Living cost in Denmark

Due to a strong trade union movement, wages in Denmark are generally higher than in the United States. Negotiated minimum wage is approximately $16/hour.

Income tax in Denmark, however, is high by international standards, and ranges from 45% to a high 56%.

The flat-rate VAT in Denmark is 25%. Major exemptions from VAT are rents, medicine and newspapers.

The cost of living in Denmark is considerably higher than in the United States. Copenhagen is among the five most expensive cities in the world.

Advertisements

Leave a comment

Filed under Study

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s