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
kr150.42
|
$17.84
kr2,476
|
|
|
Fast food combo meal
McDonalds, or similar
|
$19.03
kr130.36
|
$14.27
kr1,981
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.40
kr23.32
|
$2.32
kr322
|
|
| Bottle of water (11 fl. oz) |
$2.68
kr18.38
|
$2.12
kr295
|
|
pay 1.2% more for groceries
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.00
kr27.41
|
$3.42
kr475
|
|
| Local cheese (8 oz) |
$7.32
kr50.14
|
$5.98
kr830
|
|
| Milk (1 gallon) |
$7.02
kr48.08
|
$5.33
kr739
|
|
|
Eggs
1 dozen
|
$3.86
kr26.41
|
$5.66
kr786
|
|
| Boneless chicken breast (1 lb) |
$2.66
kr18.19
|
$7.09
kr985
|
|
| Apples (1 lb) |
$1.33
kr9.10
|
$1.16
kr161
|
|
| Bananas (1 lb) |
$1.43
kr9.78
|
$0.98
kr136
|
|
| Oranges (1 lb) |
$1.66
kr11.37
|
$1.17
kr163
|
|
| Tomatoes (1 lb) |
$1.73
kr11.83
|
$1.84
kr255
|
|
| Potatoes (1 lb) | ?? |
$0.96
kr133
|
|
| Onions (1 lb) |
$2.32
kr15.92
|
$0.51
kr71
|
|
pay 6.2% less for transportation
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.79
kr46.50
|
$8.03
kr1,115
|
|
| Monthly public transit pass | ?? |
$77.40
kr10,745
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$43,041.61
kr294,822.09
|
$29,836.83
kr4,142,247
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$23.97
kr3,327
|
|
pay 13.4% more for housing
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$58.56
kr401.12
|
$62.40
kr8,663
|
|
| 1-Bedroom apartment in downtown area |
$976.00
kr6,685.31
|
$1,437.14
kr199,519
|
|
| 1-Bedroom apartment outside city center |
$805.20
kr5,515.38
|
$1,215.63
kr168,765
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$140.39
kr961.62
|
$68.63
kr9,528
|
|
pay 61.5% more for childcare
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$366.00
kr2,506.99
|
$259.34
kr36,005
|
|
| Middle school for 1 child, two semesters |
$1,090.92
kr7,472.45
|
$2,750.10
kr381,796
|
|
pay 6.6% less for entertainment and sports
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.78
kr60.17
|
$8.52
kr1,183
|
|
| Cappuccino in mid-range area |
$5.67
kr38.86
|
$4.15
kr577
|
|
|
Pack of cigarettes
Marlboro or similar
|
$9.52
kr65.18
|
$10.64
kr1,476
|
|
| Monthly membership at local gym |
$56.36
kr386.08
|
$56.90
kr7,900
|
|
| Movie ticket to theater/cinema |
$14.64
kr100.28
|
$12.27
kr1,704
|
|
pay 4.3% less for clothing
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$136.64
kr935.94
|
$118.08
kr16,392
|
|
|
Regular dress
from H&M or similar store
|
$47.58
kr325.91
|
$50.39
kr6,995
|
|
|
Running shoes
Nike or Adidas
|
$143.96
kr986.08
|
$151.12
kr20,980
|
|
| Men's business shoes (leather) |
$204.96
kr1,403.91
|
$175.20
kr24,323
|
|
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