Cost Accountant salary in Luxembourg

Average Yearly Salary of Cost Accountant in Luxembourg is approximately 106,208 EUR (105,799 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Cost Accountant do?

A cost accountant is a professional responsible for analyzing, recording, and reporting on the costs associated with manufacturing products or providing services. They play a crucial role in helping organizations make informed financial decisions by providing accurate cost information. Cost accountants are involved in various tasks such as calculating the cost of raw materials, labor, and overhead, preparing budgets and forecasts, conducting cost analysis, and identifying areas for cost reduction and efficiency improvement.

Skills: cost accountant, financial analysis, cost analysis, budgeting, forecasting, cost reduction.
Job industry: Manufacturing

How much does Cost Accountant make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Cost Accountant a well paid job?

Yes, our data shows that Cost Accountant is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Cost Accountant?

High salary for Cost Accountant would be somewhere between 116,829 EUR and 154,002 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Cost Accountant in Luxembourg?

Living in Luxembourg the approximate monthly expenses are: 3,648 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 106,208 EUR
Estimated Monthly Salary: 8,851 EUR
Estimated Weekly Salary: 2,042 EUR per week
Estimated Hourly Salary: 51 EUR per hour
By working as Cost Accountant a person can save up to 5,169 USD per month or 62,023 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Luxembourg, see costs of living in Luxembourg.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Belgium, Germany, France.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Cost Accountant

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Luxembourg

Data as of 2025

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