and Nymphenburg Palace are just a few examples of the city’s many sights.
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This is how Munich residents live
The average Munich resident is 41.2 years old, lives alone and has a fairly good income. So far, so average. But new figures from the city show that Munich is definitely more diverse.
In the 25 city districts there is a different amount of wealth to consume, people move more often or much less often and people live in different sizes.
Around 1.6 million people live in 852,000 households in Munich and 75 percent of them rent.
Who can afford how much?
The average Munich resident has 30,200 euros available for consumer spending. This is quite good in comparison with the German average (22,000 euros). But of course: not everyone in Munich has a well-filled wallet – on the contrary.
And the wallet is also differently loose in the different parts of the city. The range here is between 20,000 and 40,000 euros, which are available for consumer spending.
The north and east of Munich have the lowest per capita values for consumer spending, such as Am Hart, Alte Heide, Berg am Laim, Messestadt and Neuperlach.
People have high purchasing power especially in the old town, in Lehel, in Solln and in Harlaching.
The 25 districts of Munich
- Milbertshofen-Am Hart
- Berg am Laim
- Pasing- Obermenzing
The people of Munich live here for a particularly long time
Daglfinger is sedentary and has lived in his apartment for 15 years. The people of Munich also stay the same long in Blumenau. In the Ludwigsvorstadt the residents stay the shortest, namely less than six years. Only in Freiham is the period of residence even shorter than three years – but this is also due to the fact that fewer older people live in new development areas. On average, people in Munich live in their apartment for eleven years.
People in the state capital are less likely to move than they did a few years ago – this is probably due to the fact that moving in a city where the property price boom always means higher rent. Seven percent of Munich residents moved in 2017, in 2008 it was eight percent.
The people of Munich live as big or as small
In 2017, 1.5 million people in Munich lived in 837,000 households. 75 percent live to rent. The average Munich resident lives in a household with 1.8 people and 39 square meters per capita. And: More and more seniors over 75 years of age are living alone. Their share of single-person households (including a good half of all households in Munich) is 12.9 percent (2011: almost nine percent).
If one compares the living space per capita, it decreased in 2017 compared to 2013. Where richer people live and there are more old buildings, people live larger. In Altstadt-Lehel people have an average of 46 square meters per capita, in Bogenhausen 40. Inhabitants in Milbertshofen and Am Hart have the lowest land use with around 27 square meters. There are also more multi-person households living in districts outside the ring.
But what makes Munich so attractive?
It’s the traditions, international openness and their uniqueness.
The many beer gardens, traditional costumes and dirndls shape the face of Munich and the people of Munich. In addition, the combination of a strong business location with employers such as BMW, Siemens and Microsoft, international connections and tradition is a unique experience.
Life in Munich is expensive
The high quality of life that the Bavarian city offers attracts many talents and specialists. The results are housing shortages and expensive rents. Due to the headquarters of many international companies, the salary level is relatively high. In addition to rents and other living costs, wages are also rising, and this is mainly true for academics and experienced professionals. Unfortunately, workers without a vocational qualification or craftsmen are often left behind and have to live on the outskirts of Munich and commute to their workplace in the city center.
The entry into life in Munich with an attractive employer
The economy in Munich is booming. Particularly strongly represented growth sectors are biotechnology, information and communication. Of the 30 DAX companies, seven are based in Munich alone, making them one of the top German companies. This means that there is also a wide range of jobs for specialists in the automotive industry, electrical engineering, IT development, finance, tourism and retail. Names like Microsoft, BMW, Siemens, Allianz, MAN and Munich Airport are among the city’s best-known employers.
Not only top German companies are settling here, there are also numerous start-ups and medium-sized companies. With over 92,000 companies, employees have a wide choice and the IT sector in particular is providing a great boom and there are often insufficient skilled workers. Find your chance with us, because we have the best contacts to the rising companies in the IT industry.
How can you best describe the work mentality of the people of Munich?
- Success-oriented – Many employees are particularly motivated due to the strong career opportunities and attractive employers.
- Focused – The cozy Bavarian tradition only takes place after work.
Fast – Working quickly is good form in Munich
- Innovative – In addition to global players, start-ups are in Munich and bring new winds.
Why is Munich referred to as the “northernmost city in Italy”?
It’s the lifeystyle. Munich is often referred to as the most northerly city of Italy because people sit outside as soon as the sun comes out. Cafés, parks and in particular the Biergarten, a Munich institution, are popular places to enjoy the good weather.
Munich used to be the capital of the kingdom of Bavaria and its majestic buildings offer a taste of Munich’s glorious past. Today, the city still has a thriving art scene, with many theatres, operas and galleries.
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