🏢

Rent Budget Calculator

Evaluate how much of your net income goes to rent, utilities and insurance, and see your remaining disposable income.

🇩🇰 All calculations are based on Danish rules, rates, and currency (DKK). This calculator is translated for convenience but applies exclusively to Denmark.

Rent Budget Calculator for Tenants in Denmark

Renting in Denmark can be expensive, especially in cities like Copenhagen and Aarhus. This calculator helps you understand the true cost of renting by combining your monthly rent with utility expenses and insurance. Financial advisors in Denmark generally recommend that total housing costs should not exceed 30-35% of your net income.

Why Track Your Rent-to-Income Ratio?

Knowing what percentage of your income goes to housing is essential for sound financial planning. If your housing costs eat up too much of your salary, you may struggle to save, invest or handle unexpected expenses. This calculator shows the total monthly housing expense and the share of your income it represents, so you can make informed decisions about where to live.

Improving Your Housing Budget

If the results show that your housing costs are above the recommended threshold, consider looking for a cheaper area, applying for boligstøtte (housing allowance), or finding ways to reduce utility consumption. Every small saving adds up over a year.

Frequently Asked Questions

What is the 50/30/20 rule?

In short, you divide your income (after tax) into three categories: 50% for fixed expenses, 30% for fun, and 20% for your future. This is a widely used budgeting rule that helps ensure you balance necessities, lifestyle and savings.

How much rent is allowed per m2?

Regardless of location, landlords as a rule may not charge more than 500-700 kr per square metre per year if the apartment has not been modernised with a new kitchen and bathroom. If modernised, landlords may charge 900-1,100 kr per square metre per year.

How much can two people live on per month?

A recommended disposable amount for 2 adults living together is between 8,500 and 10,000 kr per month. That is 4,250-5,000 kr per person, less than the recommended amount for singles. Cohabiting adults have financial advantages because they share expenses.

When is rent too high?

A rule of thumb is that if your rent exceeds 750 kr/m2 per year and you do not live in a building constructed after 1992, your rent is most likely too high.

What should you remember when making a budget?

Always base your budget on your current income. Expenses cover a range of items and are often divided into fixed and variable costs. Fixed expenses include rent, loan payments and interest, insurance, union membership, and electricity, gas and water bills.

Sources