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  #21  
Old 14.12.2012, 23:05
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Re: Life in Zug

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Really? Plenty of us manage quite fine on a lot less than that.
Yes, but it`s sooo much more expensive in Zug than Zurich .

Its all about perspective I am also sure you can live on a LOT less than 200k but it depends on your current lifestyle and most people want at least a similar lifestyle. Zugs cost of living is definitely higher than the US and the tax breaks don`t really help if you earn a good salary.

Shortly after we moved here for my wife`s job I was in the office in NJ where I worked and an article came out in the WSJ about how in Zug locals were being displaced by expats and the article stated the MINIMUM salary to live in Zug was 300k!

Some of my colleagues started putting 2 + 2 together and getting 6.
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  #22  
Old 15.12.2012, 02:39
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Re: Life in Zug

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HI and thanks for your prompt answer.

Currently we live in Massachusetts where life is kind of expensive.
You wrote daycare is expensive. What about preschool?
Is it hard to find a place to rent?
Thanks for pointing out the taxation over the certain amount.
I lived in Switzerland for a year. I used to think Boston was expensive, what with 800k buying little more than a tiny colonial with no yard inside 128 and daycare running about $25k a year...and then I moved to Switzerland. There are no words to describe just how expensive Zurich is. Don't move for money, we didn't, look more closely at why you are moving and what you want out of the deal. If you're used to a fairly bustling town like Boston and the seaside and the ability to dine out occasionally, etc. and you're just thinking it'd be nice to have all that and Heidiland too...look harder and closer before you make that leap.

Private pre-school (dunno about public) was 2400/month. And, yes, finding a place to rent is expensive and difficult to find. Expect to pay in the neighborhood of 3000 chf/month with 3 months up front as a deposit.
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  #23  
Old 15.12.2012, 03:33
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Re: Life in Zug

You've been given very good advice... do not underestimate how very expensive Switzerland - and Zug - is.

If you are a 'US Person' you will not get the benefits of low ZG taxes; expect to pay at least as much in total taxes split between the two countries as you would if you were a US resident - and possibly more.

What living in a low tax canton might do is simplify your tax planning and exposure to AMT - but whether that balances the very high costs of living in ZG/CH is an individual calculation.

Any American considering a move to Switzerland really should sit down with a US/CH tax pro and crunch numbers carefully before signing on the dotted line.

As Poptart says, move to Switzerland for the adventure, for a career opportunity, for any number of personal reasons. But don't do it for money alone. Make sure you understand the full financial picture; hopefully the reason that draws you to Switzerland will compensate for a potential financial/lifestyle downtick.


Good luck!

Last edited by meloncollie; 15.12.2012 at 03:44.
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  #24  
Old 16.12.2012, 01:50
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Re: Life in Zug

I'm sorry to interject Hungarian, but...with all of the talk about money and costs and the like, I must ask: do you or your husband have the permits or means to gain permits to live in Switzerland? Are you or your husband at least an EU citizen? Getting work is not so easy...especially for fully papered Americans.

Now...with that being said, you may want to consider living in Affoltern am Albis or one of the other southern villages in Zurich canton. We do. We actually have a rather great apartment with a view of the alps that is breath taking. It only took us two months to find it! We can drive to anywhere in the region in 30 minutes or less: airport, Zurich, luzern, zug, and most important...one of three ikea's. One comment about living costs...forget buying top notch furniture in Switzerland. Even Ikea will give you sticker shock.

All those thoughts aside...and through experience...I can say that without a doubt, the quality of life here is worth the expense. The ability to be immersed in nature or culture is profound. It might be worth the leap in the end.

Good luck!
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Old 16.12.2012, 12:37
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Re: Life in Zug

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I'm sorry to interject Hungarian, but...with all of the talk about money and costs and the like, I must ask: do you or your husband have the permits or means to gain permits to live in Switzerland? Are you or your husband at least an EU citizen? Getting work is not so easy...especially for fully papered Americans.

Now...with that being said, you may want to consider living in Affoltern am Albis or one of the other southern villages in Zurich canton. We do. We actually have a rather great apartment with a view of the alps that is breath taking. It only took us two months to find it! We can drive to anywhere in the region in 30 minutes or less: airport, Zurich, luzern, zug, and most important...one of three ikea's. One comment about living costs...forget buying top notch furniture in Switzerland. Even Ikea will give you sticker shock.

All those thoughts aside...and through experience...I can say that without a doubt, the quality of life here is worth the expense. The ability to be immersed in nature or culture is profound. It might be worth the leap in the end.

Good luck!
Another advantage to Affoltern / South Kanton Zurich, is that you will pay less in rent, but more in taxes. If you still have tax obligation to Uncle Sam then the extra tax you pay in Zurich just reduces the amount you pay to the US.
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  #26  
Old 18.12.2012, 18:22
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Re: Life in Zug

We are a family of 4 living in Kt. Zug with a salary less than 100k/yr. We have a brand new car (paid in cash), no debt and take 4 weeks holidays away from home every year. Dont believe the 200k+ hype! It's all about budgeting!
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  #27  
Old 18.12.2012, 23:37
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Re: Life in Zug

[QUOTE=SwissMar. Dont believe the 200k+ hype! It's all about budgeting![/QUOTE]
Actually, on reflection that's right, it is about budgeting and 200k is by no means essential. I just meant that to live here without money worries for me ( with 3 kids in private school, a lot of travel, eating out often etc.) it costs a lot. That annoys me sometimes as a similar lifestyle would cost less in other countries. But that's the deal here. And I agree that cost should not be the only factor. Zug really is a very nice and safe place for kids. The sport facilities are fantastic and quite reasonably priced, as is music. it is very clean and well organised with good libraries and shops etc. It has a lot to offer a family, you should come for a visit.
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