Cost of living in Denmark | All you need to know about prices and expenses in Denmark (From a Dane)
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👇 Detailed description and links below 👇
Discover the True Cost of Living in Denmark
🌍 In this detailed video, I, a native Dane, delve deep into the cost of living in Denmark to give you a realistic picture of everyday expenses. I have made the minimum budget for one person - in essence, the available funds that you need to have each month to live in Denmark.
It's very important to consider if your disposable income corresponds to the life you want to lead. It's no good to move to Denmark, if you won't be able to enjoy yourself here due to a tight budget.
Fear not! Most people will make enough money in Denmark so that life is pleasant. You will most certainly be able to afford life in Denmark, if you have a full-time job.
Whether you're considering moving to Denmark or simply curious about how much it costs to live in this beautiful but expensive country, this video covers all you need to know about managing your finances here.
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🔹 Key Points Covered:
1. Assumptions About a Minimum Danish Budget: Setting the baseline for essential living costs.
2. Accommodation: Insights into rental costs for various living situations.
3. Groceries: Average prices for food essentials and tips for budget shopping.
4. Public Transportation: Costs and best practices for getting around.
5. Clothes & Garments: What to expect when updating your wardrobe.
6. Insurance: Necessary policies and typical premiums.
7. Fun and Leisure: Budgeting for entertainment and social activities.
8. Phone and Subscriptions: Managing communication costs effectively.
9. Self-care: Investing in personal wellbeing and health.
10. Buffer & Savings: Strategies for financial security and unexpected expenses.
11. Sunk costs: What are the sunk costs of moving to Denmark?
🔹 Who Should Watch?
Potential Expats: Considering Denmark as your new home?
Budget Travelers: Planning your expenses for a Scandinavian adventure?
Financial Planners and Advisers: Offering insights to clients moving to or living in Denmark.
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Do you have experiences or tips about living costs in Denmark? Share your thoughts in the comments below!
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🔹 Recommended Resources:
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📧 For personalized financial advice related to Danish taxes, email me at stehoj@gmail.com, and I will connect you with expert financial advisors.
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👉 Check out our related videos for more perspectives on Denmark and other destinations.
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TIMESTAMPS:
00:00 - Start
00:58 - Assumptions about a Minimum Danish Budget
3:00 - Accommodation
3:50 - Groceries
4:55 - Public Transportation
5:55 - Clothes & Garments
6:45 - Insurance
7:45 - Fun and Leisure
8:30 - Phone and Subscriptions
8:55 - Self-care
9:50 - Buffer & Savings
10:20 - Conclusion and minimum budget
11:00 - Sunk costs
12:15 - Outro
ABOUT ME
My name is Steven Højlund. With over 30 years of life in Copenhagen and experiences across Europe and the US, I share in-depth and honest insights to help you navigate life in Denmark. Whether you're planning to settle here or exploring from afar, I aim to provide you with valuable information to make the most out of your time in Denmark.
Пікірлер: 18
very nice try.
❤
Great video. Thanks. It would be also interesting to hear how an expat can get along with Danes. There are some stereotypes that Denmark is a closed nation and they are not always ready to accept strangers to their community. It would be interesting to hear your opinion on that
@expattips_denmark
Ай бұрын
Indeed, that's a great idea. I will make a video in a not so distant future about finding friends among the Danes. I think I can provide some tips on that and some context as well :-) Stay tuned!
Very realistic budget for a good quality of life in CPH, great job! I'd just say to increase some budget for public transport as friends can live really far. Also, in the winter I use public transport a lot more than bikes but guess I haven't reached that level yet
@expattips_denmark
Ай бұрын
True, public transportation can get quite expensive if you use it a lot. Especially, if it's for going longer distances and across the country.
That link cannot open 😢
Did you say that accommodation cost was for a ‘shared’ room? So not a whole apartment?
@expattips_denmark
3 күн бұрын
Hi John. It is for a private room, but in a shared apartment - typically. You cannot get a whole apartment for that kind of money. Or, actually you can, but you have to be on waiting lists for many many years, or know someone etc. etc.
6000 for a room is the minimum, many rooms are way more, plus most people that rent out rooms require 3 months Deposit minimum. so 6000 x 3 at least down payment : 18,000. Actually some landlords require 5 months Deposit. and Copenhagen is Notorius for Scumbag landlords that never return your deposit.
@expattips_denmark
Ай бұрын
Thank you Nicholas for this comment. Agree, there are unfortunately many stories about landlords not repaying deposits. I think it's rare to see rooms at more than 7,000 DKK - but maybe the market has been impacted by inflation since I checked last time.
CAN I AFFORD TO LIVED IN DENMARK IF MY PENSION IS $1,200 A MONTH?
@expattips_denmark
10 күн бұрын
I don't know if you can. Can you? And in that case, where do you live in the country? The differences in terms of cost of living are significant.
@user-rm1zw7so2c
10 күн бұрын
$1.00 = 7 Danish Crown. $1,200 × 7 = 8,400 Danish krone. Is this not sufficient enough for a Single Person to live in Denmark?
@expattips_denmark
9 күн бұрын
@@user-rm1zw7so2c That don't sound like much. In the video I recommend 13,000 DKK after tax to be the minimum if you want to live fairly comfortable in Copenhagen - and that is still in the low end depending on your options for accommodation.
@user-rm1zw7so2c
9 күн бұрын
That means I need $!,857.14 every month in order to live comfortably well in Denmark. 13,000 Danish Crown ÷ $7.00 = $1,857.14. Right!!!
@expattips_denmark
9 күн бұрын
@@user-rm1zw7so2c Yes that's about it.