Cost of living comparison
Faroe Islands is 10.2% cheaper than Iceland.
If you lived in Faroe Islands instead of Iceland, you would:
pay 9.9% more for restaurants
|
Iceland
|
Faroe Islands
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.51
ISK2,647
|
$17.45
DKK118.55
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.45
ISK2,231
|
$16.00
DKK108.67
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.70
ISK367
|
$2.98
DKK20.26
|
|
| Bottle of water (11 fl. oz) |
$1.95
ISK265
|
$2.79
DKK18.95
|
|
pay 18.5% more for groceries
|
Iceland
|
Faroe Islands
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.16
ISK428
|
$7.30
DKK49.63
|
|
| Local cheese (8 oz) |
$6.72
ISK911
|
$5.70
DKK38.70
|
|
| Milk (1 gallon) |
$6.27
ISK851
|
$7.50
DKK50.95
|
|
|
Eggs
1 dozen
|
$6.03
ISK818
|
$4.02
DKK27.28
|
|
| Boneless chicken breast (1 lb) |
$7.60
ISK1,031
|
?? | |
| Apples (1 lb) |
$1.13
ISK153
|
$0.99
DKK6.71
|
|
| Bananas (1 lb) |
$1.01
ISK137
|
$1.19
DKK8.05
|
|
| Oranges (1 lb) |
$1.15
ISK157
|
$1.32
DKK8.94
|
|
| Tomatoes (1 lb) |
$1.71
ISK232
|
$0.79
DKK5.37
|
|
| Potatoes (1 lb) |
$1.13
ISK153
|
$1.19
DKK8.05
|
|
| Onions (1 lb) |
$0.68
ISK92
|
$1.45
DKK9.84
|
|
pay 2.7% less for transportation
|
Iceland
|
Faroe Islands
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.42
ISK1,142
|
$7.34
DKK49.88
|
|
| Monthly public transit pass |
$68.29
ISK9,265
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$39,714.69
ISK5,387,695
|
$42,670.46
DKK289,881.75
|
|
| Taxi trip in downtown area (5 miles) |
$23.23
ISK3,151
|
?? | |
pay 14.1% less for housing
|
Iceland
|
Faroe Islands
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$74.47
ISK10,103
|
$61.68
DKK419.05
|
|
| 1-Bedroom apartment in downtown area |
$1,518.94
ISK206,059
|
$780.09
DKK5,299.56
|
|
| 1-Bedroom apartment outside city center |
$1,325.48
ISK179,814
|
$895.02
DKK6,080.29
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.99
ISK9,088
|
$94.99
DKK645.30
|
|
pay 81.9% less for childcare
|
Iceland
|
Faroe Islands
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$254.97
ISK34,589
|
?? | |
| Middle school for 1 child, two semesters |
$5,993.83
ISK813,122
|
$1,082.77
DKK7,355.79
|
|
pay 7.8% less for entertainment and sports
|
Iceland
|
Faroe Islands
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.37
ISK1,272
|
$5.67
DKK38.50
|
|
| Cappuccino in mid-range area |
$4.61
ISK626
|
$5.00
DKK33.97
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.22
ISK1,522
|
$9.43
DKK64.09
|
|
| Monthly membership at local gym |
$60.00
ISK8,140
|
$56.24
DKK382.07
|
|
| Movie ticket to theater/cinema |
$13.94
ISK1,891
|
$15.97
DKK108.46
|
|
pay 6.6% more for clothing
|
Iceland
|
Faroe Islands
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.23
ISK14,683
|
$137.88
DKK936.69
|
|
|
Regular dress
from H&M or similar store
|
$59.73
ISK8,103
|
$50.80
DKK345.10
|
|
|
Running shoes
Nike or Adidas
|
$146.94
ISK19,934
|
$137.88
DKK936.69
|
|
| Men's business shoes (leather) |
$169.24
ISK22,959
|
$203.19
DKK1,380.39
|
|
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