Cost of Living in Denmark Compared to Other Countries in 2020.
Cost of Living in Denmark: Denmark is one of the most expensive countries to live in worldwide and even has a higher cost of living when compared to most countries in Europe. From eating out, to consumables and the price of gasoline, the price of everything is dear. The good thing is, wages are also higher in Denmark compared to other countries of the world which balances out the expensive cost of living in the country.
As it is with most countries of the world, the cost of living in major cities is higher when compared against lesser-populated cities in the same country. For example, Copenhagen which is the capital city of Denmark is one of the most expensive places to reside in, not just in Denmark, but in the world too and the citizen was even number 14 on the ranking of cities ( 209 cities) in the Mercer 2020 Cost of Living Survey. Though the cities and communities surrounding Copenhagen and other parts of Denmark are relatively cheaper than the cost of living in the capital city, it is still expensive when compared to cities around the world.
One thing which is certain, however, is that you as a foreigner living in Denmark, you would have quality life which is high living in the country, even more so if you are with kids – kids take up most of the bills and might make the cost of living in Denmark high.
Cost of Accommodation in Denmark 2019
As a foreigner living in Denmark, the cost of accommodation for most of your bills every month. When choosing a house, make sure you research the area and the cost obtainable there so you don’t go beyond your budget. This is especially so if you seek to live in Copenhagen which is a relatively small city yet very populated meaning accommodation is pricey and very competitive.
Most times, you would get the utility costs added to the cost of renting an apartment so it is very smart and pertinent that you plan for these added costs. Three month’s rent is what will be required as the rent initial deposit when you are seeking an apartment.
If you are a student, most of the colleges or universities would provide accommodation for international students in the universities’ dormitories (where single rooms or shared rooms). Still, the rates are very high and it is suggested that you look for alternative options of accommodation outside the campuses.
Averagely the cost of accommodation per month in Denmark is as follows;
- Apartment (1 bedroom) in the city center €875.96
- Apartment (1 bedroom) in the outside of center € 635.35
- Apartment (3 bedrooms) in the city center € 1,630.52
- Apartment (3 bedrooms) in the outside of center € 1, 186.61
Cost of Transportation in Denmark 2020
If you use the options of trains and buses to travel, the cost of transportation in Denmark might be very affordable for you but if you go the route of taxis regularly, you would have to cough up a lot of money to pay your transport fares. Petrol is expensive in Denmark and that goes for purchasing a car as cars are expensive. You could also use the options of cycling and walking (which are quite popular with the populace) as it would save you a lot of cost…and they are good ways to stay fit and exercise too.
One-way Ticket (Local Transport) 24.00 kr
Monthly Pass (Regular Price) 400.00 kr
Taxi Start (Normal Tariff) 50.00 kr
Taxi 1km (Normal Tariff) 15.78 kr
Taxi 1hour Waiting (Normal Tariff) 408.20 kr
Gasoline (1 liter) 11.02 kr
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 250,000.00 kr
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 249,617.30 kr
Cost of Food in Denmark in 2020
To shop for groceries is on the high side in Denmark and foreigners are usually jolted to reality and dumbfounded at how expensive the price of grocery shopping is in Denmark when they first shop in the grocery shops in the country.
Nonetheless, if you plan your finances well enough, you would be able to live within your reach and cost-effectively so too. Purchasing products that are produced locally as against important products is a good way to minimize costs. Buying products that are seasonal in bulk is a good idea too.
Cost of Education in Denmark
If you are a citizen of any EU country then the cost of education wouldn’t be much for you as the tuition is absolutely free. Keep in mind that international students would be required to pay for study materials like their textbooks and other unlisted items. If a child isn’t from an EU country, you’d find out the cost of education in Denmark for such persons is quite high and even more so for international schools.
The cost of textbooks which range from € 200 to € 300 every semester contributes to the high costs but when the child gets to a class that is higher, school materials can be purchased at prices that are less expensive or you can borrow and scan books from libraries. Keep in mind that the Government of Denmark has made education for EU students completely tuition-free.
Residence and Work Permit in Denmark 2020
If you are a Scandinavian, you are free to come to Denmark but you have to apply for and get a residence permit and work permit too. Most colleges would offer the application in partnership with the authorities.
Job Opportunities in Denmark 2020
With the residence permit, you are free to seek jobs and get employment during the w.eek, at weekends and in the summer holidays. Learning to speak Danish before you arrive in Denmark increases your opportunities in this regard.
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