Exploring the Cost of Living in Greenland: Is it Affordable?

The Ultimate Guide to Living in Greenland: Is Greenland Cheap to Live?

Welcome to the land of ice and snow, where the Northern Lights dance above and glaciers as old as time itself loom in every direction. Greenland is one of the world’s last great wildernesses, a place where time moves a little slower and nature reigns supreme. But for those considering a move to this otherworldly location, the cost of living is a major concern. In this article, we will explore the question at the forefront of every potential resident’s mind: Is Greenland cheap to live?

Cost of Living in Greenland

It’s worth noting that Greenland is one of the most expensive places to live in the world. The island’s remote location and harsh climate mean that everything from furniture to food needs to be shipped in, driving up prices significantly. While wages in Greenland are generally high, the cost of living can offset those benefits, especially in the capital city of Nuuk.

For example, renting a one-bedroom apartment in Nuuk will likely cost around $1,200-$1,500 per month. Groceries, clothing, and dining out are also expensive, with prices often double what you would pay in North America or Europe.

However, there are some offsetting factors to consider. In Greenland, there is no value-added tax (VAT), so the sticker price on goods is the actual price you pay. Additionally, healthcare and education are free to everyone, including foreigners. And while the cost of living may be high, the quality of life in Greenland is unparalleled, with some of the cleanest air and water in the world and boundless opportunities for outdoor exploration.

Jobs and Wages

If you’re considering a move to Greenland, it’s crucial to have viable employment opportunities lined up. The island’s economy is heavily reliant on fishing, mining, and tourism, with many jobs in these sectors requiring specialized skills or language abilities.

That said, the minimum wage in Greenland is high, at around $20 per hour, meaning that even those in entry-level positions can expect a decent standard of living. Most expats in Greenland work for the government, oil and mining companies, research institutions, or tourism organizations.

Housing and Real Estate

In many areas of Greenland, the housing market is tight, with few properties available for purchase or rent. Your best bet is to start your search in the capital, Nuuk, which has the most abundant housing market on the island.

If you’re looking to purchase a home, be prepared for high prices. Even modest homes in Nuuk can cost upwards of $500,000, with larger properties exceeding $1 million. If you’re not ready to buy, renting is a more affordable option, with studios and one-bedroom apartments ranging from $1,200-$1,500 per month.

Transportation

Greenland’s vast, rugged terrain means that getting around can be difficult. While there is some public transportation in Nuuk and other cities, most residents rely on personal vehicles or all-terrain vehicles (ATVs) for transportation.

Gasoline is expensive in Greenland, at around $10 a gallon, so it’s essential to factor in the cost of fuel when budgeting. If you plan on purchasing a car or ATV, be prepared to pay a premium, as imported vehicles are subject to high taxes.

Conclusion

So, is Greenland cheap to live? The answer is no, but as we’ve outlined above, there are some nuances to consider. While the cost of living is high, so are the wages, and with free healthcare and education, it may be worth it for those seeking a high quality of life in one of the world’s most beautiful and unique destinations.

As with any move, it’s essential to do your research and ensure that you have viable employment opportunities lined up before making the leap. But for those who are up for an adventure and willing to embrace a slower pace of life, Greenland may just be the perfect place to call home.