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  #41  
Old 20.12.2009, 10:31
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Re: income for comfortable lifestyle in Basel? [210K, 2 adults, no kids]

I would say with this salary you can afford flying by private jet and own swimming pool in a rented house. If you get tennis court too, let me know so I'll come (by train) and offer you tennis lessons
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  #42  
Old 20.12.2009, 10:45
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Re: income for comfortable lifestyle in Basel? [210K, 2 adults, no kids]

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....and nobody cares about the pattern on your tie.
speak for yourself!

the tie maketh the man!

and what about the italians?
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  #43  
Old 20.12.2009, 10:52
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Re: income for comfortable lifestyle in Basel? [210K, 2 adults, no kids]

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indeed, but I remember a thread where a wife refused to move over with the husband for less than 200K and decided she'd rather have a long distance marriage than live on such tiny salary (and that was just her own salary she was talking about, not the whole family income)...
well, we all have our price, and our priorities.

and the longer this thread keeps going, the better exchange rate USD->CHF, the "higher" the income of 210 CHF in USD..

a week ago 210k CHF would "only" have been 209 USD. Today its 218 USD.
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  #44  
Old 20.12.2009, 12:29
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Re: income for comfortable lifestyle in Basel? [210K, 2 adults, no kids]

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Hi All,

We're a young couple (no kids) currently living in Boston, my partner was just offered a job in Basel. We have a very comfortable lifestyle here (dine out 3-4 times a week, nice car, cleaning lady, nice apartment, lots of traveling...etc).
We were wondering if an income of 210K chf would allow us to maintain a similar lifestyle in Basel.

We're looking forward to moving to Europe!

Thanks in advance for your comments!

Gab
No way, 210K CHF is nothing in CH, you'll have to ask for the help of the social security offices to carry on.
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  #45  
Old 20.12.2009, 20:37
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Re: income for comfortable lifestyle in Basel? [210K, 2 adults, no kids]

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No way, 210K CHF is nothing in CH, you'll have to ask for the help of the social security offices to carry on.
Which is as follows (for one person):

- Basic coverage (food, clothes) Sfr. 960.-
- Rent, up to Sfr. 1'000
- Side costs, let's put Sfr. 250.-
- Health care insurance, approx. Sfr. 250.-
- additional costs if required by the individual situation

Totals about Sfr. 2'500 - 3'000.-

multiplied by 12 = Sfr. 30'000 - 36'000.-- per year.....
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  #46  
Old 21.12.2009, 16:57
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Re: income for comfortable lifestyle in Basel?

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you've obviously never run into a banker that makes 750k then
I haven't either... where is he please? I'm polishing my nails and dusting off the diamante necklace as we speak...
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  #47  
Old 24.12.2009, 15:18
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Re: income for comfortable lifestyle in Basel? [210K, 2 adults, no kids]

I'm just reading these posts now.....Dougal's Breakfast, you are naughty! But I did get a chuckle reading your sage advice!!

(By the way OP, when I arrive in Basel in June I am hoping for about a quarter of that and expecting to manage!)

Cheers, and Merry Christmas to all.

Pam
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  #48  
Old 24.12.2009, 15:47
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Re: income for comfortable lifestyle in Basel? [210K, 2 adults, no kids]

Above 200K, you're nobody in these parts without a personal physicist. So you can quote cool stuff at dinner parties. I know one who would be willing; no butler duties of course.
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  #49  
Old 24.12.2009, 16:34
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Re: income for comfortable lifestyle in Basel? [210K, 2 adults, no kids]



I realise that it's hard for some to believe that anyone could possibly earn 200k a year. Moreover, it's hard to believe that anyone earning such an extravagent sum has time to do anything besides lighting their Cuban cigars with 100-franc notes. Such a huge sum is unthinkable in these economic conditions, and imagining myself with such a fortune seems like winning the lottery.

Heaven knows how many groans this will earn me, and knowing the audience on here, I'm hardly sure why I bother, but...

<sarcasm mode off>

CHF200k isn't a fortune. It may seem like a fortune to someone who earns a quarter the salary, but it isn't the champagne and truffles lifestyle that most people here seem to think it is. Yes, CHF200k is plenty for a couple to live comfortably. But here's the answer you're probably looking for:

CHF200k doesn't buy the same lifestyle as USD200k. Both material goods and services here are significantly more expensive. Your cleaner will cost you CHF100 a week for four hours per week, and you'll see very little change from CHF100 for a very average dinner for two, in a very average restaurant.

If you are used to going out a lot at home, I suspect you'll find yourself cooking far more frequently than you used to in the US. And you'll be shocked that the cost of shopping for dinner in the supermarket often costs more than you'd pay to eat the same meal in a restaurant at home.

You'll be equally shocked to find that catching a cab home after a few drinks in the bar costs more than the drinks themselves. If you're the type who treats yourself to a cab a few times a week, and you don't live right in the centre of the city, budget a couple hundred francs a week. Yes, trams are cheap, but if you miss the last one of the evening, you're faced with the prospect of a very expensive trip home.

Like to treat yourself? Regular visits to the manicurist and hairdresser? Better learn to DIY, because these will add several hundred francs a month to your budget as well...

At 200k, you're likely to trade a large home in the US for a reasonably-sized apartment in Switzerland (probably about 2000-2500 sq ft).

So, is it roughing it? Will you struggle to survive? Of course not. You're earning a healthy salary in comparison to your peers. But will it be the same lifestyle you're used to at home? Absolutely not.

Having said that, many who have made a similar move (myself included) are happy with the trade-offs they've made, are enjoying a very comfortable and rewarding existence in Switzerland, and wouldn't trade it for the world. Given your situation and constrainsts, I'd encourage you to go for it!

<sarcasm mode on>

Sorry, must run now. My butler says that the champagne is overflowing in the tub. Next thing you know, the dogs will be lapping it up and leaving their little crottes on the priceless oriental carpets, running drunkenly through the house and tipping over the Ming vases. Again.

Oh well, it's only money, right? You can't take it with you...

Last edited by Village Idiot; 24.12.2009 at 17:35.
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