Living costs on Lake Constance: Real income terrifyingly low!

Living costs on Lake Constance: Real income terrifyingly low!

Bodenseekreis, Deutschland - on Lake Constance there is an alarming discrepancy between income and living costs. Despite above average salaries, the real income of the region is worryingly low. This was confirmed by the institute of the German economy, which examined the real income in Germany. While the Lake Constance district and the city of Constance take a respectable place in the upper midfield of Germany in the area of ​​pure income, they drop dramatically when considering the real income. The Lake Constance district even slides in 52 and Constance in 200th place. The reason for this devaluation is the exorbitant housing costs, which significantly impair the quality of life, such as Schwaebische.de reported.

Exploded costs for life attitude

residents of Lake Constance experience the inflation in the areas of rent, food and services every day. The lively atmosphere on the lake cannot hide the steadily increasing costs. In fact, the region plays an outstanding role in the overall rating of living costs, which also has an impact on the gross domestic product (GDP). According to statistics-bodense.org , GDP in the Lake Constance region, which is based on a harmonized statistics basis, will influence the high living and living costs. These burdens could endanger the region's economic growth in the long term.

The image is still complicated by the international comparison figures, since the value of regional GDP can be significantly impaired due to the conversion of currencies and the fluctuations in the exchange rates. In this precarious situation, the residents face the challenge of designing their income in such a way that they will make rounds despite the high costs.