Cost of Living in Faroe Islands

Restaurants
Edit Range
Meal, Inexpensive Restaurant 150.00 kr 100.00-260.69
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 100.00-130.00
Domestic Beer (1 pint draught) 50.00 kr 20.00-60.00
Imported Beer (12 oz small bottle) 50.00 kr 25.00-55.69
Cappuccino (regular) 34.08 kr 20.00-45.00
Coke/Pepsi (12 oz small bottle) 20.29 kr 16.00-25.00
Water (12 oz small bottle) 16.49 kr 13.92-20.00
Markets
Edit
Milk (regular), (1 gallon) 48.58 kr 41.64-53.00
Loaf of Fresh White Bread (1 lb) 25.95 kr 19.96-27.22
Rice (white), (1 lb) 7.86 kr 5.44-11.34
Eggs (regular) (12) 26.95 kr 22.00-30.00
Local Cheese (1 lb) 48.38 kr 22.68-54.43
Chicken Fillets (1 lb) 40.40 kr 18.14-44.91
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 44.60 kr 15.88-81.65
Apples (1 lb) 9.83 kr 6.80-11.34
Banana (1 lb) 9.53 kr 6.80-11.34
Oranges (1 lb) 10.58 kr 9.07-13.61
Tomato (1 lb) 12.85 kr 5.44-18.14
Potato (1 lb) 6.80 kr
Onion (1 lb) 11.34 kr 9.07-15.88
Lettuce (1 head) 25.00 kr 25.00-25.00
Water (1.5 liter bottle) 22.50 kr 12.00-30.00
Bottle of Wine (Mid-Range) 120.00 kr 80.00-210.00
Domestic Beer (0.5 liter bottle) 20.79 kr 14.00-50.00
Imported Beer (12 oz small bottle) 21.75 kr 12.00-25.00
Cigarettes 20 Pack (Marlboro) 67.50 kr 65.00-70.00
Transportation
Edit
One-way Ticket (Local Transport) 40.00 kr 0.00-90.00
Monthly Pass (Regular Price) 0.00 kr
Taxi Start (Normal Tariff) 70.00 kr 55.00-80.00
Taxi 1 mile (Normal Tariff) ?
Taxi 1hour Waiting (Normal Tariff) 335.17 kr
Gasoline (1 gallon) 39.27 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) 326,666.67 kr 300,000.00-320,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 1,127.00 kr 1,000.00-1,254.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) ?
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 433.33 kr 400.00-500.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 355.00 kr 250.00-1,200.00
Tennis Court Rent (1 Hour on Weekend) 100.00 kr
Cinema, International Release, 1 Seat 100.00 kr 100.00-150.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 2,881.61 kr 1,800.00-4,344.83
International Primary School, Yearly for 1 Child 7,448.28 kr
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 700.00 kr 300.00-1,200.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 325.00 kr 300.00-350.00
1 Pair of Nike Running Shoes (Mid-Range) 962.50 kr 800.00-1,250.00
1 Pair of Men Leather Business Shoes 1,333.33 kr 800.00-1,600.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 5,835.88 kr 4,000.00-8,353.20
Apartment (1 bedroom) Outside of Centre 5,614.66 kr 4,000.00-8,353.20
Apartment (3 bedrooms) in City Centre 12,511.73 kr 10,000.00-20,883.00
Apartment (3 bedrooms) Outside of Centre 9,324.14 kr 7,448.28-20,883.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 1,898.58 kr 1,300.63-2,787.07
Price per Square Feet to Buy Apartment Outside of Centre 911.00 kr 521.38-1,300.63
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 15,482.23 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 73 entries in the past 12 months by 11 different contributors.
Last update: April 2023
Our data for each country are based on all entries from all cities in that country.
Sources and References
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