Expensive life on Lake Constance: Real income shocked citizens

Expensive life on Lake Constance: Real income shocked citizens

Bodenseekreis, Deutschland - The situation on Lake Constance is explosive: despite above -average incomes, the residents are fighting with high cost of living. As the institute of the German economy states in a new analysis, people in the region have a pure income that is far behind the expectations. The Bodenseekreis only occupies 52 and consistency of 200th place in Germany -wide comparison if the housing costs are calculated. The Schwäbische Zeitung reports that the exorbitant rental prices that are located in the region are far above average are responsible.

How the economic key figures develop

With a clear focus on the economic situation, the statistics in the Lake Constance region offer exciting insights. According to statistics bodensee , the gross domestic product, which measures the value of all goods and services created within a country, is calculated for the entire region on the basis of harmonized definitions. The areas of Germany, Liechtenstein and Switzerland are compared and thus enable a more precise assessment of the economic situation. The currency conversion takes place according to the respective annual average course, which means that exchange rate effects can influence the numbers.

This comprehensive data situation shows that despite the positive economic indicators, the quality of life in Lake Constance is suffering. The deep case in the ranking for real income illustrates the discrepancy between income and living costs. It remains to be seen how this development will affect the living conditions of the residents.