The cost of living in Hanover is so high

Inflation affects many people. The energy crisis seems to be easing and the inflation rate is gradually falling. But food prices in particular are rising rapidly at the moment – ​​not to mention rents. But what is the cost of living in the big cities? Example Hanover.

Rents in Germany have been rising for years – especially in the big cities. But the energy crisis and inflation have made life in this country much more expensive. It is true that energy prices now seem to be relaxing somewhat.

However, the prices of many foods and products continue to rise. But how expensive is life in the big German cities in comparison? Today: the current cost of living in Hanover.

Cost of living in Hanover: How expensive is Lower Saxony?

The so-called “Cost of Living Index” is a theoretical price index that compares the costs of different products and services in different countries or cities. There are now numerous websites that promise such a price comparison.

However, the Numbeo platform is considered one of the largest data-based platforms when it comes to the cost of living. The “Cost of Living Index by City 2023‘ compares the cost of living in hundreds of major cities around the world. The city of New York City, which is generally regarded as one of the most expensive cities in the world, forms the benchmark and general comparative value.

According to Numbeo, the cost of living in Hanover is 68.5 (New York City: 100.00). This puts the state capital of Lower Saxony in 140th place in the ranking (as of July 3, 2023). In comparison: Berlin with a value of 70.5 in 114th place, Munich in 86th place with a price index of 73.5 and Cologne with a cost of living index of 69.4 in 122nd place.

How high are the rents in Hanover?

When it comes to the cost of living, Hanover is the tenth most expensive city in Germany. In an international comparison, the city is 31.5 percent cheaper than New York City (without rent).

Taking into account the rental prices (Cost of Living Index Plus Rent Index), the Lower Saxony state capital is even 54 percent cheaper than the US metropolis. In a national comparison, Hanover ranks 13th in terms of cost of living plus rents – and is even behind cities such as Darmstadt and Freiburg.

According to Numbeo – as of July 3, 2023 – the rental prices for a single household are as follows: 705.56 euros for an apartment in the city center and 550.00 euros rent for an apartment outside the center. For a family of four: 1,373.33 euros in the city center and 977.78 euros outside the center.

Cost of living: How much money do you need in Hanover?

According to the index platform Numbeo, the cost of living in Hanover for a family of four is 3,318.28 euros (without rent) and 4,691.61 euros (with rent in the city center) and 4,296.06 euros outside the city center.

For a one-person household, the evaluation is as follows: 973.37 euros (without rent) and 1,692.82 euros (with rent in the city center) as well as 1,523.37 euros outside the center. Overall, the evaluation includes all living expenses: rent, ancillary costs, restaurant visits, clothing, groceries, car, travel, savings and more.

Depending on consumer behavior and living conditions, the cut can vary. In order to calculate the individual living costs in Hanover and Co., the platform provides an in-house calculator ready.

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