The German Economic Institute (IW) has examined where people can afford the most with their money. The basis of the study was the regional price index, which the Federal Institute for Building, Urban and Spatial Research (BBSR) published together with the IW in October. But this does not yet indicate whether people in the cheaper regions can afford more than in others. The IW experts now put the prices in relation to income. They determined how much residents in the 400 districts and independent cities can afford.
Purchasing power is lower in most large cities
The result: The big cities perform rather poorly in the purchasing power ranking. Purchasing power, i.e. price-adjusted income, is in many cases significantly stronger in smaller municipalities than in large German cities. The people in the Olpe district and the Wunsiedel district can afford more than the people of Munich, even though these regions are not considered particularly rich, according to the experts. The explanation: The residents of the Bavarian capital Munich have the second highest income, but life there is more expensive than in any other German city. This means that the people of Munich only make it to 24th place in the purchasing power ranking.
The German metropolises also perform comparatively poorly in the purchasing power ranking: Hamburg comes in 297th, followed by Stuttgart (301st), Cologne (349th), Frankfurt (370th) and Berlin (376th). Only Düsseldorf, along with Munich, is an exception. The city is ranked 103rd among the municipalities with the greatest purchasing power. At the bottom of the ranking are structurally weak cities, including Duisburg and Bremerhaven.
Highest purchasing power in Starnberg
Not surprisingly, this ranking also confirms that people from Starnberg can afford the most. Although life in the Starnberg district is around 14 percent more expensive than the national average, purchasing power is highest there. If you take into account the regional price differences, every Starnberger has almost 33,000 euros net per year. For comparison: Gelsenkirchen residents can afford the least. They come in at number 400 in the purchasing power ranking and are therefore right at the bottom.
In addition to the Starnberg district, residents in the Hochtaunuskreis (Hesse) can afford the most with just under 31,000 euros and the people of Baden-Baden with only around 140 euros less. Although prices are above average in both regions, purchasing power is still particularly high in these regions due to high incomes.
The ten districts with the highest purchasing power in Germany
Platz 1 among the districts with the highest purchasing power in Germany:
Landkreis StarnbergBavaria has 32,831 euros in purchasing power per capita, an increase of 34.7 percent compared to the national average
Platz 2
Hochtaunuskreis, Hesse
Purchasing power per capita of 30,983 euros, an increase of 27.1 percent above the national average
Platz 3
Baden-Baden Purchasing power per capita of 30,839 euros, an increase of 26.5 percent compared to the national average
Platz 4
Miesbach district, Bavaria has 29,193 euros in purchasing power per capita, an increase of 19.8 percent compared to the national average
Platz 5
Munich district Purchasing power per capita of 28,892 euros, an increase of 18.6 percent compared to the national average
Platz 6
Rhine-Palatinate districtRhineland-Palatinate: Purchasing power per capita of 28,773 euros, an increase of 18.1 percent compared to the national average
Platz 7
Bad Dürkheim districtRhineland-Palatinate, purchasing power per capita of 28,686 euros, an increase of 17.7 percent compared to the national average
Platz 8
Erlangen-Höchststadt districtBavaria, purchasing power per capita of 28,564 euros, an increase of 17.2 percent compared to the national average.
Platz 9
Olpe district, NRW, 28,442 euros purchasing power per capita, plus 16.7 percent compared to the national average
Platz 10
HeilbronnBaden-Württemberg, 28,430 euros per capita, an increase of 16.7 percent compared to the national average
The ten districts with the lowest purchasing power in Germany
First place with the districts with the lowest purchasing power in Germany
Gelsenkirchen, North Rhine-Westphalia, purchasing power per capita of 18,886 euros, a decrease of 22.5 percent compared to the national average
Platz 2
Offenbach am MainHesse, purchasing power of 19,082 euros, minus 21.7 percent compared to the national average
Platz 3
Duisburg, North Rhine-Westphalia has 19,604 euros in purchasing power per capita, minus 19.6 percent compared to the national average
Platz 4
Herne, NNorth Rhine-Westphalia 20,054 euros purchasing power per capita, minus 17.7 percent compared to the national average
Platz 5
Freiburg in BreisgauBaden-Württemberg 20,424 euros purchasing power per capita, minus 16.2 percent compared to the national average
Platz 6
Ludwigshafen on the RhineRhineland-Palatinate 20,562 euros purchasing power, minus 15.6 percent compared to the national average
Platz 7
BremerhavenBremen 20,610 euros in purchasing power per capita, minus 15.4 percent compared to the national average
Platz 8
Flensburg, Schleswig-Holstein has 20,720 euros in purchasing power per capita, minus 15 percent of the national average
Platz 9
JenaThuringia 20,831 euros purchasing power, minus 14.5 percent compared to the national average
Platz 10
Augsburg, Bavaria 20,842 euros purchasing power, minus 14.5 percent compared to the national average.
All results can be found in the interactive map.
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