How Much Does It Cost to Live In Hanover?
Hanover is for medical students and university workers.
This is quite an educational city with a great variety of universities, colleges, and exhibitions.
Hanover is very green in the warm season which makes people want to come here in spring and summer or in the autumn.
The winters are cool here but if you are not afraid of cold this is a great opportunity to discover the city in less tourists.
All in all, Hanover is a very friendly city with most of the young people speaking English.
This German city has a large airport, an autobahn with no speed limits on some parts of the road, and a very well-planned infrastructure.Cost of Living Index:
Germany : Cost of Living by City
Locals in Hanover often meet in the grill bars, cafes, bistro, and pizza houses.
Of course, a large number of restaurants open their doors to the most demanding visitors.
Depending on your tastes, you could choose to have lunch in a Mexican restaurant, a sandwich bar, a seafood restaurant, or have a cup of Starbucks coffee.
Market fresh products seem to be part of the Hanover culture.
This is a place to try new foods, make new friends, and spend a new sum of money.
Some of the markets do not have that rich variety of products that many people are searching for, but this only means that the ready-to-eat food and pastries are better sold out fresh.
The airport in Hanover flies people to the neighboring cities in Germany or to the cross-the-border destinations.
Buses, trams, fast trains, taxis, and bicycles are all at your disposal.
We have already mentioned the autobahn so all of these make Hanover a very transport-friendly city.
There’s something in Hanover that will definitely make you come down from your dreams.
Amenities, capacities, appliances require attention and on-time payments.
The mobile phone connection is a little bit higher than in Hamburg, but the utilities are much cheaper in Hanover.
SPORTS & LEISURE
If only you are not that cool guy playing in the top football team in Hanover, you are definitely a bright personality looking for some sweet ways to spend your leisure with pleasure.
You can play rugby, ice hockey, sail, yacht, or row.
The sports can be perfectly combined with the other cultural events like exhibitions, and a lot of Hanover residents use this opportunity the exhibition city has given them.
CLOTHING & SHOES
Hanover has created that tiny village houses which are also the large pedestrian streets where most of the main shops and boutiques are concentrated.
Large commercial centers have already prepared for your visit so you just need to take your bag and go shopping in one of these stores.
RENT PER MONTH
Monthly rent is often excluded from the official statistics on how much a single person or a family spend monthly.
Actually, the apartment in the urban area which has only one bedroom costs $734.63 on average, while a three-bedroom apartment in the city center is $1230.49 per month.
Cost of Living Averages Table for Hanover*Note: All prices are indicated in USD.
|Average Restaurant Prices|
|Meal (Inexpensive Restaurant)||$11.20|
|Domestic Beer (0.5 Liter)||$4.20|
|Water (0.33 Liter)||$2.05||Average Market Prices|
|Milk (1 Liter)||$0.76|
|Loaf Bread (500g)||$1.42|
|Eggs (12)||$1.82||Average Transport Prices|
|One Way Ticket||$3.02|
|Gasoline||$1.48||Average Utilities Prices|
|Basic (Water, Electricity, Garbage, Heating, Cooling)||$182.18|
|1 min. of Prepaid Mobile Tariff Local||$0.12|
|Internet (Unlimited Data, Cable/ADSL)||$32.74||Average Leisure Prices|
|Fitness Club, Monthly Fee for 1 Adult||$25.76|
|Tennis Court Rent (1 Hour)||$16.80|
|Cinema, 1 Seat, International Release||$13.44||Average Clothing Prices|
|1 Pair of Jeans (Levis 501 Or Comparable)||$86.87|
|1 Summer Dress in a Chain Store (Zara, etc...)||$34.30|
|1 Pair of Adidas Walking Shoes (Mid-Range)||$78.41||Average Rent Prices|
|Apartment (1 bedroom) in City Center||$734.63|
|Apartment (1 bedroom) Outside of Center||$537.67|
|Apartment (3 bedrooms) in City Center||$1230.49|
How Does the Average Person Spend Their Money in Hanover?
Some of the markets have large choices and high prices, the others are for the budget locals and foreign visitors.
Actually, an average resident of Hanover spends more on the markets than he does on monthly rent, eating out or riding mass transit.
According to the witness given by the local citizens of Hanover, about 7.3% of income is spent on the utilities, 5.5% go to sports and leisure and the rest is spent on outfit and leisure time.
Shopping for clothes and shoes is not a priority in Hanover, and this is supported by the statistics.
Only 3.1% of the money is spent on chain stores and less known brands.
Average Costs Breakdown
Hanover: Average Salary, Minimum Wage & Mortgages
The mortgage interest rate is slightly higher than in most cities in Germany.
If you are one of those lucky persons having taken the housing loan for 20 years, you will be obliged to pay 2.03% of interest annually.
At the average salary of $2712.27, this percentage does not seem too high, though.
Even the national minimum wage $1782.8 monthly is enough to live on in Hanover.
Based on the locals’ reports, a single person in Hanover spends around $923 on average (rent is not included).
This figure increases to $3,153.61 if you live in Hanover with a wife/husband and two kids.
Cost of Living by City in Hanover
|City||Cost of Living Index|