Cost of living comparison
Iceland is 10.6% more expensive than Faroe Islands overall.
- Restaurants
-
pay 12.9% less in Iceland
- Groceries
-
pay 9.6% more in Iceland
- Transportation
-
pay 15.0% more in Iceland
- Housing
-
pay 50.9% more in Iceland
- Entertainment and Sports
-
pay 3.5% more in Iceland
- Clothing
-
pay 2.4% less in Iceland
The cost of housing, transportation, groceries, and entertainment and sports in Iceland are more expensive than in Faroe Islands. Expenses including restaurants and clothing are lower in Iceland.
If you lived in Iceland instead of Faroe Islands, you would:
pay 12.9% less for restaurants
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$22.84
DKK157.52
|
$19.40
ISK2,584
|
|
|
Fast food combo meal
McDonalds, or similar
|
$19.35
DKK133.49
|
$16.94
ISK2,257
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.01
DKK20.79
|
$2.81
ISK374
|
|
| Bottle of water (11 fl. oz) |
$2.44
DKK16.85
|
$2.02
ISK269
|
|
pay 9.6% more for groceries
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$7.20
DKK49.69
|
$2.95
ISK394
|
|
| Local cheese (8 oz) |
$5.63
DKK38.81
|
$7.27
ISK968
|
|
| Milk (1 gallon) |
$8.02
DKK55.31
|
$6.01
ISK800
|
|
|
Eggs
1 dozen
|
$4.78
DKK32.98
|
$5.42
ISK722
|
|
| Boneless chicken breast (1 lb) |
$5.87
DKK40.47
|
$8.51
ISK1,133
|
|
| Apples (1 lb) |
$0.98
DKK6.75
|
$1.22
ISK163
|
|
| Bananas (1 lb) |
$1.17
DKK8.09
|
$1.03
ISK137
|
|
| Oranges (1 lb) |
$1.30
DKK8.99
|
$1.17
ISK156
|
|
| Tomatoes (1 lb) |
$0.78
DKK5.40
|
$1.87
ISK250
|
|
| Potatoes (1 lb) |
$1.17
DKK8.09
|
$1.23
ISK164
|
|
| Onions (1 lb) |
$1.43
DKK9.89
|
$0.78
ISK105
|
|
pay 15.0% more for transportation
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.27
DKK50.16
|
$8.36
ISK1,114
|
|
| Monthly public transit pass | ?? |
$71.28
ISK9,494
|
|
| New Volkswagen Golf 1.4 (standard edition) | ?? |
$40,660.66
ISK5,416,000
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$22.04
ISK2,935
|
|
pay 50.9% more for housing
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$61.08
DKK421.34
|
$72.17
ISK9,614
|
|
| 1-Bedroom apartment in downtown area |
$785.35
DKK5,417.21
|
$1,838.04
ISK244,827
|
|
| 1-Bedroom apartment outside city center |
$790.49
DKK5,452.65
|
$1,497.77
ISK199,503
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$94.06
DKK648.84
|
$58.01
ISK7,728
|
|
pay (unknown) more for childcare
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly | ?? |
$258.16
ISK34,388
|
|
| Middle school for 1 child, two semesters | ?? |
$5,993.99
ISK798,400
|
pay 3.5% more for entertainment and sports
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.62
DKK59.48
|
$9.19
ISK1,224
|
|
| Cappuccino in mid-range area |
$6.11
DKK42.13
|
$4.65
ISK619
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.06
DKK69.40
|
$11.76
ISK1,566
|
|
| Monthly membership at local gym |
$50.02
DKK345.00
|
$61.46
ISK8,186
|
|
| Movie ticket to theater/cinema |
$15.09
DKK104.10
|
$14.35
ISK1,911
|
|
pay 2.4% less for clothing
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$141.28
DKK974.54
|
$111.23
ISK14,816
|
|
|
Regular dress
from H&M or similar store
|
$50.30
DKK346.99
|
$59.69
ISK7,951
|
|
|
Running shoes
Nike or Adidas
|
$146.12
DKK1,007.91
|
$148.00
ISK19,713
|
|
| Men's business shoes (leather) |
$201.22
DKK1,387.95
|
$184.49
ISK24,575
|
|
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