Expensive rents on Lake Constance: Why wealth does not make you happy

Expensive rents on Lake Constance: Why wealth does not make you happy

Lindau, Deutschland - rents on Lake Constance - a region that offers high incomes, but also exorbitant living costs. As the Schwäbische , current data from the institute of the German economy show that the financial stress in this attractive opposite Exceed income figures. According to the calculations, the residents earn above average, but the high rents and living costs significantly reduce real income. While the Lake Constance and Constance cut well in the pure income statistics, they drop drastically in the ranking of the real income.

economic framework conditions

The housing costs on Lake Constance are among the highest in Germany. They are the main reason for the decline in quality of life after deducting the fixed costs. This can also be seen in the data that was specially prepared for the Lake Constance region. This information comes from various national statistics systems and were harmonized in terms of quality, as explained on the website of the statistics bodensee . The economic key figures offer a deep insight into the regional economy, but must also take the currency bills from Switzerland and Liechtenstein into account, which makes the comparability of the economic data complicated.

In particular, the gross domestic product (GDP), as a measure of the economic performance of a region, is influenced by these conversations. In view of the high cost of living and the stagnating purchasing power, the viable economic situation of the region could soon reach its limits, which underlines the need for strategies to improve the quality of life and to reduce rents. The challenges of such a high standard of living are in a strong contrast to the real financial possibilities of people, which makes the attractiveness of living on Lake Constance questionable.