Cost of Living in Luxembourg
Last updated on Mar 03, 2024
Summary: The cost of living in Luxembourg is generally high, with prices for goods and services being comparable to those in other major European cities. The average cost of a nice 1 bedroom apartment in Luxembourg is around $1,500 per month, while a nice 2 bedroom apartment can cost up to $2,500 per month. The cost of dinner at a moderately priced restaurant in Luxembourg is around $30 per person.
Is the cost of living in Luxembourg high?
We asked people how much they someone comfortably live on in Luxembourg, they wrote:
"The cost of living in Luxembourg is generally high, with prices for basic goods and services being comparable to those in other European countries. Housing costs are particularly high, with rental prices for apartments in the city centre being among the highest in Europe. Groceries and other everyday items are also expensive, although the cost of eating out is relatively low. Transportation costs are also high, with public transport tickets being relatively expensive," explained one expat living in Luxembourg.
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Will I save money living in Luxembourg?
"Living in Luxembourg may be more expensive than living in the United States in some areas, such as housing and transportation. However, Luxembourg has a lower cost of living overall, with lower taxes and prices for food, clothing, and other everyday items. Additionally, Luxembourg has a high minimum wage, which can help offset the cost of living," said one person in Luxembourg.
What is the average cost of housing in Luxembourg?
If you are thinking about moving to Luxembourg, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Luxembourg is relatively high compared to other countries in Europe. Renting an apartment in Luxembourg can cost anywhere from €800 to €2,000 per month, depending on the size and location. Buying a property in Luxembourg can be even more expensive, with prices ranging from €2,000 to €4,000 per square meter," said one expat in Luxembourg.
"Our rental is higher than our mortgage. The euro is about 1.5 times the dollar. The average similiar sized home rents for between 3500 and 4200 euro per month. We get paid in US dollars with a subsidy to equalize the cost of living here. Our home is rented in the US, so we contribute to our rent payment here. Then get an adjustment to cover the increased cost of fuel, electricity, food etc," remarked one in Bertrange.
We are a U.S. tax firm specializing in taxes for Americans living abroad. We offer expert guidance on navigating the complexities of filing overseas income, foreign asset reporting, and ensuring compliance with both U.S. and international tax regulations. Universal Tax Professionals is a team of experienced experts well-versed in the latest tax laws, including the nuances that apply to expatriates.
Click connect to have our partner contact you via e-mail and/or phone.
We are a U.S. tax firm specializing in taxes for Americans living abroad. We offer expert guidance on navigating the complexities of filing overseas income, foreign asset reporting, and ensuring compliance with both U.S. and international tax regulations. Universal Tax Professionals is a team of experienced experts well-versed in the latest tax laws, including the nuances that apply to expatriates.
Click connect to have our partner contact you via e-mail and/or phone.
What are typical rental prices for expats in Luxembourg?
"The rental price for a nice 1 bedroom apartment in Luxembourg can range from around $1,000 to $2,000 per month, while a nice 2 bedroom apartment can range from around $1,500 to $3,000 per month," said one expat living in Luxembourg.
What appliances are typically included in a rental?
We asked foreigners in Luxembourg what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Luxembourg typically include a refrigerator, stove, oven, dishwasher, washing machine, and dryer. Additionally, some properties may include a microwave, toaster, and other small kitchen appliances," remarked one expat living in Luxembourg.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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