Cost of living comparison
Faroe Islands is 60.2% more expensive than South Korea.
If you lived in Faroe Islands instead of South Korea, you would:
pay 2.9 times more for restaurants
South Korea
|
Faroe Islands
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$6.44
₩8,914
|
$17.45
DKK119.97
|
|
Fast food combo meal
McDonalds, or similar
|
$5.49
₩7,588
|
$16.00
DKK109.96
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.39
₩1,922
|
$2.98
DKK20.51
|
|
Bottle of water (11 fl. oz) |
$0.74
₩1,020
|
$2.79
DKK19.18
|
|
pay 1.5% less for groceries
South Korea
|
Faroe Islands
|
||
---|---|---|---|
Bread
1 loaf
|
$2.87
₩3,968
|
$7.30
DKK50.22
|
|
Local cheese (8 oz) |
$6.02
₩8,325
|
$5.70
DKK39.16
|
|
Milk (1 gallon) |
$7.79
₩10,777
|
$7.50
DKK51.55
|
|
Eggs
1 dozen
|
$3.21
₩4,442
|
$4.02
DKK27.60
|
|
Boneless chicken breast (1 lb) |
$2.83
₩3,915
|
?? | |
Apples (1 lb) |
$2.76
₩3,821
|
$0.99
DKK6.79
|
|
Bananas (1 lb) |
$1.39
₩1,922
|
$1.19
DKK8.15
|
|
Oranges (1 lb) |
$2.49
₩3,443
|
$1.32
DKK9.05
|
|
Tomatoes (1 lb) |
$2.03
₩2,808
|
$0.79
DKK5.43
|
|
Potatoes (1 lb) |
$1.69
₩2,337
|
$1.19
DKK8.15
|
|
Onions (1 lb) |
$1.10
₩1,520
|
$1.45
DKK9.96
|
|
pay 56.8% more for transportation
South Korea
|
Faroe Islands
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.58
₩6,329
|
$7.34
DKK50.48
|
|
Monthly public transit pass |
$48.21
₩66,685
|
?? | |
New Volkswagen Golf 1.4 (standard edition) |
$27,876.80
₩38,556,128
|
$42,670.46
DKK293,338.05
|
|
Taxi trip in downtown area (5 miles) |
$8.80
₩12,170
|
?? | |
pay 2.1 times more for housing
South Korea
|
Faroe Islands
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$20.28
₩28,044
|
$61.68
DKK424.04
|
|
1-Bedroom apartment in downtown area |
$421.68
₩583,220
|
$780.09
DKK5,362.74
|
|
1-Bedroom apartment outside city center |
$330.55
₩457,187
|
$895.02
DKK6,152.78
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$129.93
₩179,700
|
$94.99
DKK653.00
|
|
pay 94.3% less for childcare
South Korea
|
Faroe Islands
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$386.50
₩534,566
|
?? | |
Middle school for 1 child, two semesters |
$18,893.14
₩26,130,912
|
$1,082.77
DKK7,443.49
|
|
pay 79.8% more for entertainment and sports
South Korea
|
Faroe Islands
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$2.93
₩4,046
|
$5.67
DKK38.96
|
|
Cappuccino in mid-range area |
$3.45
₩4,775
|
$5.00
DKK34.38
|
|
Pack of cigarettes
Marlboro or similar
|
$3.33
₩4,611
|
$9.43
DKK64.85
|
|
Monthly membership at local gym |
$48.95
₩67,702
|
$56.24
DKK386.63
|
|
Movie ticket to theater/cinema |
$9.82
₩13,588
|
$15.97
DKK109.75
|
|
pay 83.5% more for clothing
South Korea
|
Faroe Islands
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$62.63
₩86,629
|
$137.88
DKK947.86
|
|
Regular dress
from H&M or similar store
|
$43.35
₩59,952
|
$50.80
DKK349.21
|
|
Running shoes
Nike or Adidas
|
$72.22
₩99,886
|
$137.88
DKK947.86
|
|
Men's business shoes (leather) |
$98.82
₩136,671
|
$203.19
DKK1,396.85
|
|
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