The Grand Duchy of Luxembourg has grown to be one of the most powerful nations in Europe despite being one of the smallest sovereign governments.
The banking, steel, and manufacturing industries are the main drivers of Luxembourg’s thriving economy, which has the second-highest per capita GDP in the world. Its government and the EU heavily subsidize its productive agriculture industry.
With the ArcelorMittal group having its headquarters there and being regarded as the world’s top steel firm, the country’s riches in previous decades were built on the making of steel. As the steel industry declined, Luxembourg bravely diversified to establish itself as a major international financial and banking hub; as of March 2009, it was home to 152 institutions. The major industry in Luxembourg’s economy today is banking. A favorable environment for international investors has also successfully drawn medium, light, and high-tech industries. Major international investors like Goodyear, DuPont, and Guardian Industries are attracted by US companies.
Languages
Luxembourg speaks German, French, and Luxembourgish. If none of those words are in your vocabulary, don’t panic; English is a widely used language. However, it’s a good idea to try to pick up a few basic words and phrases before you travel. It is always valued!
Cost of living
Living in Luxembourg is relatively expensive, particularly if you reside in the well-known commercial district of the nation’s capital. The biggest expenses will be for housing and food. While that liter of milk costs about 1.30 Euro, a one-bedroom apartment costs about 1300 Euro per month.
Quality of life
Despite the higher cost of housing and necessities, Luxembourg’s incomes are generally very decent, so everything balances out. You can also benefit from living in one of the safest countries in Europe, one that is politically and economically stable.
If you’re moving with a family, you might also be pleased to learn that Luxembourg has a top-notch healthcare system, as well as a wide range of great international schools and childcare centers.
Accommodation
It can be difficult to find an apartment when you are new to a city, but there are many real estate companies. Don’t forget that you’ll have to pay for their services, which is often one month’s rent. Social media websites can also be used to find rental homes or rooms. Flatsharing is popular in Luxembourg, especially for visitors to the city. It’s a great way to meet people and offers some security in a strange and foreign environment.
Residence options in Luxembourg
Since Luxembourg City is close to their places of employment, many foreigners reside there. The cost of renting varies greatly throughout the city, but Cessange and Gasperich, Beggen, and Hamm offer the best deals. Check out the neighborhoods of Bonnevoie and Belair if you want to be closer to the city’s center because they can provide a decent rental deal.
Getting around Luxembourg
The contemporary and user-friendly public transportation system in Luxembourg is a terrific way to get to know your new city. You may view the routes and times on the Mobilitéits Zentral website.
A ticket costing €2 entitles the holder to repeat rides on any bus or rail for up to two hours. A day ticket with unlimited rides is also available for €4 and is good from the time of purchase until 4 a.m. the following day.
However, since you’re staying, you can consider purchasing a monthly ticket to save time and money.
Luxembourg’s social life
Despite not being anyone’s image of a party capital, Luxembourg Metropolis is still a thriving European city with something for everyone. It has a vibrant cultural history, tons of charm, and a wide range of attractions to keep you entertained. Weekends can be spent exploring the museums, galleries, cafes, and pubs while enjoying the delicious food, wine, and beer.
If you want to socialize with people outside of work, check out the local MeetUp.com for groups with similar interests or sign up for one of the social media accounts for expats. The greatest and fastest approach to settling into a new city is to make friends!
