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High wages and strong buying power
Switzerland is one of the most exclusive
countries in Europe. In the bigger cities in particular, the
cost of living is quite high compared with the rest of the world
– but the quality of living, wages and buying power are also
accordingly high. To buy one unit of an internationally
available food requires less working time than in most
comparable foreign locations.
Average household consumption expenditure
Rent and insurance are among the biggest expenses. Average
earners spend between a quarter and a third of their income on
rent. Add to that a number of insurance policies, with mandatory
health insurance accounting for the largest portion: the monthly
premium has risen steadily in recent years and now averages 5.6%
of total basic monthly spending. Insurance premiums are not
income-dependent, but vary depending on the health insurance
company, place of residence, age and gender.
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