Last Updated on November 9, 2022 by Mansoor Abbasi
Copenhagen’s median cost of living is $2295, placing it in the top 2% of the world’s most expensive cities, ranking 204th out of 9294 in our worldwide ranking and first out of 27 in Denmark. The average after-tax salary is $3867, covering 1.7 months’ worth of living expenditures. The list of finest locations to live in the world is ranked 26th (TOP 0.3 percent) and the first best city in Denmark. Copenhagen is Denmark’s largest city, with 602 thousand people.
Costs of living in Copenhagen
Budgeting is critical while preparing to study at the University of Copenhagen. Tuition costs (if applicable), international travel expenditures, insurance, settling expenditures, and regular living expenses in Copenhagen should all be included in your budget. Rent and utilities, internet and phone service, groceries and household supplies, local transportation, books and other study materials, as well as sports and leisure activities, are just a few of the things that make up monthly living expenses.
Depending on the cost of housing and your unique lifestyle choices, living costs will vary from person to person. An estimate of the cost of living in Copenhagen is EUR 1,280–1,800 per month.
Rent and electricity
Rent and electricity, internet and mobile subscriptions, food and home supplies, local transportation, literature, other study materials, and sports and leisure activities are all included in monthly living expenses. Individual living costs will vary depending on the cost of accommodation and your unique lifestyle choices. The cost of living in Copenhagen is projected to be between EUR 1,280 and EUR 1,800 per month.
The expense of housing
The cost is usually determined by the location and size of something like the space. A room in Frederiksberg, for example, will be much more expensive than an apartment in Nrrebro. The amount of the space is also a consideration, and prices vary depending on the number of students that live in the flat. Rooms start at €600 on average, with a 1-bedroom tiny apartment costing around €1000. Utilities may or may not be included in this price. Keep in mind how much money you’ll need in the future.
In Denmark, the investment for student housing is unusually high, virtually always requiring at least three months’ rent as a deposit. Some landlords even want the first three months’ rent and the final payment in advance. Yes, you did read that accurately. You might have to pay a total of seven months’ rent before you can even move in. Fortunately, as provided as there is no destruction to the property, you will receive your money refunded at the end of the lease.
The restrictions may be significantly more forgiving if you are renting from a friend or a private individual, such as a student leasing their bedroom while they are abroad on an exchange.
Price of food
While so much else in Copenhagen is pricey, the fundamental food essentials are surprisingly affordable. A loaf of bread, a liter of milk, or a bag of pasta, for example, all cost less than a dollar. It also helps if you buy at low-cost stores. Suppose you want affordable, fresh produce, head to the local markets rather than the city center market.
If you’re getting food or beverages, a regular coffee will set you back roughly €3.4, while a latte will set you back anywhere between €4 and €6.2. A quick trip to the local McDonald’s will set you roughly €7.5 for a combo meal. If you want to eat out for the evening, each meal will cost you around €33 per person. A high-end supper might cost up to €250 if you’re particularly posh.
When out with friends for drinks, domestic beer will cost around €4, with craft and specialty beers costing more than €5.8. Cocktails are even more expensive, costing around €9 and €15 apiece. Because drinks in bars are so costly, many students will instead buy a 6-pack of beer first from the store for around €4 and hang out by the sea. Alternatively, you may meet up at Copenhagen Street Food or try one of several food trucks for €4 meals.
Copenhagen was built with bicyclists in mind. In fact, due to the high expense and inefficiency of driving, only 14% of the city’s citizens do so. As in most European cities, most Copenhagen residents own a bicycle and ride it in all types of weather. However, if you’re not cut out for biking or prefer not to travel in the rain, the public transportation system will not disappoint. The Rejsekort card is used for all modes of transportation, including bus, Metro, and train.
Pricing depends on the zone, the moment of the day, the distance covered, and how frequently the card is used. It does, however, reduce the cost of a trip to between €1.5 and €1.8 in each zone, as opposed to around €2.9 for a single ticket. Season passes are also available, with options values of up to 180 days of insurance.
Each person’s monthly cost of living in Copenhagen is around €1200. And that’s all there is to it. If you want to see a movie with snacks and drinks, be prepared to spend at least €50 for two people. That’s why it’s critical to follow any advice on relocating to Copenhagen for your international studies. Rather than spending lots of money on expensive entertainment, go to a free performance or festival, go to the markets, or go for a walk or run in one of the numerous green parks.
Designer labels will set you back a lot of money if you ever need to buy clothes or furniture for your room or apartment in Copenhagen. The good news is that there are plenty of thrift stores, plus vintage is really “in” right now! Plus, there’s always the option of shopping online.