Wednesday, March 30, 2011

Cost of living in Switzerland

“If only God would give me some clear sign! Like making a large deposit in my name at a Swiss bank.”
Woody Allen

It's no use trying to hide the fact: Switzerland is one of the most expensive countries in the world. According to an AC Nielsen Euro-Barometer study conducted in 2005, a Swiss household pays, for example, 26% more than a French household and 63% more than a Spanish household, to fill the same shopping basket.

The Swiss are a race of tenants and at present there is a shortage of apartments on the market, above all in the towns, especially in the Geneva and Zurich area. Housing costs are therefore comparatively high. In addition, you will find that the compulsory health insurance premiums can be very high.

These high prices for consumer goods, housing and health insurance are partly due to the relatively high level of salaries in Switzerland. According to a comparative study conducted by UBS on an international level, the Swiss hubs of economic development, namely Zurich, Basle and Geneva, are among the front runners of cities with the highest gross pay, for all types of professions.

According to the Swiss Federal Statistical Office, the main items of expenditure in a typical Swiss household budget are social security contributions and taxes (29.0%), accommodation and energy (12-33%), transport (8.2%) and food (7.2%). In 2008, the average monthly household income amounted to CHF 9,103 or about USD 10'000.- (for 2.2 persons).


XLMIC said...

Vacationing with my family in Switzerland has been a highlight... and I get sad because I want to go again and again and again... but it's so pricey.

Expat with Kids said...

I'll be happy to keep sending you a piece of Switzerland...even if only virtually!
Have a lovely weekend.

Unknown said...

So nice blog to know about Cost of living. AG - 3rd pillar said...

Third pillar in Switzerland

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