Iceland vs Luxembourg: Median income per year (after tax)
Iceland
44,381 international-$ in 2021 prices
in 2017
Luxembourg
53,736 international-$ in 2021 prices
in 2023
Iceland rank
4th
Luxembourg rank
1st
Median income per year (after tax) over time
- Iceland
- Luxembourg
How they compare
Luxembourg currently reports 53,736 international-$ in 2021 prices against 44,381 international-$ in 2021 prices in Iceland, a difference of 9,355 international-$ in 2021 prices.
That makes Luxembourg's figure about 1.2 times Iceland's.
Across all 15 years both countries report, Luxembourg has been ahead every year.
Iceland ranks 4th and Luxembourg ranks 1st of 47 countries.
Luxembourg has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Iceland | Luxembourg | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 37,714 international-$ in 2021 prices | 45,551 international-$ in 2021 prices | 7,837 international-$ in 2021 prices | Luxembourg |
| 2010s | 37,092 international-$ in 2021 prices | 45,227 international-$ in 2021 prices | 8,135 international-$ in 2021 prices | Luxembourg |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher median income per year (after tax), Iceland or Luxembourg?
- Luxembourg, at 53,736 international-$ in 2021 prices against 44,381 international-$ in 2021 prices in Iceland as of 2023.
- What is the difference in median income per year (after tax) between Iceland and Luxembourg?
- 9,355 international-$ in 2021 prices, with Luxembourg ahead.
- How many years of comparable data are there for Iceland and Luxembourg?
- 15 years are reported by both, from 2003 to 2017.
- How do Iceland and Luxembourg rank globally for median income per year (after tax)?
- Iceland ranks 4th and Luxembourg ranks 1st of 47 countries.
- Where does this data come from?
- Luxembourg Income Study (2026) β with minor processing by Our World in Data, published as Median income per year (after tax). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Value of income per year below which 50% of the population live.