Cost of living comparison
compared to
Iceland vs. Faroe Islands Cost of Living Summary
Iceland is 12.5% more expensive than Faroe Islands overall.
- Restaurants
-
pay 2.9% more in Iceland
- Groceries
-
pay 24.7% more in Iceland
- Transportation
-
pay 21.9% more in Iceland
- Housing
-
pay 58.5% more in Iceland
- Childcare
-
pay 40.6% less in Iceland
- Entertainment and Sports
-
pay 23.6% more in Iceland
- Clothing
-
pay 3.4% less in Iceland
The cost of housing, groceries, entertainment and sports, transportation, and restaurants in Iceland are more expensive than in Faroe Islands. Expenses including childcare and clothing are lower in Iceland.
Iceland vs. Faroe Islands Cost Breakdown
If you lived in Iceland instead of Faroe Islands, you would:
pay 2.9% more for restaurants
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$24.88
DKK157.28
|
$26.52
ISK3,254
|
|
|
Fast food combo meal
McDonalds, or similar
|
$20.13
DKK127.25
|
$21.32
ISK2,616
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.21
DKK20.30
|
$3.11
ISK382
|
|
| Bottle of water (11 fl. oz) |
$2.66
DKK16.82
|
$2.72
ISK334
|
|
Faroe Islands vs. Iceland - Cost of restaurants
pay 24.7% more for groceries
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$7.99
DKK50.53
|
$3.80
ISK467
|
|
| Local cheese (8 oz) |
$6.13
DKK38.74
|
$9.44
ISK1,158
|
|
| Milk (1 gallon) |
$10.29
DKK65.08
|
$7.78
ISK955
|
|
|
Eggs
1 dozen
|
$5.83
DKK36.87
|
$6.71
ISK823
|
|
| Boneless chicken breast (1 lb) |
$6.39
DKK40.39
|
$11.22
ISK1,377
|
|
| Apples (1 lb) |
$1.06
DKK6.73
|
$1.50
ISK184
|
|
| Bananas (1 lb) |
$1.28
DKK8.08
|
$1.15
ISK141
|
|
| Oranges (1 lb) |
$1.42
DKK8.98
|
$1.41
ISK174
|
|
| Tomatoes (1 lb) |
$0.85
DKK5.39
|
$2.34
ISK287
|
|
| Potatoes (1 lb) |
$1.28
DKK8.08
|
$1.65
ISK202
|
|
| Onions (1 lb) |
$1.56
DKK9.87
|
$1.09
ISK134
|
|
Faroe Islands vs. Iceland - Cost of groceries
pay 21.9% more for transportation
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.92
DKK50.06
|
$9.65
ISK1,185
|
|
| Monthly public transit pass | ?? |
$79.56
ISK9,763
|
|
| New Volkswagen Golf 1.4 (standard edition) | ?? |
$49,144.25
ISK6M
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$25.55
ISK3,136
|
|
Faroe Islands vs. Iceland - Cost of transportation
pay 58.5% more for housing
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$70.42
DKK445.24
|
$95.65
ISK11,737
|
|
| 1-Bedroom apartment in downtown area |
$898.43
DKK5,680.05
|
$2,289.17
ISK281K
|
|
| 1-Bedroom apartment outside city center |
$1,017.24
DKK6,431.20
|
$1,830.04
ISK225K
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$102.42
DKK647.54
|
$65.15
ISK7,994
|
|
Faroe Islands vs. Iceland - Cost of housing
pay 40.6% less for childcare
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$563.40
DKK3,561.90
|
$334.67
ISK41,067
|
|
| Middle school for 1 child, two semesters | ?? |
$30,711.08
ISK4M
|
|
Faroe Islands vs. Iceland - Cost of childcare
pay 23.6% more for entertainment and sports
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.39
DKK59.36
|
$11.14
ISK1,367
|
|
| Cappuccino in mid-range area |
$7.09
DKK44.82
|
$5.62
ISK690
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.95
DKK69.26
|
$13.90
ISK1,705
|
|
| Monthly membership at local gym |
$40.90
DKK258.57
|
$78.17
ISK9,593
|
|
| Movie ticket to theater/cinema |
$16.43
DKK103.89
|
$16.75
ISK2,056
|
|
Faroe Islands vs. Iceland - Cost of entertainment and sports
pay 3.4% less for clothing
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$153.84
DKK972.60
|
$130.91
ISK16,063
|
|
|
Regular dress
from H&M or similar store
|
$62.60
DKK395.77
|
$61.83
ISK7,587
|
|
|
Running shoes
Nike or Adidas
|
$169.54
DKK1,071.87
|
$163.81
ISK20,102
|
|
| Men's business shoes (leather) |
$224.31
DKK1,418.16
|
$237.31
ISK29,120
|
|
Faroe Islands vs. Iceland - Cost of clothing
The statistics used to build this comparison are calculated using data from users just like you.
We average the price of thousands of data points entered by users across the world.
Learn more about our data sources. Page last updated: February 2026
Change currency:
Compare by city
Help us improve these prices
MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate.
Learn more
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Iceland or Faroe Islands. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.