Sunday , December 15 2019
Home / le News / How an average Swiss household spends its income

How an average Swiss household spends its income

Summary:
Recently published figures show that average (mean) monthly household income in Switzerland in 2017 was CHF 9,917 (US$ 9,963). This is equal to CHF 119,004 (US$ 119,554) a year. Income is made up of salary income (CHF 6,320; 64%), freelance income (CHF 984; 10%), investment income (CHF 494; 5%) and money from the government (CHF 2,119; 21%) – pensions and other welfare and transfers. The largest item of expenditure is taxes and compulsory insurance (CHF 2,933; 30%), although this includes compulsory salary pension payments, so it is probably more meaningful to separate this figure into CHF 2,588 (26%) of taxes and unavoidable insurance payments and CHF 405 (4%) of pension savings. The next largest items of spending are housing and energy (CHF 1,463; 15%), transport (CHF 742;

Topics:
Investec considers the following as important: , , ,

This could be interesting, too:

Investec writes Money for nothing – Swiss government gets paid to borrow

Investec writes Money for nothing – Swiss government gets paid to borrow

Investec writes Another month of falling prices in Switzerland

Investec writes Some Swiss import duties could be axed

Recently published figures show that average (mean) monthly household income in Switzerland in 2017 was CHF 9,917 (US$ 9,963). This is equal to CHF 119,004 (US$ 119,554) a year.

Income is made up of salary income (CHF 6,320; 64%), freelance income (CHF 984; 10%), investment income (CHF 494; 5%) and money from the government (CHF 2,119; 21%) – pensions and other welfare and transfers.

The largest item of expenditure is taxes and compulsory insurance (CHF 2,933; 30%), although this includes compulsory salary pension payments, so it is probably more meaningful to separate this figure into CHF 2,588 (26%) of taxes and unavoidable insurance payments and CHF 405 (4%) of pension savings.

The next largest items of spending are housing and energy (CHF 1,463; 15%), transport (CHF 742; 8%), food and non-alcoholic drink (CHF 636; 6%), optional insurance – mainly health (CHF 591: 6%), restaurants and hotels (CHF 571; 6%), recreation and culture (CHF 577; 6%), extra healthcare spending on top of insurance (CHF 244; 2%), food and clothing (CHF 202; 2%), communication (CHF 189; 2%) and other expenses (CHF 648; 7%). The average household in Switzerland regularly saves CHF 1,111 (11%) a month on top of compulsory salary-based pension savings.

The results are based on a survey of 3,217 households in 2017. In 2017, an average Swiss household contained 2.18 people.

More on this:
Federal Statistical Office data (in French) – Take a 5 minute French test now

For more stories like this on Switzerland follow us on Facebook and Twitter.

About Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to our niche client base.

Leave a Reply

Your email address will not be published. Required fields are marked *