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Cost of Living in Switzerland | Expat Exchange
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Zug, Switzerland

Cost of Living in Switzerland

By Betsy Burlingame

Last updated on Dec 19, 2023

Summary: The cost of living in Switzerland is generally high, with prices for goods and services being higher than in many other countries. The cost of a nice 1 bedroom apartment in Switzerland can range from around $1,500 to $2,500 per month, while a nice 2 bedroom apartment can range from around $2,000 to $3,500 per month. The cost of dinner at a moderately priced restaurant in Switzerland can range from around $20 to $50 per person.

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Is the cost of living in Switzerland high?

We asked people how much they someone comfortably live on in Switzerland, they wrote:

"The cost of living in Switzerland is relatively high compared to many other countries. Goods and services cost more overall compared to some other parts of Europe, but wages tend to be significantly higher to balance this out. The cost of food, particularly fresh produce, is typically more expensive in Switzerland than it is in other countries. Accommodation in Switzerland is also generally significantly more expensive than elsewhere. Transportation costs, such as public transport, can also be quite high," said one expat in Switzerland.

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Will I save money living in Switzerland?

"Living in Switzerland may save you money depending on your lifestyle and income. In general, Switzerland is known for having an expensive cost of living compared to other countries. The prices of food and healthcare are generally higher, while rental prices and transportation costs to travel within the country can be quite affordable. However, if you are an expatriate and earn a salary in Swiss francs, the exchange rate may make your income go further than it would in the US. Additionally, tax benefits may further reduce the amount of money you spend," remarked one expat in Switzerland.

What is the average cost of housing in Switzerland?

If you are thinking about moving to Switzerland, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Switzerland is generally quite high, with the most expensive cities such as Zurich, Geneva, and Basel costing significantly more than the national average. Housing costs are affected by location, so prices can also vary greatly according to the size of the property, its condition and the availability of services such as shops and transport in the local area. The cost of renting accommodation in Switzerland is often more affordable than buying property, although even this can be relatively expensive compared to other countries," remarked one expat in Switzerland.

"About the same as in the San Francisco Bay Area. A nice small (100 sq. meters) ski chalet is about USD 450,000. I think that's because it is in a tourist area. I know that some places of comparable size are less expensive in Interlaken," explained one expat living in Wengen.

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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

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SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

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What are typical rental prices for expats in Switzerland?

"The rental price for a nice 1 bedroom apartment in Switzerland can range from 800 to 2000 US Dollars, depending on the location and the size of the apartment. The rental cost for a nice 2 bedroom apartment can range from 1200 to 4000 US Dollars, again depending on the location and the size of the apartment," remarked one expat living in Switzerland.

What appliances are typically included in a rental?

We asked foreigners in Switzerland what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"Rental properties in Switzerland often come with at least a washing machine and a refrigerator. Other common appliances in a rental home in Switzerland include a dishwasher and clothes dryer. Additionally, many rental properties will come with a stove and oven, as well as a microwave oven. Heating systems are also usually provided, as are basic plumbing fixtures such as sinks, toilets, and showers. Depending on the rental property, air conditioning might also be included," said an expat in Switzerland.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

Zug, Switzerland
SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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