Living in Luxembourg: what are the pros and cons?

A multicultural country 

Luxembourg is a very open economy – 47.3% of its residents are not Luxembourg nationals. And this doesn’t include the 228,400 cross-border workers who come here to work every day from France, Germany and Belgium, contributing to the country’s prosperity.

On a short stroll through the capital’s streets, you quickly become aware that it’s a cultural melting pot. Many foreign communities have settled here, with some having been here for several generations.

There are currently 170 nationalities living in the country. French, German and Luxembourgish are the official languages, but it is not rare to hear English, Portuguese, Italian, Spanish, etc. on the streets.

A calm and safe environment

Luxembourg is recognised for its high level of safety and low crime rates.

Living in Luxembourg provides a pleasant and calm environment, far from the hustle and bustle of other European capitals. Whether you’re single, a couple or a family, you’ll find a location that suits you, close to a school and the sporting and cultural infrastructure that you’re looking for.

“I’ve always thought of myself as a citizen of the world. I lived in six countries on various continents before coming to Luxembourg. We lived in Asia, in Japan, and ten years in the US. In Luxembourg we’ve found an exceptional environment to raise our two boys. The country has many major draws. It offers an ideal environment that is calm and safe, where young families can feel comfortable about setting up home. Children can really be children here. I’m proud to say that Luxembourg is now my home.” 

Stefania M., Company manager

Central position in Europe

Living in Luxembourg places you at the heart of the European Union and its institutions.

The country is easily accessible from most European countries thanks to its international airport (Findel), with daily connections to London, Munich, Vienna, Copenhagen and Madrid, to name a few.

You can also reach Paris in a little over two hours via high-speed train from the central station.

Other major European cities such as Brussels and Frankfurt are directly accessible by car.

Culture

If you enjoy going out – theatre, museums, cinema, classical and contemporary concerts – then Luxembourg offers a changing monthly programme with something for every age group and taste.

Every year, the Rockhal in Esch-Belval and the smaller Den Atelier venue in Luxembourg City host concerts by big global acts. Pop, rock, rap, hip-hop, electro – there’s something for everyone.

Classical music fans are also well-served by the Luxembourg Philharmonic, located in a spectacular venue in the Kirchberg district, which is worth a visit simply to admire the architecture.

The country is also home to many museums, and each year hosts the Lux Film Festival, an event that ranks among the 25 coolest festivals worldwide according to the trade magazine MovieMaker.

Perfect for families  

Families with children are the most enthusiastic expats in Luxembourg.

Luxembourg has an excellent health care system, modern infrastructure and a highly developed social security system.

In terms of schools and education, the Luxembourg government is also among the most generous.

It contributes to childcare costs for very young children via a means-tested voucher scheme. State schools are free, as is after school care subject to certain conditions. Family allowance payments for help with a child’s education, and subsidies to help pay for school materials are just some of the wide range of social benefits. Family allowance is paid to parents for each child every month, provided that one of the two parents is employed in Luxembourg.

Working parents are also entitled to parental leave on the birth or adoption of a child. This can be taken as full-time leave for four or six months, on a part-time basis or in blocks.

Luxembourg has one of the most attractive family policies worldwide.

For schools, you have the choice of traditional schools in your municipality or international schools, all offering a multilingual and multicultural environment.

“The country combines local and global aspects like no other. It’s an exceptionally cosmopolitan place, yet it remains proud of its history and its roots. The internationalisation of recent decades has developed in harmony with local traditions. That’s a great thing. It’s a welcoming country where it’s easy to fit in if you’re open and willing to make an effort.” 

Pedro A., Financial executive

“You’ll struggle to rent or buy somewhere in Luxembourg if you earn less than EUR 4,000 net per month. A tiny studio in the capital will set you back at least EUR 1,200 per month. I know many junior auditors who house share. If you’re a couple it’s a little easier, but you’ll probably have to move out from the capital if you want more space.” 

Aurélie B., Expat

Already convinced? 

There are many upsides to living in Luxembourg. Many expats – and particularly families with children – think it’s a good place to grow up. There is everything to make daily life easier for residents, with many free amenities – including public transport – and access to top-quality infrastructure and comprehensive social services.

Of course it’s not perfect, but this small country nestled at the heart of the European Union is certainly worth a visit. Pop by to say hello if you decide to give it a go!

Your devoted BGL BNP Paribas Team, 15/10/2024

source: Statec