Average Salary in Luxembourg 2024

Discover the ins and outs of salary in Luxembourg with this comprehensive article. Gain valuable insights into the pay scale, wage gap, salary yearly increments, and a breakdown over education level or year of experience. Unlock the secrets to understanding how salaries vary in this thriving European nation. Stay up-to-date with the latest developments and make informed decisions to maximize your earning potential. Dive into this article to navigate through the intricate world of Luxembourg's salary landscape.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Luxembourg in 2024?

What is the average salary in Luxembourg in 2024?
6,400EUR
(EUR 76,500 yearly)
Low 2,900 EUR
Average 6,400 EUR
High 28,100 EUR
A person working in Luxembourg typically earns around EUR 6,400 per month. Salaries range from EUR 2,900 (lowest average) to EUR 28,100 (highest average, actual maximum salary is higher). This is the average salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
In comparison with average salary in Luxembourg in 2023, salaries changed by +0.5% so far. Looking ahead, economists project a gradual recovery in the job market. Full comparison 2023 and 2024 we are able to do it at the end of the year.

Pay Scale and Salaries in Luxembourg

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than EUR 28,100, 75% of the people earn EUR 8,800 or less. 50% employees earn less EUR 6,200 or less, 25% of the employees earn less than EUR 4,700.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than EUR 28,100, 75% of the people earn EUR 8,800 or less. 50% employees earn less EUR 6,200 or less, 25% of the employees earn less than EUR 4,700.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Luxembourg the minimum salary is EUR 2,900.

Median Salary

The median salary in Luxembourg is EUR 5,100, indicating the middle point of all salaries in a dataset, with half of the values above and half below it. This statistic offers a more balanced perspective on income distribution and is widely used to assess average earnings across different professions and industries.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Luxembourg the salary ranges from EUR 2,900 to EUR 28,100.

Annual Salary Increments in Luxembourg

What is the average annual salary increment in the Luxembourg? How frequently do employees receive salary raises?

In 2024 employees in Luxembourg received around 0.5% salary increase. Please note that this is average across all job sectors. In comparison worldwide average for 2024 is 0.5%.Download chartGet chart linkShare on FacebookShare on Twitter
During 2024, employees in Luxembourg witnessed an average salary growth of 0.5%. This represents an overall average across various job sectors. The worldwide average for 2024 is 0.5%.

Historical Graph of Annual Salary Increments in Luxembourg

Employees in Luxembourg received in recent years salary increase from 0.4% to 7.0% on average per year. It means 2.6% increment per year on average.Download chartGet chart linkShare on FacebookShare on Twitter
The average yearly salary increase for employees in Luxembourg over the past years ranged from 0.4% to 7.0%. On average, this represents a 2.6% increment per year.

Salary Forecast and Trends for the Future in Luxembourg

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 3.2%. Estimated range is between 1.8% and 4.9%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 3.2%. Estimated range is between 1.8% and 4.9%.

Gender Wage Gap in Luxembourg

What is the difference in pay between mens and womens? Men vs. women salary comparison.

Actual wage gap in Luxembourg is 3.4%.Download chartGet chart linkShare on FacebookShare on Twitter
Actual wage gap in Luxembourg is 3.4%.
It's due to many factors, such as:
  • Unequal treatment based on gender.
  • On average, women take 10% extra days off as paid vacation annually in comparison to men.
  • Men are more likely than women to have a college degree.
  • Caregiving responsibilities for children and elderly relatives are more often taken on by women than men.
  • The likelihood of women working part-time is higher than that of men, and part-time workers generally earn less than full-time workers.
  • Lower-paying occupations are more common among women than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and attaining a bachelor's degree yields a host of benefits. Above all, it significantly enhances career prospects by increasing earning potential and broadening access to a greater variety of job opportunities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

Completing high school and obtaining a bachelor's degree brings a multitude of benefits. Firstly, it significantly enhances one's career prospects, leading to higher earning potential and access to a broader range of job opportunities. Beyond financial rewards, pursuing a bachelor's degree fosters personal growth, critical thinking skills, and the chance to specialize in a particular field of interest. It also facilitates valuable networking opportunities and the development of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a transformative path that opens doors to a more fulfilling and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. illustrates a profound commitment to expanding human understanding and forging a transformative and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 18%-22% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of nearly 11%-15%. Expertise and leadership secure higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 19%-23% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 18%-22% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of roughly 11%-15%. Expertise and leadership earn higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 19%-23% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Luxembourg

What is the average hourly wage in the Luxembourg?

Average Hourly Wage
38EUR
Low 17 EUR
Average 38 EUR
High 165 EUR

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Hourly wages may result in irregular or fluctuating income, making it difficult to budget and plan for expenses.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks commonly linked to full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can disrupt work-life balance and make it difficult to maintain consistent routines.
  • Uncertain job security: Compared to salaried positions, job insecurity in hourly positions can increase as they are more susceptible to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Some hourly jobs may have limited opportunities for career growth, professional development, or upward mobility within the organization.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Luxembourg

What are the best paying jobs in Luxembourg?

List with best paid jobs in LuxembourgDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Luxembourg?

  1. Surgeon (EUR 27,800)
  2. Doctor (EUR 25,100)
  3. Chief Executive Officer (CEO) (EUR 23,900)
  4. Registered Nurse Anesthetist (EUR 23,400)
  5. Dentist (EUR 22,400)
  6. Airline Pilot (EUR 21,600)
  7. Intellectual Property Lawyer (EUR 20,800)
  8. Marketing Manager (EUR 18,400)
  9. Marketing Director (EUR 18,400)
  10. Sales Director (EUR 17,300)
  11. Sales Manager (EUR 17,300)
  12. Petroleum Engineer (EUR 17,200)
  13. Brand Manager (EUR 16,800)
  14. Marketer (EUR 16,800)
  15. Judge (EUR 16,600)
  16. Treasurer (EUR 16,300)
  17. Controller (EUR 16,300)
  18. Pharmacist (EUR 15,900)
  19. Tax Lawyer (EUR 15,700)
  20. Lawyer (EUR 15,700)
List with worst paid jobs in LuxembourgDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Luxembourg?

  1. Cashier (EUR 3,000)
  2. Childcare Worker (EUR 3,200)
  3. Stock clerk (EUR 3,200)
  4. Elder Care Worker (EUR 3,300)
  5. Receptionist (EUR 3,400)
  6. Bartender (EUR 3,700)
  7. Food and beverage server (EUR 3,700)
  8. Janitor (EUR 3,700)
  9. Waiter (EUR 3,800)
  10. Tour Guide (EUR 3,800)
  11. Customer Service Representative (EUR 4,600)
  12. Hotel Concierge (EUR 4,600)
  13. Rehabilitation Counselor (EUR 4,700)
  14. Travel Agent (EUR 5,100)
  15. Secretary (EUR 5,200)
  16. Painter (EUR 5,400)
  17. Carpenter (EUR 5,600)
  18. Bus Driver (EUR 5,700)
  19. Artist (EUR 5,700)
  20. Truck Driver (EUR 5,900)
List with best paid industries in LuxembourgDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (EUR 17,800)
  2. Business and Management (EUR 15,100)
  3. Marketing and Sales (EUR 13,900)
  4. Engineering (EUR 12,800)
  5. Law (EUR 12,200)
  6. Accounting and Finance (EUR 12,100)
  7. Computer and Information Technology (EUR 11,800)
  8. Transportation and Logistics (EUR 11,500)
  9. Science (EUR 11,500)
  10. Education and Training (EUR 9,500)
  11. Other (EUR 7,100)
  12. Hospitality and Tourism (EUR 5,900)
  13. Social Services (EUR 4,900)
  14. Services (EUR 4,400)