Cost of living comparison
compared to
Faroe Islands vs. Monaco Cost of Living Summary
Faroe Islands is 36.0% cheaper than Monaco overall.
- Restaurants
-
pay 21.3% less in Faroe Islands
- Groceries
-
pay 20.6% less in Faroe Islands
- Transportation
-
pay 14.2% less in Faroe Islands
- Housing
-
pay 63.4% less in Faroe Islands
- Childcare
-
pay 81.3% less in Faroe Islands
- Entertainment and Sports
-
pay 17.7% less in Faroe Islands
- Clothing
-
pay 33.3% less in Faroe Islands
Expenses including childcare, housing, clothing, restaurants, groceries, and entertainment and sports are lower in Faroe Islands.
Faroe Islands vs. Monaco Cost Breakdown
If you lived in Faroe Islands instead of Monaco, you would:
pay 21.3% less for restaurants
|
Monaco
|
Faroe Islands
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$39.76
€33.87
|
$24.88
DKK158.26
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.60
€9.88
|
$20.13
DKK128.05
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$6.54
€5.57
|
$3.21
DKK20.43
|
|
| Bottle of water (11 fl. oz) |
$9.00
€7.67
|
$2.66
DKK16.93
|
|
Monaco vs. Faroe Islands - Cost of restaurants
pay 20.6% less for groceries
|
Monaco
|
Faroe Islands
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$4.78
€4.07
|
$7.99
DKK50.84
|
|
| Local cheese (8 oz) |
$11.68
€9.95
|
$6.13
DKK38.99
|
|
| Milk (1 gallon) |
$7.92
€6.75
|
$10.29
DKK65.49
|
|
|
Eggs
1 dozen
|
$5.24
€4.47
|
$5.83
DKK37.10
|
|
| Boneless chicken breast (1 lb) |
$7.89
€6.72
|
$6.39
DKK40.64
|
|
| Apples (1 lb) |
$2.06
€1.76
|
$1.06
DKK6.77
|
|
| Bananas (1 lb) |
$2.52
€2.14
|
$1.28
DKK8.13
|
|
| Oranges (1 lb) |
$2.27
€1.93
|
$1.42
DKK9.03
|
|
| Tomatoes (1 lb) |
$3.07
€2.62
|
$0.85
DKK5.42
|
|
| Potatoes (1 lb) |
$2.15
€1.83
|
$1.28
DKK8.13
|
|
| Onions (1 lb) |
$1.99
€1.69
|
$1.56
DKK9.94
|
|
Monaco vs. Faroe Islands - Cost of groceries
pay 14.2% less for transportation
|
Monaco
|
Faroe Islands
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$9.23
€7.87
|
$7.92
DKK50.37
|
|
| Monthly public transit pass |
$32.41
€27.61
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$53,574.22
€45,645.56
|
?? | |
| Taxi trip in downtown area (5 miles) |
$23.36
€19.90
|
?? | |
Monaco vs. Faroe Islands - Cost of transportation
pay 63.4% less for housing
|
Monaco
|
Faroe Islands
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$83.51
€71.15
|
$70.42
DKK448.03
|
|
| 1-Bedroom apartment in downtown area |
$8,162.46
€6,954.47
|
$898.43
DKK5,715.63
|
|
| 1-Bedroom apartment outside city center |
$5,372.75
€4,577.62
|
$1,017.24
DKK6,471.49
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$318.65
€271.49
|
$102.42
DKK651.60
|
|
Monaco vs. Faroe Islands - Cost of housing
pay 81.3% less for childcare
|
Monaco
|
Faroe Islands
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$3,007.57
€2,562.47
|
$563.40
DKK3,584.21
|
|
| Middle school for 1 child, two semesters |
$32,046.71
€27,303.99
|
?? | |
Monaco vs. Faroe Islands - Cost of childcare
pay 17.7% less for entertainment and sports
|
Monaco
|
Faroe Islands
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.22
€8.71
|
$9.39
DKK59.74
|
|
| Cappuccino in mid-range area |
$5.37
€4.58
|
$7.09
DKK45.10
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.72
€11.69
|
$10.95
DKK69.69
|
|
| Monthly membership at local gym |
$558.45
€475.80
|
$40.90
DKK260.19
|
|
| Movie ticket to theater/cinema |
$16.35
€13.93
|
$16.43
DKK104.54
|
|
Monaco vs. Faroe Islands - Cost of entertainment and sports
pay 33.3% less for clothing
|
Monaco
|
Faroe Islands
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$211.84
€180.49
|
$153.84
DKK978.69
|
|
|
Regular dress
from H&M or similar store
|
$87.40
€74.47
|
$62.60
DKK398.25
|
|
|
Running shoes
Nike or Adidas
|
$221.48
€188.70
|
$169.54
DKK1,078.58
|
|
| Men's business shoes (leather) |
$487.05
€414.97
|
$224.31
DKK1,427.05
|
|
Monaco 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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