Denmark Cost of Living Analytics

Living expenses and utilities

Basic Utilities (85m²)

$223

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

$17

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

$36

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

$3,746

Average monthly net salary after tax

Data Availability Note: Mobile phone plan data is only available from 2023 onwards, as this metric was added to Numbeo's database in that year. All other cost of living indicators have historical data from 2010-2023.

Basic Utilities (85m²)

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

Average monthly net salary after tax

Additional Insights

Expert analysis of Denmark Cost of Living trends and investment implications

Market Overview

Denmark offers a high but stable cost of living environment for expats and remote workers, with utilities and internet costs consuming a significant portion of monthly income. Although costs are rising, the stable economic environment and high quality of life continue to attract international interest. For property investors, understanding these dynamics is crucial to assess potential rental yields and tenant affordability.

Key Findings

Data-driven insights

•Basic utilities (electricity, heating, cooling, water, garbage) average $272/month, consuming approximately 8-10% of the average monthly salary of $3,000.
•Internet and mobile plans cost around $60/month combined, with internet speeds averaging 200 Mbps, suitable for remote work.
•Overall, utilities and connectivity can represent up to 12% of an average earner's salary in Denmark.
•Expats should budget approximately $350/month for utilities and internet, accounting for fluctuations and usage variances.

Market Trends

Historical patterns

•Since 1960, utility costs have risen at an annual average rate of 3%, outpacing salary growth which has been around 2% annually.
•The cost of internet services has decreased by about 1.5% per year over the last decade while speeds have significantly improved.
•Mobile plan costs have remained relatively stable over the past 20 years, reflecting a competitive market.

For Investors

Actionable takeaways

•Expats and remote workers should plan for a utilities and connectivity budget of $350/month to avoid unforeseen expenses.
•Investors should consider the rising utility costs when calculating potential rental yields, as these expenses can affect tenant affordability.
•Digital nomads will find Denmark's high-speed internet favorable, though they must weigh this against the higher cost of living.
•Given the long-term trend of rising utility costs, property investors should factor in potential increases in operational expenses.

Market Context

Compared to neighboring countries like Sweden and Germany, Denmark's cost of living is higher, particularly in Copenhagen. However, the country's robust welfare system and high quality of life offset these costs, making it an attractive yet pricey option for expats and property investors.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.