Another cost of living thread, Canadian moving to Zurich

[stanleyi]

Hi everyone,


I have been reading this forum (including numerous cost of living threads) for a while because I might move to Zurich soon. I want to get a good understanding of what cost of living in Zurich is.


A few words about myself. I am 30-year-old PhD graduate and work in insurance. I am single at the moment, but this may change soon. My gross base salary is 95k CAD. I live in a one-bedroom rental apartment (downtown) and have an inexpensive car. My fixed monthly expenses are as follows:


1) rent + parking, $1145
2) internet + cellphone + utilities, $110
3) groceries, ~$300
4) home + auto insurance, $131
5) dining out, ~$100
6) gas + car maintenance, ~$200
7) free health care (Canadian medicare + medical benefits from work).


That being said, my fixed expenses are around $2000, and I normally don’t spend more than $2500 a month unless I travel. That, combined with my base monthly net salary of $5750, allows me to save ~55% of my regular monthly income.


I tried to project this lifestyle to Zurich, and I arrive at 3500-4000CHF of fixed monthly expenses (no car!). My anticipated gross salary in Zurich is 120k - 130k CHF, or 7600-8150 CHF net.


As a side remark, I try to minimize my fixed monthly expenses as much as possible without sacrificing the quality of life (for example, I look for deals for groceries, clothes, Internet providers, buy used cars and pay in full, shop for the cheapest insurance every years, etc.). That being said, my expenses are lower than those of an average Canadian in my situation. I prefer to spend my money on positive experiences as opposed to material things, and I like to travel a lot.


My questions are:
1) Are my estimates for Zurich realistic?
2) Is it easy to achieve the savings rate of 50% or more with the 120kCHF salary for a single in Zurich?


Thank you for your input.

[Rangatiranui]

Good morning, welcome to the forum.

Your current spending will have little to do with what you will spend here as the prices are different and your lifestyle will change.

There is also no point in bringing your car - for the price of shipmet you can get another here.

Just pick up and move. There is never logic involved in that decision.
If you dont like it, move back.

[Today only]

Apart from spending a lot of tine saving money, you got time to do anything else ?

[hongkonghorsey]

My recommendation would be to request the company which makes the job offer to provide you with a simulated pay roll, showing what deductions they will be applying to the salary for pension / AVH / tax etc. That way you can see what net income you will be taking home.

Then use some of the other threads here to estimate your monthly Swiss cost of living budget (the Canadian costs mean nothing) including medical insurance and rent.

It is doubtful that you will be able to achieve a 50% savings rate in Switzerland

[stanleyi]

	Quote:	Today only
	Apart from spending a lot of tine saving money, you got time to do anything else ?

You don't have to be sarcastic and could instead provide some useful information on the cost of living.

[paizuri]

2) Yes it is

[roegner]

	Quote:	stanleyi
	You don't have to be sarcastic and could instead provide some useful information on the cost of living.

As the question was raised a multitude of times, have a look around the forum

[Today only]

	Quote:	stanleyi
	You don't have to be sarcastic and could instead provide some useful information on the cost of living.

You could be a bit less lazy and search on the forum a bit too !

[flow23]

	Quote:	stanleyi
	My questions are: 1) Are my estimates for Zurich realistic? 2) Is it easy to achieve the savings rate of 50% or more with the 120kCHF salary for a single in Zurich?

yep, defo doable. the biggest cash burner is food. going out is expensive, so for a 100 CHF you can go out 3x a month max. cantines at employers are eventually subsidized or restaurants in business districts
have settled for menus that come in at 15-25chf. so if you cook you are fine, when employer provides microwave even better. besides, that meat is expensive you are good off cooking at home. the rest what you listed is ok. and will either settle at your budget or a tad lower or higher depending wht contracts for insurance and so on you will sign.

[st2lemans]

	Quote:	stanleyi
	2) Is it easy to achieve the savings rate of 50% or more with the 120kCHF salary for a single in Zurich?

Before or after taxes?

Tom

[Occasional_Canadian]

	Quote:	stanleyi
	My questions are: 1) Are my estimates for Zurich realistic? 2) Is it easy to achieve the savings rate of 50% or more with the 120kCHF salary for a single in Zurich? Thank you for your input.

OK, Canadian costs don't matter, as others have said. In my opinion, your estimates are realistic if you don't live downtown (for example, you can get a decent place in Dubendorf for ~16-1800), and shopping the discounters for food etc. will help.

You could also manage the 50% savings on net, but that'll rule out a lot of travel. Staying very cheap becomes a job, and lifestyle creep is real - and I don't mean "getting a Porsche" kind of creep, I mean "shopping at Coop because it's closer."

In general air travel is far cheaper and more convenient than in Canada ( AC and the shitty internal connections), because the low cost carriers are available for Europe. However, trains can get pricy if you have no car and want to get around, and more travel means more hotel costs, which can add up.

PM me if you want more detailed info. Also, where in Canada are you coming from?

[Phil_MCR]

	Quote:	stanleyi
	My questions are: 1) Are my estimates for Zurich realistic? 2) Is it easy to achieve the savings rate of 50% or more with the 120kCHF salary for a single in Zurich?

1. yes
2. yes

[stanleyi]

	Quote:	Today only
	You could be a bit less lazy and search on the forum a bit too !

Why do you make assumptions about my laziness? I mentioned in the starting post that I had read most of the threads about cost of living in Zurich. I have also studied numbeo and related websites. The reasons why I created the thread are:


1) Living costs change over time, so old threads may not reflect the true living cost in Zurich at the moment.
2) Living cost comparisons on numbeo may be inaccurate. For example, some prices are completely off for a city I currently live in.
3) Always more reliable to ask locals.

	Quote:	st2lemans
	Before or after taxes? Tom

After taxes, of course.

	Quote:	Occasional_Canadian
	OK, Canadian costs don't matter, as others have said. In my opinion, your estimates are realistic if you don't live downtown (for example, you can get a decent place in Dubendorf for ~16-1800), and shopping the discounters for food etc. will help.

I listed my Canadian living costs and their breakdown across categories to establish a baseline for comparison, so to speak. Always easier to compare apples to apples. I tried to estimate costs in Switzerland in each of the categories, and this is how I arrived at the 3500-4000 CHF range.

	Quote:	Occasional_Canadian
	You could also manage the 50% savings on net, but that'll rule out a lot of travel. Staying very cheap becomes a job, and lifestyle creep is real - and I don't mean "getting a Porsche" kind of creep, I mean "shopping at Coop because it's closer."

Just to be clear, I don't think I qualify as being extremely cheap. I do spend money when I feel there is a need to. I travel a lot, don't go to Walmart to buy the cheapest food, dine out, spend on entertainment, etc. What I meant is that if there is a way to save and it doesn't take a lot of time to do so, I will take this opportunity.

	Quote:	Occasional_Canadian
	PM me if you want more detailed info. Also, where in Canada are you coming from?

Ontario, I live close to the GTA area. Thanks for offering your help.

[Today only]

	Quote:	stanleyi
	Why do you make assumptions about my laziness? I mentioned in the starting post that I had read most of the threads about cost of living in Zurich. I have also studied numbeo and related websites. The reasons why I created the thread are: 1) Living costs change over time, so old threads may not reflect the true living cost in Zurich at the moment. 2) Living cost comparisons on numbeo may be inaccurate. For example, some prices are completely off for a city I currently live in. 3) Always more reliable to ask locals.

Because there are plenty of threads about cost of living that are recent.


Seeing we have no breakdown of your approx figures for living in Zurich t is totally impossible to say whether it is realist or not.


I have no idea if you speak the local language or not, but without it you will certainly pay higher prices than a local as you have no local network nor standards to guide you.