Cost of living comparison

Faroe Islands

compared to

Serbia

Belgrade vs. Torshavn Cost of Living Summary

Belgrade is 33.6% cheaper than Torshavn.

Restaurants: pay 37.9% less in Belgrade
Groceries: pay 62.8% less in Belgrade
Transportation: pay 8.7% more in Belgrade
Housing: pay 23.6% less in Belgrade
Childcare: pay 12.8% less in Belgrade
Entertainment and Sports: pay 48.5% less in Belgrade
Clothing: pay 27.7% less in Belgrade

Expenses including groceries, entertainment and sports, restaurants, clothing, housing, and childcare are lower in Belgrade.

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Belgrade vs. Torshavn Cost Breakdown

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

Display currency: USD

pay 37.9% less for restaurants

	Torshavn	Belgrade
Basic meal with drink at inexpensive restaurant	$26.22 DKK175.58	$13.25 RSD1,395	-49.4%
Fast food combo meal McDonalds, or similar	$19.96 DKK133.67	$13.35 RSD1,405	-33.1%
Bottle of Coca-Cola (11 fl. oz)	$3.25 DKK21.73	$2.79 RSD294	-14.0%
Bottle of water (11 fl. oz)	$2.65 DKK17.73	$2.31 RSD243	-12.8%
Average			-37.9%

Torshavn vs. Belgrade - Cost of restaurants

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pay 62.8% less for groceries

	Torshavn	Belgrade
Bread 1 loaf	$4.94 DKK33.11	$1.15 RSD121	-76.7%
Local cheese (8 oz)	$8.24 DKK55.18	$5.65 RSD595	-31.4%
Milk (1 gallon)	$8.61 DKK57.63	$5.41 RSD569	-37.2%
Eggs 1 dozen	$6.35 DKK42.54	$2.75 RSD289	-56.8%
Boneless chicken breast (1 lb)	$6.46 DKK43.23	$3.08 RSD325	-52.2%
Apples (1 lb)	$1.83 DKK12.29	$0.74 RSD78	-59.7%
Bananas (1 lb)	$2.51 DKK16.84	$0.83 RSD87	-67.2%
Oranges (1 lb)	$2.72 DKK18.20	$0.85 RSD89	-68.9%
Tomatoes (1 lb)	$2.34 DKK15.70	$1.39 RSD146	-40.8%
Potatoes (1 lb)	$1.65 DKK11.07	$0.41 RSD43	-75.2%
Onions (1 lb)	$2.08 DKK13.96	$0.32 RSD33	-84.9%
Average			-62.8%

Torshavn vs. Belgrade - Cost of groceries

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pay 8.7% more for transportation

	Torshavn	Belgrade
Gasoline (1 gallon)	$6.59 DKK44.11	$7.16 RSD754	+8.7%
Monthly public transit pass	$29.96 DKK200.66	??
New Volkswagen Golf 1.4 (standard edition)	??	$30,517.27 RSD3M
Taxi trip in downtown area (5 miles)	??	$11.06 RSD1,164
Average			+8.7%

Torshavn vs. Belgrade - Cost of transportation

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pay 23.6% less for housing

	Torshavn	Belgrade
Internet connection 50 mbps or faster, cable/dsl	$89.88 DKK601.99	$35.64 RSD3,752	-60.3%
1-Bedroom apartment in downtown area	$1,084.60 DKK7,264.01	$821.08 RSD86,421	-24.3%
1-Bedroom apartment outside city center	$892.85 DKK5,979.77	$553.04 RSD58,210	-38.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$98.04 DKK656.64	$166.93 RSD17,570	+70.3%
Average			-23.6%

Torshavn vs. Belgrade - Cost of housing

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pay 12.8% less for childcare

	Torshavn	Belgrade
Private preschool for 1 child, monthly	$488.12 DKK3,269.14	$425.54 RSD44,790	-12.8%
Middle school for 1 child, two semesters	??	$11,215.66 RSD1M
Average			-12.8%

Torshavn vs. Belgrade - Cost of childcare

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pay 48.5% less for entertainment and sports

	Torshavn	Belgrade
Domestic/local beer (1 pint)	$9.48 DKK63.52	$3.72 RSD391	-60.8%
Cappuccino in mid-range area	$6.91 DKK46.25	$3.12 RSD328	-54.8%
Pack of cigarettes Marlboro or similar	$11.24 DKK75.25	$4.67 RSD492	-58.4%
Monthly membership at local gym	$55.13 DKK369.22	$41.23 RSD4,340	-25.2%
Movie ticket to theater/cinema	$16.10 DKK107.86	$8.58 RSD903	-46.7%
Average			-48.5%

Torshavn vs. Belgrade - Cost of entertainment and sports

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pay 27.7% less for clothing

	Torshavn	Belgrade
Regular jeans Levi's brand	$140.41 DKK940.36	$110.61 RSD11,642	-21.2%
Regular dress from H&M or similar store	$59.92 DKK401.33	$46.78 RSD4,924	-21.9%
Running shoes Nike or Adidas	$166.66 DKK1,116.19	$117.03 RSD12,318	-29.8%
Men's business shoes (leather)	$244.68 DKK1,638.75	$154.95 RSD16,309	-36.7%
Average			-27.7%

Torshavn vs. Belgrade - 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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