MINIMUM AND AVERAGE SALARY IN DENMARK

The Kingdom of Denmark is a small country in the North of Europe with a developed high-tech economy, a reliable social security system and a flexible labor market that allows qualified applicants from different countries to find jobs in Danish companies and effectively integrate into the local professional environment. Denmark has the highest living standards and average salaries in the European Union.

Salary in Denmark

Many reputable publications, including the Doing Business agency, note that it is easier and more profitable to open and run a business in Denmark than in most countries of the world. Unemployment in the country is only 2-3%. Danish universities provide quality education based on modern teaching methods, so the local labor force is highly qualified, motivated and productive. Next, let's find out what is the minimum and average salary in Denmark in 2024.

Minimum salary in Denmark

The structure of the Danish labor market differs from many developed countries. In particular, there is little regulation and government intervention in various aspects of labor relations. There is no official minimum wage in Denmark. The rates are set in collective agreements between employers and trade unions, which cover about 80-90% of local workers.

The level of minimum wage in Denmark depends on the complexity of the work, age, experience and qualification of the specialist. Collective agreements provide for both hourly and monthly remuneration. The standard working week lasts 37 hours (7.5 hours per day). Upon reaching the age of 18, the salaries of Danes increase by 40% on average.

On a national average, taking into account the different industries in the public and private sector, the minimum wage in Denmark in 2024 is 110 Danish kroner per hour (about 15 euros), which is more than 2,000 euros monthly. Compared to other EU countries, this is a very good figure. But you need to take into account the high cost of living and income tax rates in Denmark, which reach 52.07%.

Average salary in Denmark

According to official data from the Danish Statistical Office, the average salary in Denmark in 2024 is 38,854 kroner per month before taxes, which at the current exchange rate is equivalent to 5,215 euros. After all mandatory deductions, local workers are left with about 3,100 euros. In other Scandinavian countries, incomes (gross) are slightly lower. For example, the average salary in Norway is NOK 53,150 (about EUR 4,705), in Sweden NOK 43,200 (about EUR 3,870), and in Finland EUR 3,548.

Over the past year, the highest wage growth in Denmark was recorded for employees of social institutions at the municipal and regional level – 3.4%, while in the business sector the increase amounted to only 1%. Among the Danish regions the highest earners are residents of Hovedstaden (metropolitan area) – 43,366.22 kroner, and the lowest income in Northern Jutland – 36,534.51. Men in Denmark earn an average of 42,328.81 kroner per month and women about 36,578.71.

SALARY IN DENMARK BY OCCUPATION

Occupation Kroner per month Euros per month
Company managers 101,332.53 13,595
Doctors 69,238.74 9,290
Pharmacists 63,617.55 8,535
Financial analysts 62,331.81 8,365
Lawyers 60,341.41 8,095
Dentists 58,467.41 7,845
Engineers 55,296.45 7,420
Scientists 53,678.63 7,200
Programmers 53,669.35 7,200
Accountants 53,046.71 7,120
Journalists 48,232.13 6,470
Teachers in secondary schools 46,467.04 6,235
Teachers in higher education 44,891.20 6,020
Nurses 38,676.90 5,185
Janitors (garbage collectors) 34,452.13 4,615
Builders (masons, joiners, carpenters) 33,759.94 4,530
Security guards 31,601.05 4,240
Specialists in agriculture 29,383.80 3,940
Drivers 27,977.16 3,750
Sellers (retail trade) 24,834.64 3,330

Average salary in Denmark

SALARY IN DENMARK BY ECONOMIC SECTOR

Sector of economy Kroner per month Euros per month
Financial and insurance activities 55,385.01 7,430
Supply of electricity, gas, steam and air conditioning 53,156.70 7,130
Information and communication 50,853.30 6,815
Professional, scientific and technical activities 48,523.30 6,510
Mining and quarrying 47,559.72 6,380
Business services 41,214.25 5,530
Manufacturing 41,131.27 5,520
Public administration 40,959.20 5,495
Education 40,674.61 5,460
Real estate operations 39,217.94 5,265
Transportation and storage 37,967.83 5,095
Water supply, sewerage and waste management 37,806.24 5,075
Wholesale and retail trade 37,307.62 5,005
Construction 37,186.24 4,990
Fishing, agriculture and forestry 35,939.77 4,820
Arts, entertainment and recreation 35,289.01 4,735
Health care and social work 34,829.23 4,675
Tourism and cleaning services 33,411.72 4,485
Accommodation and food services 27,788.60 3,725
Other services 41,079.34 5,515

Payroll taxes in Denmark

The Danish tax system is one of the most transparent and efficient in the world. Mandatory deductions from salaries are provided at the state and municipal level for both residents and non-residents who perform labor activity on the Danish territory. The marginal amount may vary slightly (within 1-2%) depending on the municipality in which the taxpayer resides.

Income tax in Denmark in 2024 – progressive rate reaches 52.07%

Structure of payroll taxes in Denmark

  • State taxes – 12.1% (prime rate) and 15% if annual income is above 588,900 kroner

  • Municipal taxes – 24.982% (average)

  • Labor market tax – 8%

In some cases, temporary employees from abroad are charged a reduced income tax rate of 30%. In aggregate, total deductions on income in Denmark should not exceed 52.07%. However, church contribution, labor market tax, shares and property are not taken into account here.

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