Cost of living comparison
Faroe Islands is 10.2% cheaper than Iceland.
If you lived in Faroe Islands instead of Iceland, you would:
pay 9.9% more for restaurants
Iceland
|
Faroe Islands
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$19.51
ISK2,723
|
$17.45
DKK120.85
|
|
Fast food combo meal
McDonalds, or similar
|
$16.45
ISK2,295
|
$16.00
DKK110.77
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.70
ISK377
|
$2.98
DKK20.66
|
|
Bottle of water (11 fl. oz) |
$1.95
ISK273
|
$2.79
DKK19.32
|
|
pay 18.5% more for groceries
Iceland
|
Faroe Islands
|
||
---|---|---|---|
Bread
1 loaf
|
$3.16
ISK440
|
$7.30
DKK50.59
|
|
Local cheese (8 oz) |
$6.72
ISK937
|
$5.70
DKK39.45
|
|
Milk (1 gallon) |
$6.27
ISK875
|
$7.50
DKK51.93
|
|
Eggs
1 dozen
|
$6.03
ISK841
|
$4.02
DKK27.81
|
|
Boneless chicken breast (1 lb) |
$7.60
ISK1,061
|
?? | |
Apples (1 lb) |
$1.13
ISK157
|
$0.99
DKK6.84
|
|
Bananas (1 lb) |
$1.01
ISK141
|
$1.19
DKK8.21
|
|
Oranges (1 lb) |
$1.15
ISK161
|
$1.32
DKK9.12
|
|
Tomatoes (1 lb) |
$1.71
ISK239
|
$0.79
DKK5.47
|
|
Potatoes (1 lb) |
$1.13
ISK158
|
$1.19
DKK8.21
|
|
Onions (1 lb) |
$0.68
ISK95
|
$1.45
DKK10.03
|
|
pay 2.7% less for transportation
Iceland
|
Faroe Islands
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.42
ISK1,175
|
$7.34
DKK50.85
|
|
Monthly public transit pass |
$68.29
ISK9,530
|
?? | |
New Volkswagen Golf 1.4 (standard edition) |
$39,714.69
ISK5,541,788
|
$42,670.46
DKK295,492.91
|
|
Taxi trip in downtown area (5 miles) |
$23.23
ISK3,241
|
?? | |
pay 14.1% less for housing
Iceland
|
Faroe Islands
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$74.47
ISK10,392
|
$61.68
DKK427.16
|
|
1-Bedroom apartment in downtown area |
$1,518.94
ISK211,953
|
$780.09
DKK5,402.14
|
|
1-Bedroom apartment outside city center |
$1,325.48
ISK184,957
|
$895.02
DKK6,197.98
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.99
ISK9,348
|
$94.99
DKK657.79
|
|
pay 81.9% less for childcare
Iceland
|
Faroe Islands
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$254.97
ISK35,578
|
?? | |
Middle school for 1 child, two semesters |
$5,993.83
ISK836,378
|
$1,082.77
DKK7,498.17
|
|
pay 7.8% less for entertainment and sports
Iceland
|
Faroe Islands
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$9.37
ISK1,308
|
$5.67
DKK39.25
|
|
Cappuccino in mid-range area |
$4.61
ISK644
|
$5.00
DKK34.63
|
|
Pack of cigarettes
Marlboro or similar
|
$11.22
ISK1,565
|
$9.43
DKK65.33
|
|
Monthly membership at local gym |
$60.00
ISK8,373
|
$56.24
DKK389.47
|
|
Movie ticket to theater/cinema |
$13.94
ISK1,945
|
$15.97
DKK110.56
|
|
pay 6.6% more for clothing
Iceland
|
Faroe Islands
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$108.23
ISK15,103
|
$137.88
DKK954.82
|
|
Regular dress
from H&M or similar store
|
$59.73
ISK8,335
|
$50.80
DKK351.78
|
|
Running shoes
Nike or Adidas
|
$146.94
ISK20,504
|
$137.88
DKK954.82
|
|
Men's business shoes (leather) |
$169.24
ISK23,616
|
$203.19
DKK1,407.11
|
|
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