Hamburg · EUR · high cost city
Savings rate in Hamburg — are you on track?
Hamburg is a high cost city. Hamburg median rent is €1,400/month, the second-highest in Germany after Munich. Hamburg's higher costs relative to the German average mean mid-income earners face a moderate savings squeeze.
Median rent
€1,400/mo
Hamburg 2023
Typical other costs
€1,000/mo
excl. housing
Savings benchmark
11–19%
mid-income EUR
Pre-set for Hamburg — adjust to your situation
What a good savings rate looks like in Hamburg
Using data from Destatis EVS 2023, people at mid-range incomes in Germany typically save between 11–19% of gross income. In a high cost city like Hamburg, housing costs can compress that meaningfully — especially for renters.
Minimum
11%
floor — not building
Expected
15%
benchmark
Strong
25%
top tier
Source: Destatis EVS 2023. Benchmarks shown for mid-income earners in Germany.
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