Munich is among the top five cities in the world to live in, according to a quality of life analysis worldwide by consultancy Mercer.
The Bavarian capital, one of Germany’s most affluent cities, came fourth and did well in categories such as crime rate, political stability, public transportation and healthcare. Vienna was named the best city to live in according to Mercer’s research, followed by Zurich and Auckland.
The top 10 was rounded out by two more German cities, Düsseldorf and Frankfurt, at sixth and eighth places respectively.
Munich is a cosmopolitan city of 1.3 million, with a thriving job market and strong industrial sector. It’s home to seven DAX-listed companies, including auto maker BMW, engineering giant Siemens and insurer Allianz.
Despite this, it is not necessarily easy to move to Munich due to high living costs and a serious shortage of housing. According to a report by Swiss investment bank UBS in September, Munich has the fifth most overvalued property in the world. Housing prices in the city have almost doubled since 2009.
Several major German centers, including Düsseldorf and Frankfurt, also suffer from a similar lack of reasonably priced housing.