This is a rough estimate of what it costs a single person to live in Copenhagen:
Housing DKK 2,200 - 4,000 /month
Board DKK 1,500 - 2,000 /month
Local transportation DKK 300-600 /month
Estimated pocket money DKK 1,000 /month
This includes accommodation, private expenses like food, clothes, transportation, going out, and buying books and supplies. This amount does not include tuition fees.
General costs in Copenhagen
The below list should give you a rough idea of price levels in Copenhagen:
- Bus/metro/train, ticket (1 trip - 2 zones): 20 kroner
- Bus/metro/train, clip card (10 trips - 2 zones): 125 kroner
- Bus/metro/train, monthly pass (3 zones): 440 kroner
- Cinema ticket: 80 kroner
- Tivoli, entrance: 85 kroner
- Dining out at a café (food and beverage): 200 kroner
- Soda or beer at a pub: 25-30 kroner
- Coffee at a café: 20-25 kroner
- Entrance to a disco: 50-100 krone
- Concert ticket: 100-300 kroner
Money and Banking
The Danish currency is called “Kroner” (the ISO currency designation is “DKK”). “Kroner” (which translates into English as “crowns”) is the plural of “krone” which is made up of 100 “øre”. On the currency website Oanda you can find a full currency converter (www.oanda.com/convert/classic)
Documentation of funds
The immigration office (through the Danish embassy) will ask students from outside the Nordic countries and the European Union to demonstrate funds corresponding to app. DKK 50,000 before issuing a one-year residence permit.
Normally residence permits will be issued for the prescribed duration of your study programme. You must be able to document that 1) you have the full legal rights to manage the funds, and that 2) these funds are available to you in Denmark.
Bank accounts and credit cards
It is easy to convert a wide range of currencies and travellers' cheques in Denmark but it can also be quite expensive as Danish banks charge a fee for this type of service. While well-known international credit cards are widely accepted, they may be inconvenient for you to use for every-day shopping.
Therefore it may be a better option for you to open a bank account with a Danish bank and apply for a Dankort (Dan-Card). Dankort is a debit card that is accepted everywhere except perhaps in very small shops that only take cash. Note, however, that you may be required to show documentation of your financial means or a steady income to get the card.
To open an account and get a debit card, you must remember to bring your cpr-number, which is printed on your Health Insurance Card. It is also a good idea to bring copies of your passport, your Letter of Admission and your housing contract, as you may be asked for these documents. Note that Danish banks are closed on Saturdays and Sundays.