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1.3 Net average monthly salary (adjusted for living costs in PPP) 2 European and transcontinental countries by monthly average wage 3 Average monthly gross wage (1998–2018)
The Global price level, as reported by the World Bank, is a way to compare the cost of living between different countries. It's measured using Purchasing Power Parities (PPPs), which help us understand how much money is needed to buy the same things in different places. Price level indexes (PLIs), with the world average set at 100, are ...
The official poverty line is drawn at CHF2,279 ($2,300) per month to pay for rent, health insurance, clothes and food. [107] About 8.2% of the population live below the national poverty line, defined in Switzerland as earning less than CHF3,990 per month for a household of two adults and two children, and a further 15% are at risk of poverty. [108]
ZURICH (Reuters) -Switzerland voted decisively to increase pension payments for the elderly in a referendum on Sunday, as concern over living costs and support for a stronger social safety net ...
In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). This is not to be confused with the average income which is a measure of total income including wage, investment benefit, and other capital gains divided by total number of people in the population including non-working residents.
In 2016, the median monthly gross income in Switzerland was 6,502 francs per month (equivalent to US$6,597 per month). [153] After rent, taxes and pension contributions, plus spending on goods and services, the average household has about 15% of its gross income left for savings.
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The average employee returning to the office spends $561 per month–that's the average two-person household’s grocery bill in the U.S. for the entire month.