Is It Expensive To Live In Belgium?

What is a good salary in Belgium?

Belgian employees earn 3,401 euros per month on average (amount before tax).

That’s according to research carried out by the weekly Vacature and Leuven University..

Does Belgium have a minimum wage?

Since June 2020, the national minimum wage in Belgium remained fixed at 1,625.7 € per month, that is 19,508 euros per year, taking into account 12 payments per year. … You can see NMW in other countries in National Minimum Wage 2020 and see all the information about this country in Belgium economy.

How much money do you need to live in Brussels?

Summary about cost of living in Brussels, Belgium: Four-person family monthly costs: 3,378$ (2,851€) without rent (using our estimator). A single person monthly costs: 942$ (795€) without rent.

What is Belgium main source of income?

Economy of BelgiumStatisticsExports$300.8 billion (2017 est.)Export goodschemicals, machinery and equipment, finished diamonds, metals and metal products, foodstuffsMain export partnersGermany(+) 16.6% France(+) 14.9% Netherlands(+) 12% United Kingdom(+) 8.4% Italy(+) 4.9% United States(+) 4.8% (2017)39 more rows

Why are taxes so high in Belgium?

Belgium puts its tax dollars to work by financing robust health care, education and social security programs, said Huyghe. Many students go to university without having to make any significant payments, he said.

What is the minimum pension in Belgium?

After a career of 45 years, the minimum guaranteed pension in Belgium today amounts to 1,266 euros. In 2024, five indexations will raise the guaranteed minimum pension to 1,400 euros gross per month.

How much is rent in Belgium?

Renting/Sharing an apartment or a studio will cost you around 600 – 700 EUR/month. Prices are higher for apartments that are closer to the city centre.

How much does a house cost in Belgium?

The median price for an attached or semi-detached house amounted to 195,000 euros in the first semester of 2018. A buyer had to pay 280,000 euros for a detached house. So those who wanted to buy a detached house had to pay 85,000 euros more than the median price of an attached or semi-detached house.

Is it good to live in Belgium?

Belgium consistently scores well in all the main indicators of good living and is good location for expats to live. Belgium has a high life standard and ranks among the top 10 in several indicators of the OECD’s Better Life Index, with the average household wealth above the OECD average.

Can foreigners buy property in Belgium?

Can expats buy property in Belgium? There are no restrictions to stop foreigners buying property in Belgium or taking out a Belgian mortgage, even if they are non-resident. However, different tax implications apply between resident and non-resident buyers in Belgium.

How can I rent in Belgium?

There are two main options in Belgium when finding a place to rent. Either using a real estate agent (agences immobilières/ makelaar) or an online property portal, like BBF. Properties can also be found through small ads online and in local papers.

How much tax do you pay in Belgium?

Taxation in BelgiumAnnual incomeTax rateFrom 0 to €13,25025%€3,312.50From €13,250 to €23,39040%€4,056 (€7,368.50 aggregate)From €23,390 to €40,48045%€7,690.50 (€15,059 aggregate)In excess of €40,48050%