Consumer prices: Luxembourg City is cheaper to live in than Dublin and more expensive than Brussels, an expat survey has found.
The Grand Duchy’s capital has become a relatively less expensive place for expats over the past couple years, according to Expatistan.com’s “Cost of Living” index, which was updated on Wednesday. The website said Luxembourg City had the 52nd highest cost of living out of 239 cities worldwide. That is down from 28th place in January 2015 and 21st place in January 2014. Luxembourg was 19th most expensive out of 62 European locations in this week’s report.
Part of the drop can be attributed to the slide--down by roughly 25% since 2011--of the euro against the dollar, the currency often used as the benchmark in international studies. That makes everything from Big Macs to travel comparatively cheaper.
The firm reported that the cost of living in Luxembourg City is cheaper than in London (by 35%), Palo Alto, the Silicon Valley town where firms like Facebook and HP got started (33%), New York City (32%), Copenhagen (11%), Paris (10%), Dublin (8%) and Stockholm (7%).
On the other hand, the Grand Duchy’s capital is more expensive than Barcelona (by 28%), Berlin (22%), Nice (18%), Brussels (14%), Shanghai (11%), Frankfurt (8%) and The Hague (7%).
The data also showed that Luxembourg was the 5th most expensive place worldwide and most expensive in western Europe to buy 1kg of potatoes (€2.43).
It was also 4th most expensive in western Europe to take a “taxi trip on a business day, basic tariff, 8km” (€26).
However at €1.17 per litre, it had the cheapest gas in western Europe.
Expatistan is a crowdsourced site, where users self-report what they actually paid at the till for a standard set of goods and services. The firm filters out anomalous entries.