I talked to the CEO of a Berlin-based crypto appliance company and he literally called the place "off-shore". Berlin is located in former East Germany, so it's totally separated from the rich former West German states where all the thriving export industry is. He told me they have practically no customers in their vicinity. They apparently can easily find staff, due to the attractiveness of the city and the various universities there, but all their customers are located in former West Germany or in other countries.
If you go to southern German states like Bayern, Baden-Württemberg or Hessen, cost of living is much higher in the larger cities there than in Berlin. That's because of the export industry which has been able to grow there for the last decades, and the resulting abundance of high paying jobs.
If you go to southern German states like Bayern, Baden-Württemberg or Hessen, cost of living is much higher in the larger cities there than in Berlin. That's because of the export industry which has been able to grow there for the last decades, and the resulting abundance of high paying jobs.