How much do you need per month in Luxembourg?

Summary about cost of living in Luxembourg, Luxembourg: Family of four estimated monthly costs are 3,742$ (3,330€) without rent. A single person estimated monthly costs are 1,072$ (954€) without rent. Luxembourg is 17.94\% less expensive than New York (without rent).

How much does the average person make in Luxembourg?

People in Luxembourg earn USD 63 062 per year on average, much more than the OECD average of USD 43 241 and the highest rate in the OECD. Another essential factor of employment quality is job security, in terms of expected loss of earnings when someone becomes unemployed.

Is it worth working in Luxembourg?

Working in Luxembourg has long been an attractive option for expats who want to benefit from the low unemployment rate, the low inflation, and the country’s solid growth, especially for those with a university education, trade qualification, specialist skills, and/or plenty of work experience.

How much is income tax in Luxembourg?

Progressive tax rates ranging from 0\% to 45.78\% apply to taxable income not exceeding €200,004 (€400,008 for couples taxed jointly). The excess is subject to 45.78\%. The calculation of Luxembourg income taxes depends on the taxable income and the individual’s family status, i.e. the tax class.

How much does an average person earn in Luxembourg?

In Luxembourg, the average household net-adjusted disposable income per capita is USD 39 264, much higher than the OECD average of USD 33 604 a year. There is a considerable gap between the richest and poorest – the top 20\% of the population earn nearly five times as much as the bottom 20\%.

What is the average wage in Luxembourg?

The average salary in Luxembourg is 59000 € per year or 4916 € per month (gross), according to the national statistics office of Luxembourg (Statec). The average salary in Luxembourg is currently higher than in Belgium, France and Germany.