Summary

Over the last 3 years, the District of Locarno has seen its population has changed by 1.29%, to 64’597.

Demographics

The average annual income level is CHF 64’340. A total of 16.51% of the population have a university degree, 12.48% have completed higher vocational education, 47.86% of the population have an SEK II qualification (school-leaving certificate or apprenticeship) and 23.15% 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 1.24%.

Taxes

Overall, the tax percentage in the area is 11.41%. 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 15.69% and a married couple without children pays 9.99%. Married couples with two children pay an average of 6.29% and the tax rate for a single person with no children is 17.11%.

New builds

New living space has been created in the District of Locarno over the past 5 years; 2088 new apartments were constructed, for instance. Of these newly built apartments, 47 are 1-room apartments, which are perfect for singles. Along with the existing apartments, 752 new 2-room apartments have been constructed. A total of 673 new 3-room apartments and 450 4-room apartments were built. Furthermore, the number of spacious apartments on offer amounts to 118 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 60’358 apartments in the District of Locarno. The number of 1-room apartments totals 4134. Additionally, there are 13’188 apartments with 2 rooms, 19’715 apartments with 3 rooms and 15’437 4-room apartments. Overall, there are 5076 5-room apartments and 2808 large apartments with 6 or more rooms.

Empty apartments

The 1.25% of the total housing stock in the District of Locarno is unoccupied. This means that 1.59% of the 1-room apartments, 1.58% of apartments with 2 rooms, 1.29% of the apartments with 3 rooms, 1.04% of the apartments with 4 rooms and 0.94% of the 5-room apartments are presently empty. The vacancy rate for apartments with more than 5 rooms is 0.84%; 0.65% 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 1390 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 1150. Monthly rents are less than CHF 1650 (75th percentile), or they are equivalent to this average price.