Cost of Living In Switzerland

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Switzerland is an amazing place to be in. Located in Central Europe, this country is landlocked by other countries such as France, Italy, Austria and Germany. This location of Switzerland has made it such a popular location. Specifically recognized by the presence of the Alps, this place has one of the greatest landscapes in the world. What is the cost of living in Switzerland compared to the US?

Switzerland is one of the richest countries in the world. Based on the per capita GDP, this country is indeed one of the successful countries ever. This is why there are so many people who want to live here because of the quality of life that they get. Their economic structure is the stable, modern and capitalist which makes it one do the financial powers in the world.

Their currency, the Swiss Franc (CHF) is one of the strongest currencies worldwide. It is characteristic of the Swiss that they pay in cash and rarely in credit card. The value of Swiss Franc is 1CHF which equates to 0.98 USD and 0.68 Euro. Cost of living is something that you should know when you live in Switzerland.

Housing Costs

Residents in Switzerland often choose to rent homes rather than buying their own. The cost to rent an apartment here is around 2000 to 4500 CHF per month. For major cities like Zurich and Geneva, you can expect to have a higher rate for rent. For smaller towns, rent is cheaper. It is characteristic of these apartments to have communal facilities such as laundry rooms, water and heating systems. Be very considerate when you live in an apartment since other tenants may be sensitive.

Transportation Costs

Car rentals are available in Switzerland. Car rental rates are at 130 CHF per day. If you own a car on the other hand, you can spend on gas at around 1.56 CHF per month. Car rental in Switzerland is definitely very expensive compared to the United States and even double in neighboring countries. Public transportation in Switzerland is available. The most common transportation in this country is the train systems. In all of the cities, the trains are among the most reliable transport systems here. There are some cantons where children ride for free if they are below 12 years old. As with any other ticketing systems, buying a single ticket is more expensive. The ticket prices cost around 100 to 200 CHF per month.

Average Cost of Monthly Utilities

Electricity is one of the monthly utility bills that you should pay for. For a month, the average electric bill is around 500 to 900 CHF per month. You are able to use your appliances and the other gadgets for this price that you are paying for your bills. Electric sockets here are at 220V and 50 Hz AC. The internet bill can reach around 50 CHF per month. As for telephone bills can cost around 25 CHF per month. The TV cable bills costs around 25 CHF per month.

Cost of Maid Services

Cleaning services in Switzerland is quite expensive. In order to have your apartment or homes cleaned, you have to pay around 2 to 6 CHF per units of garbage disposed. Hiring cleaning services may cost around 3000 CHF per month. This is really very expensive so may think twice when hiring permanent maid services. Per day, hiring a maid may cost around 60 to 80 CHF. Be sure to hire maids only when necessary to save a lot of money on these expenditures.

Cost for Food and Drinks

The expense of food in Switzerland is quite expensive. For a month, you can spend around $350 to $400 per week including groceries and food. Eating out will add to the total since it costs more. A typical meal at a restaurant costs around 20 to 40 CHF depending on where you eat. Dairy products are practically cheaper in Switzerland. Milk costs around 1.50 CHF per liter. Meat and fish are affordable but make sure that you pick the best selections. Fruits and vegetables are some things that you can afford since these are cheap here. A bottle of water costs 1.34 CHF for 1 Liter.

Healthcare Costs

Medical insurance is a necessity in Switzerland. If you want to ensure that your health is taken care of by the best physicians and doctors, it is necessary to get health insurance. It is highly recommended to get private insurance which costs around 300 CHF per month. For the best doctors, this is very important since they only accept those patients who are insured. You can trust that doctors in Switzerland are very equipped when it comes to their knowledge as well as their skills so you get the best healthcare service when you are here.

Costs for Clothing

Clothing is one thing that you need to spend for in Switzerland. Shopping here is quite expensive going at around 500 CHF per month is you are thrifty. But if you plan of spending especially for designer clothes, you can always set a higher budget for this. Expenses here in Switzerland are definitely higher so you need to make sure that you are prepared for these expenses.

Living in Switzerland may be a dream come true but is it also costly. You need to make sure that you know what you are up against when you decide to move to that place. A budget is necessary when you move here since the cost of living is evidently high. With the great economy of the country, you can be sure that life here will be great. If you are ready for this, you can now move to Switzerland to enjoy a new life.

As you can see the cost of living in Switzerland may be higher than the United States but it can still be one of the best places to retire abroad.

Learn More About Living In Switzerland:

Switzerland Travel Guide

Switzerland Official Tourism Site

Switzerland CIA World Factbook