Expensive rents on Lake Constance: Why wealth doesn't make you happy

Expensive rents on Lake Constance: Why wealth doesn't make you happy

Expensive rents on Lake Constance - a region that offers high incomes, but also exorbitant living costs. As the Swabian reports, current data from the German Economic Institute show that the financial burden in this attractive area exceeds the positive income figures. According to the calculations, the residents earn above average, but the high rents and cost of living significantly reduce real income. While the Bodenseekreis and Konstanz do well in pure income statistics, they fall drastically in the real income ranking.

Economic framework conditions

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 fixed costs. This is also reflected in the data that was prepared specifically for the Lake Constance region. This information comes from different national statistical systems and has been qualitatively harmonized, as shown on the Lake Constance statistics website explained. The economic indicators provide a deep insight into the regional economy, but must also take into account currency conversions from Switzerland and Liechtenstein, which makes the comparability of the economic data complicated.

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