Cost of living in Schifflange
Schifflange, a charming town in Luxembourg, offers a unique blend of cultural heritage and modern living. Understanding the cost of living here is crucial for anyone considering a move or planning to budget effectively.
This guide provides a detailed breakdown of the expenses you can expect, from housing and transportation to groceries and utilities, helping you make informed financial decisions.
Cost of Living Summary
Housing Costs
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages €8007.85.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages €7375.65.
Cost of Living Rankings
The cost of living indices for Luxembourg are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Luxembourg, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Buy Apartment Price
Buy Apartment Price
"Key Takeaways"
Schifflange's real estate market is characterized by high property prices, especially in the city centre, reflecting its desirability and limited availability.
Potential buyers should be prepared for significant investment, with prices per square meter in the city centre exceeding €8000.
Conclusion
In conclusion, Schifflange presents a high cost of living, particularly in terms of real estate. The city's appeal and strategic location in Luxembourg contribute to its premium housing market.
Prospective residents should carefully consider their budget and explore various housing options to find the best fit for their financial situation.