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This is where pensioners in Germany live the cheapest

2020-10-27T06:57:22.232Z


How much are 1,000 euros worth in which regions of Germany? A study provides information about the purchasing power of the pension. Here is the result.


How much are 1,000 euros worth in which regions of Germany?

A study provides information about the purchasing power of the pension.

Here is the result.

  • Where do pensioners live with their livelihood cheapest in Germany?

  • A study found where the cost of living is particularly low - and where it is particularly high.

  • Here are the results of the nationwide ranking.

Where do pensioners live cheapest in Germany?

The amount of the

pension

*

is one thing - but there are also the

cost of living

.

And the

purchasing power of pensions in

particular

varies depending on the region in Germany, according to

a report by the SZ.

What can retirees * actually afford and where? 

The report refers to a study by Prognos AG for the "7 years longer" initiative, which the German Insurance Association (GDV) launched.

The

cost of living of retirees in 401 districts and urban districts was

compared

.

The result, writes SZ.de: The retiree paradises are currently more in the

new federal states

.

Pensioners there have more of their

money

, also because

rents are

often

much cheaper than in the west

.

According to the study,

pensioners in expensive Munich have a purchasing power of 763 euros

.

In the

Brandenburg district of Elbe-Elster, however

, the real value would be 1,158 euros.

Also read

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Study: Place of residence influences prosperity in old age

An author of the study is quoted in the report as quoted by one of the authors of the study, as quoted in the report

that the place of residence has a major influence on the cost of living and thus prosperity in old age

.

At the same time,

however

,

more expensive areas

do not necessarily have to be less attractive, since

wages and pensions there tend to be higher than in cheaper regions

.

What is also noticeable about the study is

that life

is

particularly expensive for pensioners * in Bavaria

- Munich in the lead.

Seven of the ten most expensive retirement homes in Germany are located in the Free State.

Behind the state capital, the

districts of Munich

and

Starnberg are

on the other places in the Germany-wide ranking.

In general, the economically strong south of the republic is more expensive:

40 of the 50 most expensive regions are spread across Bavaria, Baden-Württemberg and Hesse

.

What 1,000 euro pensions are worth

The five most expensive districts in Germany 

place

country

circle

Real purchasing power of 1,000 euros in pension  

1

Bavaria

City of Munich

763 euros

2

Bavaria

District of Munich

826 euros

3

Bavaria

Starnberg district

828 euros

4th

Hesse

town Frankfurt am Main

839 euros

5

Bavaria

Miesbach district

849 euros

Source: Prognos

The five cheapest districts in Germany

place

country

circle

Real purchasing power of 1,000 euros in pension

397

Lower Saxony

Lüchow-Dannenberg district

1,145 euros

398

Thuringia

Kyffhäuserkreis

1,148 euros

399

Saxony

Vogtland district

1,149 euros

400

Lower Saxony

Holzminden district

1,556 euros

401

Brandenburg

Elbe-Elster district

1,558 euros

Source: Prognos

 According to its own information, the institute adapted the weighting of the

general shopping basket of the Federal Statistical Office

to the

consumption behavior of people over 65

for the

evaluation

.

Health care expenses

and

rents

,

for example, have a higher weight

in this

age group

.

Education

costs

, on the other hand, play a lesser role.

Sources: SZ Online, gdv.de, dpa

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* Merkur.de is part of the nationwide Ippen digital editorial network.

Source: merkur

All life articles on 2020-10-27

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