Cost of living comparison
compared to
Torshavn vs. Madrid Cost of Living Summary
Torshavn is 12.2% more expensive than Madrid.
Torshavn vs. Madrid Cost Breakdown
If you lived in Torshavn instead of Madrid, you would:
pay 47.1% more for restaurants
|
Madrid
|
Torshavn
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$17.92
€15.95
|
$26.22
DKK174.37
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.20
€9.97
|
$19.96
DKK132.75
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.30
€2.94
|
$3.25
DKK21.58
|
|
| Bottle of water (11 fl. oz) |
$2.30
€2.05
|
$2.65
DKK17.60
|
|
Madrid vs. Torshavn - Cost of restaurants
pay 84.4% more for groceries
|
Madrid
|
Torshavn
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.57
€1.39
|
$4.94
DKK32.88
|
|
| Local cheese (8 oz) |
$8.35
€7.43
|
$8.24
DKK54.80
|
|
| Milk (1 gallon) |
$5.25
€4.67
|
$8.61
DKK57.24
|
|
|
Eggs
1 dozen
|
$4.15
€3.69
|
$6.35
DKK42.25
|
|
| Boneless chicken breast (1 lb) |
$4.23
€3.76
|
$6.46
DKK42.94
|
|
| Apples (1 lb) |
$1.17
€1.04
|
$1.83
DKK12.20
|
|
| Bananas (1 lb) |
$0.96
€0.85
|
$2.51
DKK16.72
|
|
| Oranges (1 lb) |
$1.15
€1.02
|
$2.72
DKK18.08
|
|
| Tomatoes (1 lb) |
$1.16
€1.03
|
$2.34
DKK15.59
|
|
| Potatoes (1 lb) |
$1.00
€0.89
|
$1.65
DKK11.00
|
|
| Onions (1 lb) |
$0.97
€0.86
|
$2.08
DKK13.86
|
|
Madrid vs. Torshavn - Cost of groceries
pay 10.6% less for transportation
|
Madrid
|
Torshavn
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.88
€6.12
|
$6.59
DKK43.81
|
|
| Monthly public transit pass |
$36.95
€32.89
|
$29.96
DKK199.28
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,271.67
€31,393.06
|
?? | |
| Taxi trip in downtown area (5 miles) |
$15.84
€14.10
|
?? | |
Madrid vs. Torshavn - Cost of transportation
pay 22.4% less for housing
|
Madrid
|
Torshavn
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$34.86
€31.03
|
$89.88
DKK597.84
|
|
| 1-Bedroom apartment in downtown area |
$1,491.38
€1,327.38
|
$1,084.60
DKK7,213.90
|
|
| 1-Bedroom apartment outside city center |
$1,193.86
€1,062.58
|
$892.85
DKK5,938.52
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$144.11
€128.26
|
$98.04
DKK652.11
|
|
Madrid vs. Torshavn - Cost of housing
pay 27.0% less for childcare
|
Madrid
|
Torshavn
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$668.48
€594.97
|
$488.12
DKK3,246.59
|
|
| Middle school for 1 child, two semesters |
$17,859.91
€15,895.97
|
?? | |
Madrid vs. Torshavn - Cost of childcare
pay 65.2% more for entertainment and sports
|
Madrid
|
Torshavn
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.92
€3.49
|
$9.48
DKK63.08
|
|
| Cappuccino in mid-range area |
$3.07
€2.74
|
$6.91
DKK45.93
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.72
€5.98
|
$11.24
DKK74.73
|
|
| Monthly membership at local gym |
$50.67
€45.10
|
$55.13
DKK366.67
|
|
| Movie ticket to theater/cinema |
$11.20
€9.97
|
$16.10
DKK107.11
|
|
Madrid vs. Torshavn - Cost of entertainment and sports
pay 65.5% more for clothing
|
Madrid
|
Torshavn
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$86.50
€76.99
|
$140.41
DKK933.87
|
|
|
Regular dress
from H&M or similar store
|
$42.98
€38.25
|
$59.92
DKK398.56
|
|
|
Running shoes
Nike or Adidas
|
$108.99
€97.00
|
$166.66
DKK1,108.49
|
|
| Men's business shoes (leather) |
$112.77
€100.37
|
$244.68
DKK1,627.45
|
|
Madrid vs. Torshavn - Cost of clothing
We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this
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