Read news from:
Austria
SHARE
COPY LINK
For members

MONEY

Zurich vs. Geneva: Which Swiss city is more expensive to live in?

Switzerland’s two largest cities are frequently ranked among Europe’s (and sometimes the world’s) priciest places to live. But where is everyday life more expensive?

Published: 7 August 2023 14:52 CEST
Updated: 13 August 2023 08:42 CEST
Zurich and Geneva
Zurich vs Geneva: Which city is more expensive to live in?Photos: Geneva: Image by ChiemSeherin from Pixabay / Zurich: Image by Julian Hacker from Pixabay

While Zurich and Geneva are different in some regards, such as the language spoken there — Swiss-German in the former and French in the latter — the two cities also have some things in common.

For instance, both frequently feature among the most expensive cities to live in various international surveys.

As The Local explained in an article published in December, there are many reasons why Zurich and Geneva are so pricy – and oftentimes more expensive than other Swiss cities – to live in.

READ MORE: Why are major Swiss cities so expensive?

Property prices/rents 

Geneva in particular has a complicated housing market — the tiny canton has suffered from an acute housing shortage for many years, with demand far outstripping supply.

One of the reasons for the shortage of apartments and, consequently high rents, have to do with Geneva’s geography and demographics.

The canton is nestled in the southwest corner of the country, where it is wedged between France and Lake Geneva. The land for new constructions is limited, while the demand is growing steadily along with the population.

The situation is not much rosier in Zurich where the affordable housing shortage remains a topic of concern for residents.

READ MORE: Zurich residents concerned about being ‘pushed out’ of city

In the city, the average net rents per month for all existing tenancies, the so-called existing rents, are above the national average in almost all regions and for every apartment size.

According to the Federal Statistical Office, the average net rent in 2021 – regardless of size – was 1,393 at national level.

The average rent in both Zurich (1,628 Swiss francs) and Geneva (1,484 Swiss francs), however, surpassed the national average rent level.

Still, Zurich tenants may be able to save money in the long run by sticking with one apartment.

Flats in Zurich, Switzerland.

Flats in Zurich, Switzerland. Photo by Vincent Dörig on Unsplash

Health insurance premiums
 
It is a well-known fact that health insurance premiums across Switzerland are higher than in most other European countries.

This is particularly true in Geneva, which has some of the highest premiums for mandatory health insurance in Switzerland. However, Zurich isn’t far behind.

According to data collected by Moneyland over 2022, individuals aged 26 and over in the canton of Zurich pay a monthly premium of 338.- Swiss francs on average, while those living in the canton of Geneva pay 479 Swiss francs.

Taxes

The amount of tax you pay in Switzerland depends on a few factors, including where you live.

Taking that into account, choosing between Zurich and Geneva can (and will) have an impact on your wallet – however, there is a flip side to choosing a larger city with a heftier price tag. In Switzerland, it is usually the case that public services will be better in areas with a higher tax rate.

READ MORE: Where in Switzerland has the lowest and highest taxes

A comparison of the 2022 income tax rates across all 26 Swiss cantons by Statista shows that the canton of Geneva leads the chart with the highest income tax rate at 44.75 percent, followed by the cantons of Basel-Country, Vaud, Bern, Basel-City, and Ticino.

The canton of Zurich comes in 7th place with an income tax rate of 39.63 percent. You can also read more about the parts of Zurich with the highest income tax rates in our article on the topic.

Wining and dining

While groceries are around the same cost across Switzerland, the same can’t be said for eating out.

So, how do Zurich and Geneva compare?

Well, first the good news.

According to a report by Swiss news portal Nau, you can still buy a beer in Zurich for under 4 Swiss francs in the Rheinfelden Bierhalle in Zurich Niederdorf, for instance.

Not bad when one considers the average Swiss person drinks about 58 litres of beer a year.

If you’re in Geneva – which is frequently crowned the city with the most expensive beer – a pint can set you back as much as 10 Swiss francs.

But it’s not all bad news for Geneva.

A mug of beer on a beer garden table.

A mug of beer on a beer garden table. Photo: Engin Akyurt/Pexels

If you’re looking to combine your pint with a hearty Doner kebab – a favourite cheat meal of the Swiss – you only have to dish out some 8 to 9 francs in Geneva, while Zurich stalls will charge up to 12 francs per Doner kebab.

READ MORE: Zurich versus Geneva: Which Swiss city is better for job seekers?

Public transport

The canton of Geneva combines its three most important transport companies under the unireso fare network. The latter is made up of a single zone – the Zone 100 Tout Genève – covering all of canton Geneva.

Travellers purchasing a daily travelcard for all Geneva zones will pay 3 Swiss francs for 2nd class travel and 5.40 Swiss francs for 1st class.

Meanwhile, a monthly travelcard for 2nd class travel costs 70 Swiss francs, while 1st class travel costs 119 Swiss francs.

While this may seem steep for some, travelling in Zurich – Switzerland’s largest city – comes at a higher cost.

Travellers in Zurich will need to purchase the NetworkPass to travel in its 5 zones.

If you need to travel across Zurich’s 5 zones for work or leisure reasons, note that a monthly 2nd class travelcard will cost you 175 Swiss francs. To travel Zurich’s 5 zones throughout the year in 2nd class you will need to pay 1,610 Swiss francs.

Moreover, you have the option of buying the 24h-Ticket to travel Zurich, well, for 24 hours.

All zones in this case will cost you, an adult, 34.40 Swiss francs (2nd class), and children between the ages of 6 and 15 will be paying 17.20 Swiss francs (2nd class).

Should you, however, only wish to travel a local network and stick to one municipality, you will only be paying 37 Swiss francs per month, or a yearly 340 Swiss francs to do so.

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.
For members

MONEY

Do adult children in Switzerland have to support their parents financially?

Usually, it is the parents’ responsibility to ensure their kids are well taken care of financially. But can Swiss authorities force the children to return the favour in times of need?

Published: 30 April 2024 15:31 CEST
Do adult children in Switzerland have to support their parents financially?

In most cases, once children are grown up and out of the house, they are (or at least should be) self-sufficient in terms of finances.

Parents too should breathe a sigh of relief that they are no longer obligated to pay for their children’s expenses, except perhaps for giving them some money here and there as a gift.

This is what happens in the best-case scenario.

But what if things don’t go according to this plan — for instance, if the parents find themselves in financial straits and can’t  afford to pay their bills?

Family obligations

Generally speaking, the truly needy people who don’t have enough income to pay for their basic living expenses will receive financial help from the government, in the very least in the form of the health insurance and housing subsidy.

READ ALSO: Can I get financial help in Switzerland if I’m struggling to pay the bills?

However, before doling out public money, authorities will see whether relatives should be made to help the struggling individuals pay their bills.

(In this context, ‘relatives’ means only those in the direct line of descent: grandparents, parents, and children.)

They will do it by checking the tax status of these relatives — how much they earn and what other financial assets they have — to determine whether, and how much, they should be paying toward their parents’ expenses.

Obviously, you will be expected to pay up only if your own financial situation allows it; you will not be forced to part with your money if you have very little of it yourself.

 ‘Favourable financial circumstaces’

Based on a Federal Court ruling, if the adult child  lives in ‘favourable financial circumstances’ they are required to help out their struggling parents.

The Court defined ‘favourable financial circumstances’ as income and assets allowing a comfortable life.

‘Comfortable life’, in turn, was defined by the Swiss Conference for Social Welfare (SKOS), as a taxable annual income of 120,000 francs for a single person, and 180,000 francs for married couples.

“If you have minors in your household, the limit is increased by 20,000 francs per child,” according to AXA insurance.

It goes on to say that you can deduct an exempt amount from your taxable assets.

“Your annual depletion of assets is deducted from the remaining amount. This means that if you are obligated to provide financial support, you are permitted to use part of your assets yourself each year; you don’t have to devote your entire assets to providing support.”

At between 18 and 30 years of age, this is 1/60th per year; from 31 to 40, 1/50th per year; 41 to 50, 1/40th per year; 51 to 60, 1/30th per year; and from the age of 61,1/20th per year. 

Are there any exemptions to these rules?

Aside from not having sufficient funds, you could be exempted from paying if, say, your parents, or parent, have not lived up to their own financial obligations toward you.

In Switzerland, parents are required to  provide financially for their children until the age of majority, and even beyond that if they are still studying or undergoing vocational training — typically, until the mid-20s.

SHOW COMMENTS