Our data this year shows almost two thirds of expats around the world have a higher income as a result of the move, putting an extra USD21,000 on average into their pockets annually.
In Switzerland, our top ranked territory for economics in 2018, that figure is more than USD61,000. On average expats in Switzerland earn USD203,000 a year – almost twice the global average.
For most (58%), the equivalent job they were doing before the move simply pays more in the new location, but half also say they pay less tax.
of expats say their equivalent job pays more in their host country.
Despite the higher cost of living, the obvious relationship between strong finances, wider wellbeing and a positive future plays out. Only 9% of expats living in Switzerland say they're anxious about their financial future despite a higher cost of living than at home. Only 1% is concerned about the local economy.
With numbers like these, it makes sense that 89% of Switzerland-based expats have been here five years or more.
In fact, while the reputation of the expat may be one of extraordinary adventures, unusual lifestyles and a slight risk of the unknown, the truth is stability is critical, especially when it comes to money.