Swiss cities Zürich and Geneva remain second and third in a UBS global cost of living ranking, while Oslo in Norway is the most expensive city in which to live.

 

"/> Swiss cities Zürich and Geneva remain second and third in a UBS global cost of living ranking, while Oslo in Norway is the most expensive city in which to live.

 

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UBS

Two Swiss cities in cost of living top three

Swiss cities Zürich and Geneva remain second and third in a UBS global cost of living ranking, while Oslo in Norway is the most expensive city in which to live.

 

Two Swiss cities in cost of living top three

The annual “Prices and Earnings“ study by Swiss bank UBS shows the effects of currency shifts and compares prices and earnings in 73 cities worldwide for 122 goods and services. 

After Oslo, Zürich and Geneva come Copenhagen, Stockholm and Tokyo after the study was updated to reflect the present currency situation.

The highest salaries are earned in Zürich, Geneva and Copenhagen. However, Zürich, Sydney and Luxembourg have the greatest domestic purchasing power based on their net wages, according to the study:

“Comparing domestic prices for a universal basket of goods against the domestic wage level allows us to examine the difference in relative purchasing power,” said UBS.

“Therefore people working in Zürich, who lead our index, can afford the most domestically in relation to the other cities surveyed.”

American cities cost lower than in previous years, UBS said, with New York slipping from sixth to 14th most expensive location since 2010.

UBS publishes an in-depth study on prices and earnings every three years, updating it annually. 
In 2010, and again this year, UBS researchers adjusted the most important indices from the 2009 survey for inflation, GDP growth and changes in foreign exchange rates.

This year UBS launched an iPhone app, which is available for free download. Users can participate in data collection about their city for next year’s survey.

Website: www.ubs.com/pricesandearnings

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ZURICH

Swiss rail to close ticket counters in Zurich, Bern, Vaud, Ticino and Zug

Switzerland’s Federal Railways (SBB) will be removing the ticket counter from nine stations in the cantons of Zurich, Vaud, Bern, Zug and Ticino

Swiss rail to close ticket counters in Zurich, Bern, Vaud, Ticino and Zug

The SBB made the announcement on Wednesday, saying the decision was made due to a lack of demand. 

Instead, commuters will need to buy tickets from automated machines. 

In the canton of Zurich, the ticket stations in Dietlikon, Hinwil, Kloten, Männedorf and Oberwinterthur will be closed. 

In neighbouring Zug, Cham’s ticket counter will be closed, while the Herzogenbuchsee station in Bern will also go fully automated. 

MAPS: The best commuter towns when working in Zurich

In Latin Switzerland, Pully in Vaud and Biasca in Ticino will see their ticket counters closed. 

The SBB told Swiss news outlet Watson that approximately 95 percent of ticket sales are now made via self-service machines or online. 

The advent of navigation apps has meant the need for personal advice on directions and travel has fallen, particularly in smaller areas or stations with lower traffic. 

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