Learn about the average monthly costs in Switzerland
Switzerland is one of the most expensive places to live in the world. Taxes are relatively low, but insurance, services and food are expensive. Swiss residents still have comparatively high disposable incomes and purchasing power. Workers in Switzerland require considerably less time to earn enough to buy universal products such as a Big Mac or an iPhone X
Although salaries are higher and taxes lower than the European average, a large portion of gross income goes towards obligatory health insurance and other deductions. Most people rent accommodation because property prices are high and a large down payment is required. Housing and energy account for an average of nearly 15%, transport 8%, entertainment and leisure 11.6% and food and non-alcoholic beverages 6.4% of a typical monthly household budget.
In the table below are some approximations for monthly average expenses in Switzerland. While these numbers are not meant to be used for exact calculations, they do provide a good initial ballpark figure.
Rent for two bedroom apartment
> $ 2’000
Compulsory Health Insurance
Groceries (for one person)