The cost of living in Amsterdam: all you need to know

With quite a few world firms, a top quality of life, loads of cultural capital, and a robust worldwide neighborhood, it’s no surprise upwards of 800,000 residents name Amsterdam house. However dwelling within the nation’s capital metropolis comes at a value — the very best price of any Dutch metropolis, to be exact. 

If you happen to’re considering of creating the transfer to Amsterdam your self, you’re doubtless questioning what issues price, and the way it will have an effect on your high quality of life.  What you’ll be able to anticipate to spend will fluctuate significantly by way of life, and in some ways, you get what you pay for on this metropolis. However some common prices will provide you with an image of what that may appear to be. Let’s break it down.

Housing in Amsterdam: a spot to name house

First issues first: you need to stay someplace in Amsterdam — and that it’s doubtless going to be your best expense. Though housing within the metropolis is pricey far and large, the place you select to stay will likely be an important figuring out issue within the quantity you’ll must shell out for hire or your mortgage. 

Usually, dwelling inside or near the town centre will likely be costlier than dwelling towards the outskirts. And naturally, the extra fascinating the neighbourhood, the upper the worth tag. 

Value of renting a home in Amsterdam

One key distinction to pay attention to relating to the rental market within the Netherlands is between social housing and personal housing. Social housing is allotted for folks with decrease incomes, capping the hire at €752 in 2021. The waitlist for social housing can take years, so it’s typically not very accessible to expats. 

The overwhelming majority of individuals shifting to Amsterdam must go for personal housing, which has no value regulation. Landlords have the liberty to set the hire at no matter value they see match. 

On common, these are the hire costs you’ll be able to anticipate finding when combing the Amsterdam rental market:

Kind of housing Worth vary
Social housing as much as €752
Room in a shared house €400 – 1,200
Studio house €700 – 1,300
1 bed room house €900 – 2,000
2 bed room house €1,200 – 3,000
2 – 3 bed room house/home  €2,000 – 5,000

Take note, hire prices are frequently on the rise in Amsterdam, so don’t be shocked if the costs you encounter are even greater.

READ MORE | The place to stay in Amsterdam: the definitive neighbourhood information

Value of shopping for a house in Amsterdam

Once more: location, location, location. The nearer you’re to the centre, the much less bang you’re prone to get to your buck (or the European equal thereof). 

However what houses within the centre lack in measurement they typically make up for in character. For instance, my ceiling is so low that visiting Dutchies typically want to keep up a barely cocked neck or bent knee throughout their keep, however the metropolis view is ridiculous. 

One other level to pay attention to is that the true property market in Amsterdam is aggressive, and consumers typically report paying far above the asking value for houses. However shopping for a home and getting a Dutch mortgage is a complete separate story, so let’s stick to asking costs right here:

Value of an house within the metropolis centre (per sq. metre)
Common value €7,595
Common value vary €6,500.00 – 9,000
Value of an house exterior the town centre (per sq. metre)
Common value €5,213
Common value vary €4,100 – 6,000

To purchase a easy one-bedroom house on the low finish of the spectrum, on the outskirts of Amsterdam, you may be capable of get away with paying round €200,000. For a higher-end three-bedroom house within the centre, you’ll be able to anticipate to spend one thing nearer to €500,000. Usually, right here’s the (very common) vary you’ll be able to anticipate to pay for a house in Amsterdam:

Kind of housing Worth vary
Studio house €180,000 – 350,000
1 bed room house €200,000 – 400,000
2 bed room house €225,000 – 450,000
2 – 3 bed room house/home €250,000 – 600,000

In fact, you’ll additionally run throughout loads of attractive properties hovering means up into the multi-millions. 

Good to know: your common annual mortgage curiosity at a 20-year fixed-rate ought to be someplace round 2.25%.

READ MORE | High suggestions for getting a home within the Netherlands

Utilities in Amsterdam: how a lot to finances for gasoline, water, electrical energy, web, and cellphone

Fuel and electrical energy

You’ve many utility suppliers to select from within the Netherlands. Typically, getting your gasoline and electrical energy from one supplier will get monetary savings. If you happen to hire, typically these prices will likely be included and coated by your landlord, however don’t rely on it.

Fuel prices about .08 euros per kWh within the Netherlands, which is pretty common compared with different international locations. Nonetheless, the price of electrical energy is among the many most costly on the planet, at round .25 euros per kWh. You possibly can anticipate to pay a mean of €120-200 per thirty days for each gasoline and electrical energy mixed

If you happen to’re new to Amsterdam, you might discover the system for paying your gasoline and electrical payments a bit unusual. You’ll doubtless be charged a flat fee every month, primarily based on the typical utilization predicted for your own home and the variety of occupants. Every year, in April, you’ll both get the cash again that you simply overpaid to your utilization, otherwise you’ll must pay for the surplus you consumed. 

Simply take note the quantity you pay every month just isn’t essentially the precise price. Nonetheless, the estimated price will likely be adjusted every year primarily based in your true utilization.

Water

Water in Amsterdam works in another way. There are two totally different ways in which your water invoice may be calculated. If you happen to use a water meter, you’ll pay month-to-month prices by cubic metre of water used, plus an annual payment for the metre. If you happen to opt-out of the metre, payments ought to fall within the vary of round €15-30 per thirty days.

Month-to-month web prices

The typical price for the web within the Netherlands is in the vary of €32 for a decrease velocity connection to €67 for greater velocity (though it’s all comparatively quick). It’s widespread to bundle your web with TV and cellphone service. Some web sites permit for a straightforward value comparability between suppliers.

Cellphone 

Cellular phone plans within the Netherlands don’t differ a lot from different international locations. Month-to-month prices may be as little as €8 for limitless calling with no information, as much as round €40 a month for limitless information. 

A mean plan with as much as 10 gigabytes of information and limitless calling ought to be someplace round €20 a month. You may additionally must pay an activation payment.

How a lot to finances for groceries in Amsterdam

In comparison with different prices of dwelling in Amsterdam, groceries are on the extra inexpensive aspect, notably if you happen to’re conscious of the place and the way you store — and maintain an eye fixed out for these kortings!

NUMBEO gives the next common prices for groceries in Amsterdam, and I’ve to say, they’re fairly spot-on with my very own expertise.

Merchandise Common value Worth vary
Milk (1 liter) €1.08 €0.85 – 1.80
Loaf of white bread (500g) € 1.75 €0.99 – 3.00
Rice (white) (1kg) €2.06 €1.50 – 3.00
Eggs (common) (12) €2.87 €1.96 – 4.20
Native cheese (1kg) €11.93 €6.50 – 20.29
Hen fillets (1kg) €8.00 €5 – 10.00
Beef (or equal pink meat) (1kg)  €13.95 €6 – 18.50
Apples (1kg) €2.11 €1.29 – 3.00
Banana (1kg) €1.63 €1.19 – 3.00
Oranges (1kg) €1.69 €1.10 – 3.50
Potatoes (1kg) €1.55 €1.00 – 2.80
Onion (1kg) €1.32 €1.00 – 2.00
Lettuce (1 head) €0.91 €0.69 – 1.50
Water (1.5-liter bottle) €0.89 €0.50 – 1.50
Bottle of wine (mid-range) €7.00  €5.00 – 12.50
Home beer (0.5-liter bottle) €1.23 €0.75 – 2.00
Imported beer (0.5-liter bottle) €1.87 €1.43 – 2.59
Cigarettes 20-pack €8.00 €6.00 – 9.00

Going out

Worth of transportation in Amsterdam

The least costly technique to get round in Amsterdam is by bike, and it’s normally the quickest means too. While you do take public transportation (on these days whenever you don’t really feel like turning up at your vacation spot like a moist cat), you’ll be able to hop on a tram, bus, or practice with a number of choices for ticketing. Or, seize a taxi, Uber, or scooter.

These are the common costs for public transportation with Amsterdam’s public transportation system, GBV (Gemeente Vervoerbedrijf):

Kind of ticket Worth
One-hour tram or bus ticket €3.20
One-day (24 hours) ticket €8.50
One-day youngster GVB ticket €4
Month-to-month go (common value) €97.50
OV-chipkaart (rechargeable card) €7.50 for the cardboard itself, then €0.99 base fee plus €0.17 per kilometre

 Further multi-day, discounted, and different buy choices can be found.

Taxis in Amsterdam are obliged to make use of a metre. They will set their very own fares however the authorities units a most value. A visit from Schiphol Airport to the town centre ought to be round €50. Journeys inside the metropolis ought to be considerably much less.

Uber prices will fluctuate primarily based on plenty of elements however are typically cheaper than a conventional taxi. A fare from Schiphol Airport to the town centre will likely be within the vary of €40-55.

If you happen to’re up for the problem of driving (and parking) a automobile in Amsterdam, you’ll have a number of elements to think about:

Automotive expense Common value
Parking €1+ per quarter-hour within the centre, with day by day charges as excessive as €80 (test the map for specifics)
Resident parking allow €34 per 6 months (Zuidoost) to €284 per 6 months (Centrum)
Gasoline (1 liter) €1.66 (starting from €1.50 – 1.75)
Insurance coverage (required by regulation) €100 per thirty days (for a fundamental plan)
Tax €100 yearly (primarily based on kind of automobile, gasoline required, age of automobile, and CO2 emissions)
New automobile €35,500 (mid-size, mid-range sedan)
Whole month-to-month estimate:  €450

Consuming and consuming out in Amsterdam

If you happen to’re planning on going out for an evening of dinner and drinks, anticipate to spend a good sum of money. Costs aren’t outrageous in comparison with many different main cities, however in comparison with the remainder of the nation, they’re up there. Though, with a little bit of trial and error and asking round, you will discover a handful of locations providing good meals at pleasant costs. 

For drinks, if you happen to’re on a finances, finest to stay to beer or wine — in some instances, it’s cheaper than even a bottle of water! 

Restaurant merchandise Common value Worth vary
Meal at a cheap restaurant €16.00 €10.00 – 25.00
Meal for 2 folks at a mid-range restaurant, three-course €75.00 €60.00 – 120.00
Meal at a fast-food restaurant €8.50 €8.00 – 10.00
Home beer €5.00 €3.00 – 8.00
Imported beer €5.00 €3.50 – 6.00
Wine €4.00 €3.00 – 6.00
Cappuccino €3.50 €2.00 – 4.00
Coke/Pepsi €3.00 €2.00 – 3.00
Water €3.00 €2.00 – 3.50

 

Since that is the COVID period, if you happen to’re consuming out, make sure you keep secure and updated with authorities rules.

Paying for insurance coverage in Amsterdam

Medical health insurance when dwelling in Amsterdam

Medical health insurance is required for anybody dwelling or working within the Netherlands. Typically, a fundamental package deal prices simply over €100 per thirty days, however this could fluctuate significantly by the corporate and plan you choose. Some employers provide company medical health insurance plans, which can be cheaper than taking out a person coverage.

The usual deductible (eigen risico), or value you’ll must pay every year earlier than your insurance coverage kicks in, is ready at €385 for all insurance coverage suppliers. Some folks go for a better deductible in trade for decrease month-to-month prices. Youngsters below the age of 18 are insured with the usual package deal freed from cost. 

The Dutch authorities additionally requires that you simply pay an income-based contribution for the usual package deal. This can be a share of your wage, also referred to as the ZVW contribution. Your employer will ahead it on to the Well being Insurance coverage Fund.

READ MORE | 5 issues you need to find out about Dutch medical health insurance

House insurance coverage in Amsterdam

House insurance coverage when dwelling in Amsterdam isn’t obligatory by regulation, however it’s required by many mortgage suppliers. Prices will fluctuate primarily based in your scenario, bearing in mind issues corresponding to the worth of your own home and items, your neighbourhood, and different threat ranges. A fundamental coverage sometimes falls into the vary of €4 to 10 a month.

Different insurances in Amsterdam

Legal responsibility insurance coverage just isn’t compulsory both however can also be so cheap that individuals typically have it. Paying just some euros per thirty days will cowl claims from third events for damages as excessive as €2.5 million. 

Some Dutch legal responsibility plans might even cowl, for instance, when your buddy comes to go to from one other nation and crashes their bike into another person’s. They’re your customer, so any damages they incur are coated below your dirt-cheap insurance coverage coverage.

Value of training in Amsterdam

Attending college within the Netherlands

For Dutchies, greater training is kind of inexpensive as a result of it’s subsidised by the federal government. For worldwide college students, the associated fee is greater, although nonetheless affordable. You’ll pay an annual tuition payment primarily based in your nationality, chosen diploma programme, and whether or not you research part-time or full-time. 

On common, full-time EU/EEA college students pays about € 4,336 per 12 months in tuition prices for a full-time program. Non-EU/EEA college students can anticipate to pay round €13,300 per 12 months.

Along with tuition, the UvA advises college students to finances for someplace between €900 and €1,500 per thirty days on dwelling bills, together with hire. They break it down as:

College dwelling bills Value
Visa/residence allow (if non-EU nationwide) €210, one-time payment
Lodging €350 – €800 per thirty days
Common dwelling bills €400 – €500 per thirty days
Insurance coverage €35 – €100 per thirty days
Books €50 – €100 per thirty days
Public transport (optionally available) €40 – €100 per thirty days

Value of training for youngsters

The Dutch authorities additionally subsidises college for youngsters, so if you happen to determine to ship your youngster to a Dutch college it’s almost freed from cost. You’ll simply must make some small contributions for issues like college journeys or after college actions — someplace round €100 yearly.

For a non-public training or a global college, the associated fee is considerably greater — from €4,500 as much as €23,000 euros a 12 months.

Working

Wage expectations in Amsterdam

Now that now we have a greater image of what it prices to stay within the nation’s capital, let’s check out how salaries stack up. In fact, they’ll fluctuate significantly primarily based on trade and expertise, however usually, Dutch salaries are reasonably common — a bit decrease than the US and UK, for instance, however nonetheless typically fairly manageable in relation to the price of dwelling. In accordance with the Dutch Central Planning Bureau (CPB), the median gross wage in 2020 was €36,000, which means a month-to-month internet pay of round €2,150. In 2021, the projected common wage is €36,500.

The nationwide minimal wage for 2021 is ready at €1,684.80 per thirty days (€20,218 per 12 months) for adults over the age of 21

One good factor about working within the Netherlands is that your employer is required to provide you annual vacation pay, which is 8% of your wage. When negotiating wage, whether or not or not this quantity is included within the provide could make a big distinction in your quoted wage.

READ MORE | A job in Amsterdam? The epic information to discovering work in 2021

Don’t neglect about taxes!

If the wage vary your potential employer is providing is one thing you’ll be able to stay with, subsequent, contemplate taxes. You’ll be obliged to pay payroll tax, which is made up of a salary-based tax together with nationwide insurance coverage contributions for pensions, Dutch advantages and allowances, and unemployment allowance. It sometimes provides as much as round 29.7% of your gross earnings.

As this tax is kind of excessive, you’ll need to contemplate your internet (take house) pay, reasonably than merely your gross pay (whole wage) — the distinction may be substantial. You should use this calculator to estimate your month-to-month internet earnings primarily based in your wage. Some expats qualify for the 30% tax ruling, which suggests they solely pay Dutch taxes on 70% of their gross earnings. 

Value of childcare when dwelling in Amsterdam

When you’re on the market hustling to afford hire and pay taxes, you may want somebody to take care of your kids. The price of Dutch childcare varies relying on the centre and what kind and frequency of care you’ll want to your youngster. Daycare and nursery college for the little ones prices round €750 per thirty days on common, with reductions out there when you’ve got further kids. For after college care, prices will likely be within the €650 to €800 a month vary

Some mother and father go for childminders (oppas), who typically cost round €7 per hour for the much less skilled teenager or €15 per hour for somebody with extra expertise. If you need them to do further house responsibilities, it might be mirrored within the wage.

Au pairs would doubtless be the least costly choice for your loved ones, typically exchanging room, board, and a small wage for a 30-hour workweek.

Many residents within the Netherlands qualify for a childcare profit (kinderopvangtoeslag), whereby the federal government subsidises the associated fee. It will depend upon the variety of kids you could have in childcare, your earnings, and your social scenario. You possibly can calculate how a lot you’ll pay utilizing an internet calculator.

Now, so as to add up all these separate prices would require some math, so to spare you the horrible inconvenience, listed below are the typical estimated month-to-month prices of dwelling for people and households dwelling in Amsterdam:

Household kind Estimated price of dwelling (with out hire)
Single individual €914.14 
Couple €1,716.35
Household of 4 €3,266.64

Fast suggestions to save cash when dwelling in Amsterdam

  • Cycle or stroll — make these legs earn their maintain!
  • Develop a eager eye for kortings
  • Store at out of doors markets when attainable
  • Go for beer or wine when eating out
  • See if you happen to qualify for any authorities allowances (toeslagen)
  • College students: reap the benefits of pupil reductions

Does your expertise with the price of dwelling in Amsterdam match up? Inform us within the feedback beneath!

The submit The price of dwelling in Amsterdam: all you could know appeared first on DutchReview.