Inflation, currency exchange rates, supply chain disruptions, energy prices, and geopolitical events are just a few of the elements that can significantly affect the cost of living in various places worldwide.
The capital city of Switzerland has an abundance of costly variables that contribute to Geneva’s high cost of living, including the city’s prosperous economy, high incomes, restricted housing supply, high taxes, and high import duties.
The fact that it serves as the global financial center is certainly a plus. Its ability to attract investment from both the West and the East simultaneously makes its markets unique.
Several factors contribute to Zurich’s status as one of the world’s most expensive cities, including high salaries and consumers’ purchasing power; high population density driving up prices of land and real estate; foreign producers and suppliers imposing significant price increases in Switzerland.