5 Countries with the Highest Average Salaries in Europe

2. Luxembourg

Average Salary: $75,316

Luxembourg’s small size and its role as a global financial center contribute to a competitive job market. The country also boasts a high standard of living, supported by excellent healthcare, education, and infrastructure, which necessitates higher wages to maintain. Moreover, Luxembourg’s progressive tax policies and social security system ensure workers receive a significant portion of their earnings. All of these explain why its one of the high paying countries in Europe.