Cost of living in Davos
Davos, a picturesque town in Switzerland, is renowned for its ski resorts and the annual World Economic Forum. Understanding the cost of living in Davos is crucial for both residents and visitors, as it provides insights into the financial requirements for living comfortably in this alpine town.
This guide offers a detailed breakdown of various expenses, including dining, groceries, transportation, housing, and utilities, to help you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $31.01 on average, with a range between $22.55 and $73.3.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $129.56, with prices ranging from $112.76 to $564.93.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $14.66, with a range between $13.53 and $17.82.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $5.07 to $11.28, imported beer $3.38 to $7.89, cappuccino $5.07 to $9.02, and Coke/Pepsi $3.95 to $5.07.
Grocery Prices
- Milk - Milk is priced between $1.58 and $2.59 per liter, averaging $2.01.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.58 and $5.07, with an average price of $3.7.
- Eggs (Dozen) - A dozen eggs range from $3.83 to $10.76, averaging $7.57.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.26 to $4.74 per kg, while oranges range from $1.13 to $3.95 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.13 and $3.16 per kg, and lettuce costs $1.8 to $2.82 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.98 and $2.14 per liter.
- Taxi Fares - Taxi fares start at $6.77, with a cost of $4.4 to $4.51 per km and $81.19 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs approximately $36,986.09, while a Toyota Corolla is priced at $38,790.28.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre is not specified in the data provided.
- 1-Bedroom Apartment Rent (Outside Centre) - Rent for a 1-bedroom apartment outside the city centre is not specified in the data provided.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre is not specified in the data provided.
- Buying Price per Square Meter (Outside Centre) - The price per square meter to buy an apartment outside the city centre is not specified in the data provided.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $112.76 and $322.23, averaging $225.86.
- Internet - Internet services range from $45.1 to $56.38, with an average cost of $53.15.
Cost of Living Rankings
The cost of living indices for Switzerland are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Switzerland, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Davos presents a high cost of living, typical of Swiss towns, with significant expenses in dining and groceries.
Housing costs are not detailed, but utilities and transportation indicate a premium lifestyle.
Dining out, especially in mid-range restaurants, can be particularly expensive, suggesting budgeting for meals is essential.
Conclusion
Living in Davos, Switzerland, requires careful financial planning due to its high cost of living. While the town offers a beautiful setting and high quality of life, expenses such as dining, groceries, and utilities can add up quickly.
Potential residents should consider these factors when planning their move to Davos, ensuring they are prepared for the financial demands of living in this renowned alpine destination.