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Old 17.05.2015, 13:44
JDK JDK is offline
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Salary comparison €50k Dublin, Ireland 》125k chf Zurich

Hi all

I am a new joiner (Irish) and potential expat to Zurich.
I am considering a job offer in Zurich. I know there is a lot to consider beyond salary but I just want to gauge what the 'real' difference between my current and potential salary is.

I am currently on €50k in Dublin, Ireland and have been offered 125k chf in Zurich. On the face of the offer (ie 2.5 times approx my current gross salary) I was blown away, since then I have been trying to crunch the numbers to get the 'real' comparison;

My net monthly income in Ireland is about €2900, (€2600 net with pension). Health insurance paid as benefit by employer.

Based on a few of the swiss tax calculators I found I am expecting 125k chf gross to net 8000 chf per month (is this about right?).

If I adjust my Irish net income up by 60% to take into account cost of living in zurich (60% higher than Dublin according to numbeo.com). This means I would need to earn €4640 per month equivalent in Zurich. If I convert that to chf at today's rate €1 : 1.04 chf), to make it all one currency - I am getting a comparable income of 4825 chf ( ie this is what I would need to earn in Zurich to maintain same standard of living).

If this is right then my job offer of 125k chf is approximately 60% increase on my current salary. My 'real' comparison is an increase from €50k to €80k (Ireland)

Do you think this is accurate or have I missed something big?
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