Cost of Living in Switzerland

Switzerland is almost as famous for its high cost of living as it is for its spectacular ski slopes. Three Swiss cities featured in the 2024 Mercer Cost of Living City Ranking’s top five – Zurich, Geneva and Basel – and to top it off, the rural areas aren’t necessarily that much cheaper either.

On the other hand, Swiss salaries and living standards are also among the highest in the world. And thanks to efficient public services and well-maintained infrastructure, most expats feel the high costs are worth it.

Expats moving to Switzerland should try to anticipate what their living expenses will be and negotiate their contracts accordingly.

Cost of accommodation in Switzerland

Most people in Switzerland rent property, and a shortage of available apartments has developed as a result. The situation in Zurich and Geneva is especially dire, and stiff competition has resulted in sky-high rental prices. You’ll also need to pay a deposit upfront, which can be the equivalent of up to three months’ rent.

In Switzerland, special rubbish bags that are priced according to their size are required for rubbish collection, so households that produce a lot of waste will pay more. Recycling is free, and even expats who aren’t especially environmentally conscious can count on a greener life in Switzerland. Exact costs and conditions differ between municipalities.

Finding Accommodation in Switzerland

Cost of transport in Switzerland

Switzerland’s extensive and efficient public transport system is, unfortunately, rather expensive too. Expats living in an urban centre and commuting regularly should consider purchasing multi-ride passes.

Owning a car in Switzerland is pricier owing to supplementary fees. Many who can go without a car do. In addition to the cost of importing, buying or leasing a vehicle, you’ll need to pay for monthly insurance, canton tax, a parking permit, a highway sticker and petrol.

Getting Around in Switzerland

Cost of education in Switzerland

Swiss public schools have excellent standards and are free of charge, but the teaching language will be the respective canton’s official language. Some bilingual schools exist, but tuition at these institutions can be costly.

It gets even pricier for expats who’d rather send their children to an international school that teaches their home country’s curriculum in their native language. Prices also increase as students get older.

Finding a School in Switzerland

Cost of healthcare in Switzerland

Swiss health insurance will also likely take up much of an expat’s payslip. Medical cover is compulsory and can be expensive, although the government does grant subsidies in certain situations. Premiums are based on geographic area rather than salary, so CEOs and regular workers can end up paying similar amounts depending on their package.

Hospitals, Health Insurance and Pharmacies in Switzerland

Cost of groceries in Switzerland

Regardless of what brands and products you prefer, the cost of groceries in Switzerland is over 20 percent higher than in other major European cities. We advise planning meals in advance and buying non-perishables in bulk. You can also try visiting supermarkets after 5pm when there will often be specials on the day’s expiring stock.

Expats who have a few bucks to spare will also not be left wanting, as Switzerland is home to a fair few speciality supermarkets that sell fresh organic produce. For these products, you can visit shops such as Manor, Globus, and Alnatura, but bear in mind that the grocery bill will be significantly higher.

Cost of entertainment and eating out in Switzerland

Eating out in Switzerland is a luxury that most families can only enjoy occasionally. While Switzerland may be a diverse culinary haven, the cost of eating in the country limits its residents from fully enjoying this fact. To reduce their dining expenses, expats can eat out at lunchtime and order from the menu of the day.

Revellers looking to enjoy the buzzing nightlife in Switzerland’s major cities like Zurich will be pleasantly surprised to find that alcoholic beverages are reasonably priced and offer good value. This is due to low taxes on alcoholic beverages.

Meanwhile, nature-loving expats will be delighted to see that much of the lifestyle and entertainment in Switzerland centres around outdoor activities such as hiking, skiing, kayaking and swimming. The best part is that beyond the initial costs of purchasing or hiring equipment, these activities can all be enjoyed for very little money.