Luxembourg, Luxembourg

Overview

Luxembourg, Luxembourg The city of Luxembourg, also known as Luxembourg City, is a commune with city status, and the capital of the Grand Duchy of Luxembourg. Luxembourg City is one of the wealthiest cities in the world, having developed into a banking and administrative centre. Luxembourg is a seat of several institutions of the European Union, including the European Court of Justice, the European Court of Auditors, and the European Investment Bank.

Luxembourg is in Western Europe, between France and Germany. The climate is modified continental with mild winters and cool summers.

The official languages are French, German and Luxembourgish or Letzebuergesch, a West Germanic language with considerable borrowings from French. English is also widely spoken. The main religion is Christianity.

The economy of Luxembourg is largely dependent on the banking, steel, and industrial sectors. Although Luxembourg in tourist literature is aptly called the "Green Heart of Europe", its pastoral land coexists with a highly industrialized and export-intensive economy. Luxembourg enjoys a degree of economic prosperity almost unique among industrialized democracies.

Luxembourgeois society is largely tolerant and personnel are unlikely to face discrimination. Business is fairly formal. Use of last names and professional titles is important in Luxembourg. Expatriate business dress is usually a suit and tie for men, and a two-piece suit or equivalent for women.

The security risk for expatriates in Luxembourg is low.

The currency of Luxembourg is the Euro (EUR). Banking is on a par with the rest of Western Europe and North America.

Medical facilities are good, however the cost of treatment for expatriates from outside the EU can be high.

The population of Luxembourg is 180,000 (Metro) (2019 est.), while the inflation rate (CPI) is 1.2% for Luxembourg as at October 2019.

Xpatulator Hypothetical Tax for Luxembourg is based on the current personal income tax rates which are progressive up to 40%.

Cost Of Living

The cost of living for expatriates / professional migrants in Luxembourg as at 1 October 2019 is very high in comparison to other places in the world.

We have collected prices for the same items, world wide, and converted them to $USD so that we can compare the cost of 13 different baskets in 780 global locations. For each basket, compared to New York, the equivalent cost in Luxembourg is as follows:
1) Alcohol (where available) & Tobacco: for items such as beer, spirits, wine and tobacco related products such as cigarettes. A basket costing USD$1000 in New York costs USD$820
2) Clothing: for items such as business, casual and children's clothing and footwear. A basket costing USD$1000 in New York costs USD$1190
3) Communication: for various communication costs such as home telephone rental, internet subscription, mobile service provider tariff and data costs. A basket costing USD$200 in New York costs USD$270
4) Education: for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. A basket costing USD$30000 in New York costs USD$25800
5) Furniture & Appliances: for items such as dining table and chairs, home entertainment, kitchen appliances, and sofas. A basket costing USD$2500 in New York costs USD$1900
6) Groceries: for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. A basket costing USD$1000 in New York costs USD$880
7) Healthcare: for general heath care, doctor visits, hospital stays, non-prescription medicine, and medical insurance. A basket costing USD$1000 in New York costs USD$630
8) Household Accommodation: for items such as apartment rent, house rent, property purchase, mortgage rate, and utilities. A basket costing USD$5000 in New York costs USD$3100
9) Miscellaneous: for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. A basket costing USD$500 in New York costs USD$470
10) Personal Care: for items such as cosmetics, hair care, and toiletries. A basket costing USD$500 in New York costs USD$275
11) Recreation & Culture: for items such as books, cinema, sport and theatre tickets. A basket costing USD$500 in New York costs USD$465
12) Restaurants Meals Out and Hotels: for items such as hotel daily room rates, meals and beverages in a restaurant, and take away food and beverages. A basket costing USD$1000 in New York costs USD$1000
13) Transport: for items such as fuel (petrol/gasoline), car hire, public transport, vehicle purchase and maintenance. A basket costing USD$1000 in New York costs USD$990

Luxembourg is 18.4% more expensive than USA for groceries, 16.2% more expensive for household costs than UK, and 149.4% more expensive for transport costs than India.

Luxembourg is ranked as a minimal hardship location.

The hardship premium for Luxembourg for an expat from Australia, is for example 0%, i.e. host location (Luxembourg) premium of 10% minus home (Australia) location premium of 10%.

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The cost of living for expatriates / professional migrants in Luxembourg as at 1 October 2019 is very high in comparison to other places in the world.

Luxembourg is ranked as a minimal hardship location.