Cost of living comparison
Monaco is 3.6 times more expensive than Faroe Islands.
If you lived in Monaco instead of Faroe Islands, you would:
pay 76.0% more for restaurants
Faroe Islands
|
Monaco
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$21.96
kr153.76
|
$41.23
€38.67
|
|
Fast food combo meal
McDonalds, or similar
|
$19.03
kr133.26
|
$10.44
€9.80
|
|
Bottle of Coca-Cola (11 fl. oz) |
$3.40
kr23.83
|
$5.94
€5.57
|
|
Bottle of water (11 fl. oz) |
$2.68
kr18.79
|
$7.70
€7.23
|
|
pay 17.4% more for groceries
Faroe Islands
|
Monaco
|
||
---|---|---|---|
Bread
1 loaf
|
$4.00
kr28.02
|
$3.80
€3.57
|
|
Local cheese (8 oz) |
$7.32
kr51.25
|
$10.72
€10.05
|
|
Milk (1 gallon) |
$7.02
kr49.15
|
$8.50
€7.97
|
|
Eggs
1 dozen
|
$3.86
kr26.99
|
$4.29
€4.02
|
|
Boneless chicken breast (1 lb) |
$2.66
kr18.60
|
$6.64
€6.23
|
|
Apples (1 lb) |
$1.33
kr9.30
|
$1.33
€1.25
|
|
Bananas (1 lb) |
$1.43
kr10.00
|
$1.99
€1.87
|
|
Oranges (1 lb) |
$1.66
kr11.62
|
$0.71
€0.66
|
|
Tomatoes (1 lb) |
$1.73
kr12.09
|
$1.87
€1.75
|
|
Potatoes (1 lb) | ?? |
$1.37
€1.29
|
|
Onions (1 lb) |
$2.32
kr16.27
|
$1.39
€1.30
|
|
pay 13.5% less for transportation
Faroe Islands
|
Monaco
|
||
---|---|---|---|
Gasoline (1 gallon) |
$6.79
kr47.53
|
$8.27
€7.75
|
|
Monthly public transit pass | ?? |
$38.21
€35.83
|
|
New Volkswagen Golf 1.4 (standard edition) |
$43,041.61
kr301,368.72
|
$21,988.99
€20,622.73
|
|
Taxi trip in downtown area (5 miles) | ?? |
$18.25
€17.12
|
|
pay 3.7 times more for housing
Faroe Islands
|
Monaco
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$58.56
kr410.03
|
$107.38
€100.71
|
|
1-Bedroom apartment in downtown area |
$976.00
kr6,833.76
|
$5,818.99
€5,457.43
|
|
1-Bedroom apartment outside city center |
$805.20
kr5,637.85
|
$4,384.68
€4,112.24
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$140.39
kr982.98
|
$226.60
€212.52
|
|
pay 13.6 times more for childcare
Faroe Islands
|
Monaco
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$366.00
kr2,562.66
|
$3,518.24
€3,299.64
|
|
Middle school for 1 child, two semesters |
$1,090.92
kr7,638.38
|
$19,240.37
€18,044.89
|
|
pay 2.9 times more for entertainment and sports
Faroe Islands
|
Monaco
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.78
kr61.50
|
$8.80
€8.25
|
|
Cappuccino in mid-range area |
$5.67
kr39.72
|
$4.42
€4.15
|
|
Pack of cigarettes
Marlboro or similar
|
$9.52
kr66.63
|
$12.09
€11.34
|
|
Monthly membership at local gym |
$56.36
kr394.65
|
$604.70
€567.13
|
|
Movie ticket to theater/cinema |
$14.64
kr102.51
|
$13.19
€12.37
|
|
pay 31.3% more for clothing
Faroe Islands
|
Monaco
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$136.64
kr956.73
|
$142.47
€133.62
|
|
Regular dress
from H&M or similar store
|
$47.58
kr333.15
|
$39.03
€36.61
|
|
Running shoes
Nike or Adidas
|
$143.96
kr1,007.98
|
$149.66
€140.36
|
|
Men's business shoes (leather) |
$204.96
kr1,435.09
|
$481.56
€451.64
|
|
Change currency:
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Monaco 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.