MINIMUM AND AVERAGE SALARY IN LUXEMBOURG
The Grand Duchy of Luxembourg is located in Western Europe next to Belgium, Germany and France. It is a small state, but very beautiful and comfortable for living and working. The number of residents in 2024 is about 658.9 thousand people.
In terms of GDP per capita, Luxembourg is the richest country in Europe and the second in the world after Qatar. The state has three official languages – French, German and Luxembourg. Next, find out what the salary in Luxembourg in 2024.
Minimum salary in Luxembourg
According to official data from the local government, from September 1, 2023 the minimum wage in Luxembourg is 2,570.93 euros per month for unskilled workers and 3,085.11 euros for skilled workers. Along with Australia, this is the highest rate in the world. Compared to last year, the minimum wage in Luxembourg has increased by 183.53 euros. (2,387.40 euros in 2023).
Over the past 10 years, the minimum wage in Luxembourg has increased by 649.93 euros. From 1,921 euros in 2014 to 2,570.93 euros in the current year 2024. In annual terms, Luxembourgers receive a minimum of 30,851 euros. Note that for workers aged 17-18, the rate is 20% lower than the standard rate, that is, 2,056.74 euros per month. And for employees aged 15-17, 25% or 1,928.20 euros.
| CATEGORY | EURO IN HOUR |
| Qualified workers | 17.83 |
| Unqualified workers | 14.86 |
| Employees aged 17-18 years | 11.89 |
| Workers aged 15-17 years | 11.15 |
Average salary in Luxembourg
Luxembourg legislation guarantees equal pay conditions for men and women, temporary and permanent workers. A standard working week lasts 40 hours and the working day must not exceed 10 hours. Many employers pay the so-called thirteenth wage at the end of the year.
According to the Luxembourg National Institute of Statistics and Economic Research (STATEC), the average salary in Luxembourg in 2024 is about 59.9 thousand euros per year or 5 thousand euros per month. After paying taxes, the employee has about 3.3 thousand euros at his disposal. This is higher than in such developed countries of the European Union as Belgium, France and Germany.
The most highly paid professions in Luxembourg are related to financial and insurance activities, information technology and electricity production, science and teaching. The lowest salaries are in accommodation and catering. The income tax rate in Luxembourg ranges from 0 to 42%, unemployment is no higher than 5-6%.
RELATED ARTICLES:
Comments