Updated 25 October 2026
Quick answer: In Denmark in 2026, there is no national minimum wage (pay floors are set by collective agreements); an average earner keeps 65% of their pay after income tax and social security; household electricity costs €0.237 per kWh; petrol is €2.60/L, up 34.4% since February; the state pension age is 67. The table below puts 8 everyday money measures for Denmark side by side and ranks each one against the other countries in our data, using official figures from national statistics offices, central banks, the OECD and Eurostat.
Against the other countries in our data, Denmark stands out here: its state pension age, 67, is the 4th highest of 39 countries; its tax on an average wage, 35.3% (keeps 65%), is the 5th highest of 38 countries. It sits nearer the middle for household electricity price. It has no minimum wage.
Denmark at a Glance
| Measure | Denmark | Rank |
|---|---|---|
| Minimum wage | None by law (collective agreements) | — |
| Tax on an average wage | 35.3% (keeps 65%) | 5th highest of 38 |
| Electricity (household) | €0.237/kWh (≈ $0.27) | 16th lowest of 33 |
| Petrol price | €2.60/L (+34.4% since Feb) | Highest of 29 |
| State pension age | 67 | 4th highest of 39 |
| Pension (share of pay) | 77.1% of net pay | 16th highest of 50 |
| Bank deposit protection | €100,000 per person, per bank | — |
| Inheritance tax (children) | top rate 15% | — |
Rank compares Denmark with the other countries in each dataset; "highest" means the largest value. "—" means the measure isn't ranked.
Minimum Wage in Denmark (2026)
Denmark has no statutory national minimum wage. Pay floors are set sector by sector in collective agreements between unions and employers, which cover most workers and are often higher than the legal minimums of neighbouring countries.
All countries compared · Download CSV
Income Tax and Take-Home Pay in Denmark
A single worker on the average wage in Denmark (about $88,000 at purchasing-power parity) pays 35.3% of gross pay in income tax and employee social security, so they keep 65%. That is 5th highest of 38 countries, against an OECD average of 25.1%.
Income tax and employee social security take 35.3% of pay at the average wage, 32.5% at two-thirds of it and 41.6% at 1.67 times it. Including employer contributions, the total tax wedge is 35.8% of labour costs.
All countries compared · Download CSV
Electricity Prices in Denmark
Households in Denmark pay about €0.237 per kWh of electricity (about $0.27), 16th cheapest of 33 countries; the EU average is €0.283. Change: −28.3% vs late 2025.
Household gas: €0.121 per kWh. Typical household using 2,500–5,000 kWh a year, all taxes included, January–June 2026.
All countries compared · Download CSV
Petrol Prices in Denmark Since the Iran War
Petrol in Denmark costs €2.60/L (week of 19 October 2026), up 34.4% from €1.94/L in the week before the Iran war began. It peaked at €2.66/L (12 Oct). At about $2.92 a litre it is the most expensive of 29 countries we compare, and the rise is 6th largest of 29 countries.
All countries compared · Download CSV
Retirement Age in Denmark
The state pension age in Denmark is 67 for people reaching it in 2026; the earliest you can claim is Early pension for worn-out workers. Future change: 68 (2030), 69 (2035), 70 (2040). A May 2025 law sets 70 for people born after 31 December 1970, the highest in Europe.
All countries compared · Download CSV
How Much the State Pension Pays in Denmark
A full-career average earner in Denmark can expect a mandatory pension worth about 77.1% of their previous net pay, 16th most generous of 50 countries (OECD average 63.2%). Low earner (half the average wage): 117%. High earner (twice the average): 64%.
All countries compared · Download CSV
How Much of Your Money Is Protected in Denmark
Bank deposits in Denmark are protected up to €100,000 per depositor, per bank (about $111,900), the limit set by EU law for every member state. Harmonised by EU law; local-currency equivalent outside the euro. Money in payment apps and e-money wallets is usually not covered.
All countries compared · Download CSV
Inheritance Tax in Denmark
Denmark has estate duty. Children can receive About DKK 340,000 tax-free, and the top rate for children is 15%, 12th highest of 28 countries. Flat 15% above the exemption for children; spouses exempt.
All countries compared · Download CSV
Denmark vs Finland, Norway and Sweden
The same measures for Denmark and its nearest neighbours in our data, side by side.
| Measure | Denmark | Finland | Norway | Sweden |
|---|---|---|---|---|
| Minimum wage | None by law (collective agreements) | None by law (collective agreements) | None by law (collective agreements) | None by law (collective agreements) |
| Tax on an average wage | 35.3% (keeps 65%) | 30.7% (keeps 69%) | 28.1% (keeps 72%) | 22.6% (keeps 77%) |
| Electricity (household) | €0.237/kWh (≈ $0.27) | €0.269/kWh (≈ $0.30) | €0.199/kWh (≈ $0.22) | €0.306/kWh (≈ $0.34) |
| Petrol price | €2.60/L (+34.4% since Feb) | €2.33/L (+35.8% since Feb) | — | €1.64/L (+14.4% since Feb) |
| State pension age | 67 | 65 (national pension) | 67 | 67 (guarantee pension) |
| Pension (share of pay) | 77.1% of net pay | 65.7% of net pay | 54.9% of net pay | 66.3% of net pay |
| Bank deposit protection | €100,000 per person, per bank | €100,000 per person, per bank | NOK 2 million per person, per bank | €100,000 per person, per bank |
| Inheritance tax (children) | top rate 15% | — | None | None |
Compare Denmark With Other Countries
See every country side by side in Compare Countries 2026: Wages, Tax, Mortgages and Pensions, or compare Denmark with nearby countries in our data: Finland, Norway and Sweden.
Related Guides
Figures checked against the official sources listed in each linked guide in October 2026. Exchange-rate conversions are approximate. This page is for information and isn't financial or legal advice.
0 Comments
Thanks for reading my blog,please read other topics my blog also!!!