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Abstract
For some years now, Magden has recorded steady growth in its population; to be more specific, the population has increased by 0.23%, to 3,894 inhabitants.
Demographics
On average, residents earn CHF 100,505 annually.
44.2% of the population have an SEK II qualification, and 21.64% have a higher vocational education qualification. 22.65% are university graduates and 11.51% of residents are currently completing compulsory schooling.
The unemployment rate currently stands at 0.59%.
Taxes
The total rate of taxation in the region is 11.34%. The actual percentage of tax individuals pay depends on a range of factors, including current income, marital status and the overall level of deductions.
In Magden, the tax burden is 15.79% for a childless, unmarried person. On average, a retired couple (over 65) pay 14.22%, a married couple with two children 7.84% and a couple with no children 10.35%%.
The property market in general
New buildings
29 new apartments have been constructed in Magden over the past 5 years.
One of the new residential units was an apartment with 2 rooms.
2 3-room apartments and 7 apartments with 4 rooms were also built.
Furthermore, the number of large apartments available amounts to 7 5-room apartments and 12 apartments with a minimum of 6 rooms.
In view of the large number of spacious apartments in Magden, it is certainly a desirable area for families.
Housing stock
Magden now has a total of 1,731 apartments, following further expansion of the housing stock as a result of new construction.
The total number of 1-room apartments is 32.
There are also 80 apartments with 2 rooms, 223 apartments with 3 rooms and 531 4-room apartments.
The supply of very large properties with 5 rooms includes 537 apartments, and there are 328 apartments with a minimum of 6 rooms.
Empty apartments
There is a 0.75% vacancy rate in Magden.
2.5% of the apartments with 2 rooms,
0.45% of all 3-room apartments,
0.76% of the 4-room apartments
and 0.56% of the 5-room apartments are currently empty.
Apartments with more than 5 rooms have a vacancy rate of 0.7%; of that figure, 0.92% are apartments with more than 6 rooms.
Property market (letting only)
An average of CHF 1,800 is required to rent a flat.
25% of all rents on offer are below a monthly rent of CHF 1,410, or they are equivalent to this amount (25th percentile).
75% of monthly rents are lower than CHF 2,171 (75th percentile), or they are equal to this average price.
ZIP of Magden
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