Cost of living comparison
Faroe Islands is 3.1 times more expensive than Venezuela.
If you lived in Faroe Islands instead of Venezuela, you would:
pay 2.7 times more for restaurants
Venezuela
|
Faroe Islands
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$7.99
Bs79.74
|
$21.96
kr153.08
|
|
Fast food combo meal
McDonalds, or similar
|
$8.68
Bs86.60
|
$19.03
kr132.67
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.17
Bs11.71
|
$3.40
kr23.73
|
|
Bottle of water (11 fl. oz) |
$0.88
Bs8.79
|
$2.68
kr18.71
|
|
pay 2.2 times more for groceries
Venezuela
|
Faroe Islands
|
||
---|---|---|---|
Bread
1 loaf
|
$1.84
Bs18.31
|
$4.00
kr27.89
|
|
Local cheese (8 oz) |
$2.19
Bs21.84
|
$7.32
kr51.03
|
|
Milk (1 gallon) |
$6.36
Bs63.46
|
$7.02
kr48.93
|
|
Eggs
1 dozen
|
$2.09
Bs20.87
|
$3.86
kr26.87
|
|
Boneless chicken breast (1 lb) |
$2.45
Bs24.41
|
$2.66
kr18.52
|
|
Apples (1 lb) |
$1.99
Bs19.86
|
$1.33
kr9.26
|
|
Bananas (1 lb) |
$0.46
Bs4.59
|
$1.43
kr9.95
|
|
Oranges (1 lb) |
$0.57
Bs5.65
|
$1.66
kr11.57
|
|
Tomatoes (1 lb) |
$0.70
Bs6.98
|
$1.73
kr12.04
|
|
Potatoes (1 lb) |
$0.56
Bs5.63
|
?? | |
Onions (1 lb) |
$0.79
Bs7.92
|
$2.32
kr16.20
|
|
pay 2.5 times more for transportation
Venezuela
|
Faroe Islands
|
||
---|---|---|---|
Gasoline (1 gallon) |
$1.90
Bs18.92
|
$6.79
kr47.32
|
|
Monthly public transit pass |
$37.75
Bs376.54
|
?? | |
New Volkswagen Golf 1.4 (standard edition) |
$31,166.67
Bs310,871.95
|
$43,041.61
kr300,034.43
|
|
Taxi trip in downtown area (5 miles) |
$26.10
Bs260.30
|
?? | |
pay 5.6 times more for housing
Venezuela
|
Faroe Islands
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$39.45
Bs393.53
|
$58.56
kr408.21
|
|
1-Bedroom apartment in downtown area |
$172.69
Bs1,722.45
|
$976.00
kr6,803.50
|
|
1-Bedroom apartment outside city center |
$151.81
Bs1,514.18
|
$805.20
kr5,612.89
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$14.14
Bs141.06
|
$140.39
kr978.62
|
|
pay 3.1 times more for childcare
Venezuela
|
Faroe Islands
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$61.35
Bs611.96
|
$366.00
kr2,551.31
|
|
Middle school for 1 child, two semesters |
$7,600.00
Bs75,806.21
|
$1,090.92
kr7,604.56
|
|
pay 3.4 times more for entertainment and sports
Venezuela
|
Faroe Islands
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.30
Bs12.94
|
$8.78
kr61.23
|
|
Cappuccino in mid-range area |
$1.61
Bs16.07
|
$5.67
kr39.55
|
|
Pack of cigarettes
Marlboro or similar
|
$3.77
Bs37.65
|
$9.52
kr66.33
|
|
Monthly membership at local gym |
$33.33
Bs332.45
|
$56.36
kr392.90
|
|
Movie ticket to theater/cinema |
$5.39
Bs53.75
|
$14.64
kr102.05
|
|
pay 2.2 times more for clothing
Venezuela
|
Faroe Islands
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$52.98
Bs528.42
|
$136.64
kr952.49
|
|
Regular dress
from H&M or similar store
|
$38.48
Bs383.83
|
$47.58
kr331.67
|
|
Running shoes
Nike or Adidas
|
$68.40
Bs682.30
|
$143.96
kr1,003.52
|
|
Men's business shoes (leather) |
$72.31
Bs721.21
|
$204.96
kr1,428.74
|
|
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