How Much Does It Cost to Live in Copenhagen, Denmark?

Copenhagen is a large city located in Denmark with a metropolitan area population of 1,153,615. A couple could live a moderate lifestyle in Copenhagen on a budget of $4,304 per month, or $51,651 per year.

Cost of Living in Copenhagen, Denmark

As noted above, the cost of living in Copenhagen, Denmark is $4,304 per month for a couple living a moderate lifestyle. This budget consists of $2,420 for housing related costs, $709 for food, and $1,176 for other costs, all of which will be broken down below.

Housing

  • A one-bedroom apartment in the city center of Copenhagen is estimated to cost $2,139
  • Basic utilities including electricity, water, and gas will run about $233
  • High-speed internet averages $48

Food

  • Typical grocery costs of $485 per month include things like bread, eggs, milk, cheese, rice, chicken breast, bottled water, fruits, and vegetables
  • Alcohol including beer and wine for moderate home consumption costs about $74
  • Frequent coffees in a neighborhood café are estimated to be about $149

Other

  • Meals out are estimated to be $750 per month, including 4 meals in mid-range restaurants and 8 in inexpensive restaurants
  • Transportation costs of $230 for public transport passes and occasional taxis
  • Fitness center memberships of $110
  • Cinema tickets of $86 include several outings for international releases

Note that Copenhagen, Denmark is a very walkable city with a Walk Score of 99/100, which means you won’t need a car if you are living in the city center and you may even save some money by not using public transportation and taxis very often.

Amount of Money Needed to Retire in Copenhagen, Denmark

Many people searching the internet for the cost of living in Copenhagen, Denmark are doing so to see if and when they can quit their jobs and retire. A popular and easy way to calculate your retirement number is using the 4% Rule.

The 4% Rule estimates that a person(s) could withdraw 4% of their retirement nest egg and never run out of money. Using this calculation, a couple would need an investment portfolio of $1,291,287 to live a moderate lifestyle in Copenhagen, Denmark.

Annual expenses of $51,651 ÷ 4% = $1,291,287 portfolio needed.

Of course, everyone’s financial situation is different, and the above calculation could change based on any other sources of passive income and social security income.

Summary

Overall, the cost of living in Copenhagen, Denmark is affordable coming in at $4,304 for a couple living a moderate lifestyle. Those seeking to retire could do so comfortably with a retirement portfolio of $1,291,287.