Hacker News Reader

Comment by eoin_murphy | Hacker News Reader

Please correct me if I'm wrong, but while salaries are high and taxes are relatively low, general living costs are quite high. Particularly if you have kids and so want a bigger house and good schools.

I've looked at this and the benefits we get from staying in Germany outweigh the extra income earned.

View on HN

Do your own cost of living estimate.

Last year my Junior Software Developer (with ETH Masters) balance sheet looked as follows :

Income:8650

Taxes :1640 (income, social etc. ) Food/Drink/Dates: 1560 HealthInsurrance : 346 Rent : 1640 (2 rooms 64sqm) downtown nice part of town Other : 400

So i end up saving 3k per month

But i don't have kids that would be >2.5k per kind for daycare.

If you try a bit, you can live for under 2000 CHF or for less than that: "Move to Switzerland, work in IT, live frugally and be free" https://www.youtube.com/watch?v=H1oeSs67myA

You pay 2.5k only for a year or two, when the kids are 2-3 years old; after that it's free kindergarten again.

Thanks for the real numbers. When I was looking the sort of salaries I was being quoted were in the 10000 per month range which is a lot more than what I'm currently on but would actually work out worse once costs are taken into account.

Yea i am at 10000 now, but did not want to redo my finances :P

Also I would like to add that my friends who do not speak German are making all making less than 8333 (excluding those at google or a bank).

you only paid 1640 in taxes out of an 8650 income?! that's crazy!

even if we include the health insurance, it's still only 2k in taxes out of an 8650 income (less than 25%)

a lot of countries in europe will tax you 40% for that income...

Usually European taxes are complicated. I make 44k a year but I get about 33k on my bank account each year. This is because even though we have a 33% and 40% rate there are also numerous tax-cuts in place.

Ie: in NL you can deduct your entire mortgage rate interest from your gross income. This basically means you get a 40% discount on your mortgage. And there are numerous more.

Mortage interest rates are 1% these days so that is not really much.

If you are single and renting, you don't get deductions and if you are having family then probably it is not worth moving anyway. Even less if you already have mortgage somewhere else than NL. So I do not feel it is useful to compare different countries. Unless for single people renting flats who could move quite easily.

i agree its crazy. I do feel a bit dirty for living here seeing all the other europeans helping their neighbours while we are sitting here playing the isolation game.

Is this CHF or did you convert to USD or EUR?

The CHF is almost identical in value to the USD these days.

CHF

Do you speak German?

I found Zurich difficult when not speaking the language.

yes, we require german. :/

The living costs are high, but still noticeably lower than the craziness of US tech hubs.

True, they're not that crazy, but when I looked at the higher salary Vs the higher costs it was financially better to stay put. Of course money isn't the only deciding factor but it's not the land of massive opportunity it's sometimes presented as.

That said, if you've got no dependents and you want to stay in mainland Europe, then it's probably a very good choice.

Reply on news.ycombinator.com