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Home » Europe » How much is the average salary in Switzerland?

How much is the average salary in Switzerland?

December 14, 2021 by Trevor Zboncak

Average salary in Switzerland. The average hourly wage in Switzerland is 60 CHF. In 2019, OECD reported that the average annual salary in Switzerland was 60,847 CHF. Specialists earn an average of CHF 117,000 across all industries and company sizes, and an average specialist can expect CHF 87,000 in annual compensation

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Contents

What is the average income in Switzerland?

In Switzerland, the average household net-adjusted disposable income per capita is USD 37 466 a year, higher than the OECD average of USD 33 604 a year. There is a considerable gap between the richest and poorest – the top 20% of the population earn nearly five times as much as the bottom 20%.

What is the basic salary in Switzerland?

While Switzerland has no official minimum wage,a majority of the voluntary collective bargaining agreements contain clauses on minimum compensation,ranging from 2,200 to 4,200 francs per month for unskilled workers and from 2,800 to 5,300 francs per month for skilled employees.

What is the average salary in Switzerland 2020?

Wages in Switzerland averaged 5810.57 CHF/Month from 1998 until 2020, reaching an all time high of 6354 CHF/Month in 2020 and a record low of 5082 CHF/Month in 1998.

What is the average salary in Switzerland 2021?

The average salary in Switzerland. Considering all the tax and social payments, the average salary in the whole country is 6 257 Swiss francs (the rate of the Swiss currency today is almost equal to the US dollar). In the “dirty” form, without tax and social contributions, this amount is just over 10,000 francs.

Is Switzerland expensive to live?

Switzerland is well known for being one of the most expensive countries to reside in Europe—and even the world.There are costs at every turn, from the obvious (e.g. high rent prices in major cities), to the unexpected (e.g. license fees for televisions and radios, which total hundreds of Swiss Francs each year).

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Is 100k good salary in Switzerland?

The annual salary above 72,000 CHF is considered to be good. Everyone getting between 6,000 CHF and 9,000 CHF per month is a good earner.Someone in a managerial position will earn between 130,000 CHF and 270,000 CHF per year. Starting from 100,000 CHF, you earn well above average in Switzerland.

How much money do you need to live comfortably in Switzerland?

Although cost of living varies considerably due to each individual’s personal preferences and situation, according to our estimations a single person would need a net salary of 3,500 CHF to live comfortably in most Swiss cities while a family of four would typically require a net salary of at least 9,000 CHF per month.

Is it easy to get job in Switzerland?

Learning how to find a job in Switzerland is both easy and difficult. On one hand, the Swiss job market readily welcomes foreigners, especially in senior management level positions.Although finding a job in Switzerland is tough and the hours may seem long, do not let this dissuade you.

Can you work in Switzerland if you only speak English?

Despite Switzerland’s multilingual workforce, there is still demand for English-speakers in Switzerland. Jobs in Switzerland for English speakers are widely advertised, including on several of the job sites above, as well as on: Glassdoor. Jobs in Geneva.

Does Switzerland pay well?

Employers generally set wages for Swiss workers and the OECD (Organization for Economic Co-operation and Development) has consistently found that Switzerland has one of the highest annual wages in the world at around CHF 6,500 per month.

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What is the highest-paying job in Switzerland?

Chief Financial Officer
As with the results from previous years, the highest paid job in Switzerland is a Chief Financial Officer, which has an average monthly salary of 14,231 francs (before tax). Pilots are also highly paid – the impacts of the coronavirus notwithstanding – taking home 8,365 to 9,361 francs per year.

What is the highest paid job in Switzerland?

Top 10 Highest-Paying Jobs in Switzerland

  • Military officer. Average estimated salary: 83,880 CHF ($84,009)
  • Software engineer. Average estimated salary: 87,693 CHF ($87,829)
  • Accountant. Average estimated salary: 89,515 CHF ($89,653)
  • Pilot.
  • Priest/Minister.
  • Actuary.
  • Veterinarian.
  • Investment banker.

Why are wages so high in Switzerland?

Originally Answered: Why are Swiss wages so high ? Wages go along with prices. Everything is more expensive in Switzerland than anywhere else in the world, so salaries are accordingly higher as well. Average salary in Switzerland is CHF 7,000 per month.

Which country pays highest salary?

1. Luxembourg. Luxembourg is a tiny nation with a population of 632,000 but is one of the world’s wealthiest and highest-paying countries. Salaries of workers average about $68,000, which is the highest in the world.

How much is Swiss income tax?

Personal Income Tax Rate in Switzerland is expected to reach 40.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Switzerland Personal Income Tax Rate is projected to trend around 40.00 percent in 2021, according to our econometric models.

How much money do I need to move to Switzerland?

Cost of moving from the U.S. to Switzerland
The average cost of a move from the U.S. to Switzerland is $3,450. International moves tend to be more expensive as items need to travel a long distance, safely and quickly. However, this cost will significantly vary depending on your specific factors.

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Do they speak English in Switzerland?

English is the most common non-national language and is regularly spoken by 45% of the population in Switzerland. English is more widespread in the German-speaking part of the country than in Italian- and French-speaking regions (46% vs 37% and 43% respectively).

Is life in Switzerland good?

Life in general in Switzerland is IMO, better than U.S., and here’s why: Higher standard of living: Swiss cities, houses and food are all top quality. Crime is very low, so you’d feel pretty safe roaming around in the middle of night all alone.Higher pay and lower taxes: Swiss wages are pretty high.

What is a good salary in Zurich?

What is the average salary in Zurich? A person working in this city should expect to earn an average gross salary of $18,535/month or $222,623 a year. For those with hourly jobs, the average pay per hour is $103.56. Expats should generally expect high salaries, which is sort of necessary given the high cost of living.

What is a good salary in Geneva?

Levels / Geneva (Gross CHF)

Salary Levels (CHF) per Year Surveys Earning Percent
53,000 CHF – 57,999 CHF 10 85.91% 3.44%
58,000 CHF – 61,999 CHF 5 82.47% 1.72%
62,000 CHF – 66,999 CHF 7 80.76% 2.41%
67,000 CHF – 70,999 CHF 8 78.35% 2.75%

Filed Under: Europe

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About Trevor Zboncak

Trevor Zboncak is a bit of an old grump, but he's also one of the kindest people you'll ever meet. He loves to travel and see new places, but he's not a fan of airports or long flights. Trevor has been all over the world, and he has some amazing stories to tell. He's also a great photographer, and his pictures will take your breath away.

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