The National Institute of Statistics and Economic Studies (STATEC) has released its 2022 salary figures for Luxembourg.
The average gross annual salary in the country stands at €75,919. However, the median salary is notably lower at €58,126, indicating that half of the workforce earns €58,125 or less per year. From 2018 to 2022, salaries across Luxembourg's economy have increased by approximately 3.6%.
Significant salary variations are evident based on education levels and industry sectors.
Individuals in managerial or high-ranking corporate positions earn the highest salaries, averaging €158,242 annually. In contrast, essential job roles offer salaries slightly over €40,000 per year.
Education also plays a crucial role in determining salary levels. Those with a Master's degree or higher earn nearly €116,000 on average, while individuals without a secondary school diploma earn just under €44,000.
The finance sector leads in terms of salary, with an average annual income of €113,000, while the hospitality sector lags behind at just under €40,500. Resident Luxembourg nationals earn the most, with an average salary of just over €92,000 per year. Foreign residents earn an average of €78,747, and cross-border workers earn around €65,500.
On average, the highest salaries are found in the finance and insurance sectors, which offer an average of €113,018 per year. Education follows with €111,362, and the "specialised, scientific, and technical activities" sector offers just over €105,000. The lowest average salaries are in the construction sector (€49,587), "administrative and support services" (€48,679), and hospitality (€40,461).
When considering median values, the education sector leads with €108,929 per year. This is followed by finance (€93,843) and public service (€92,708). The sectors with the lowest median salaries are commerce (€40,519), "administrative and support services" (€38,934), and hospitality (€34,589).
