Cost of living comparison
Iceland is 71.4% more expensive than Faroe Islands.
If you lived in Iceland instead of Faroe Islands, you would:
pay 6.2% less for restaurants
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$17.45
DKK117.82
|
$19.51
ISK2,701
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.00
DKK108.00
|
$16.45
ISK2,276
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.98
DKK20.14
|
$2.70
ISK374
|
|
| Bottle of water (11 fl. oz) |
$2.79
DKK18.83
|
$1.95
ISK270
|
|
pay 4.1% more for groceries
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$7.30
DKK49.32
|
$3.16
ISK437
|
|
| Local cheese (8 oz) |
$5.70
DKK38.46
|
$6.72
ISK930
|
|
| Milk (1 gallon) |
$7.50
DKK50.63
|
$6.27
ISK868
|
|
|
Eggs
1 dozen
|
$4.02
DKK27.11
|
$6.03
ISK835
|
|
| Boneless chicken breast (1 lb) | ?? |
$7.60
ISK1,052
|
|
| Apples (1 lb) |
$0.99
DKK6.67
|
$1.13
ISK156
|
|
| Bananas (1 lb) |
$1.19
DKK8.00
|
$1.01
ISK140
|
|
| Oranges (1 lb) |
$1.32
DKK8.89
|
$1.15
ISK160
|
|
| Tomatoes (1 lb) |
$0.79
DKK5.33
|
$1.71
ISK237
|
|
| Potatoes (1 lb) |
$1.19
DKK8.00
|
$1.13
ISK157
|
|
| Onions (1 lb) |
$1.45
DKK9.78
|
$0.68
ISK94
|
|
pay 3.9% more for transportation
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.34
DKK49.58
|
$8.42
ISK1,165
|
|
| Monthly public transit pass | ?? |
$68.29
ISK9,452
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,670.46
DKK288,104.52
|
$39,714.69
ISK5,496,513
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$23.23
ISK3,215
|
|
pay 33.5% more for housing
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$61.68
DKK416.48
|
$74.47
ISK10,307
|
|
| 1-Bedroom apartment in downtown area |
$780.09
DKK5,267.06
|
$1,518.94
ISK210,221
|
|
| 1-Bedroom apartment outside city center |
$895.02
DKK6,043.01
|
$1,325.48
ISK183,446
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$94.99
DKK641.35
|
$66.99
ISK9,271
|
|
pay 5.5 times more for childcare
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly | ?? |
$254.97
ISK35,287
|
|
| Middle school for 1 child, two semesters |
$1,082.77
DKK7,310.69
|
$5,993.83
ISK829,545
|
|
pay 14.1% more for entertainment and sports
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$5.67
DKK38.26
|
$9.37
ISK1,297
|
|
| Cappuccino in mid-range area |
$5.00
DKK33.76
|
$4.61
ISK638
|
|
|
Pack of cigarettes
Marlboro or similar
|
$9.43
DKK63.70
|
$11.22
ISK1,552
|
|
| Monthly membership at local gym |
$56.24
DKK379.73
|
$60.00
ISK8,304
|
|
| Movie ticket to theater/cinema |
$15.97
DKK107.79
|
$13.94
ISK1,929
|
|
pay 3.5% less for clothing
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$137.88
DKK930.95
|
$108.23
ISK14,979
|
|
|
Regular dress
from H&M or similar store
|
$50.80
DKK342.98
|
$59.73
ISK8,267
|
|
|
Running shoes
Nike or Adidas
|
$137.88
DKK930.95
|
$146.94
ISK20,337
|
|
| Men's business shoes (leather) |
$203.19
DKK1,371.93
|
$169.24
ISK23,423
|
|
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