Driving Munich 4K – Sunset Drive – Germany

Driving Munich 4K – Sunset Drive – Germany

Friday night drive around Downtown Central Munich Germany. Hong Kong, Ho Chi Minh City/Saigon, Hanoi, Singapore, Tokyo (and Maybe South America) soon as well. I’m continuing to help people with their summer family travel plans. If you’ve got my cell, say hello and Ill do my best to help!

Munich, Bavaria’s capital, is home to centuries-old buildings and numerous museums. The city is known for its annual Oktoberfest celebration and its beer halls, including the famed Hofbräuhaus, founded in 1589. In the Altstadt (Old Town), central Marienplatz square contains landmarks such as Neo-Gothic Neues Rathaus (town hall), with a popular glockenspiel show that chimes and reenacts stories from the 16th century.

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Real Estate & Cost of Living
1. One of the Most Expensive Cities in Germany
– Munich has Germany’s highest real estate prices, with average apartment prices in the city center around €12,000 per square meter ($13,000/sq. m). In top locations like Maximilianstraße, prices can exceed €20,000/sq. m ($21,800).
2. High Rental Costs
– Renting in Munich is pricey—a one-bedroom apartment in the city center costs around €1,500 ($1,650) per month, while a three-bedroom can be €2,800–€3,500 ($3,000–$3,850).
3. Strong Demand & Low Vacancy Rates
– The vacancy rate is below 1%, meaning competition for rental properties is fierce. Landlords often require proof of income, credit checks, and a Schufa credit report (Germany’s equivalent of a FICO score).

Economy & Job Market
4. One of Europe’s Wealthiest Cities
– Munich has Germany’s highest GDP per capita and is home to global companies like BMW, Siemens, and Allianz. The city is a finance and tech hub, making it attractive for high-income professionals.
5. High Salaries but High Taxes
– The average salary in Munich is around €55,000–€65,000 per year ($60,500–$71,500). However, income taxes and social security contributions can take 35%–45% of earnings.
6. Expensive But Livable
– Despite high costs, Munich ranks as one of the most livable cities in the world due to safety, green spaces, and infrastructure. The public transport system is world-class—a monthly transit pass costs around €60–€100 ($65–$110).

Tourism & Money Considerations
7. Oktoberfest Brings Big Business
– Munich’s Oktoberfest attracts over 6 million visitors annually, generating more than €1.2 billion ($1.3 billion) for the local economy. A liter of beer at the festival costs around €14–€15 ($15–$16.50).
8. Cash is Still King
– Many small businesses, restaurants, and even some hotels still prefer cash over credit cards. It’s wise to carry some euros (€50–€100), as American Express and Discover are rarely accepted.
9. Tipping Culture is Modest
– Unlike the U.S., tipping is less expected—rounding up the bill or adding 5%–10% is standard. Leaving 20% like in the U.S. would be unusual.
10. Tourist Tax for Visitors
– Hotels in Munich don’t charge a tourist tax, unlike many other European cities. However, short-term rentals (like Airbnb) might include city-imposed fees, increasing the total cost.