Luxembourg’s minimum wage (often known as the guaranteed minimum wage, or GMW) is assessed every two years by the government. Luxembourg’s minimum wage increased by 1.1% at the start of 2019. According to the labor law in Luxembourg, the minimum wage of €2,071.07, however, rises by 20% for skilled workers.
How much should I earn 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 ($65,836).
How much money you need to live in Luxembourg?
Summary about cost of living in Luxembourg, Luxembourg: Family of four estimated monthly costs are 3,758$ (3,319€) without rent. A single person estimated monthly costs are 1,077$ (951€) without rent.
What is a good net salary in Luxembourg?
The average monthly net salary in Luxembourg (LU) is around 3 367 EUR, with a minimum income of 1 922 EUR per month.
How much does the average person make in Luxembourg?
Median Income by Country 2021
| Country | Median Income | Mean Income |
|---|---|---|
| Luxembourg | $26,321 | $31,376 |
| United Arab Emirates | $24,292 | $27,017 |
| Norway | $22,684 | $25,272 |
| Switzerland | $21,490 | $25,787 |
What is the highest paying job in Luxembourg?
Highest-paid jobs in Luxembourg
Research by Luxembourg’s statistical office Statec shows that employees in financial services and insurance earn the highest salaries in Luxembourg, followed by electricity production workers, science and technical professionals, IT workers, and teachers.
What is a high salary in Luxembourg?
Salary rankings by profession
| Job type | Median salary (USD) | Salary ranking compared to all cities |
|---|---|---|
| Finance Manager | $62,833 | 96/265 |
| Marketing Manager | $61,059 | 46/265 |
| QA Engineer | $58,343 | 45/265 |
| Systems Administrator | $58,271 | 65/265 |
Is Luxembourg cheap to live?
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 it easy to get job in Luxembourg?
Working in Luxembourg has its benefits as a multi-lingual portal to the EU. Finding jobs in Luxembourg can be easier than other European countries: Amazon, Skype, Apple, and PayPal are some international companies with a European office here.
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.
Which country pays highest salary?
1. Luxembourg. Luxembourg is a tiny nation with a population of 632,000 but is one of the world’s wealthiest and highest-paying countries. Salaries of workers average about $68,000, which is the highest in the world.
Is Luxembourg expensive?
Compared to its European neighbours, the cost of living in Luxembourg is 19% and 17% more expensive than in Belgium and Germany and about the same as in France, the United Kingdom and the Netherlands.
How much tax do you pay in Luxembourg?
Income tax rates in Luxembourg
Income tax in Luxembourg is charged on a progressive scale with 23 brackets, which range from 0% to 42%. Workers must also pay between 7% and 9% as an additional contribution to the employment fund. The first €11,265 is offered tax-free, with the lowest rate of 8% kicking in thereafter.
How much does Luxembourg pay per hour?
Minimum Wage by Country 2021
| Country | Hourly Minimum Wage | 2021 Population |
|---|---|---|
| Luxembourg | $13.78 | 634,814 |
| Australia | $12.14 | 25,788,215 |
| France | $11.66 | 65,426,179 |
| New Zealand | $11.20 | 4,860,643 |
What jobs are in demand in Luxembourg?
TOP 10
- Accounting: 97 roles.
- Financial auditors: 86 roles.
- IT studies and developers: 84 roles.
- Catering: 78 roles.
- Kitchen staff: 71 roles.
- Law: 66 roles.
- Secretarial work: 65 roles.
- Banking risk analysis: 61 roles.
What is the most common job in Luxembourg?
At the end of June 2020, the economic branches employing the most people are in the following order:
- commerce/ …
- public administrations and services (21.3%),
- specialized activities and support services (15.8%),
- financial and insurance activities (11.5%),
- construction (10.8%), industry (8.4%),