Is Zug the most expensive rent in Switzerland? Unfortunately the answer is YES! Or fortunately for the ones that own property in our canton. In the data released by BFS (Bundesamt für Statistik) or also know the National Office of Statistics, Zug came on top of the list with 1,818CHF per month. This is average net monthly rent without charges and heating costs. The average of the entire country is 1362CHF/month, which means that Zug is 33% more expensive than the National average.
Zug was found more expensive than Zurich and Geneva to my surprise. I was also surprised to see Nidwald in the Top 4 position, where I have never been. I might visit it now to understand. OK for Zug, I get it: low taxes, lots of companies and people with good salaries plus a shortage of accommodation. I guess for the same reasons, Schwyz is in the Top 3 position.
TOP 5 CANTONS WITH THE HIGHEST RENTS (CHF)
Now when it comes to the most affordable places, the list has some beautiful places that I have been indeed, like Jura, Neuchatel and Valais.
TOP 5 CANTONS WITH THE LOWEST RENTS
The rent in Zug exploded the last 20 years, but it has been stable for the past 10 years. Since 2000, the rents in Zug increased by 35%, while the National average increased by 30%. However a tiny drop has been observed in the last year of the data reported.
ZUG RENT EVOLUTION (2000-2019)
Although Zug and Baar have the most homes, Oberägeri has the most available openings today.
Zug Cities with the most Homes (#WOHNEN) and Vacancies (%FREIE)
I found very interesting the following, as I was going through the data. The Households with only Swiss Nationals or only International people are paying lower rents (1346CHF/month and 1331CHF/month respectively) than households that have both Swiss Nationals and Foreigners (1549CHF/month). So the mixing, which shows the warm hospitality of the Swiss (at various levels) and the beautiful integration of the foreigners, that mixing ends up in higher average rents.
SWISS HOUSEHOLDS COMPOSITION and MONTHLY RENT in CHF
So what do we do with this info? Are we staying? Are we moving? And if you are moving, are you paying lower than 1818CHF/month? I am not and I am staying, so I am interested. 😉
Cover photo by Andreas Busslinger via Zug Tourismus Bilder.