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Summary
Over the last 3 years, the District of Locarno has seen its population grow by 0.85%, to 64,371.
Demographics
The average annual income level is CHF 63,435.
A total of 15.26% of the population have a university degree, 13.06% have completed higher vocational education, 46.81% of the population have an SEK II qualification (school-leaving certificate or apprenticeship) and 24.86% of residents are currently enrolled in compulsory schooling.
According to the data, this region has high social standards and an educated population.
The current unemployment rate is 1.05%.
Taxes
Overall, the tax percentage in the area is 11.82%. The individual proportion of tax actually paid will vary and depends on factors including actual income, marital status, the overall level of deductions and the like.
On average, a retired couple pays 16.08% and a married couple without children pays 10.44%. Married couples with two children pay an average of 6.72% and the tax rate for a single person with no children is 17.43%.
Summary of the property market
New builds
New living space has been created in the District of Locarno over the past 5 years; 2,454 new apartments were constructed, for instance.
Of these newly built apartments, 98 are 1-room apartments, which are perfect for singles.
Along with the existing apartments, 852 new 2-room apartments have been constructed.
A total of 774 new 3-room apartments and 556 4-room apartments were built.
Furthermore, the number of spacious apartments on offer amounts to 126 5-room apartments and 48 apartments with at least 6 rooms.
Housing stock
New construction has further expanded the supply of housing in the region; there are now a total of 59,966 apartments in the District of Locarno.
The number of 1-room apartments totals 4,120.
Additionally, there are 13,058 apartments with 2 rooms, 19,611 apartments with 3 rooms and 15,325 4-room apartments.
Overall, there are 5,059 5-room apartments and 2,793 large apartments with 6 or more rooms.
Empty apartments
1.28% of the total housing stock in the District of Locarno is unoccupied.
This means that 1.77% of the 1-room apartments,
1.14% of apartments with 2 rooms,
1.24% of the apartments with 3 rooms,
1.26% of the apartments with 4 rooms
and 1.44% of the 5-room apartments are presently empty.
The vacancy rate for apartments with more than 5 rooms is 1.38%; 1.27% of those vacant properties are apartments with a minimum of 6 rooms.
Housing market (letting only)
Rents for rental properties are, on average, about CHF 1,380 per month.
In terms of the rents on the market, a quarter of them are equal to or less than a monthly rent of CHF 1,150.
Monthly rents are less than CHF 1,600 (75th percentile), or they are equivalent to this average price.
Cities of Region Locarno
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