RTL Today - Large disparities: Luxembourg's average salary is €81,000, highest in EU

Luxembourg's average annual salary of €81,064 remains the highest in the European Union.

Eurostat data places the Grand Duchy ahead of Denmark (€67,600) and Ireland (€58,700) in its annual national accounts statistic.

Between 2022 and 2023, Luxembourg salaries increased by 8.2% from €75,409 to €81,064.

In its national report published in July, Luxembourg's statistics agency Statec said the median gross salary in 2022 was €58,126, meaning that 50% of employees earn less than €58,126 while the other half earn more.

Significant salary variations are evident based on education levels and industry sectors with the finance sector leading in salary and hospitality coming last. The average salary difference between a person with a Master's degree and a secondary school diploma is a staggering €72,000.

Neighbouring Belgium ranks 4th in the EU (€57,989), Germany is in 6th place (€50,998), and France 9th (€42,662).

The lowest average annual salaries were recorded in Bulgaria (€13,500), Hungary (€16,900), and Greece (€17,000).

In 2023, the average salary across the EU was €37,900, reflecting a 6.5% increase from €35,600 in 2022.