Cost of living comparison
Iceland is 5.0% more expensive than Faroe Islands.
If you lived in Iceland instead of Faroe Islands, you would:
pay 24.1% less for restaurants
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$21.96
DKK152.18
|
$17.84
ISK2,491
|
|
|
Fast food combo meal
McDonalds, or similar
|
$19.03
DKK131.89
|
$14.27
ISK1,992
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.40
DKK23.59
|
$2.32
ISK324
|
|
| Bottle of water (11 fl. oz) |
$2.68
DKK18.60
|
$2.12
ISK296
|
|
pay 1.2% more for groceries
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.00
DKK27.73
|
$3.42
ISK478
|
|
| Local cheese (8 oz) |
$7.32
DKK50.73
|
$5.98
ISK835
|
|
| Milk (1 gallon) |
$7.02
DKK48.65
|
$5.33
ISK744
|
|
|
Eggs
1 dozen
|
$3.86
DKK26.72
|
$5.66
ISK790
|
|
| Boneless chicken breast (1 lb) |
$2.66
DKK18.41
|
$7.09
ISK991
|
|
| Apples (1 lb) |
$1.33
DKK9.20
|
$1.16
ISK162
|
|
| Bananas (1 lb) |
$1.43
DKK9.89
|
$0.98
ISK137
|
|
| Oranges (1 lb) |
$1.66
DKK11.50
|
$1.17
ISK164
|
|
| Tomatoes (1 lb) |
$1.73
DKK11.96
|
$1.84
ISK256
|
|
| Potatoes (1 lb) | ?? |
$0.96
ISK134
|
|
| Onions (1 lb) |
$2.32
DKK16.11
|
$0.51
ISK71
|
|
pay 6.2% less for transportation
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.79
DKK47.05
|
$8.03
ISK1,122
|
|
| Monthly public transit pass | ?? |
$77.40
ISK10,808
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$43,041.61
DKK298,274.03
|
$29,836.83
ISK4,166,415
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$23.97
ISK3,347
|
|
pay 13.4% more for housing
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$58.56
DKK405.82
|
$62.40
ISK8,714
|
|
| 1-Bedroom apartment in downtown area |
$976.00
DKK6,763.58
|
$1,437.14
ISK200,683
|
|
| 1-Bedroom apartment outside city center |
$805.20
DKK5,579.96
|
$1,215.63
ISK169,750
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$140.39
DKK972.88
|
$68.63
ISK9,583
|
|
pay 61.5% more for childcare
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$366.00
DKK2,536.34
|
$259.34
ISK36,215
|
|
| Middle school for 1 child, two semesters |
$1,090.92
DKK7,559.94
|
$2,750.10
ISK384,024
|
|
pay 6.6% less for entertainment and sports
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.78
DKK60.87
|
$8.52
ISK1,190
|
|
| Cappuccino in mid-range area |
$5.67
DKK39.31
|
$4.15
ISK580
|
|
|
Pack of cigarettes
Marlboro or similar
|
$9.52
DKK65.94
|
$10.64
ISK1,485
|
|
| Monthly membership at local gym |
$56.36
DKK390.60
|
$56.90
ISK7,946
|
|
| Movie ticket to theater/cinema |
$14.64
DKK101.45
|
$12.27
ISK1,714
|
|
pay 4.3% less for clothing
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$136.64
DKK946.90
|
$118.08
ISK16,488
|
|
|
Regular dress
from H&M or similar store
|
$47.58
DKK329.72
|
$50.39
ISK7,036
|
|
|
Running shoes
Nike or Adidas
|
$143.96
DKK997.63
|
$151.12
ISK21,102
|
|
| Men's business shoes (leather) |
$204.96
DKK1,420.35
|
$175.20
ISK24,465
|
|
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