Cost of living comparison

Latvia

compared to

Faroe Islands

Torshavn vs. Riga Cost of Living Summary

Torshavn is 55.9% more expensive than Riga.

Restaurants: pay 86.0% more in Torshavn
Groceries: pay 2.4 times more in Torshavn
Transportation: pay 13.3% less in Torshavn
Housing: pay 64.6% more in Torshavn
Childcare: pay 24.4% less in Torshavn
Entertainment and Sports: pay 50.1% more in Torshavn
Clothing: pay 69.6% more in Torshavn

The cost of groceries, restaurants, clothing, housing, and entertainment and sports in Torshavn are more expensive than in Riga. Expenses including childcare and transportation are lower in Torshavn. Notably, groceries and restaurants are significantly more expensive in Torshavn.

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Torshavn vs. Riga Cost Breakdown

If you lived in Torshavn instead of Riga, you would:

Display currency: USD

pay 86.0% more for restaurants

	Riga	Torshavn
Basic meal with drink at inexpensive restaurant	$16.80 €15.00	$26.22 DKK175.58	+56.1%
Fast food combo meal McDonalds, or similar	$9.24 €8.25	$19.96 DKK133.67	+116.1%
Bottle of Coca-Cola (11 fl. oz)	$1.61 €1.44	$3.25 DKK21.73	+101.2%
Bottle of water (11 fl. oz)	$1.18 €1.05	$2.65 DKK17.73	+124.6%
Average			+86.0%

Riga vs. Torshavn - Cost of restaurants

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pay 2.4 times more for groceries

	Riga	Torshavn
Bread 1 loaf	$1.43 €1.28	$4.94 DKK33.11	+246.0%
Local cheese (8 oz)	$5.22 €4.66	$8.24 DKK55.18	+57.8%
Milk (1 gallon)	$4.41 €3.94	$8.61 DKK57.63	+95.2%
Eggs 1 dozen	$3.76 €3.36	$6.35 DKK42.54	+69.0%
Boneless chicken breast (1 lb)	$3.91 €3.49	$6.46 DKK43.23	+65.1%
Apples (1 lb)	$1.00 €0.89	$1.83 DKK12.29	+84.3%
Bananas (1 lb)	$0.83 €0.74	$2.51 DKK16.84	+204.5%
Oranges (1 lb)	$1.13 €1.01	$2.72 DKK18.20	+140.9%
Tomatoes (1 lb)	$1.40 €1.25	$2.34 DKK15.70	+68.0%
Potatoes (1 lb)	$0.40 €0.36	$1.65 DKK11.07	+312.1%
Onions (1 lb)	$0.42 €0.38	$2.08 DKK13.96	+395.7%
Average			+137.9%

Riga vs. Torshavn - Cost of groceries

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pay 13.3% less for transportation

	Riga	Torshavn
Gasoline (1 gallon)	$7.75 €6.92	$6.59 DKK44.11	-15.0%
Monthly public transit pass	$33.59 €29.99	$29.96 DKK200.66	-10.8%
New Volkswagen Golf 1.4 (standard edition)	$27,308.11 €24,383.33	??
Taxi trip in downtown area (5 miles)	$11.42 €10.20	??
Average			-13.3%

Riga vs. Torshavn - Cost of transportation

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pay 64.6% more for housing

	Riga	Torshavn
Internet connection 50 mbps or faster, cable/dsl	$20.41 €18.23	$89.88 DKK601.99	+340.3%
1-Bedroom apartment in downtown area	$582.45 €520.07	$1,084.60 DKK7,264.01	+86.2%
1-Bedroom apartment outside city center	$385.02 €343.78	$892.85 DKK5,979.77	+131.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$286.52 €255.84	$98.04 DKK656.64	-65.8%
Average			+64.6%

Riga vs. Torshavn - Cost of housing

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pay 24.4% less for childcare

	Riga	Torshavn
Private preschool for 1 child, monthly	$645.25 €576.14	$488.12 DKK3,269.14	-24.4%
Middle school for 1 child, two semesters	$17,635.84 €15,746.98	??
Average			-24.4%

Riga vs. Torshavn - Cost of childcare

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pay 50.1% more for entertainment and sports

	Riga	Torshavn
Domestic/local beer (1 pint)	$5.60 €5.00	$9.48 DKK63.52	+69.4%
Cappuccino in mid-range area	$3.72 €3.32	$6.91 DKK46.25	+85.6%
Pack of cigarettes Marlboro or similar	$6.72 €6.00	$11.24 DKK75.25	+67.2%
Monthly membership at local gym	$49.91 €44.56	$55.13 DKK369.22	+10.5%
Movie ticket to theater/cinema	$10.75 €9.60	$16.10 DKK107.86	+49.8%
Average			+50.1%

Riga vs. Torshavn - Cost of entertainment and sports

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pay 69.6% more for clothing

	Riga	Torshavn
Regular jeans Levi's brand	$69.42 €61.99	$140.41 DKK940.36	+102.2%
Regular dress from H&M or similar store	$50.39 €44.99	$59.92 DKK401.33	+18.9%
Running shoes Nike or Adidas	$85.85 €76.65	$166.66 DKK1,116.19	+94.1%
Men's business shoes (leather)	$138.10 €123.31	$244.68 DKK1,638.75	+77.2%
Average			+69.6%

Riga vs. Torshavn - Cost of clothing

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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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