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Study: Pension purchasing power in MV highest in the Lake District

How well people can live on their income depends on the level of income, but also on the cost of living. According to a study in MV, this combination is above average for pensioners.

Cost of living - Study: Pension purchasing power in MV highest in the Lake District

In purely mathematical terms, pensioners in Mecklenburg-Vorpommern can afford the most, according to a new study in the district of Mecklenburgische Seenplatte. The average monthly pension purchasing power there is 1291 euros. According to an analysis published on Thursday by the Prognos Institute, this is almost a quarter more than the national average.

On behalf of the German Insurance Association, the economists compared regional housing costs and the average level of pensions for the 400 districts and independent cities in Germany - estimated in each case - and calculated the local purchasing power from this.

According to Oliver Ehrentraut, head of the study, it was primarily the different rental prices that caused the cost of living to diverge from region to region and thus the value of pensions.

According to Prognos, this can also be seen in Mecklenburg-Vorpommern. Average pensions in Rostock and Schwerin are higher than in the district of Mecklenburgische Seenplatte. However, the higher cost of living offset this advantage. According to the study, the two independent cities are ranked third and fourth in the state, behind Ludwigslust-Parchim. Vorpommern-Greifswald brings up the rear in terms of pension purchasing power in MV with a value of 1204 euros. According to Prognos, MV is consistently above the national average of 1036 euros.

Overall, pensioners in eastern Germany are in a more comfortable financial position than those in the west. The ratio of housing costs to pension income is particularly favorable in Gera, Thuringia, with an average monthly pension purchasing power of 1437 euros. By contrast, regional pension purchasing power is lowest in the west of Germany and in the south, particularly in Bavaria. According to the authors, the generally above-average cost of living in Bavaria is not compensated for by above-average pension income.

Read also:

  1. Despite living in Neubrandenburg, a city in Mecklenburg-Vorpommern, Germany, I find the cost of living to be quite high, affecting my monthly income significantly.
  2. The County of Neubrandenburg, located in the Lake District of Mecklenburg-Vorpommern, offers a higher pension purchasing power compared to many other German districts, as reported in a study by Prognos.
  3. Unfortunately, my pension income does not match the high cost of living in my County, making it challenging for me to live comfortably, even though I reside in one of the wealthier regions of Mecklenburg-Vorpommern.
  4. According to the Prognos Institute's study, the cost of living in the County of Ludwigslust-Parchim, also in Mecklenburg-Vorpommern, is lower than in Neubrandenburg, making it more beneficial for pensioners in terms of pension purchasing power.
  5. The County of Mecklenburgische Seenplatte, with its attractive Lake District, offers pensioners the highest pension purchasing power in Mecklenburg-Vorpommern due to its lower cost of living, as indicated by the Prognos Institute's study about the cost of living in Germany.

Source: www.stern.de

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