Copenhagen · DKK · very high cost city

Savings rate in Copenhagen — are you on track?

Copenhagen is a very high cost city. Copenhagen median rent is approximately 10,500 kr/month for a 1-bed, making it one of the most expensive Nordic capitals. Copenhagen earners benefit from Denmark's strong social safety net, but high housing and living costs compress mid-income savings rates.

Median rent

10,500 kr/mo

Copenhagen 2022

Typical other costs

11,000 kr/mo

excl. housing

Savings benchmark

8–20%

mid-income DKK

Pre-set for Copenhagen — adjust to your situation

Country
500,000kr
150,000kr1,075,000kr2,000,000+kr
10,500kr/mo
0kr15,000kr30,000+kr

Food, transport, subscriptions, going out — everything except rent

10,000kr/mo
0kr12,500kr25,000+kr

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What a good savings rate looks like in Copenhagen

Using data from Statistics Denmark (DST) HBS 2022, people at mid-range incomes in Denmark typically save between 8–20% of gross income. In a very high cost city like Copenhagen, housing costs can compress that meaningfully — especially for renters.

Minimum
8%
floor — not building
Expected
13%
benchmark
Strong
27%
top tier

Source: Statistics Denmark (DST) HBS 2022. Benchmarks shown for mid-income earners in Denmark.

See full cost breakdown for Copenhagen →

Compare nearby cities

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Also in the Verdict suite

SalaryVerdict — Is your Copenhagen salary competitive?SpendVerdict — Is your Copenhagen rent too high?