What is the average cost of housing in Munich?

If you are thinking about moving to Munich, cost of living in probably a key consideration. Expats commented about the cost of housing...

"Lower here than the SF bay area. Cost is area dependent although Munich has the highest rents in Germany. Rents are now around 1,000 euro for a 2 room apartment (living room and bedroom) cold. You may have to install your own kitchen and lighting. Buying in our area is about 5,000 euro per quadra meter (10,75 sq. ft.) We don't have a car, rent as needed, saves 60-100 per month on garage fees," commented one expat who made the move to Munich, Germany.

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"The cost of housing in Munich is generally quite high. Renting an apartment in the city center can cost anywhere from €1,000 to €2,500 per month, while a one-bedroom apartment outside the city center can cost around €800 to €1,200 per month. Buying a property in Munich is also expensive, with the average price for a single-family home being around €4,000 to €5,000 per square meter," remarked another expat in Munich, Germany.