Cost of living comparison
compared to
Torshavn vs. Monaco Cost of Living Summary
Torshavn is 50.5% cheaper than Monaco.
Torshavn vs. Monaco Cost Breakdown
If you lived in Torshavn instead of Monaco, you would:
pay 20.3% more for restaurants
|
Monaco
|
Torshavn
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.60
€17.50
|
$26.22
DKK175.58
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.32
€11.00
|
$19.96
DKK133.67
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$6.08
€5.43
|
$3.25
DKK21.73
|
|
| Bottle of water (11 fl. oz) |
$4.48
€4.00
|
$2.65
DKK17.73
|
|
Monaco vs. Torshavn - Cost of restaurants
pay 43.2% more for groceries
|
Monaco
|
Torshavn
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.31
€2.95
|
$4.94
DKK33.11
|
|
| Local cheese (8 oz) |
$6.83
€6.10
|
$8.24
DKK55.18
|
|
| Milk (1 gallon) |
$6.71
€5.99
|
$8.61
DKK57.63
|
|
|
Eggs
1 dozen
|
$4.87
€4.35
|
$6.35
DKK42.54
|
|
| Boneless chicken breast (1 lb) |
$7.62
€6.80
|
$6.46
DKK43.23
|
|
| Apples (1 lb) |
$1.46
€1.30
|
$1.83
DKK12.29
|
|
| Bananas (1 lb) |
$1.27
€1.13
|
$2.51
DKK16.84
|
|
| Oranges (1 lb) |
$1.23
€1.10
|
$2.72
DKK18.20
|
|
| Tomatoes (1 lb) |
$1.57
€1.40
|
$2.34
DKK15.70
|
|
| Potatoes (1 lb) |
$1.10
€0.98
|
$1.65
DKK11.07
|
|
| Onions (1 lb) |
$1.27
€1.13
|
$2.08
DKK13.96
|
|
Monaco vs. Torshavn - Cost of groceries
pay 5.4% less for transportation
|
Monaco
|
Torshavn
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.62
€7.70
|
$6.59
DKK44.11
|
|
| Monthly public transit pass |
$23.51
€21.00
|
$29.96
DKK200.66
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$48,347.38
€43,169.23
|
?? | |
| Taxi trip in downtown area (5 miles) | ?? | ?? | |
Monaco vs. Torshavn - Cost of transportation
pay 85.1% less for housing
|
Monaco
|
Torshavn
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$63.82
€56.99
|
$89.88
DKK601.99
|
|
| 1-Bedroom apartment in downtown area |
$9,144.51
€8,165.10
|
$1,084.60
DKK7,264.01
|
|
| 1-Bedroom apartment outside city center |
$8,248.72
€7,365.26
|
$892.85
DKK5,979.77
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$323.95
€289.26
|
$98.04
DKK656.64
|
|
Monaco vs. Torshavn - Cost of housing
pay 77.6% less for childcare
|
Monaco
|
Torshavn
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,183.48
€1,949.63
|
$488.12
DKK3,269.14
|
|
| Middle school for 1 child, two semesters |
$44,649.46
€39,867.36
|
?? | |
Monaco vs. Torshavn - Cost of childcare
pay 19.5% less for entertainment and sports
|
Monaco
|
Torshavn
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.08
€9.00
|
$9.48
DKK63.52
|
|
| Cappuccino in mid-range area |
$3.70
€3.30
|
$6.91
DKK46.25
|
|
|
Pack of cigarettes
Marlboro or similar
|
$14.00
€12.50
|
$11.24
DKK75.25
|
|
| Monthly membership at local gym |
$226.75
€202.46
|
$55.13
DKK369.22
|
|
| Movie ticket to theater/cinema |
$13.44
€12.00
|
$16.10
DKK107.86
|
|
Monaco vs. Torshavn - Cost of entertainment and sports
pay 31.1% less for clothing
|
Monaco
|
Torshavn
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$150.42
€134.31
|
$140.41
DKK940.36
|
|
|
Regular dress
from H&M or similar store
|
$83.42
€74.49
|
$59.92
DKK401.33
|
|
|
Running shoes
Nike or Adidas
|
$167.21
€149.30
|
$166.66
DKK1,116.19
|
|
| Men's business shoes (leather) |
$727.27
€649.38
|
$244.68
DKK1,638.75
|
|
Monaco 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 November 2026). How we calculate this
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Compare further: Monaco vs. Torshavn
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See the
cost of living in Monaco vs. Faroe Islands.
This provides a comparison of the average cost of living from cities within Monaco and Faroe Islands.
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