... or continue scrolling down for more interesting facts about salaries and income in Switzerland. What lies behind this is a strong focus on education and technological innovation, and, of course, favourable tax rates. Granted upon achieving an important goal or milestone. Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level. Hourly jobs pay per worked hour. Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. Data from the Conference of Education Directors for German-speaking Switzerland published in October 2018 showed that primary school teachers in Geneva (CHF 97,000) earned significantly more than those in Nidwalden (CHF 85,000) and Ticino (CHF 66,000). In total, residents in Switzerland can expect to pay from 20–40% of their earnings in Swiss taxes depending on monthly income and where you live. These are based upon a range of factors such as job grade, qualifications, and working hours. The numbers seem to support this tactic. Details of Tax Revenue - United Kingdom. The fifth quintile’s income fell in 18 Member States, to varying extents. Despite rejecting a minimum wage in the national vote, the cantons of Jura and Neuchatel have minimum wage levels of CHF 20 per hour. But there is a considerable gap between the richest and poorest – the top 20% of the population earn more than four times as much as the bottom 20%. For certain common jobs in Switzerland, Lohncomputer offers the following annual wage estimates from salary surveys: Doctor/Vet: CHF 110,000–130,000 IT: CHF 115,000–120,000 The total number of households is 6,194 with 2 people per household on average.The median age of the current population is 37 with 6,992 people being married and 5,318 being single. So who gets paid more: men or women? For example a health specialist working in middle management in the pharmaceuticals industry in Zurich, working a 40 hour week, could expect a gross monthly median salary of between CHF 12,305 and CHF 14,698 depending on gender and work permit. The income is distributed unequally: The mean tells us that everyone could make $3. Serbia: $2,889 median income | $1,733 Poverty Line Salary 2. Click below to consent to the use of this technology on our website – and don’t worry, we respect your privacy. Switzerland: $50,313 median income | $30,188 Poverty Line Salary. These figures tend to change frequently. Sector: Net Monthly Income constant 2005 US$ (1) Notes : Gross Monthly Average Income (2) Compulsory Deductions (3) Weekly Hours (4) Financial average income: PPP $ 3,415: $ 4,865 This site uses functional cookies and external scripts to improve your experience.   The median income for 2018 was up for the second year in a row. The most standard form of bonus where the employee is awarded based on their exceptional performance. The cost of living in Zurich is 100 percent higher than the national average. The amount of the bonus will probably be different from person to person depending on their role within the organization. The median salary is 119,000 CHF per year, which means that half (50%) of the population are earning less than 119,000 CHF while the other half are earning more than 119,000 CHF. Naturally the more years of experience the higher the wage. The median income level in Switzerland increased to 26,902 in 2018. This has risen by 22% since 1998. Male employees in Switzerland earn 4% more than their female counterparts on avergae across all sectors. In cases where the income of a foreigner group is higher than that of the reference group, the difference is shown in gray. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). Those figures should be taken as general guidelines. As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.