Munich is the capital and largest city of the German state of Bavaria. It is located on the banks of River Isar north of the Bavarian Alps. With a population of around 1.5 million, Munich is the third largest city in Germany, after Berlin and Hamburg.
The city is a major centre of art, advanced technologies, finance, publishing, culture, innovation, education, business, and tourism in Germany and Europe and enjoys a very high standard and quality of living, reaching #1 in Germany and #4 worldwide. According to the Globalization and World Rankings Research Institute, Munich is considered an alpha-world city, as of 2015.
Especially since the 1980s, Munich and the entire surrounding region was characterised by a strong economic growth. This is due to the location of high-tech industries and scientific institutions, very low unemployment rates and a strong influx of people. The city is home to major corporations like BMW, Siemens, MAN, Linde, Allianz and MunichRE as well as many small and medium-sized companies.
Munich hosts many national and international authorities, major universities, major museums and theatres. For example the Ludwig-Maximilians University LMU or the Technical University of Munich. Its numerous architectural attractions, international sports events, exhibitions and conferences attract considerable tourism. The Oktoberfest is one main point of attraction internationally.
Munich is one of the most prosperous and fastest growing cities in Germany. It is a top-ranked destination for migration and expatriate location, despite being the municipality with the highest density of population (4,500 inh. per km²) in Germany. Munich nowadays hosts more than 530,000 people of foreign background, making up 37.7% of the entire population.
Costs of Living
Fast Food Menu: 7€
Summer Dress (ZARA, H&M): 34€
Taxi for 8km: 16€
1 Cocktail in a club: 7€
500ml beer in a bar: 3,60€
1 month gym membership: 34€