Cost of Living in Faroe Islands

Restaurants
Edit Range
Meal, Inexpensive Restaurant 29,450.46 ₩ 17,670.28-51,249.64
Meal for 2 People, Mid-range Restaurant, Three-course 196,336.40 ₩ 78,534.56-215,970.04
McMeal at McDonalds (or Equivalent Combo Meal) 22,578.69 ₩ 19,633.64-29,450.46
Domestic Beer (1 pint draught) 11,780.18 ₩ 6,801.90-11,780.18
Imported Beer (12 oz small bottle) 9,816.82 ₩ 5,441.52-10,883.03
Cappuccino (regular) 7,276.21 ₩ 4,319.40-8,835.14
Coke/Pepsi (12 oz small bottle) 3,963.00 ₩ 3,400.95-4,908.41
Water (12 oz small bottle) 3,253.59 ₩ 2,720.76-3,926.73
Markets
Edit
Milk (regular), (1 gallon) 10,248.92 ₩ 8,918.57-11,148.21
Loaf of Fresh White Bread (1 lb) 4,898.12 ₩ 3,918.50-13,283.70
Rice (white), (1 lb) 2,194.80 ₩ 1,068.68-3,320.92
Eggs (regular) (12) 5,746.11 ₩ 4,712.07-5,890.09
Local Cheese (1 lb) 8,430.71 ₩ 6,641.85-10,686.82
Chicken Fillets (1 lb) 8,335.04 ₩ 7,853.47-8,816.62
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 16,030.22 ₩
Apples (1 lb) 1,558.49 ₩ 1,335.85-1,781.14
Banana (1 lb) 1,469.44 ₩ 1,335.85-1,603.02
Oranges (1 lb) 1,781.14 ₩ 1,781.14-1,781.14
Tomato (1 lb) 1,424.91 ₩ 1,068.68-1,781.14
Potato (1 lb) 1,469.44 ₩ 1,335.85-1,603.02
Onion (1 lb) 1,870.19 ₩ 1,781.14-1,959.25
Lettuce (1 head) 3,141.38 ₩
Water (1.5 liter bottle) 4,253.96 ₩ 2,945.05-5,890.09
Bottle of Wine (Mid-Range) 15,706.91 ₩ 14,725.23-27,487.10
Domestic Beer (0.5 liter bottle) 5,441.89 ₩ 2,748.71-9,816.82
Imported Beer (12 oz small bottle) 3,730.39 ₩ 2,356.04-4,908.41
Cigarettes 20 Pack (Marlboro) 13,252.71 ₩ 12,761.87-13,743.55
Transportation
Edit
One-way Ticket (Local Transport) 0.00 ₩ 0.00-5,890.09
Monthly Pass (Regular Price) 0.00 ₩
Taxi Start (Normal Tariff) 14,725.23 ₩ 13,743.55-15,706.91
Taxi 1 mile (Normal Tariff) ?
Taxi 1hour Waiting (Normal Tariff) 65,892.39 ₩
Gasoline (1 gallon) 9,842.63 ₩ 6,688.93-11,148.21
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 54,385,182.98 ₩ 51,047,464.17-57,722,901.80
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 64,136,557.55 ₩ 62,827,648.21-70,681,104.24
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 177,467.97 ₩ 89,861.66-246,205.85
Mobile Phone Monthly Plan with Calls and 10GB+ Data 54,974.19 ₩
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 81,806.83 ₩ 78,534.56-88,351.38
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 76,898.42 ₩ 49,084.10-78,534.56
Tennis Court Rent (1 Hour on Weekend) 19,633.64 ₩
Cinema, International Release, 1 Seat 21,597.00 ₩ 19,633.64-29,450.46
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 603,783.08 ₩ 353,405.52-854,160.64
International Primary School, Yearly for 1 Child 1,464,275.38 ₩
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 179,156.97 ₩ 78,534.56-235,603.68
1 Summer Dress in a Chain Store (Zara, H&M, ...) 68,717.74 ₩
1 Pair of Nike Running Shoes (Mid-Range) 186,519.58 ₩ 157,069.12-245,420.50
1 Pair of Men Leather Business Shoes 235,603.68 ₩ 157,069.12-314,138.24
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 1,134,778.16 ₩ 785,345.60-1,570,691.21
Apartment (1 bedroom) Outside of Centre 1,004,574.53 ₩ 785,345.60-1,570,691.21
Apartment (3 bedrooms) in City Centre 2,291,176.44 ₩ 1,963,364.01-2,945,046.01
Apartment (3 bedrooms) Outside of Centre 1,831,621.53 ₩ 1,464,275.38-2,356,036.81
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 421,871.39 ₩ 317,129.15-547,202.90
Price per Square Feet to Buy Apartment Outside of Centre 210,487.08 ₩ 102,498.42-273,601.45
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 2,831,101.55 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.10 2.99-3.20

Prices in Faroe Islands

This country had 61 entries in the past 12 months by 12 different contributors.
Last update: January 2024
Our data for each country are based on all entries from all cities in that country.
Sources and References
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