Reason #12 - Aalborg is Value for Your Money
Invest in Aalborg
Explore our tiny metropolis and discover the many possibilities when you choose Aalborg as your business destination.
Aalborg is low on cost, high on purchasing power and offers an outstanding quality of life.
Aalborg is the most affordable among the big cities in Denmark according to Numbeo's Cost of Living Index. Your money simply goes further in Aalborg.
When you combine this with excellent scores on safety, health care, climate, traffic, pollution, and ‘property price to income ratio’, you have a winning formula.
But don't just take our word for it. Let's dig into the numbers from Numbeo and look at Aalborg compared to other Danish and European cities.
So Aalborg is…
Aalborg, located in the northern part of Denmark, is sometimes overlooked because of the two biggest cities in the country, Copenhagen and Aarhus. What many don't realize is that Aalborg is actually the most cost-effective and livable city in Denmark - and a great place to establish a company, hub or subsidiary. According to Numbeo's Cost of Living Index, Aalborg is the cheapest among the big cities in Denmark and has a very high quality of life.
Cost of Living Comparison:
According to Numbeo, the Cost of Living Index in Aalborg is 75.98, which is significantly lower than in the Danish capital of Copenhagen at 79.33, but also the second largest city, Aarhus (77.52).
On a European scale the Danish cities all appear in the more expensive end, but looking at comparative cities with similar societies and structures like Switzerland, Norway Finland, Portugal and Sweden, Aalborg is still very competitive with regards to Cost of Living.
Property Price to Income Ratio
Property Price to Income Ratio is a fundamental measure for apartment purchase affordability, where a lower ratio indicates better affordability. When comparing Aalborg to Aarhus and Copenhagen you’ll see quite the difference, despite the relatively small size of Denmark as a country. Aalborg has a score of 5.57 whereas Aarhus has a 7.29 score and Copenhagen 8.98. Meaning, you get a lot more for your salary in Aalborg, which has a great influence on the Quality of Life Index Score which we will discuss later.
In a European context, Aalborg has a Top 20 position among all the represented European cities on the list (+220) and when we compare them to the same cities as before, Aalborg is at the top:
Quality of Life:
Now it gets interesting! The parameters above are all connected to the Quality of Life Score. According to Numbeo the rating for Aalborg hits 196.47 - among the highest in all of Europe.
Quality of Life Index is an estimation of overall quality of life using an empirical formula which takes into account purchasing power index (higher is better), pollution index (lower is better), house price to income ratio (lower is better), cost of living index (lower is better), safety index (higher is better), health care index (higher is better), traffic commute time index (lower is better) and climate index (higher is better).
The Numbeo scores on Aalborg:
Safety Index (High is better)
领英推荐
Health Care Index (High is better)
Climate Index (High is better)
Cost of Living Index (Low is better)
Property Price to Income Ratio (Low is better)
Traffic Commute Time Index (Low is better)
Pollution Index (Low is better)
The Numbeo database is the world's largest user-contributed database of cities and countries. It provides the latest information on housing, health care, pollution, traffic, crime, and the cost of living around the world.
Conclusion
In Denmark in general, you’ll find a great quality of life along with an excellent selection of other features. Denmark is often found among the best in the world in several different rankings, like the most competitive economy in the world(IMD), Least corrupt country in the world(CPI), Greenest country in the world(EPI) - and the recently published World Happiness Report, where Denmark once again was 2nd in the World.
What sets Aalborg apart from the rest of the country is the unique opportunities that exist here - in our pocket-sized metropolis.
It's the size, the location, the history, the people and the pace.
Sneak Peak at #11
Get excited for next week as we unveil reason #11 - Aalborg is a living lab for Green Innovation!
Top 5 reasons…and 20 more to Invest in Aalborg.
You are reading a different type of newsletter - a limited-edition actually. A countdown of the 25 BEST reasons to Invest in Aalborg.
A chance for the world to get to know Aalborg and for locals to rediscover our wonderful city. What are you waiting for, hit Subscribe!