Cost of Living in Faroe Islands
Summary of cost of living in Faroe Islands:
- A family of four estimated monthly costs are 4,335.5$ (30,577.0kr) without rent.
- A single person estimated monthly costs are 1,205.4$ (8,501.4kr) without rent.
- Cost of living in Faroe Islands is, on average, 16.0% higher than in United States.
- Rent in Faroe Islands is, on average, 42.7% lower than in United States.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 150.00 kr | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 1,000.00 kr | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 100.00 kr | |
| Domestic Beer (1 pint draught) | 50.00 kr | |
| Imported Beer (12 oz small bottle) | 50.00 kr | |
| Cappuccino (regular) | 34.18 kr | |
| Coke/Pepsi (12 oz small bottle) | 19.68 kr | |
| Water (12 oz small bottle) | 16.52 kr | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 51.89 kr | |
| Loaf of Fresh White Bread (1 lb) | 25.40 kr | |
| Rice (white), (1 lb) | 11.24 kr | |
| Eggs (regular) (12) | 26.45 kr | |
| Local Cheese (1 lb) | 40.67 kr | |
| Chicken Fillets (1 lb) | 40.40 kr | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 47.63 kr | |
| Apples (1 lb) | 9.68 kr | |
| Banana (1 lb) | 8.77 kr | |
| Oranges (1 lb) | 9.98 kr | |
| Tomato (1 lb) | 12.85 kr | |
| Potato (1 lb) | 8.77 kr | |
| Onion (1 lb) | 9.37 kr | |
| Lettuce (1 head) | 20.33 kr | |
| Water (1.5 liter bottle) | 23.75 kr | |
| Bottle of Wine (Mid-Range) | 90.00 kr | |
| Domestic Beer (0.5 liter bottle) | 17.79 kr | |
| Imported Beer (12 oz small bottle) | 25.50 kr | |
| Cigarettes 20 Pack (Marlboro) | 70.00 kr | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 24.00 kr | |
| Monthly Pass (Regular Price) | 0.00 kr | |
| Taxi Start (Normal Tariff) | 70.00 kr | |
| Taxi 1 mile (Normal Tariff) | 48.28 kr | |
| Taxi 1hour Waiting (Normal Tariff) | 317.89 kr | |
| Gasoline (1 gallon) | 40.68 kr | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 297,000.00 kr | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 368,750.00 kr | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 1,251.33 kr | |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 490.00 kr | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 587.50 kr | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 351.00 kr | |
| Tennis Court Rent (1 Hour on Weekend) | 90.00 kr | |
| Cinema, International Release, 1 Seat | 105.00 kr | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 2,884.28 kr | |
| International Primary School, Yearly for 1 Child | 7,461.99 kr | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 670.00 kr | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 270.00 kr | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 825.00 kr | |
| 1 Pair of Men Leather Business Shoes | 1,237.50 kr | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 6,524.77 kr | |
| Apartment (1 bedroom) Outside of Centre | 5,411.60 kr | |
| Apartment (3 bedrooms) in City Centre | 13,601.56 kr | |
| Apartment (3 bedrooms) Outside of Centre | 9,775.83 kr | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 2,143.08 kr | |
| Price per Square Feet to Buy Apartment Outside of Centre | 1,072.17 kr | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 14,358.16 kr | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.10 |
Prices in Faroe Islands
This country had 140 entries in the past 12 months by 16 different contributors.
Last update: September 2023
Our data for each country are based on all entries from all cities in that country.
Last update: September 2023
Our data for each country are based on all entries from all cities in that country.
Sources and References
Moving to Faroe Islands? Explore:
Distribution of Expenses Using Our Statistical Model:
This page in other languages:
 DeutschLebenshaltungskosten auf den Färöer-Inseln
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 PortuguêsCusto de Vida nas ilhas Faroe
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 ItalianoCosto della Vita nelle Isole Faroe
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 FrançaisCoût de la Vie dans les îles Féroé
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 EspañolCosto de Vida en Islas Feroe
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