Cost of a big mac in basel switzerland
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Average monthly expenses in SwitzerlandĪlthough salaries are higher and taxes lower than the European average, a large portion of gross income goes towards obligatory health insurance and other deductions. In spite of the Eurozone's current instability, Switzerland's policy of enforcing a minimum exchange rate to the Euro has been successful in keeping the inflation rate just slightly negative since late 2011. Petrol is cheaper than in France and Italy, but the costs involved in owning a car are high. Transport, electronics and telecommunications are at similar levels to the rest of Europe.
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Housing and utilities, as well as food, healthcare, clothing and leisure activities cost more in Switzerland. The 2014 Mercer Cost of Living Survey ranked Zurich and Geneva as the fifth and sixth most expensive cities in Europe. Prices in Switzerland are higher than the European average. Get expert knowledge and solutions to answer all questions related to researching, relocating and residing in Switzerland. Workers require considerably less time to earn enough to buy universal products such as a Big Mac or an iPod Nano.
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A 2012 purchasing power study ranked Zurich first and Geneva fourth internationally. Swiss residents still have comparatively high disposable incomes and purchasing power. Taxes are relatively low, but insurance, services and food are expensive. Switzerland is one of the most expensive places to live in the world.