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Zurich has a "favorable cost of living"?

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Just idly poking around, and I saw job postings for Google Switzerland. I noticed that on this page, they say that Zurich has a "favorable cost of living".
http://www.google.ch/support/jobs/bin/static.py?page=why-zrh.html&sid=liveandwork

Of course, when I opened the referenced PDF, I saw Zurich in the 9th position, being less expensive than Copenhagen, but more expensive than Oslo. (This itself is doubtful to me, as Oslo seemed more expensive than Copenhagen when I was in Scandinavia.) So I fail to see how "favorable cost of living" could be true by most any measure.

But just to assuage my idle curiosity, can anyone comment from first/second/third-hand experience as to the cost of living in Zurich?

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