Denmark, Copenhagen

Country Full Name: Kingdom of Denmark.

Country Location: Denmark is in Northern Europe, bordering the Baltic Sea and the North Sea, on a peninsula north of Germany (Jutland); also includes two major islands (Sjaelland and Fyn).

Country Climate: Temperate; humid and overcast; mild, windy winters and cool summers.

Country Terrain: Low and flat to gently rolling plains.

Country Major Languages: Danish.

Country Major Religions: Christianity.

Location Population: 1.9 Mil (2012 est.).

Country Economy: The economy of Denmark is a mixed economy with very few natural resources that relies almost entirely on human resources. The service sector makes up the vast amount of the employment and economy. Its industrialized market economy depends on imported raw materials and foreign trade.

Country Currency: Danish Krone (DKK).

Country Inflation: 2.5% (2012 est.).

Copenhagen is the capital and largest city of Denmark.

Copenhagen is the economical and financial centre of Denmark and also a strong business and economic centre in the Scandinavian-Baltic region.

The cost of living in Copenhagen is very high compared to other places. This is based on a comparison of locally collected prices for defined quantities of the same goods and services, converted to USD. Sources include local service providers in each location, international service providers, official governmental statistics and global agency data. The data is quality assured and manually checked by Xpatulator Analysts. The prices of similar related items have been grouped together into 13 basket groups and the cost of living index calculated for each basket in each location. The 13 basket groups are the result of extensive research of actual spending habits ensuring the cost of living indexes reflect a reality-based international expenditure pattern. The cost of living index for each basket for Copenhagen is only available using our online calculators.

The current overall cost of living rank (using all 13 baskets) for Copenhagen is 25 out of 780 international locations covering every country in the world (rank 1 is most expensive: rank 780 is least expensive). The current cost of living rank for each basket is as follows:

Alcohol & Tobacco costs are high compared to other places for items such as beer, spirits, wine and cigarettes. There are 202 places that are more expensive, and 577 places that are less expensive for alcohol and or tobacco.

Clothing costs are very high compared to other places for items such as business, casual and children's clothing and footwear. There are 52 places that are more expensive, and 727 places that are less expensive for clothing.

Communication costs are high compared to other places for various communication costs such as home telephone rental, internet subscription, mobile tariff and data costs. There are 285 places that are more expensive, and 494 places that are less expensive for communication.

Education costs are very low compared to other places for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. There are 691 places that are more expensive, and 88 places that are less expensive for education.

Furniture & Appliance costs are high compared to other places for items such as dining table and chairs, home entertainment, kitchen appliances, and sofa. There are 155 places that are more expensive, and 624 places that are less expensive for furniture and appliances.

Grocery costs are very high compared to other places for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. There are 56 places that are more expensive, and 723 places that are less expensive for groceries.

Healthcare costs are very high compared to other places for doctor visit, hospital stay, non-prescription medicine, and medical insurance. There are 23 places that are more expensive, and 756 places that are less expensive for healthcare.

Household Accommodation costs are very high compared to other places for items such as apartment purchase, mortgage rate, rental, and utilities. There are 96 places that are more expensive, and 683 places that are less expensive for household accommodation.

Miscellaneous costs are very high compared to other places for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. There are 13 places that are more expensive, and 766 places that are less expensive for miscellaneous items.

Personal Care costs are very high compared to other places for items such as cosmetics, hair care, and toiletries. There are 39 places that are more expensive, and 740 places that are less expensive for personal care.

Recreation and Culture costs are very high compared to other places for items such as books, cinema, sport and theatre tickets. There are 60 places that are more expensive, and 719 places that are less expensive for recreation and culture.

Restaurants, Meals Out and Hotel costs are very high compared to other places for items such as hotel daily room rates, meals and beverages in restaurants, and take away food and beverages. There are 10 places that are more expensive, and 769 places that are less expensive for restaurants, meals out and hotels.

Transport costs are very high compared to other places for items such as fuel (petrol/gasoline), public transport, vehicle purchase and maintenance. There are 3 places that are more expensive, and 776 places that are less expensive for transport.

Hardship
Hardship in the context of an expatriate and their family refers to the degree of hardship they are likely to experience and the relative impact on their lifestyle in a host location. The degree of hardship correlates to the degree of difference between the home and host location. Hardship pay is compensation for the hardship likely to be endured during an international assignment in order to encourage people to move, in particular to less desirable locations.

Hardship factors include-:
Economic Factors: Such as poverty levels and level of service provision
Political Factors: Such as freedom/tolerance towards different points of view / lifestyle
Religious Factors: Such as freedom/tolerance towards different religions
Public Service Factors: Such as provision of water, electricity, sanitation, work permits etc
Environment/Climate Factors: Such as extreme weather
Personal Safety Factors: Such as personal safety / level of crime
Health Factors: Such as prevalence of disease and health standards
Education Factors: Such as education standards, prevalence of international schools
Transportation Factors: Such as prevalence of public transport, fuel and road safety.

The ratings for hardship are classified into four main groups and can be described as follows:
1) Minimal Hardship (10% Hardship Premium)
2) Some Hardship (20% Hardship Premium)
3) High degree of Hardship (30% Hardship Premium)
4) Extreme Hardship (40% Hardship Premium).

Copenhagen is ranked as minimal hardship with a typical hardship premium of 10%.

Reference
The above information is updated quarterly using data collected over the previous 12 months. The international cost of living & hardship indexes are only available using our online expatriate calculators to enable users to create personalized cost of living comparison reports:

Salary Purchasing Power Parity Calculator
Cost of Living Index Calculator
Cost of Living Allowance Calculator

Published by Xpatulator.com on 1 April 2013.

To link to this article: http://www.xpatulator.com/cost-of-living-review/Denmark-Copenhagen_63.cfm