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Additional information
Summary
The number of residents in Olten has fallen by 0.33%, to 18,339, in the past 3 years as a result of population decline.
Demographics
The average annual income level is CHF 69,005.
40.89% of the population have an SEK II qualification, and 14.41% have a higher vocational education qualification. 24.42% are university graduates and 20.29% of residents are currently enrolled in compulsory schooling.
1.33% of the population is currently unemployed.
Taxes
The area has an overall tax rate of 14.18%. The actual share of tax paid varies from person to person and depends on factors including current income, marital status, the overall level of deductions and the like.
Retired, married couples (over 65) pay an average of 17.39% tax in Olten, couples with two children 10.31% and married couples without children 13.3%%. The tax burden for a childless, single person is 18.83%.
Summary of the property market
New construction
The housing available in Olten has increased by 158 apartments over the last 5 years.
A total of 6 1-room apartments have been constructed.
31 of the new builds are also 2-room apartments.
For families searching for a new home, the 48 apartments and the 48 4-room apartments are of particular interest.
Furthermore, the number of spacious apartments on offer includes 20 5-room apartments and 5 apartments with at least 6 rooms.
Housing stock
As a result of new construction, the housing stock in Olten has grown, and there are now a total of 10,909 apartments.
In terms of 1-room apartments, a total of 817 properties are available.
There are also 1,597 apartments with 2 rooms, 3,812 apartments with 3 rooms and 3,066 4-room apartments.
Finally, the supply of 5-room properties comprises 1,035 apartments, and there are also 582 large apartments with a minimum of 6 rooms.
Empty apartments
The rate of unoccupied apartments in Olten is 2.51%.
Consequently, 2.08% of the 1-room apartments,
4.2% of the apartments with 2 rooms,
3.34% of apartments with 3 rooms,
1.73% of apartments with 4 rooms
and 0.48% of all 5-room apartments are presently uninhabited.
Apartments with more than 5 rooms have a vacancy rate of 0.56%; of that total, 0.69% are apartments with more than 6 rooms.
Housing market (rental only)
On average, the rent for rental properties is CHF 1,375 per month.
25% of all rents on offer are below a monthly rent of CHF 1,150, or they are equivalent to this amount (25th percentile).
Finally, 75% of monthly rents are less than CHF 1,590, or are equal to this amount.
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