The average cost of living in Germany for MBA students is between €934 and €1,100 per month. This amount usually covers accommodation, food, transportation, health insurance, internet, and personal expenses. The total cost may vary depending on the city you live in. Larger cities like Munich or Frankfurt are usually more expensive than smaller cities. On average, students may need around €11,000 to €12,000 per year for living expenses while studying in Germany.