Limmat River cuts through Zurich and is crisscrossed by many bridges. You can see the twin towers of the Grossmünster church on the right, and the tower of St. Peterskirche on the left, which boasts the largest church clock face in Europe.

Let’s throw this out there first: Zurich is expensive. And not in the same way as other purportedly expensive cities I have traveled in (Tokyo, NYC), where there is a large range in prices, and some goods are nosebleeding pricey but you can find deals if you look in the right places. Instead, Zurich seems to have uniformly leveled all of its prices about $10-20 up from what you might expect. Strolling through downtown Zurich, it is usual to see coffee for CHF 7 and Chinese take-out for CHF 16. (Right now, CHF 1 = $0.96.) Even the “dollar” menu at McDonald’s has been replaced with burgers for CHF 2.50 and a side salad for CHF 3. A small size meal with an “NYC Crispy” burger costs CHF 12.30. An 800 meter cab ride from the main train station sets you back CHF 26 and dinner at an average restaurant runs about CHF 35. Even Swiss products that I have bought in the US (Victorinox knives, Sigg water bottles) cost more in Switzerland. I am scratching my head as to why there isn’t more cross-border arbitrage.
Continue reading Zurich: Financial Centre with an Edge →