Premise: Switzerland is the most expensive country in Europe, so sooner or later, you will need to deal with the question “How much money do I need to move to Switzerland?”. Unfortunately, there is no universal answer, but I will give my best to give you some good estimates! Overall, the more money, the better! 😉
Good to know: All estimates are in CHF (Swiss francs): 1 CHF is approximately 0.90 Euro or 1.10 US Dollars. Swiss coins are: golden 5 cents and silver 10 cents, 20 cents, 50 cents (see picture), 1 franc, 2 francs and 5 francs. In Switzerland we have following banknotes: 10 francs, 20 francs, 50 francs, 100 francs, 200 francs and 1’000 francs. Swiss francs are called “Schweizer Franken” in German, “Francs suisse” in French and “Franchi svizzeri” in Italian.
Checklist: How much money do I need to move to Switzerland?
- Legal: Money for papers (for example work permit) and bureaucracy (registration in the community, etc): 200 CHF / person. Note: Costs for documents in your own country are not taken into account.
- Accommodation: from 0 CHF / person (if you can live for free at a family’s/friend’s home) up to 1’500 CHF / person rent + 4’500 CHF deposit (monthly rent for an apartment with a 3 months deposit). Note: This is an estimation, there is no upper limit for rents. In the next steps we will discuss more in detail how to find an accommodation and how to save money!
- Furniture: from 300 CHF / person (for the transport of all your furniture to Switzerland or if you have a furnished room) up to 2’000 CHF / person (if you have to buy all your furniture). Note: There will be another post about this topic later on!
- Goods: from 100 CHF / person (if you live with family/friends) up to 350 CHF / person (to buy food, toilet paper, soap, shampoo, towels, dishes, pots, etc. electronics not counted)
- Internet, phone: from 100 CHF / person up to 150 CHF / person for internet and phone subscriptions.
- Health Insurance: from 250 CHF / person / month up to 500 CHF / person /month (will be discussed in a later post, note that health insurance is mandatory in Switzerland)
- Other insurances/costs: from 50 CHF (no car, no own other insurances) up to 1’500 CHF / year (car insurance) + 500 CHF / year (car registration) + 5’00 CHF / year (liability insurance / household insurance)
- Living costs: Money that you need if you want to survive until you get your first pay: from 500 CHF / person / month up to 1’500 CHF / person / month (for gasoline/public transport, food, other expenses).
- Reserves: from 500 CHF / person up to unlimited (the more the better)
Conclusion: All these topics will be discussed more in detail in the next posts and the focus will be on how to save money. Overall, even in the best case (free accommodation and you can start working right away), I would absolutely not recommend you to move to Switzerland with less than 2’000 CHF / person.
Suggestion: Make a list of which topics fit for you and estimate your personal costs. Review the list every time you find new information. Start saving up on time!
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