Cost of Living in Faroe Islands

Restaurants
Edit Range
Meal, Inexpensive Restaurant 150.00 kr 100.00-260.46
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 90.00-110.00
Domestic Beer (1 pint draught) 50.00 kr 20.00-60.00
Imported Beer (12 oz small bottle) 50.00 kr 25.00-55.46
Cappuccino (regular) 34.05 kr 20.00-45.00
Coke/Pepsi (12 oz small bottle) 20.52 kr 17.33-25.00
Water (12 oz small bottle) 16.14 kr 12.00-20.00
Markets
Edit
Milk (regular), (1 gallon) 47.70 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) 130.00 kr 80.00-210.00
Domestic Beer (0.5 liter bottle) 29.50 kr 14.00-50.00
Imported Beer (12 oz small bottle) 22.33 kr 20.00-25.00
Cigarettes 20 Pack (Marlboro) 65.00 kr 65.00-70.00
Transportation
Edit
One-way Ticket (Local Transport) 50.00 kr 0.00-90.00
Monthly Pass (Regular Price) 0.00 kr
Taxi Start (Normal Tariff) 62.50 kr 55.00-70.00
Taxi 1 mile (Normal Tariff) ?
Taxi 1hour Waiting (Normal Tariff) 334.87 kr
Gasoline (1 gallon) 41.17 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) 450.00 kr 400.00-500.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 592.50 kr 250.00-1,200.00
Tennis Court Rent (1 Hour on Weekend) 100.00 kr
Cinema, International Release, 1 Seat 105.00 kr 100.00-150.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 2,880.31 kr 1,800.00-4,340.92
International Primary School, Yearly for 1 Child 7,441.58 kr
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 700.00 kr 300.00-1,000.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 300.00 kr
1 Pair of Nike Running Shoes (Mid-Range) 866.67 kr 800.00-900.00
1 Pair of Men Leather Business Shoes 1,066.67 kr 800.00-1,200.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 5,330.14 kr 4,000.00-8,318.65
Apartment (1 bedroom) Outside of Centre 5,692.98 kr 4,000.00-8,318.65
Apartment (3 bedrooms) in City Centre 11,883.46 kr 10,000.00-20,796.62
Apartment (3 bedrooms) Outside of Centre 8,900.99 kr 7,441.58-20,796.62
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 2,043.85 kr 1,300.63-2,787.07
Price per Square Feet to Buy Apartment Outside of Centre 910.77 kr 520.91-1,300.63
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 15,459.96 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 46 entries in the past 12 months by 6 different contributors.
Last update: January 2023
Our data for each country are based on all entries from all cities in that country.
Sources and References
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