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.
Most comparisons of Denmark look at one number at a time. This page gathers the figures that matter for working, buying a home, paying bills and retiring in Denmark, so you can see them together and see how Denmark compares. Each section links to our full guide for that topic, which covers every country and lists the original sources, and each dataset can be downloaded free.
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.
Full table for every country, with sources: Minimum Wage by Country 2026: Hourly and Monthly Rates in US Dollars. Download the data (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.
Full table for every country, with sources: Income Tax by Country 2026: How Much of Your Salary You Keep in 38 Countries. Download the data (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.
Full table for every country, with sources: Electricity Prices by Country 2026: What Households Pay per kWh, and What the Iran War Means for Bills. Download the data (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.
Full table for every country, with sources: Petrol Prices Since the Iran War: How Much They Have Risen in 35 Countries. Download the data (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.
Full table for every country, with sources: Retirement Age by Country 2026: State Pension Ages in 39 Countries. Download the data (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%.
Full table for every country, with sources: State Pension Amounts by Country 2026: How Much Retirees Actually Get. Download the data (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.
Full table for every country, with sources: Deposit Insurance Limits by Country 2026: How Much of Your Money Is Protected. Download the data (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.
Full table for every country, with sources: Inheritance Tax by Country 2026: Thresholds, Rates and Who Pays. Download the data (CSV).
Frequently Asked Questions
Does Denmark have a minimum wage?
No. Denmark has no national minimum wage set by law; minimum pay is agreed sector by sector in collective agreements.
How much tax do you pay in Denmark?
On the average wage, income tax plus employee social security in Denmark take 35.3% of gross pay, so a single worker keeps 65% (OECD average: 25.1%).
How much does electricity cost in Denmark?
Household electricity in Denmark costs about €0.237 per kWh (about $0.27), 16th cheapest of 33 countries.
How much has petrol gone up in Denmark?
Petrol in Denmark has risen 34.4% since February 2026, from €1.94/L to €2.60/L.
What is the retirement age in Denmark?
The state pension age in Denmark is 67 in 2026, with the earliest claim at Early pension for worn-out workers. Legislated change: 68 (2030), 69 (2035), 70 (2040).
How much is the state pension in Denmark?
In Denmark, mandatory pensions replace about 77.1% of an average earner's net pay after a full career, against an OECD average of 63.2%.
How much money is insured in a bank in Denmark?
Deposits in Denmark are insured up to €100,000 per person, per bank.
Is there inheritance tax in Denmark?
Yes. Children can inherit About DKK 340,000 tax-free in Denmark; above that the top rate for children is 15%.
Compare Denmark With Other Countries
See every country side by side in Compare Countries 2026: Minimum Wage, Tax, Mortgage Rates, Energy and Pension Age in 35 Countries, or open a country page: Australia, Austria, Belgium, Brazil, Canada, China, Czechia, Estonia, Finland, France, Germany, Greece, India, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, the United Kingdom, the United States.
Related Guides
- Minimum Wage by Country 2026: Hourly and Monthly Rates in US Dollars
- Income Tax by Country 2026: How Much of Your Salary You Keep in 38 Countries
- Electricity Prices by Country 2026: What Households Pay per kWh, and What the Iran War Means for Bills
- Petrol Prices Since the Iran War: How Much They Have Risen in 35 Countries
- Retirement Age by Country 2026: State Pension Ages in 39 Countries
- State Pension Amounts by Country 2026: How Much Retirees Actually Get
- Deposit Insurance Limits by Country 2026: How Much of Your Money Is Protected
- Inheritance Tax by Country 2026: Thresholds, Rates and Who Pays
- How Much Emergency Fund Do You Need? (With Calculator)
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.
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