Is the cost of living in Luxembourg high?

The city of Luxembourg ranks 63rd out of 209 cities in Mercer’s 2021 cost of living rankings. This means it’s more expensive than Hamburg or Barcelona, but less expensive than Berlin, Brussels, or Amsterdam. Luxembourg performs quite well in the OECD Better Life Index.

Is Luxembourg a cheap place to live?

Luxembourg has a high cost of living, although Luxembourgish employees receive comfortable salaries. Indeed, the country boasts by far the highest minimum wage in the EU. The country is split into two regions – Guttland (south and east) and Oesling (north).

How much does rent cost 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.

Why companies move to Luxembourg?

For its part, Luxembourg says it’s an attractive place for multinationals to operate for a variety of reasons, including political stability, fiscal policy and labor tranquility. It rejects the notion that it has simply become a popular tax haven, adept at helping companies dodge their tax bills.

What is the life expectancy in Luxembourg?

At the moment, the life expectancy at birth is 84.3 years for women and 79.9 years for men. Since 30 years, the increase is 9.9 years for men and 7.6 years for women. Luxembourg is in the leading European countries in terms of life expectancy.

What is the lowest point in Luxembourg?

Official name: Grand Duchy of Luxembourg. Area: 2,586 square kilometers (998 square miles) Highest point on mainland: Buurgplaatz (559 meters/1,834 feet) Lowest point on land: Moselle River (133 meters/436 feet)

Is Luxembourg a small country?

Luxembourg , officially the Grand Duchy of Luxembourg , is a small, landlocked country in western Europe, bordered by Belgium, France, and Germany.

What do people do in Luxembourg?

One of the best things to do in Luxembourg is to have lunch at the Chocolate House. This cafe and bakery is a bit of an institution in Luxembourg and it knows how to draw a crowd. As their names suggest they specialize in chocolate and baked pastries.