Cost of Living in Faroe Islands

Summary of cost of living in Faroe Islands:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 150.00 kr 100.00-261.17
Meal for 2 People, Mid-range Restaurant, Three-course 1,000.00 kr 600.00-1,100.00
McMeal at McDonalds (or Equivalent Combo Meal) 100.00 kr 90.00-130.00
Domestic Beer (1 pint draught) 50.00 kr 20.00-60.00
Imported Beer (12 oz small bottle) 50.00 kr 25.00-56.42
Cappuccino (regular) 34.18 kr 20.00-45.00
Coke/Pepsi (12 oz small bottle) 19.68 kr 16.00-25.00
Water (12 oz small bottle) 16.52 kr 14.00-20.00
Markets
Edit
Milk (regular), (1 gallon) 51.89 kr 41.64-56.78
Loaf of Fresh White Bread (1 lb) 25.40 kr 22.68-67.69
Rice (white), (1 lb) 11.24 kr 5.44-16.92
Eggs (regular) (12) 26.45 kr 22.00-30.00
Local Cheese (1 lb) 40.67 kr 22.68-54.43
Chicken Fillets (1 lb) 40.40 kr 27.22-44.91
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 47.63 kr 15.88-81.65
Apples (1 lb) 9.68 kr 6.80-10.89
Banana (1 lb) 8.77 kr 6.80-9.07
Oranges (1 lb) 9.98 kr 9.07-11.79
Tomato (1 lb) 12.85 kr 5.44-18.14
Potato (1 lb) 8.77 kr 6.80-11.34
Onion (1 lb) 9.37 kr 9.07-9.98
Lettuce (1 head) 20.33 kr 16.00-25.00
Water (1.5 liter bottle) 23.75 kr 15.00-30.00
Bottle of Wine (Mid-Range) 90.00 kr 75.00-140.00
Domestic Beer (0.5 liter bottle) 17.79 kr 14.00-50.00
Imported Beer (12 oz small bottle) 25.50 kr 12.00-37.00
Cigarettes 20 Pack (Marlboro) 70.00 kr 65.00-70.00
Transportation
Edit
One-way Ticket (Local Transport) 24.00 kr 0.00-50.00
Monthly Pass (Regular Price) 0.00 kr 0.00-0.00
Taxi Start (Normal Tariff) 70.00 kr 30.00-80.00
Taxi 1 mile (Normal Tariff) 48.28 kr
Taxi 1hour Waiting (Normal Tariff) 317.89 kr 300.00-335.79
Gasoline (1 gallon) 40.68 kr 34.07-56.78
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 297,000.00 kr 294,000.00-300,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 368,750.00 kr 300,000.00-360,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 1,251.33 kr 1,000.00-1,500.00
Mobile Phone Monthly Plan with Calls and 10GB+ Data 490.00 kr 280.00-700.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 587.50 kr 400.00-1,000.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 351.00 kr 250.00-1,200.00
Tennis Court Rent (1 Hour on Weekend) 90.00 kr 80.00-100.00
Cinema, International Release, 1 Seat 105.00 kr 95.00-150.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 2,884.28 kr 1,800.00-4,352.83
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 300.00-1,200.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 270.00 kr 190.00-350.00
1 Pair of Nike Running Shoes (Mid-Range) 825.00 kr 590.00-1,250.00
1 Pair of Men Leather Business Shoes 1,237.50 kr 800.00-1,600.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 6,524.77 kr 5,000.00-8,463.24
Apartment (1 bedroom) Outside of Centre 5,411.60 kr 4,000.00-8,000.00
Apartment (3 bedrooms) in City Centre 13,601.56 kr 10,000.00-15,000.00
Apartment (3 bedrooms) Outside of Centre 9,775.83 kr 7,461.99-12,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 2,143.08 kr 1,598.32-2,787.07
Price per Square Feet to Buy Apartment Outside of Centre 1,072.17 kr 522.33-1,393.53
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 2.99-3.20

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.
Sources and References
Distribution of Expenses Using Our Statistical Model:
  
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