Cost of living comparison
Faroe Islands is 14.7% more expensive than Iceland.
If you lived in Faroe Islands instead of Iceland, you would:
pay 32.5% more for restaurants
Iceland
|
Faroe Islands
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$17.84
kr2,519
|
$21.96
kr153.76
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
kr2,015
|
$19.03
kr133.26
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.32
kr327
|
$3.40
kr23.83
|
|
Bottle of water (11 fl. oz) |
$2.12
kr300
|
$2.68
kr18.79
|
|
pay 42.6% more for groceries
Iceland
|
Faroe Islands
|
||
---|---|---|---|
Bread
1 loaf
|
$3.42
kr484
|
$4.00
kr28.02
|
|
Local cheese (8 oz) |
$5.98
kr845
|
$7.32
kr51.25
|
|
Milk (1 gallon) |
$5.33
kr752
|
$7.02
kr49.15
|
|
Eggs
1 dozen
|
$5.66
kr799
|
$3.86
kr26.99
|
|
Boneless chicken breast (1 lb) |
$7.09
kr1,002
|
$2.66
kr18.60
|
|
Apples (1 lb) |
$1.16
kr164
|
$1.33
kr9.30
|
|
Bananas (1 lb) |
$0.98
kr139
|
$1.43
kr10.00
|
|
Oranges (1 lb) |
$1.17
kr166
|
$1.66
kr11.62
|
|
Tomatoes (1 lb) |
$1.84
kr259
|
$1.73
kr12.09
|
|
Potatoes (1 lb) |
$0.96
kr135
|
?? | |
Onions (1 lb) |
$0.51
kr72
|
$2.32
kr16.27
|
|
pay 14.4% more for transportation
Iceland
|
Faroe Islands
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.03
kr1,135
|
$6.79
kr47.53
|
|
Monthly public transit pass |
$77.40
kr10,932
|
?? | |
New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
kr4,214,452
|
$43,041.61
kr301,368.72
|
|
Taxi trip in downtown area (5 miles) |
$23.97
kr3,385
|
?? | |
pay 8.1% more for housing
Iceland
|
Faroe Islands
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
kr8,814
|
$58.56
kr410.03
|
|
1-Bedroom apartment in downtown area |
$1,437.14
kr202,996
|
$976.00
kr6,833.76
|
|
1-Bedroom apartment outside city center |
$1,215.63
kr171,707
|
$805.20
kr5,637.85
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
kr9,694
|
$140.39
kr982.98
|
|
pay 9.6% less for childcare
Iceland
|
Faroe Islands
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$259.34
kr36,632
|
$366.00
kr2,562.66
|
|
Middle school for 1 child, two semesters |
$2,750.10
kr388,451
|
$1,090.92
kr7,638.38
|
|
pay 9.5% more for entertainment and sports
Iceland
|
Faroe Islands
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.52
kr1,204
|
$8.78
kr61.50
|
|
Cappuccino in mid-range area |
$4.15
kr587
|
$5.67
kr39.72
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
kr1,502
|
$9.52
kr66.63
|
|
Monthly membership at local gym |
$56.90
kr8,037
|
$56.36
kr394.65
|
|
Movie ticket to theater/cinema |
$12.27
kr1,734
|
$14.64
kr102.51
|
|
pay 5.6% more for clothing
Iceland
|
Faroe Islands
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$118.08
kr16,678
|
$136.64
kr956.73
|
|
Regular dress
from H&M or similar store
|
$50.39
kr7,117
|
$47.58
kr333.15
|
|
Running shoes
Nike or Adidas
|
$151.12
kr21,345
|
$143.96
kr1,007.98
|
|
Men's business shoes (leather) |
$175.20
kr24,747
|
$204.96
kr1,435.09
|
|
Change currency:
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Faroe Islands or Iceland. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.