Cost of living comparison
compared to
Faroe Islands vs. Iceland Cost of Living Summary
Faroe Islands is 2.9% more expensive than Iceland overall.
- Restaurants
-
pay 2.7% less in Faroe Islands
- Groceries
-
pay 0.8% less in Faroe Islands
- Transportation
-
pay 18.0% less in Faroe Islands
- Housing
-
pay 18.6% less in Faroe Islands
- Childcare
-
pay 68.3% more in Faroe Islands
- Entertainment and Sports
-
pay 12.1% less in Faroe Islands
- Clothing
-
pay 4.2% more in Faroe Islands
The cost of childcare and clothing in Faroe Islands are more expensive than in Iceland. Expenses including housing, transportation, entertainment and sports, restaurants, and groceries are lower in Faroe Islands.
Faroe Islands vs. Iceland Cost Breakdown
If you lived in Faroe Islands instead of Iceland, you would:
pay 2.7% less for restaurants
|
Iceland
|
Faroe Islands
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$26.52
ISK3,394
|
$24.88
DKK160.21
|
|
|
Fast food combo meal
McDonalds, or similar
|
$21.32
ISK2,728
|
$20.13
DKK129.62
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.11
ISK398
|
$3.21
DKK20.68
|
|
| Bottle of water (11 fl. oz) |
$2.72
ISK348
|
$2.66
DKK17.13
|
|
Iceland vs. Faroe Islands - Cost of restaurants
pay 0.8% less for groceries
|
Iceland
|
Faroe Islands
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.80
ISK487
|
$7.99
DKK51.47
|
|
| Local cheese (8 oz) |
$9.44
ISK1,208
|
$6.13
DKK39.47
|
|
| Milk (1 gallon) |
$7.78
ISK996
|
$10.29
DKK66.30
|
|
|
Eggs
1 dozen
|
$6.71
ISK859
|
$5.83
DKK37.56
|
|
| Boneless chicken breast (1 lb) |
$11.22
ISK1,436
|
$6.39
DKK41.14
|
|
| Apples (1 lb) |
$1.50
ISK191
|
$1.06
DKK6.86
|
|
| Bananas (1 lb) |
$1.15
ISK147
|
$1.28
DKK8.23
|
|
| Oranges (1 lb) |
$1.41
ISK181
|
$1.42
DKK9.14
|
|
| Tomatoes (1 lb) |
$2.34
ISK300
|
$0.85
DKK5.49
|
|
| Potatoes (1 lb) |
$1.65
ISK211
|
$1.28
DKK8.23
|
|
| Onions (1 lb) |
$1.09
ISK140
|
$1.56
DKK10.06
|
|
Iceland vs. Faroe Islands - Cost of groceries
pay 18.0% less for transportation
|
Iceland
|
Faroe Islands
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$9.65
ISK1,235
|
$7.92
DKK50.99
|
|
| Monthly public transit pass |
$79.56
ISK10,182
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$49,144.25
ISK6,289,481
|
?? | |
| Taxi trip in downtown area (5 miles) |
$25.55
ISK3,270
|
?? | |
Iceland vs. Faroe Islands - Cost of transportation
pay 18.6% less for housing
|
Iceland
|
Faroe Islands
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$95.65
ISK12,241
|
$70.42
DKK453.53
|
|
| 1-Bedroom apartment in downtown area |
$2,289.17
ISK292,968
|
$898.43
DKK5,785.89
|
|
| 1-Bedroom apartment outside city center |
$1,830.04
ISK234,209
|
$1,017.24
DKK6,551.04
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$65.15
ISK8,338
|
$102.42
DKK659.61
|
|
Iceland vs. Faroe Islands - Cost of housing
pay 68.3% more for childcare
|
Iceland
|
Faroe Islands
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$334.67
ISK42,830
|
$563.40
DKK3,628.27
|
|
| Middle school for 1 child, two semesters |
$30,711.08
ISK3,930,404
|
?? | |
Iceland vs. Faroe Islands - Cost of childcare
pay 12.1% less for entertainment and sports
|
Iceland
|
Faroe Islands
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$11.14
ISK1,426
|
$9.39
DKK60.47
|
|
| Cappuccino in mid-range area |
$5.62
ISK720
|
$7.09
DKK45.65
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.90
ISK1,778
|
$10.95
DKK70.55
|
|
| Monthly membership at local gym |
$78.17
ISK10,004
|
$40.90
DKK263.39
|
|
| Movie ticket to theater/cinema |
$16.75
ISK2,144
|
$16.43
DKK105.82
|
|
Iceland vs. Faroe Islands - Cost of entertainment and sports
pay 4.2% more for clothing
|
Iceland
|
Faroe Islands
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$130.91
ISK16,753
|
$153.84
DKK990.72
|
|
|
Regular dress
from H&M or similar store
|
$61.83
ISK7,913
|
$62.60
DKK403.14
|
|
|
Running shoes
Nike or Adidas
|
$163.81
ISK20,965
|
$169.54
DKK1,091.84
|
|
| Men's business shoes (leather) |
$237.31
ISK30,371
|
$224.31
DKK1,444.59
|
|
Iceland vs. Faroe Islands - 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: December 2025
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