Key Facts: Luxembourg vs Faroe Islands Wages
- Luxembourg Minimum Wage
- €15.63/hr ($18.20 USD)
- Faroe Islands Minimum Wage
- No statutory minimum wage
- Luxembourg Avg. Gross Monthly Salary
- €5,600 /mo ($6,521.49 USD)
- Faroe Islands Avg. Gross Monthly Salary
- kr34,278 /mo ($5,341.42 USD)
- Data Sources
- Inspection du Travail et des Mines (ITM); 2026 figures verified via Wikipedia EU member states by minimum wage table (eff 2026-01-01) (2026-05-04), Statistics Faroe Islands (hagstova.fo) (2026-05-04)
Luxembourg 
Faroe Islands
Updated 2026-05-04
Unlike Faroe Islands, which has no statutory minimum wage, Luxembourg mandates a wage floor of $18/hr. Average salaries are higher in Luxembourg at $6,521/mo compared to $5,341/mo in Faroe Islands.
Detailed Comparison
| Metric | Luxembourg | Faroe Islands |
|---|---|---|
| Minimum wage /hr | €15.63 $18.20 | None |
| Minimum wage /mo | €2,703.74 $3,148.64 | None |
| Minimum wage /yr | €32,444.88 $37,783.72 | None |
| Avg. gross salary /mo | €5,600 /mo $6,521.49 | kr34,278 /mo $5,341.42 |
| Avg. net salary /mo | €4,000 /mo $4,658.20 | N/A/mo |
| Median individual income /yr | €48,000 /yr $55,898.45 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Luxembourg is higher.
Work Week
- Luxembourg
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.4x pay
Standard workweek is 40 hours (Labour Code). Daily maximum is 8 hours (extendable to 10 hours). Overtime is compensated at 140% of normal rate or with equivalent compensatory time off (1.5 hours for each overtime hour). Maximum 2 hours overtime per day. EU Working Time Directive limits average to 48 hrs/week.
- Faroe Islands
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours. Working conditions governed by collective agreements.
See this comparison from Faroe Islands's perspective: Faroe Islands vs Luxembourg
Compare Luxembourg with...
Luxembourg vs United States $ 7.25 /hr 
Luxembourg vs China ¥ 25 /hr 
Luxembourg vs Germany € 13.9 /hr 
Luxembourg vs United Kingdom £ 12.71 /hr 
Luxembourg vs India ₹ 4,576 /mo 
Luxembourg vs Japan ¥ 1,121 /hr 
Luxembourg vs France € 12.02 /hr 
Luxembourg vs South Korea ₩ 10,320 /hr 
Luxembourg vs Canada C$ 18.1 /hr 
Luxembourg vs Australia A$ 24.95 /hr 
Luxembourg vs Brazil R$ 7.37 /hr 
Luxembourg vs Russia ₽ 156.31 /hr 
Luxembourg vs Mexico MX$ 9,583.52 /mo 
Luxembourg vs Indonesia Rp 33,058 /hr 
Luxembourg vs Netherlands € 14.71 /hr 
Luxembourg vs Saudi Arabia ﷼ 23.08 /hr 
Luxembourg vs Turkey ₺ 164.94 /hr 
Luxembourg vs Taiwan NT$ 190 /hr 
Luxembourg vs Switzerland 
Luxembourg vs Poland zł 31.4 /hr 
Luxembourg vs Thailand ฿ 10,400 /mo 
Luxembourg vs Sweden 
Luxembourg vs Argentina ARS 1,762 /hr 
Luxembourg vs Singapore Frequently Asked Questions
Is the minimum wage higher in Luxembourg or Faroe Islands?
In Luxembourg, the minimum wage is €15.63/hr ($18.20 USD). In Faroe Islands, it is no statutory minimum wage.
How much more does the average worker earn in Luxembourg compared to Faroe Islands?
The average gross salary in Luxembourg is €5,600/mo ($6,521.49 USD), compared to kr34,278/mo ($5,341.42 USD) in Faroe Islands. In USD terms, workers in Luxembourg earn approximately 22% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Luxembourg and Faroe Islands is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Luxembourg earn more in nominal terms, though how far that income stretches depends on local prices in Faroe Islands.
How do work hours compare between Luxembourg and Faroe Islands?
Both Luxembourg and Faroe Islands mandate a similar standard work week of 40 hours. When work hours are equal, the country with the higher minimum wage delivers proportionally higher weekly earnings. Standard work week rules set the baseline; actual hours worked often differ based on industry norms and individual employment contracts.