What salary do you need to live comfortably in Luxembourg?

The minimum you need to live comfortably in 2019? €2,100. In June 2019, an income of more than €2,100 was required for a single person to face his or her expenses and live comfortably in Luxembourg. The “reference budget of a single man and a single woman,” Statec explains, amounts to €2,115 and €2,105 respectively.

How is the quality of life in Luxembourg?

Luxembourg ranks top in income and wealth, above average in social connections, civic engagement, jobs and earnings, work-life balance, personal security, subjective well-being, health status, environmental quality, and housing, but below average in education and skills.

Is Luxembourg expensive to live in?

Luxembourg is a relatively expensive city to live in. The cost of housing, food, and clothing all add up and these will be the most expensive payments you have every month. Luxembourg City is the capital and it is a popular place to live, which can bring high prices.

Is Luxembourg an expensive country?

If you only take into account housing, food or clothing, Luxembourg is not exactly the cheapest one but on a daily basis, the country is far from being one of the most expensive in Europe.

Why are wages so high in Luxembourg?

According to Serge Allegrezza, PhD in applied economic sciences and director of STATEC, “in Luxembourg, the average salary is mainly driven upwards by the financial sector, where the added value created per employee is particularly high.

What is the monthly minimum wage in Luxembourg?

Luxembourg rises the national minimum wage In 2021, the national minimum wage in Luxembourg remained fixed at €2,201.9 per month, that is 26,423 euros per year, taking into account 12 payments per year. Accordingly the national minimum wage has been raised 59.9 Euros per month from the previous year, 2.8\%.

Is Luxembourg good for expats?

As last year, Luxembourg is one of the favourite destinations for expatriates. It ranks this year 12th out of 64 countries studied! More than 20,000 expatriates from 182 different countries around the world responded to InterNations’ annual survey.

What’s the average income in Luxembourg?

According to the latest statistics, the average wage paid in Luxembourg is the highest among the 34 OECD countries. In 2019, it averaged $68,681 a year, ahead of Iceland ($68,006), Switzerland ($66,567) and the United States ($65,836).

How much does it cost to rent a house in Luxembourg?

The average monthly rental cost for an apartment in Luxembourg is currently 1,378 euros and 2,357 euros for a house. One and two bedroom apartments have seen the largest price hike since last year, costing 7\% more than in spring 2016. But the cost of renting a studio is 3\% cheaper than it was last year.

Is English spoken in Luxembourg?

According to a 2018 study of the Ministry of National Education, 98\% of the Luxembourg population speaks French, 80\% speaks English, and 78\% speaks German. English has become the language for business and finance, and it is very frequently used at meetings among people of different nationalities.