Monthly Budget for Retirees in Luxembourg
“Yes, the cost of living in Luxembourg is considered higher than many other countries. Although incomes tend to be higher in Luxembourg than in many other European countries, the cost of living is still significantly higher, largely due to high taxes and the cost of housing,” said one expat living in Luxembourg.
“The cost of living in Luxembourg is relatively high compared to other European countries. Housing, especially in the capital city, can be quite expensive, with rental prices for apartments and houses being significantly higher than the European average. Utilities, such as electricity, gas, and water, also tend to be pricey.Transportation costs, including public transport and fuel prices, are also above average in Luxembourg. However, the country offers an efficient public transportation system, and residents can take advantage of free public transport since 2020.Groceries and food prices in Luxembourg are generally higher than in neighboring countries, with imported goods and dining out being particularly costly. However, local markets can offer more affordable options for fresh produce.Healthcare in Luxembourg is of high quality, but it can be expensive for those without insurance. The country has a comprehensive social security system that covers most healthcare costs for residents, but private insurance may be necessary for some services.Education costs vary depending on the type of institution, with private and international schools being more expensive than public schools. Higher education is relatively affordable, with low tuition fees for both local and international students.Overall, while the cost of living in Luxembourg is high, the country offers a high quality of life, excellent public services, and a strong economy, making it an attractive destination for expats and professionals,” wrote a member in Luxembourg.
|Apartment Rentals||Rent for a one-bedroom apartment in the city center of Luxembourg is around €1,000 per month. Rent for a three-bedroom apartment in the city center is around €1,800 per month. Rent for a one-bedroom apartment outside the city center is around €800 per month. Rent for a three-bedroom apartment outside the city center is around €1,400 per month.|
|Apartment Purchases||The average price per square meter for an apartment in the city center of Luxembourg is around €5,000. The average price per square meter for an apartment outside the city center is around €3,500.|
|Transportation||A monthly public transport ticket in Luxembourg costs around €50. A one-way ticket costs around €2. A liter of gasoline costs around €1.50.|
|Groceries||A loaf of bread costs around €1.50. A liter of milk costs around €1. A dozen eggs costs around €2. A kilogram of apples costs around €2.50.|
|Restaurants||A meal at an inexpensive restaurant costs around €15. A meal for two at a mid-range restaurant costs around €50. A cappuccino costs around €3.|
|Utilities||Basic utilities for an 85m2 apartment, including electricity, heating, water, and garbage, costs around €150 per month.|
|Private School Tuition||Preschool tuition costs around €1,000 per month. Elementary school tuition costs around €1,500 per month. Middle school tuition costs around €2,000 per month. High school tuition costs around €2,500 per month.|
Can I live in Luxembourg on $1,500 a month?
“I’ve been living in Luxembourg for a while now, and I can tell you that living comfortably on $1,500 a month might be quite challenging, especially if you’re used to modern amenities. Luxembourg is known for its high cost of living, and you’ll have to make some sacrifices to make it work on that budget.Firstly, you’ll need to find affordable housing. The city center and neighborhoods like Kirchberg, Limpertsberg, and Belair are quite expensive, so you might want to avoid those areas. Instead, consider looking for accommodation in more affordable neighborhoods like Bonnevoie, Cessange, or Gasperich. You might also want to consider sharing an apartment with roommates to cut down on rent costs.When it comes to transportation, owning a car might not be the best option, as parking and fuel can be expensive. Instead, rely on public transportation, which is quite efficient and affordable in Luxembourg. You can get a monthly pass for around $50, which will give you unlimited access to buses, trams, and trains within the country.Eating out can also be quite pricey, so you’ll need to cook most of your meals at home. Make sure to shop at discount supermarkets like Aldi or Lidl, and avoid convenience stores, which tend to be more expensive. You can also save money by buying fresh produce at local markets.For entertainment, you’ll need to be selective about the activities you choose. Going out for drinks or to the movies can quickly add up, so try to find free or low-cost events and activities. Luxembourg has many beautiful parks and outdoor spaces, so take advantage of those for leisure time.In conclusion, living comfortably on $1,500 a month in Luxembourg is possible, but you’ll need to make some sacrifices and be mindful of your spending. By choosing affordable housing, relying on public transportation, cooking at home, and finding low-cost entertainment options, you can make it work,” commented an expat living in Luxembourg.
Can I live in Luxembourg on $3,000 a month?
“I’ve been living in Luxembourg for a few years now, and I can tell you that it’s definitely possible to live comfortably on $3,000 a month, but you’ll have to make some sacrifices. Luxembourg is known for being an expensive city, especially when it comes to housing. If you’re used to living in a modern, spacious apartment, you might have to downsize a bit to find something within your budget.One of the more affordable neighborhoods in Luxembourg City is Bonnevoie. It’s a bit further from the city center, but it’s still well-connected by public transportation, and you can find some reasonably priced apartments there. Another option is to look for housing in the nearby towns and villages, like Bertrange or Strassen. The commute to Luxembourg City is not too bad, and you’ll likely find more affordable housing options there.On the other hand, neighborhoods like Kirchberg, Limpertsberg, and Belair are quite expensive, so you might want to avoid those if you’re trying to stick to a $3,000 a month budget. These areas are popular among expats and have a lot of modern amenities, but the cost of living is significantly higher.In terms of other expenses, groceries can be quite pricey in Luxembourg, especially if you’re used to shopping at discount supermarkets. You might have to adjust your shopping habits and look for deals at local markets or smaller grocery stores. Eating out can also be expensive, so you’ll probably want to cook at home more often to save money.Transportation costs can add up as well, but if you live close to your workplace or use public transportation, you can keep these expenses relatively low. A monthly public transportation pass costs around €50, which is quite reasonable.Overall, living in Luxembourg on $3,000 a month is doable, but you’ll have to be mindful of your spending and make some sacrifices in terms of housing and lifestyle. It’s a beautiful city with a lot to offer, so if you’re willing to adjust your expectations and budget accordingly, you can definitely make it work,” said one expat living in Luxembourg.
Can I live in Luxembourg on $5,000 a month?
“I’ve been living in Luxembourg for a few years now, and I can tell you that it’s definitely possible to live comfortably on $5,000 a month, but you’ll need to make some adjustments and be mindful of your spending. Luxembourg is known for being an expensive city, especially when it comes to housing and dining out.First, let’s talk about housing. If you want to live in a more affordable neighborhood, I’d recommend looking into areas like Bonnevoie, Cents, or Gasperich. These neighborhoods are still close to the city center but tend to have lower rental prices compared to more upscale areas like Kirchberg, Limpertsberg, or Belair. You can expect to pay around $1,500 to $2,000 for a one-bedroom apartment in these more affordable neighborhoods, while the same apartment in the expensive areas could easily cost you $2,500 or more.Next, you’ll need to consider transportation costs. Public transportation in Luxembourg is quite good, and you can save a lot by using buses and trains instead of owning a car. A monthly public transportation pass costs around $50, which is much cheaper than the costs associated with owning and maintaining a car.When it comes to groceries, you can save money by shopping at discount supermarkets like Aldi or Lidl, which offer lower prices compared to more upscale supermarkets like Delhaize or Cactus. You can also save by cooking at home more often, as dining out in Luxembourg can be quite expensive, with a meal at a mid-range restaurant easily costing $30 or more per person.As for entertainment and leisure activities, there are plenty of free or low-cost options in Luxembourg. You can enjoy the many parks and green spaces throughout the city, visit museums on their free admission days, or take advantage of the numerous cultural events and festivals that take place throughout the year.In summary, living comfortably on $5,000 a month in Luxembourg is possible, but you’ll need to be mindful of your spending and make some adjustments to your lifestyle. By choosing a more affordable neighborhood, using public transportation, shopping at discount supermarkets, and taking advantage of free or low-cost activities, you can make it work,” commented an expat living in Luxembourg.