Denmark is often referred to as one of the happiest and safest countries in the world and has some of the best qualities of life. So what is considered rich in Denmark and how much does the average person and household earn? What would your cost of living be if you lived in one of the friendliest countries in the world?

Is Denmark a Good Place to Live?

OECD Better Life Index It notes that Denmark performs above average in jobs, education, health, environmental quality, social connections, civic engagement and life satisfaction.

For the latter, when asked to rate how happy they are out of ten, Danes consistently say a figure higher than the OECD average of 6.7, rating their score on average at 7.5, where they are very satisfied.

With quality schools and good access to healthcare, Denmark generally ranks highly among the best countries to live; The average Dane sees a medical doctor 11 times a year.

Economist Intelligence Unit (EIU) ranked Copenhagen second annual report It was chosen as the most livable city in the world for 2023 with its galleries, bicycles, culture, history and health services.

Denmark in 2023 sorted Havnen port area, which is the second safest country in the world, ranked fourth among the coolest neighborhoods. timeoutsurvey. It is renowned for its friendly and fun vibe wherever you choose to hang out on the water; Try out boats, paddleboards, kayaks, pools, and even the new winter public saunas.

How Many People Live in Denmark?

With a population of approximately 6 million, Denmark is smaller than Germany, England, France, Italy and Spain and is around the 25th most populous country in Europe. By comparison, the United States has more than 320 million residents.

Copenhagen, the capital of Denmark, has a population of 1.3 million, making it the largest Scandinavian city excluding Stockholm. It’s about the same size as San Diego.

In terms of size, Denmark is the smallest of all the European Scandinavian countries, with an area of ​​just over 16,500 square miles; 228 times larger. It takes over 6 hours to fly from New York to Los Angeles, while crossing Denmark from Copenhagen to Jutland only takes an hour by plane. Most of Denmark could fit in Colorado. This makes the country quite compact and you can easily get around the capital without a car.

What is the Average Salary in Denmark?

The average worker in Denmark earns an average of $6,855 (DKK 46,972) per month and has a net worth of $102,373 (DKK 701,429).

The OECD states that Denmark’s average household net adjusted disposable income is $33,774 per person per year; The OECD average is $30,490.

What is the Cost of Living in Denmark?

A family of four can spend roughly $4,302 Living expenses, excluding rent, are slightly higher than the average American each month.

The cost of living in Denmark is 16% higher than in France, and for comparison, the cost of living in the US is 7% higher than in France (although this is clearly an average).

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What is Considered Rich in Denmark?

To be in the top 10% of top earners in Denmark and be considered wealthy, you need to earn $120,000 (812,300 DKK) per year; To be in the top 50%, you need to earn $42,456 (290,900 DKK). ) or above, every year.

With a GDP per capita of US$52,000 (€48,000), the country is the fourth richest country in the EU and the CIA World Factbook lists the country’s natural resources as oil, natural gas, fish, arable land, salt, limestone, chalk, stone, gravel. and sand.

What Do the Richest 1% Earn in Denmark?

according to Copenhagen PostThe top earners in the country earn DKK 1.9 million per year, which is approximately $300,000 per year depending on the exchange rate. The income of the top 1% accounts for approximately 10% of Denmark’s entire income.

By comparison, the top 1% of earners in the US earn between $540,009 and $819,324, depending on whose statistics you use.

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