The cost of living in Frankfurt can range from moderate to expensive, depending on individual lifestyle and preferences, with daily budgets for visitors and expats varying from $80-150 USD per day for backpackers to $250-400 USD per day for mid-range travelers.
Quick Facts
Cost LevelExpensive
Daily Budget (Backpacker)$80-150 USD
Daily Budget (Mid-Range)$150-300 USD
Daily Budget (Comfort)$250-400 USD
CurrencyEUR
Tipping Customexpected (5-10% in restaurants and bars)
How Expensive Is Frankfurt?
Frankfurt, as a major financial hub in Europe, tends to have a higher cost of living compared to other cities in Germany and many parts of the world. The city's proximity to the European Central Bank and its role in international finance contribute to its expensive nature. However, when compared to other major financial centers like London or New York, Frankfurt can still offer a relatively balanced lifestyle in terms of cost and quality of living. The cost of housing, food, and transportation in Frankfurt can be steep, but the city also offers a high standard of living, excellent infrastructure, and a wide range of cultural and entertainment options.
The cost of living in Frankfurt is influenced by its status as a global financial center, attracting professionals and businesses from around the world. This demand for housing, services, and amenities drives up prices, making Frankfurt one of the more expensive cities in Germany. Despite this, the city remains an attractive destination for tourists and expats alike, offering a unique blend of traditional German culture and modern, cosmopolitan lifestyle.
Accommodation Prices
Type
Price Range (USD/night)
Notes
Hostel/Budget
$30-60
Basic dorms and rooms, often with shared facilities
Mid-Range Hotel
$100-200
3-star hotels with standard amenities and comfortable rooms
Luxury/Resort
$250-500
High-end hotels with premium services and luxurious rooms
Apartment Rent (monthly)
$1,200-3,000
1-bedroom apartments in the city center, prices vary based on location and amenities
Food & Dining Prices
Meal Type
Price Range (USD)
Street Food / Local Eatery
$10-15
Casual Restaurant
$20-35
Mid-Range Restaurant (2 people)
$50-80
Fine Dining
$100-200
Beer (local)
$5-8
Coffee
$3-5
Water (1.5L bottle)
$2-3
Transport Costs
Transport
Cost (USD)
Local bus/metro ride
$2-3
Taxi (per km)
$2-3
Domestic flight
$100-200
Fuel (per liter)
$1.50-2.50
Monthly Budget Breakdown
Category
Budget ($)
Mid-Range ($)
Comfortable ($)
Rent
800
1,500
2,500
Food
500
800
1,200
Transport
100
150
200
Utilities
150
200
300
Entertainment
200
300
500
Total
1,750
3,050
4,700
Money-Saving Tips
Consider sharing an apartment with others to split the cost of rent, which can be one of the biggest expenses in Frankfurt.
Use public transportation, which is efficient and relatively affordable, to get around the city instead of taxis or owning a car.
Eat at local eateries or street food stalls for more affordable meal options, and try traditional German dishes which are often priced lower than international cuisine.
Take advantage of the city's many parks and green spaces for free entertainment and relaxation.
Look for discounts or special offers at museums, galleries, and other cultural attractions to save on entertainment costs.
Shop at local markets or discount stores for groceries and other essentials to save on living expenses.