Recently published figures by the FSO (Federal Statistical Office) show that average (mean) monthly household income in Switzerland in 2017 was CHF 9,917. This is equal to CHF 119,004 a year.
This income is made up of salary income (CHF 6,320; 64%), freelance income (CHF 984; 10%), investment income (CHF 494; 5%) and money from the government (CHF 2,119; 21%) – pensions, benefits and other welfare and transfers.
The main item of expenditure is taxes and compulsory insurance (CHF 2,933; 30%), although this includes compulsory salary pension payments, so it is probably more meaningful to separate this figure into CHF 2,588 (26%) of taxes and unavoidable insurance payments and CHF 405 (4%) of pension savings.
The next largest items of spending are housing and energy (CHF 1,463; 15%), transport (CHF 742; 8%), food and non-alcoholic drink (CHF 636; 6%), optional insurance – mainly health (CHF 591: 6%), restaurants and hotels (CHF 571; 6%), recreation and culture (CHF 577; 6%), extra healthcare spending on top of insurance (CHF 244; 2%), food and clothing (CHF 202; 2%), communication (CHF 189; 2%) and other expenses (CHF 648; 7%).
The average household in Switzerland regularly saves CHF 1,111 (11%) a month on top of compulsory salary-based pension savings.
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Pensions in Switzerland are a well-regulated and comprehensive system aimed at ensuring retirement income security. It consists of a three-pillar approach that includes state, occupational, and private pension provisions. Swiss pensions provide a reliable source of income during retirement, supported by mandatory contributions and robust pension fund management.
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