Across the country’s 98 municipalities, there is a big difference between the price per square meter of a house, expenses for water, heat and electricity as well as items such as insurance price, basic tax and municipal tax.
At the same time, few people can afford to buy a new house without the help of the bank. Therefore, you should also make sure to include the cost of a home loan. It is also worth noting that home tax reform is changing from 2024, which will affect what you have to pay in the future.
Expenses of having a house in your municipality
Based on a house of 130 m2 and a family with two adults and two children, we have examined the monthly costs of living in a house in the different municipalities. We have illustrated the results using an interactive map of Denmark. This way you can easily find information about what it costs to live in the different municipalities.
Below you can get an overview of the results of the survey and get a better idea of where in the country it is the cheapest and most expensive to live in, respectively.
What are the monthly expenses of living in house?
As the map illustrates, there is a marked difference between what it costs to live in different municipalities. The highest monthly expenses are found in the City of Copenhagen and neighboring municipalities. The areas around Aarhus, Aalborg, and Odense are also at the more expensive end. For the entire country, the total monthly expenses are on average USD 11,240. However, you do not need to go far outside the big cities before prices fall significantly.
In the Region of Northern Jutland, only Aalborg Municipality is above the national average, where it costs USD 10,452.09 in monthly expenses. However, in the municipality of Mariager, about 50 kilometers south of Aalborg , the average monthly expenses are just over USD 6,000, which corresponds to about 60% of the monthly expenses of living in Aalborg Municipality . If you work in Aarhus Municipality, Norddjurs Municipality, northeast of Aarhus, may be interesting. Here, the average expenditure is close to USD 6,000 a month. This corresponds to just 40% of the cost of a similar house in Aarhus Municipality, where it costs USD 15,363.01 a month.
For the Region of Southern Denmark, only the Municipality of Odense and the Municipality of Fanø are above the national average. Living in Odense costs a little over USD 11,000 in monthly expenses in the municipality of Odense. If you choose to move 50 kilometers in either northwestern, southwestern or southeastern direction to the municipality of Nordfyn, Assens and Langelands respectively, you save between 40 and 50% . For example, it costs only USD 6,418.55 a month to live in a house in the municipality of Nordfyn
At the opposite end of the country, in the Capital Region, only Halsnæs Municipality and Bornholm Municipality are below the national average. For the Copenhageners, however, Holbæk Municipality to the west or Køge Municipality to the south can be cheaper alternatives. In Copenhagen Municipality, the average monthly expenses are more than USD 25,000. In Køge Municipality, the monthly expenses are less than half of what they are in the City of Copenhagen, and they are only USD 12,435.33 a month. In Holbæk Municipality, the expenses fall well below USD 10,000 a month. More than 62% savings .
The square meter price is highest in the Capital Region
If you want to get the most for your money, it might be an advantage to search away from Copenhagen and the major cities. According to the study, it is in municipalities such as Frederiksberg, Gentofte, Copenhagen, Lyngby-Taarbæk and Rudersdal that the highest costs are found when buying a house . In addition, in all five municipalities, the monthly expenses, as the only ones, are more than twice the national average .
A house in Frederiksberg Municipality costs more than USD 6,000,000 with monthly expenses in excess of USD 30,000. Conversely, a house in Lolland costs just over USD 400,000 with monthly expenses for around USD 5,000. Lolland Municipality is, together with Lemvig and Morsø Municipality, the only municipalities that in monthly expenses cost less than half the national average .
Municipalities such as Lolland, Tønder, Samsø and Lemvig are the municipalities that, according to the study, have the lowest house prices. Lolland Municipality is the country’s absolute cheapest municipality in relation to house prices with an average of USD 460,000 for a house of 130m2. The average price for a similar house in the country’s second cheapest municipality, Tønder Municipality, is around USD 660,000, or almost 45% more than for the house in Lolland.