Cost of living comparison

compared to

Faroe Islands vs. Reykjavik Cost of Living Summary

Faroe Islands is 0.7% more expensive than Reykjavik.

Restaurants: pay 6.5% less in Faroe Islands
Groceries: pay 5.7% less in Faroe Islands
Transportation: pay 18.0% less in Faroe Islands
Housing: pay 14.0% less in Faroe Islands
Childcare: pay 71.9% more in Faroe Islands
Entertainment and Sports: pay 18.5% less in Faroe Islands
Clothing: pay 4.6% less in Faroe Islands

Expenses including entertainment and sports, transportation, housing, restaurants, groceries, and clothing are lower in Faroe Islands.

Faroe Islands vs. Reykjavik Cost Breakdown

If you lived in Faroe Islands instead of Reykjavik, you would:

Display currency: USD

pay 6.5% less for restaurants

	Reykjavik	Faroe Islands
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,452	$24.88 DKK158.72	-9.5%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,859	$20.13 DKK128.41	-11.6%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK419	$3.21 DKK20.49	-3.7%
Bottle of water (11 fl. oz)	$2.70 ISK339	$2.66 DKK16.97	-1.4%
Average			-6.5%

Reykjavik vs. Faroe Islands - Cost of restaurants

Improve prices · Change currency (USD)

pay 5.7% less for groceries

	Reykjavik	Faroe Islands
Bread 1 loaf	$4.63 ISK582	$7.99 DKK50.99	+72.4%
Local cheese (8 oz)	$9.44 ISK1,186	$6.13 DKK39.10	-35.1%
Milk (1 gallon)	$7.63 ISK959	$10.29 DKK65.68	+34.9%
Eggs 1 dozen	$6.50 ISK817	$5.83 DKK37.21	-10.3%
Boneless chicken breast (1 lb)	$11.29 ISK1,419	$6.39 DKK40.76	-43.4%
Apples (1 lb)	$1.59 ISK200	$1.06 DKK6.79	-33.1%
Bananas (1 lb)	$1.17 ISK147	$1.28 DKK8.15	+9.3%
Oranges (1 lb)	$1.49 ISK187	$1.42 DKK9.06	-4.6%
Tomatoes (1 lb)	$2.54 ISK319	$0.85 DKK5.43	-66.4%
Potatoes (1 lb)	$1.70 ISK213	$1.28 DKK8.15	-24.7%
Onions (1 lb)	$1.13 ISK142	$1.56 DKK9.96	+38.2%
Average			-5.7%

Reykjavik vs. Faroe Islands - Cost of groceries

Improve prices · Change currency (USD)

pay 18.0% less for transportation

	Reykjavik	Faroe Islands
Gasoline (1 gallon)	$9.66 ISK1,214	$7.92 DKK50.52	-18.0%
Monthly public transit pass	$88.58 ISK11,129	??
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,378,360	??
Taxi trip in downtown area (5 miles)	$28.07 ISK3,526	??
Average			-18.0%

Reykjavik vs. Faroe Islands - Cost of transportation

Improve prices · Change currency (USD)

pay 14.0% less for housing

	Reykjavik	Faroe Islands
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,298	$70.42 DKK449.31	-14.1%
1-Bedroom apartment in downtown area	$2,259.48 ISK283,859	$898.43 DKK5,732.07	-60.2%
1-Bedroom apartment outside city center	$2,034.90 ISK255,645	$1,017.24 DKK6,490.10	-50.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,648	$102.42 DKK653.47	+68.3%
Average			-14.0%

Reykjavik vs. Faroe Islands - Cost of housing

Improve prices · Change currency (USD)

pay 71.9% more for childcare

	Reykjavik	Faroe Islands
Private preschool for 1 child, monthly	$327.78 ISK41,179	$563.40 DKK3,594.52	+71.9%
Middle school for 1 child, two semesters	$30,711.08 ISK3,858,233	??
Average			+71.9%

Reykjavik vs. Faroe Islands - Cost of childcare

Improve prices · Change currency (USD)

pay 18.5% less for entertainment and sports

	Reykjavik	Faroe Islands
Domestic/local beer (1 pint)	$13.12 ISK1,649	$9.39 DKK59.91	-28.4%
Cappuccino in mid-range area	$6.17 ISK776	$7.09 DKK45.23	+14.8%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,751	$10.95 DKK69.89	-21.4%
Monthly membership at local gym	$87.35 ISK10,974	$40.90 DKK260.94	-53.2%
Movie ticket to theater/cinema	$17.18 ISK2,159	$16.43 DKK104.84	-4.4%
Average			-18.5%

Reykjavik vs. Faroe Islands - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 4.6% less for clothing

	Reykjavik	Faroe Islands
Regular jeans Levi's brand	$145.10 ISK18,228	$153.84 DKK981.50	+6.0%
Regular dress from H&M or similar store	$63.97 ISK8,036	$62.60 DKK399.39	-2.1%
Running shoes Nike or Adidas	$193.43 ISK24,301	$169.54 DKK1,081.68	-12.4%
Men's business shoes (leather)	$248.79 ISK31,256	$224.31 DKK1,431.15	-9.8%
Average			-4.6%

Reykjavik vs. Faroe Islands - Cost of clothing

Improve prices · Change currency (USD)

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

More cost comparisons

Reykjavik vs.

Hanoi

Reykjavik vs.

Bangkok

Reykjavik vs.

Manila

Reykjavik vs.

Kiev

Reykjavik vs.

Madrid

Reykjavik vs.

Rome

Reykjavik vs.

Phnom Penh

Reykjavik vs.

Beijing

Share this

Compare countries by overall cost of living

See the cost of living in Iceland vs. Faroe Islands. This provides a comparison of the average cost of living from cities within Iceland and Faroe Islands.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Reykjavik

Add prices for Faroe Islands

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Faroe Islands or Reykjavik. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.