Cost Of Living For a Single Person in Greenland 2025

Single person cost of living chart - individual average monthly expenditure in Greenland

Average Monthly Expenditure

Currency: DKK
2,600 18,000 120,000
MINIMUM AVERAGE MAXIMUM
$380 $2,600 $18,000

Average monthly spending for a single person or individual in Greenland

How much money does an individual need in a month to survive in Greenland?

A single person in Greenland spends around 18,000 DKK per month on average. Depending on the lifestyle, a single individual can survive with a monthly budget as low as 2,600 DKK or as high as 120,000 DKK. Location and income are very important factors and have a huge influence on expenditure and budget.


Prices and cost of goods and services in Greenland


Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Greenland

Dining, food, and beverages costs


Fast food combo meal

28 DKK 57 DKK 94 DKK
MINIMUM AVERAGE MAXIMUM
$4.1 $8.2 $14

Restaurant meal for one

94 DKK 140 DKK 280 DKK
MINIMUM AVERAGE MAXIMUM
$14 $21 $41

Fine dining meal for one

190 DKK 280 DKK 1,100 DKK
MINIMUM AVERAGE MAXIMUM
$27 $41 $160

Cappuccino or latte

24 DKK 38 DKK 57 DKK
MINIMUM AVERAGE MAXIMUM
$3.4 $5.5 $8.2

Grocery and market costs


Milk large bottle

19 DKK 23 DKK 28 DKK
MINIMUM AVERAGE MAXIMUM
$2.7 $3.3 $4.1

12 eggs

14 DKK 19 DKK 28 DKK
MINIMUM AVERAGE MAXIMUM
$2.1 $2.7 $4.1

Fresh whole chicken

32 DKK 42 DKK 59 DKK
MINIMUM AVERAGE MAXIMUM
$4.7 $6.1 $8.6

Pack of beef

38 DKK 57 DKK 110 DKK
MINIMUM AVERAGE MAXIMUM
$5.5 $8.2 $16

Medium bag of rice

15 DKK 21 DKK 30 DKK
MINIMUM AVERAGE MAXIMUM
$2.2 $3 $4.3

Bag of tomatos

5.7 DKK 7.6 DKK 14 DKK
MINIMUM AVERAGE MAXIMUM
$0.82 $1.1 $2.1

Bag of apples

10 DKK 13 DKK 22 DKK
MINIMUM AVERAGE MAXIMUM
$1.5 $1.9 $3.2
Chart showing the prices and cost of commute, travel, and transportation in Greenland


Commute, travel, and transportation costs


20 minutes taxi ride

24 DKK 28 DKK 57 DKK
MINIMUM AVERAGE MAXIMUM
$3.4 $4.1 $8.2

Average car full tank

140 DKK 190 DKK 380 DKK
MINIMUM AVERAGE MAXIMUM
$21 $27 $55

Average car 1-day rental

140 DKK 190 DKK 280 DKK
MINIMUM AVERAGE MAXIMUM
$21 $27 $41

Average car price

71,000 DKK 140,000 DKK 190,000 DKK
MINIMUM AVERAGE MAXIMUM
$10,000 $21,000 $27,000

Bus ticket one way

4.7 DKK 7.1 DKK 14 DKK
MINIMUM AVERAGE MAXIMUM
$0.69 $1 $2.1

Car Service

190 DKK 280 DKK 570 DKK
MINIMUM AVERAGE MAXIMUM
$27 $41 $82
Chart showing the prices and cost of utility, energy, water, and gas in Greenland


Utility cost (monthly)


Utility Bill - Individual

160 DKK 1,100 DKK 7,300 DKK
MINIMUM AVERAGE MAXIMUM
$23 $160 $1,100

Internet and cable

140 DKK 280 DKK 380 DKK
MINIMUM AVERAGE MAXIMUM
$21 $41 $55

Mobile phone charges

110 DKK 190 DKK 570 DKK
MINIMUM AVERAGE MAXIMUM
$16 $27 $82

Leisure and activities costs


Movie ticket

71 DKK 94 DKK 140 DKK
MINIMUM AVERAGE MAXIMUM
$10 $14 $21

One month gym membership

230 DKK 280 DKK 570 DKK
MINIMUM AVERAGE MAXIMUM
$33 $41 $82
Chart showing the prices and cost of clothing and accessories in Greenland


Cloths and accessories costs


Pair of jeans or pants

170 DKK 240 DKK 350 DKK
MINIMUM AVERAGE MAXIMUM
$24 $34 $52

Woman dress

160 DKK 220 DKK 710 DKK
MINIMUM AVERAGE MAXIMUM
$23 $32 $100

Woman shoes

150 DKK 200 DKK 470 DKK
MINIMUM AVERAGE MAXIMUM
$22 $29 $69

Men's shoes

130 DKK 160 DKK 310 DKK
MINIMUM AVERAGE MAXIMUM
$19 $23 $46

Men suit

140 DKK 180 DKK 940 DKK
MINIMUM AVERAGE MAXIMUM
$21 $26 $140

Regular t-shirt

71 DKK 94 DKK 280 DKK
MINIMUM AVERAGE MAXIMUM
$10 $14 $41
Chart showing the prices and cost of housing, accommodation, and rent in Greenland


Housing costs / monthly rent


Studio apartment

2,400 DKK 3,500 DKK 9,400 DKK
MINIMUM AVERAGE MAXIMUM
$340 $520 $1,400

1-bedroom apartment

3,500 DKK 5,700 DKK 14,000 DKK
MINIMUM AVERAGE MAXIMUM
$520 $820 $2,100

2-bedroom apartment

4,700 DKK 7,100 DKK 19,000 DKK
MINIMUM AVERAGE MAXIMUM
$690 $1,000 $2,700

Housing costs / Buying


Studio apartment

470,000 DKK 710,000 DKK 1.4M DKK
MINIMUM AVERAGE MAXIMUM
$69,000 $100,000 $210,000

1-bedroom apartment

570,000 DKK 940,000 DKK 3.5M DKK
MINIMUM AVERAGE MAXIMUM
$82,000 $140,000 $520,000

2-bedroom apartment

940,000 DKK 2.8M DKK 5.7M DKK
MINIMUM AVERAGE MAXIMUM
$140,000 $410,000 $820,000
Chart showing the prices and cost of furniture in Greenland


Furniture Costs


King Size Bed

2,800 DKK 3,500 DKK 4,700 DKK
MINIMUM AVERAGE MAXIMUM
$410 $520 $690

Double Bed

1,900 DKK 2,800 DKK 3,500 DKK
MINIMUM AVERAGE MAXIMUM
$270 $410 $520

Single Bed

1,700 DKK 2,200 DKK 2,800 DKK
MINIMUM AVERAGE MAXIMUM
$240 $320 $410

Living Room

3,100 DKK 4,000 DKK 14,000 DKK
MINIMUM AVERAGE MAXIMUM
$460 $590 $2,100

Dining Table

1,400 DKK 1,900 DKK 3,500 DKK
MINIMUM AVERAGE MAXIMUM
$210 $270 $520

Sofa or Couch

1,900 DKK 2,600 DKK 5,700 DKK
MINIMUM AVERAGE MAXIMUM
$270 $370 $820
Chart showing the prices and cost of electronic devices and appliances in Greenland


Electronics and House Appliance Costs


TV Set

1,900 DKK 2,800 DKK 5,700 DKK
MINIMUM AVERAGE MAXIMUM
$270 $410 $820

Fridge or Freezer

1,700 DKK 2,600 DKK 3,500 DKK
MINIMUM AVERAGE MAXIMUM
$240 $370 $520

Washing Machine

2,200 DKK 3,100 DKK 5,700 DKK
MINIMUM AVERAGE MAXIMUM
$320 $460 $820

Stove or Cooker

2,000 DKK 2,600 DKK 3,500 DKK
MINIMUM AVERAGE MAXIMUM
$290 $370 $520

Mobile Phone

2,400 DKK 2,800 DKK 4,000 DKK
MINIMUM AVERAGE MAXIMUM
$340 $410 $590

Laptop or Computer

2,600 DKK 3,100 DKK 5,700 DKK
MINIMUM AVERAGE MAXIMUM
$370 $460 $820
Single person or Individual cost of living and expenditure to income ratio in Greenland

Single person expenditure to income ratio in Greenland

Analysing the how affordable it is for an individual to live in Greenland

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in. Individuals usually spend a larger chunk of their income than other population groups. A typical and healthy expenditure percentage for a single individual ranges between 70% to 80%.


Spending to Income Ratio

74%

66% to 83%

( expenditure / income ) x 100


Individuals in Greenland spend around 74% of their monthly income. Some individuals spend as low as 66% of their income while some as high as 83%.

Distribution of monthly cost of living expenses of a single person in Greenland

How do individuals spend their money in Greenland?

We asked thousands of individuals about their spending habits and expenditure break down.


The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.

Housing and accomodation expenditure for individuals

Accomodation Cost34%

34% of total expenses on average (22% to 46%)

LOW$140   930 DKK
AVERAGE$950   6,500 DKK
HIGH$6,300   44,000 DKK
Per Month

Individuals in Greenland typically spend from 22% to 46% of their total monthly expenditure on housing with 34% being the average. The average monthly spend on housing is 6,500 DKK with expenditure ranging from 930 DKK to 44,000 DKK. This cost mainly goes for rent but it also includes other accommodation-related expenses.

Electricity, utilities, energy, water, internet, and mobile expenditure for individuals

Cost of utilities7%

7% of total expenses on average (3% to 12%)

LOW$23   160 DKK
AVERAGE$160   1,100 DKK
HIGH$1,100   7,300 DKK
Per Month

Utility expenditure like electricity, water, and gas in Greenland ranges from 3% to 12% of total expenses with 7% being the average for most individuals. The average monthly cost of utilities is 1,100 DKK with 160 DKK and 7,300 DKK being the upper and lower limits for a single person.

Transport, fuel, and commute expenditure for individuals

Cost of transport and fuel7%

7% of total expenses on average (5% to 13%)

LOW$30   210 DKK
AVERAGE$210   1,500 DKK
HIGH$1,400   9,700 DKK
Per Month

Fuel consumption and cost of transport depend heavily on whether a single person resides near school and work, but roughly speaking a single person would expect to spend from 210 DKK to 9,700 DKK in a month on commuting with 1,500 DKK being the norm for most individuals. This means that money spent on transport constitutes about 7% of total spending on average but can go as low as 5% or as high as 13%.

Food, groceries, and basic shopping expenditure for individuals

Food and Groceries Cost17%

17% of total expenses on average (11% to 22%)

LOW$60   410 DKK
AVERAGE$420   2,900 DKK
HIGH$2,800   19,000 DKK
Per Month

The average outlay on groceries and basic houshold items for a typical person in a month in Greenland is 2,900 DKK. The cost of groceries can range between 410 DKK to 19,000 DKK. Individuals spend on average about 17% on food and groceries with upper and lower bounds of 11% and 22% respectively.

Healthcare and medical services expenditure for individuals

Cost of healthcare10%

10% of total expenses on average (4% to 14%)

LOW$34   230 DKK
AVERAGE$240   1,600 DKK
HIGH$1,600   11,000 DKK
Per Month

Individuals in Greenland allocate 4% to 14% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 10%. The range of medical expenses range from 230 DKK to 11,000 DKK with 1,600 DKK being the norm for most individuals.

Leisure and shopping expenditure for individuals

Cost of leisure and shopping4%

4% of total expenses on average (3% to 7%)

LOW$19   130 DKK
AVERAGE$130   910 DKK
HIGH$880   6,100 DKK
Per Month

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 130 DKK to 6,100 DKK with 910 DKK being the average. Speaking of percentages, that equates to 3% to 7% of total expenses with an average of 4% for most individuals.

Education and schooling expenditure for individuals

Cost of education and schooling2%

2% of total expenses on average (1% to 4%)

LOW$7.5   52 DKK
AVERAGE$53   360 DKK
HIGH$350   2,400 DKK
Per Month

Spending on education can vary drastically between different individuals. On average, education constitutes 2% of the monthly expenditure of individuals with 1% and 4% being the lower and upper bounds respectively. The average reported education cost is 360 DKK per month with 52 DKK being the minimum spent amount and 2,400 DKK being the maximum.

Other Expenses19%

19% of total expenses on average (11% to 23%)

LOW$68   470 DKK
AVERAGE$480   3,300 DKK
HIGH$3,200   22,000 DKK
Per Month
Percentage of individuals who manage to save money from their income every month in Greenland

What percentage of individuals in Greenland are able to save money and how much can they save?


Percentage of individuals that reported their ability to save money


Saving Money
73%
Not Saving
28%

Almost 73% of surveyed individuals in Greenland said that they can save some money at the end of each month while 28% reported that they have to utilize their whole income to survive.


A single person savings to income ratio in Greenland

Savings-to-Income Ratio

The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.


How much money do individuals manage to add to their savings?

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.

Saving to Income Ratio

15% 24% of income 34%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

820 DKK
$120
7,400 DKK
$1,100
49,000 DKK
$7,100
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for individuals

Saving To Income Ratio% Individuals
0% - 10%29%
10% - 20%23%
20% - 30%16%
30% - 40%16%
40% - 50%12%
> 50%4%

Interpretation and Analysis

Individuals that are able to save money can put anywhere from 15% to 34% of their monthly income to their savings, with 24% being the average for most individuals. The average monthly amount of money that individuals can put aside is 7,400 DKK with 820 DKK and 49,000 DKK being the minimum and maximum respectively.

Reasons that make it difficult for individuals to save money in Greenland

Saving Challenges in Greenland

Reasons that make it difficult for individuals to save money

We wanted to understand what is stopping people from maximizing their savings in Greenland. Listed below are the answers given by the survey participants.


Reason% People
Low Income7%
High Expenses10%
Debt and Loans20%
Lack of Budgeting Skills10%
Impulsive Spending8%
Financial Emergencies6%
Living the moment7%
Will do it later16%
Inflation10%
Social Pressure4%
Market Instability3%

Around 7% of the individuals said that their salary is too low to accommodate a portion for savings while 10% said that the high cost of living leaves little room for savings. 20% of the residents said that they are burdened with debt and find it challenging to save money. 10% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 8% of individuals blamed impulsive spending as the reason for saving inability. Around 6% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 7% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 16% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 10% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 4% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.

Where do individuals choose to put their savings in Greenland

Typical saving choices for individuals in Greenland

Where do people choose to put their savings?


Saving Type% People
Emergency Funds10%
Gold9%
Savings Accounts18%
Retirement Accounts12%
Cash Savings14%
Real Estate10%
Investment6%
Stocks7%
Bonds7%
Mutual Funds3%
Certificates of Deposit4%
A typical and healthy budgeting structure. The 50-30-20 rule

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

  • 50% for needs and financial obligations

    This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

  • 30% for wants and discretionary spending

    This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

  • 20% for savings and emergency fund

    This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

Income and cost of living compatibility. Is it affordable or economical for individuals to live in Greenland

Affordable living in Greenland

Income and cost of living compatibility

We asked individuals one simple question and recorded their answers.

Is it affordable or economical to live in Greenland?


Yes
78%
No
22%

Around 78% of surveyed individuals think that living in Greenland is affordable with proper budgeting while 22% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting for individuals. Are there plenty of low-cost options in Greenland

Low-cost alternatives in Greenland

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked individuals how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options62%

Few low-cost options38%


Based on the survey, 62% of the individuals living in Greenland have no problem finding low-cost alternatives to support a frugal lifestyle while 38% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds For Individuals

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked individuals of Greenland whether they have an emergency fund and the answers were as follows.

Yes77%

No23%


Based on the survey, 23% of the individuals living in Greenland said that they don't have an emergency fund while 77% said that they do.

Financial literacy and difficulty in budgeting and financial planning for individuals in Greenland

Financial Literacy in Greenland

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy73%


We asked individuals in Greenland whether they acquired any adequate personal financial training in their lives. Approximately 27% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 73% said that they know about the general principles of personal finance from sources other than their own experience.


Difficulty in Budgeting and Financial Planning

We wanted to understand whether single people of Greenland have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 21% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 79% said that they have everything under control.

Struggles with finance21%

Easily manages finances79%

Financial goals and targets of single people living in Greenland

Financial goals of individuals in Greenland

In an attempt to understand the economic situation in Greenland, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.


Financial Goal% People
Emergency Fund6%
Debt Reduction29%
Retirement Savings7%
Education Funding9%
Homeownership16%
Investing10%
Travel or Lifestyle12%
Healthcare Expenses7%
Financial Independence10%

Around 6% of individuals said that their main goal is to establish an emergency fund to cover unexpected expenses while 29% said their number one priority is to pay off high-interest debt or loans and improve credit. 7% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 9% reported that their priority is saving for the tuition fees and education costs of their children while 16% choose to buy a home or pay off existing mortgage before other things. 10% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 12% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 7% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Chart showing the percentage of individuals who are in debt in Greenland

Debt, loans, and mortgages in Greenland


Percentage of individuals who are in debt


In Debt
24%
Debt Free
76%

According to the survey, 24% of the individuals in Greenland have some kind of debt, loan, mortgage, or credit card payments while 76% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Greenland

Debt-to-income ratio in Greenland

Debt to income ratio

27%

18% to 37%

( monthly debt payment / monthly income ) x 100

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 27% of a single person's monthly income in Greenland goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%2%
50% - 60%9%
40% - 50%10%
30% - 40%12%
20% - 30%17%
10% - 20%21%
0% - 10%29%

According to our data, 2% of the debtors in Greenland pay 60%+ of their income as debt settlement while 9% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 10% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 12% dedicated 30% to 40% of income for same. Things are looking brighter for 17% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Greenland

Debt% People
Real Estate Mortgage15%
Auto Loan25%
Student Loan3%
Credit Card23%
Personal Loan34%

15% of debtors in Greenland confirm that real estate mortgages constitutes the main part of their outstanding debt while 23% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 25% of people and personal loans rose at 34%. Lastly, student loans are the main source of debt for 3% of debtors in Greenland.


About credit score and debt management

Managing debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.


Loan Affordability Index in Greenland

Besides measuring the loan-to-income ratio, we asked individuals of Greenland how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Frequency% People
Never57%
Once a year21%
Twice a year11%
Three times a year8%
Four times a year3%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Greenland

Housing costs, accommodation, and housing affordability in Greenland

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Greenland

Monthly Rent Prices

Studio apartment monthly rent cost

2,400 DKK 3,500 DKK 9,400 DKK
MINIMUM AVERAGE MAXIMUM
$340 $520 $1,400

1-bedroom apartment monthly rent cost

3,500 DKK 5,700 DKK 14,000 DKK
MINIMUM AVERAGE MAXIMUM
$520 $820 $2,100

2-bedroom apartment monthly rent cost

4,700 DKK 7,100 DKK 19,000 DKK
MINIMUM AVERAGE MAXIMUM
$690 $1,000 $2,700

3-bedroom apartment monthly rent cost

5,700 DKK 9,400 DKK 26,000 DKK
MINIMUM AVERAGE MAXIMUM
$820 $1,400 $3,700

Furnished apartment monthly rent cost

11,000 DKK 28,000 DKK 57,000 DKK
MINIMUM AVERAGE MAXIMUM
$1,600 $4,100 $8,200

Townhouse monthly rent cost

9,400 DKK 14,000 DKK 40,000 DKK
MINIMUM AVERAGE MAXIMUM
$1,400 $2,100 $5,900

House monthly rent cost

11,000 DKK 28,000 DKK 57,000 DKK
MINIMUM AVERAGE MAXIMUM
$1,600 $4,100 $8,200

Villa monthly rent cost

14,000 DKK 35,000 DKK 57,000 DKK
MINIMUM AVERAGE MAXIMUM
$2,100 $5,200 $8,200

The monthly rental cost of a studio apartment in Greenland ranges between 2,400 DKK and 9,400 DKK, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 3,500 DKK to 14,000 DKK. Two-bedroom rentals rate ranges between 4,700 DKK and 19,000 DKK per month. The monthly rental for a three-bedroom apartment ranges from 5,700 DKK to 26,000 DKK. The average rent of a townhouse in Greenland is around 14,000 DKK while house rental costs can be as high as 28,000 DKK per month. Finally, if you want to rent a villa, expect to pay anywhere from 14,000 DKK to 57,000 DKK per month.



Apartment and house prices in Greenland

Cost of buying a property

Studio apartment price

470,000 DKK 710,000 DKK 1.4M DKK
MINIMUM AVERAGE MAXIMUM
$69,000 $100,000 $210,000

1-bedroom apartment price

570,000 DKK 940,000 DKK 3.5M DKK
MINIMUM AVERAGE MAXIMUM
$82,000 $140,000 $520,000

2-bedroom apartment price

940,000 DKK 2.8M DKK 5.7M DKK
MINIMUM AVERAGE MAXIMUM
$140,000 $410,000 $820,000

3-bedroom apartment price

3.1M DKK 4.7M DKK 14M DKK
MINIMUM AVERAGE MAXIMUM
$460,000 $690,000 $2.1M

Townhouse price

4M DKK 9.4M DKK 35M DKK
MINIMUM AVERAGE MAXIMUM
$590,000 $1.4M $5.2M

House price

4.7M DKK 28M DKK 40M DKK
MINIMUM AVERAGE MAXIMUM
$690,000 $4.1M $5.9M

Villa price

5.7M DKK 31M DKK 47M DKK
MINIMUM AVERAGE MAXIMUM
$820,000 $4.6M $6.9M

The average price of a studio apartment in Greenland can range from 470,000 DKK to 1.4M DKK depending on location. One bedroom cost can be anywhere from 570,000 DKK to 3.5M DKK. A villa can cost you 31M DKK on average with prices ranging from 5.7M DKK to 47M DKK.


If you're leasing or purchasing, housing costs in Greenland will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.

House / apartment prices to income ratio


Property price to income ratio

( average property price / average monthly income ) x 100


44 x129 monthly income 217
MINIMUM AVERAGE MAXIMUM

Property prices in Greenland can be x129 to x217 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x129 multiples of the average monthly salary in Greenland.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


23% 33% of income 43%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Greenland is around 33%. This means that people pay 33% of their income for rent. Those figures can range from 23% to 43% depending on the salary, location, and type of property.


The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Housing Affordability Index
31%

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.


FROM
2.3%
AVERAGE
3.3%
TO
4.3%

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.


40 DKK 520 DKK 5,200 DKK
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

Monthly costs and expenses of energy and basic utilities in Greenland

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in Greenland

Utility Bill Cost / Electricity + Water + Gas / A single person

160 DKK 1,100 DKK 7,300 DKK
MINIMUM AVERAGE MAXIMUM
$23 $160 $1,100

Internet and cable cost

140 DKK 280 DKK 380 DKK
MINIMUM AVERAGE MAXIMUM
$21 $41 $55

Mobile phone bill and charges

110 DKK 190 DKK 570 DKK
MINIMUM AVERAGE MAXIMUM
$16 $27 $82

Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.


The average monthly energy and water consumption of individuals is around 1,100 DKK. The cost of internet and WiFi ranges from 140 DKK to 380 DKK with 280 DKK being the average internet bill. Finally, the average monthly mobile charges is around 190 DKK but can range between 110 DKK and 570 DKK depending on consumption. Mobile charges include both calling minutes as well as data packages.


Energy / Utility expense to income ratio


( monthly utility expenses / monthly income ) x 100


2% 5% of income 9%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Greenland is around 5%. This means that people pay 5% of their income for energy, water, internet, and mobile charges. Those figures can range from 2% to 9% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Greenland

Grocery / Food expenditure and prices can vary drastically between different areas and locations.


Prices and cost of goods and services in Greenland

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

28 DKK 57 DKK 94 DKK
MINIMUM AVERAGE MAXIMUM
$4.1 $8.2 $14

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Greenland is approximatly 57 DKK with meal cost ranging from 28 DKK to 94 DKK. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

94 DKK 140 DKK 280 DKK
MINIMUM AVERAGE MAXIMUM
$14 $21 $41

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 94 DKK and 280 DKK with 140 DKK being the average price of a plate for one person at a regular restaurant in Greenland.

Fine dining meal for one price

190 DKK 280 DKK 1,100 DKK
MINIMUM AVERAGE MAXIMUM
$27 $41 $160

The price range of a meal at fine-dining restaurant is 190 DKK to 1,100 DKK with the average cost being 280 DKK for one person. This is what you would expect to pay a top-tier diner in Greenland.

Beverage prices, cappuccino, latte etc..

24 DKK 38 DKK 57 DKK
MINIMUM AVERAGE MAXIMUM
$3.4 $5.5 $8.2

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Greenland is around 38 DKK. Price ranges between 24 DKK and 57 DKK depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

19 DKK 23 DKK 28 DKK
MINIMUM AVERAGE MAXIMUM
$2.7 $3.3 $4.1

The average price of a large bottle of milk in Greenland is 23 DKK. The maximum what you would pay for milk is 28 DKK and the minimum being 19 DKK depending on the brand of milk and other properties.

12 eggs price

14 DKK 19 DKK 28 DKK
MINIMUM AVERAGE MAXIMUM
$2.1 $2.7 $4.1

A dozen eggs costs around 19 DKK on average with 14 DKK and 28 DKK being the lower and upper limits respectively.

Fresh whole chicken price

32 DKK 42 DKK 59 DKK
MINIMUM AVERAGE MAXIMUM
$4.7 $6.1 $8.6

The price range of a fresh whole chicken in Greenland is between 32 DKK and 59 DKK depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 42 DKK.

Pack of beef price

38 DKK 57 DKK 110 DKK
MINIMUM AVERAGE MAXIMUM
$5.5 $8.2 $16

The price of a regular pack of beef or meat is around 57 DKK. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

15 DKK 21 DKK 30 DKK
MINIMUM AVERAGE MAXIMUM
$2.2 $3 $4.3

A bag of rice in Greenland costs around 21 DKK on average with prices rangeing between 15 DKK and 30 DKK depending on the brand and quality.

Bag of tomatos price

5.7 DKK 7.6 DKK 14 DKK
MINIMUM AVERAGE MAXIMUM
$0.82 $1.1 $2.1

A bag of tomatoes costs anywhere from 5.7 DKK to 14 DKK. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

10 DKK 13 DKK 22 DKK
MINIMUM AVERAGE MAXIMUM
$1.5 $1.9 $3.2

A bag of apples costs 13 DKK on average. A bag of apples denotes 1Kg or 1lb depending on location.


Grocery and food expenditure to income ratio


( monthly grocery expenses / monthly income ) x 100


17% 25% of income 31%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Greenland is around 25%. This means that individuals spend 25% of their income on grocery and basic household items. The expenditure can range from 17% to 31% depending on salary and location.


Expenditure on food and grocery for individuals

Individuals' spending on grocery ranges from 410 DKK to 19,000 DKK with the location, income being the most determinite factors.

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