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These days, finding an affordable place to live in the Copenhagen area can be challenging. Home prices in Copenhagen are now at a median cost of $189,633, lower than the New York average of $610,895.
The average cost of rent is $918/mo in Copenhagen, primarily driven by the current value of real estate in the Copenhagen area. In Copenhagen, 22.85% of households rent, and 47.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Copenhagen is $6,327 per month. Households that rent pay about 14.51% of their income on rent here. Copenhagen’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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