You will pay a max of 50 euros a month for the whole country. and. Prime Minister Charles MICHEL's center-right government has pledged to further reduce the deficit in response to EU pressure to decrease Belgium's high public debt of about 104% of GDP, but such efforts would also dampen economic growth. It is based on 339 prices entered by 114 different people. In banking, business and gastronomy, most people speak French. Belgium has one of the highest levels of taxation in the world. In general, luxembourgish society is closed and does not allow foreigners to integrate. Housing is expensive, but since the average salary is around $3,800 after taxes, we are pretty sure you'll be fine once your hard work starts paying off. Cost of Living; Expat life; Rankings/List; Opinion; Expat taxes; Retirement; Health Insurance. Lifestyle in Belgium Luxembourg has a couple of houses and apartments which are available here. Living in Luxembourg: guides for expats. An expat should definitely have their tax and social residency status examined by an expert. The difference appears significant but I don't really know about the real price of life which, according to what you're saying here, is much higher in Switzerland. If you only take into account housing, food or clothing, Luxembourg is not exactly the cheapest one but on a daily basis, the country is far from being one of the most expensive in Europe. We calculate prices for Belgium and Luxembourg as a population-weighted mean of 91 and 5 cities, respectively. High Quality of Living. When working remotely for a corporation in Belgium, you salary can be send to Luxembourg but there is a small cost. Basic lunchtime menu (including a drink) in the business district, Combo meal in fast food restaurant (big mac meal or similar), 500 gr (1 lb.) It's a free, question-and-answer based forum to discuss Do you fancy a more widely spoken, nevertheless uniquely pronounced language called Flemish? Luxembourg spends 3.9% of total GDP on education as of 2015. The average salary in Luxembourg for 2022 is estimated at 59000 EUR ($63,000) while the hourly rate is up to 30 which is the highest paid rate in the world. ), Luxembourger 51.1%, Portuguese 15.7%, French 7.5%, Italian 3.6%, Belgian 3.3%, German 2.1%, Spanish 1.1%, British 1%, other 14.6% (2019 est. Luxembourg is indeed a synonym for high-quality living. The country prospered in the past half century as a modern, technologically advanced European state and member of NATO and the EU. Likewise, changes to the way EU members collect taxes from e-commerce has cut Luxembourg's sales tax revenues, requiring the government to raise additional levies and to reduce some direct social benefits as part of the tax reform package of 2017. In recent years, political divisions between the Dutch-speaking Flemish of the north and the French-speaking Walloons of the south have led to constitutional amendments granting these regions formal recognition and autonomy. Answer (1 of 9): A little different perspective here being from a different part of the world! The average cost of living in Belgium ($1324) is 35% less expensive than in Luxembourg ($2050). In Luxembourg, that number is 5.8% as of 2017. It is beautiful and full of different opportunities, that you will surely be sorry if you don't take it. The company that I work for is called "Ik werk voor" and their headquarters are in Antwerp. Belgium has plenty of positives as a place to live, which explains why so many choose to do so. Luxembourg is 15% more expensive than Belgium. The crisis is a mess due to the political structure of Belgium giving 9 ministers of health in office at the same time at the different political scale (federal, regionals, cultural communities). Luxembourg's official statistics show that shares of mutual funds domiciled in the Grand Duchy are worth $3.5 trillion. Cost of living in Luxembourg is, on average, 1.70% lower than in United States. Service and high-tech industries are concentrated in the northern Flanders region while the southern region of Wallonia is home to industries like coal and steel manufacturing. The average cost of living in Belgium ( $1324) is 35% less expensive than in Luxembourg ( $2050 ). The government focused on key innovative industries that showed promise for supporting economic growth: logistics, information and communications technology (ICT); health technologies, including biotechnology and biomedical research; clean energy technologies, and more recently, space technology and financial services technologies. The economy has evolved and flourished, posting strong GDP growth of 3.4% in 2017, far outpacing the European average of 1.8%. The company I work for has a branch in Luxembourg and they are the ones that send my salary to Luxembourg. ), Christian (predominantly Roman Catholic) 70.4%, Muslim 2.3%, other (includes Buddhist, folk religions, Hindu, Jewish) 0.5%, none 26.8% (2010 est. Yet despite the high prices, Luxembourg boasts a VAT rate of just 17%. Belgium became independent from the Netherlands in 1830; it was occupied by Germany during World Wars I and II. You would need around 5,582.34 in Luxembourg to maintain the same standard of life that you can have with 4,200.00 in Brussels (assuming you rent in both cities). Groceries Prices in Luxembourg are 27.12% higher than in Belgium. what life is like in countries and cities around the world. Traditional 401k. Terms of Use and This small, stable, high-income economy has historically featured solid growth, low inflation, and low unemployment. Consumer Prices Including Rent in Luxembourg are 40.12% higher than in Belgium. Since 2002, Luxembourg's government has proactively implemented policies and programs to support economic diversification and to attract foreign direct investment. Belgium vs Luxembourg, Copyright 2009-2022 Numbeo. Belgium is completely reliant on foreign sources of fossil fuels, and the planned closure of its seven nuclear plants by 2025 should increase its dependence on foreign energy. :) I have lived in Luxembourg city for close to 2 years before coming back to India earlier this year. It lost more than half of its territory to Belgium in 1839 but gained a larger measure of autonomy. Then choose Luxembourg. Your use of this service is subject to our Sound transfer between apartments is a common problem in old buildings and unwanted noise is a fact of life. In Luxembourg, that number is 83 years (80 years for men, 85 years for women) as of 2020. Half of the people working in Luxembourg are either foreigners or french/belgian/german commuters. While Belgium does not have a minimum wage determined by law, it has a . The tax could range anywhere between 0% (for salaries less than or equal to 11,265 per annum) and 40% (for salaries more than 100,000 per annum). Luxembourgish dominates on informal and traditional print media such as invitations and leaflets. The cost of living in Luxembourg is fairly high compared with many of its European neighbours, so much so that it is typical for locals to head across the borders to Belgium, France and Germany to buy electrical equipment and luxury items. The tax plan also included benefits for innovation and SMEs, intended to spur competitiveness and private investment. 8. Belgium spends 6.5% of its total GDP on education as of 2016. The latest figures from the Belgian Statistical Office (Statbel) indicate that the average gross monthly salary in Belgium is 3,832, with the highest salaries reported in the Brussels Capital Region and the lowest paid in the Walloon Region. Use the link below to embed the infographic from our site and automatically keep the data layer up to date. All three of them are used commonly in everyday life and in the media. In 1957, Luxembourg became one of the six founding countries of the EEC (later the EU), and in 1999 it joined the euro currency zone. Luxembourg Belgium; Background: Founded in 963, Luxembourg became a grand duchy in 1815 and an independent state under the Netherlands. ), Luxembourg has a long tradition of operating radio and TV services for pan-European audiences and is home to Europe's largest privately owned broadcast media group, the RTL Group, which operates 46 TV stations and 29 radio stations in Europe; also home to Europe's largest satellite operator, Societe Europeenne des Satellites (SES); domestically, the RTL Group operates TV and radio networks; other domestic private radio and TV operators and French and German stations available; satellite and cable TV services available, a segmented market with the three major communities (Flemish, French, and German-speaking) each having responsibility for their own broadcast media; multiple TV channels exist for each community; additionally, in excess of 90% of households are connected to cable and can access broadcasts of TV stations from neighboring countries; each community has a public radio network coexisting with private broadcasters, 2,043 km (1,528 km in regular commercial use) (2012), 142 km gas, 27 km refined products (2013), 3139 km gas, 154 km oil, 535 km refined products (2013), Civil aircraft registration country code prefix, Luxembourg Army (l'Arme Luxembourgeoise) (2021), Belgian Armed Forces: Land Component, Naval Component, Air Component, Medical Service (2021), 18-26 years of age for male and female voluntary military service; no conscription (abolished 1969); Luxembourg citizen or EU citizen with 3-year residence in Luxembourg (2021), 18 years of age for male and female voluntary military service; conscription abolished in 1995 (2019), Luxembourg is a member of NATO and was one of the original 12 countries to sign the North Atlantic Treaty (also known as the Washington Treaty) in 1949, Belgium is a member of NATO and was one of the original 12 countries to sign the North Atlantic Treaty (also known as the Washington Treaty) in 1949, Military and security service personnel strengths, the Luxembourg Army has approximately 900 active personnel (2021), the Belgian Armed Forces have approximately 26,000 active duty personnel (11,000 Land Component; 1,500 Navy; 5,000 Air Force; 1,500 Medical Service; 7,000 other, including joint staff, support, and training schools) (2020), Military equipment inventories and acquisitions, the inventory of Luxembourg's Army is a small mix of European and US equipment; since 2010, it has received small quantities of equipment from Germany, Norway, and Sweden (2020), the Belgian Armed Forces have a mix of weapons systems from European countries, Israel, and the US; since 2010, France, Germany, and Switzerland are the leading suppliers of armaments; Belgium has an export-focused defense industry that focuses on components and subcontracting (2020), Refugees and internally displaced persons. See an in-depth size comparison. Luxembourg. This is due to the fact that many of these workers commute from France and Belgium for these sectors. No matter if you are single or have kids, you will love this magical place. Housing Costs. Privacy Policy, Copyright 2009-2022 Numbeo. The capital city of Brussels is home to numerous international organizations including the EU and NATO. As a result, the employees' salary is increased by 2.5% as . Luxembourg P+R Bouillon at 3:30 AM Sep 23, 2022. Fast facts. It's 4 euros a day for the entire country - recently, the news has been talking about making all public transport free. Cost of living in Belgium is, on average, 14.77% lower than in United States. Luxembourg has lost some of its advantage as a favorable tax location because of OECD and EU pressure, as well as the "LuxLeaks" scandal, which revealed advantageous tax treatments offered to foreign corporations. Luxembourg's total landmass is 82 kilometres long and 57 kilometres wide with a population of 493,500 (January 2009). This comparison is based on abundant and consistent data. If beer or chocolate is at the centre of your being, then Belgium is perfect place to live. So, as a foreigner, you are no one special. Nov 2022 Cost of Living. Covid situation in Luxembourg Sep 01, 2022. Belgium has a top tax rate of 53.7% as of 2016. (However, official announcements are written in French, the same as for laws). You would need around 4,190.82 in Brussels to maintain the same standard of life that you can have with 5,600.00 in Luxembourg (assuming you rent in both cities). It may be quite pricier here if you plan to live here but life here is definitely better. ), Electricity - from other renewable sources, 67% of total installed capacity (2017 est. Get everything you need about relocation right here, and learn how Wise can help you save when you live, work, retire or study abroad. Tax The UK has a double taxation agreement with Belgium so that you. This calculation uses our Cost of Living Plus Rent Index to compare cost of living. Discover the stories of expats who moved to Luxembourg to grow their careers in international financial services while at the same time benefitting from a gr. Also, note that some neighborhoods in Luxembourg City such as Gasperich and Cents suffer from aircraft noise. ), 35% of total installed capacity (2016 est. The Belgian health system is not bad. The personal income tax brackets range from 25 to 50 percent. You might like: 5 Things To Know Before Moving To Luxembourg. of Prepaid Mobile Tariff Local (No Discounts or Plans), Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, International Primary School, Yearly for 1 Child, 1 Summer Dress in a Chain Store (Zara, H&M, ), Price per Square Meter to Buy Apartment in City Centre, Price per Square Meter to Buy Apartment Outside of Centre, Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate. Living: Most of the answers below have impressed upon the fact that it is quite expensive to live. The average after-tax salary is enough to cover living expenses for 1.6 months in Belgium compared to 1.7 months in Luxembourg. Of Luxembourg's roughly 571,000 inhabitants, about 100,000 live in Luxembourg City. The economy largely recovered from the March 2016 terrorist attacks that mainly impacted the Brussels region tourist and hospitality industry. Apartment (3 bedrooms) in City Centre 1,767.50 euro. Switzerland Gross Monthly Wage Wages in Switzerland decreased to 6652 CHF/ Month in 2021 from 6665 CHF/ Month in 2020. source: Swiss Federal Statistical Office 10Y 25Y 50Y MAX. Summary: Family of four estimated monthly costs are 2,889.11$ (2,910.90) without rent. Luxembourgish are interested only in your money. Select city in Luxembourg: Summary: Family of four estimated monthly costs are 3,343.89$ (3,362.60) without rent. Service Public Fdral Finances, The World Factbook, Administration des Contributions Directes. Lifestyle in Luxembourg. With the foothills of the Ardennes situated in the north of the country, this region is rather mountainous. More than 200 banks and about a thousand investment funds have settled here. ), 11.03 births/1,000 population (2021 est. Luxembourg has one of the highest current account surpluses as a share of GDP in the euro zone, and it maintains a healthy budgetary position, with a 2017 surplus of 0.5% of GDP, and the lowest public debt level in the region. Belgium does experience difficulties with illegal immigrants, and for this reason, immigration laws have been tightened in recent years. The cost is 7 per month. Retirees will also be required to pay taxes if they earn any form of income in Luxembourg. Belgium also demands high social security contributions from both employers and employees. Nowadays Luxembourg is one of the smallest states in Europe, where only 600 thousand people live permanently. In addition to restrained public spending, low wage growth and higher inflation promise to curtail a more robust recovery in private consumption. Financial Facts About Belgium. If you prefer to download the image, please credit us as a source. So if you are living in the city and your husband is working in the city, the trains will probably not be of much use to you. I am originally from Mumbai, India, and I relocated . The statistics above were calculated using the following data sources: It lost more than half of its territory to Belgium in 1839 but gained a larger measure of autonomy. ), Dutch (official) 60%, French (official) 40%, German (official) less than 1%, School life expectancy (primary to tertiary education), 2.096 million BRUSSELS (capital), 1.048 million Antwerp (2021), federal parliamentary democracy under a constitutional monarchy, 12 cantons (cantons, singular - canton); Capellen, Clervaux, Diekirch, Echternach, Esch-sur-Alzette, Grevenmacher, Luxembourg, Mersch, Redange, Remich, Vianden, Wiltz, 3 regions (French: regions, singular - region; Dutch: gewesten, singular - gewest); Brussels-Capital Region, also known as Brussels Hoofdstedelijk Gewest (Dutch), Region de Bruxelles-Capitale (French long form), Bruxelles-Capitale (French short form); Flemish Region (Flanders), also known as Vlaams Gewest (Dutch long form), Vlaanderen (Dutch short form), Region Flamande (French long form), Flandre (French short form); Walloon Region (Wallonia), also known as Region Wallone (French long form), Wallonie (French short form), Waals Gewest (Dutch long form), Wallonie (Dutch short form), 4 October 1830 (a provisional government declared independence from the Netherlands); 21 July 1831 (King LEOPOLD I ascended to the throne), National Day (birthday of Grand Duke HENRI), 23 June; note - this date of birth is not the true date of birth for any of the Royals, but the national festivities were shifted in 1962 to allow observance during a more favorable time of year, Belgian National Day (ascension to the throne of King LEOPOLD I), 21 July (1831), civil law system based on the French Civil Code; note - Belgian law continues to be modified in conformance with the legislative norms mandated by the European Union; judicial review of legislative acts, 18 years of age; universal and compulsory, Alternative Democratic Reform Party or ADR [Jean SCHOOS], ADB (nonregional member), Australia Group, Benelux, BIS, CD, CE, EAPC, EBRD, ECB, EIB, EMU, ESA, EU, FAO, FATF, IAEA, IBRD, ICAO, ICC (national committees), ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), MIGA, NATO, NEA, NSG, OAS (observer), OECD, OIF, OPCW, OSCE, PCA, Schengen Convention, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNRWA, UPU, WCO, WHO, WIPO, WMO, WTO, ZC, ADB (nonregional members), AfDB (nonregional members), Australia Group, Benelux, BIS, CD, CE, CERN, EAPC, EBRD, ECB, EIB, EITI (implementing country), EMU, ESA, EU, FAO, FATF, G-9, G-10, IADB, IAEA, IBRD, ICAO, ICC (national committees), ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IGAD (partners), IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), MIGA, MONUSCO, NATO, NEA, NSG, OAS (observer), OECD, OIF, OPCW, OSCE, Pacific Alliance (observer), Paris Club, PCA, Schengen Convention, SELEC (observer), UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNIFIL, UNRWA, UNTSO, UPU, WCO, WHO, WIPO, WMO, WTO, ZC, three equal horizontal bands of red (top), white, and light blue; similar to the flag of the Netherlands, which uses a darker blue and is shorter; the coloring is derived from the Grand Duke's coat of arms (a red lion on a white and blue striped field), three equal vertical bands of black (hoist side), yellow, and red; the vertical design was based on the flag of France; the colors are those of the arms of the duchy of Brabant (yellow lion with red claws and tongue on a black field), International law organization participation, accepts compulsory ICJ jurisdiction; accepts ICCt jurisdiction, accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction, red, rampant lion; national colors: red, white, light blue, golden rampant lion; national colors: red, black, yellow, Household income or consumption by percentage share, Distribution of family income - Gini index, banking and financial services, construction, real estate services, iron, metals, and steel, information technology, telecommunications, cargo transportation and logistics, chemicals, engineering, tires, glass, aluminum, tourism, biotechnology, engineering and metal products, motor vehicle assembly, transportation equipment, scientific instruments, processed food and beverages, chemicals, pharmaceuticals, base metals, textiles, glass, petroleum, milk, wheat, barley, triticale, potatoes, pork, beef, grapes, rapeseed, oats, sugar beet, milk, potatoes, wheat, pork, lettuce, poultry, maize, barley, pears, iron and iron products, tires, cars, broadcasting equipment, clothing and apparel (2019), cars and vehicle parts, refined petroleum, packaged medicines, medical cultures/vaccines, diamonds, natural gas (2019), Germany 23%, France 13%, Belgium 12%, Netherlands 6%, Italy 5% (2019), Germany 17%, France 14%, Netherlands 13%, United Kingdom 8%, United States 6%, Italy 5% (2019), cars, refined petroleum, broadcasting equipment, scrap iron, aircraft (2019), cars, refined petroleum, packaged medicines, medical cultures/vaccines, diamonds, natural gas (2019), Belgium 27%, Germany 24%, France 11%, Netherlands 5% (2019), Netherlands 16%, Germany 13%, France 10%, United States 8%, Ireland 5%, China 5% (2019), Electricity - installed generating capacity, 25% of total installed capacity (2016 est.

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