Luxembourg is a small European country nestled between Belgium, France and Germany. Despite its modest size, the Grand Duchy boasts some of the highest salaries not just in Europe, but in the world. Let’s take a closer look at what makes Luxembourg’s job market and compensation so unique.
The Numbers: Luxembourg’s Impressive Average and Median Wages
The average salary in Luxembourg is an impressive €48,220 per year, or €4,018 per month. This is substantially higher than the European average yearly salary of €33,500, or €2,791 per month. In fact, Luxembourg’s average salary ranks first among all European countries according to Eurostat data (https://luxtoday.lu/en/knowledge/salaries-in-luxembourg).
But the average doesn’t tell the full story. It’s also important to look at the median salary, which splits the distribution of salaries into two equal parts – with half earning above the median and half below. Luxembourg’s median salary is also Europe’s highest at €42,482 per year (€3,540 per month). This is nearly double the EU median of €18,372 annually or €1,531 monthly....