Cost of living and expenses in Faroe Islands

Food Restaurants Cost Of Living Entertainment

What are the costs of living, how much do you have to spend on fees and expenses in Faroe Islands? What is the cost of a mortgage, what are the average earnings in Faroe Islands, and how much do you have to spend on clothes or a flat in the centre or on the outskirts of the city?
Below you will read about the expenses, fees, rental prices, how much you have to pay for clothes or shoes and the cost of living in Faroe Islands (The last update: today)

See also: food prices   Prices in restaurants   entertainment costs  

Currency in Faroe Islands Danish krone (DKK). For 10 US dollars you can get 71.5 Danish kroner. For 100 US dollars you can get 715 Danish kroner. And the other way around: For 10 Danish kroner you can get 1.4 US dollars.


What are the different prices in the cities in Faroe Islands? Look here: Prices in cities in Faroe Islands

Prices: Tórshavn   Sumba   Vestmanna   Klaksvik   Hoyvik   Nordragota   Gotugjogv   Haldarsvik   Gasadalur   Tjornuvik  


Price fees $126 ($64 - $175)

fees

$126 ($64 - $175)
39% is less expensive than in United States

Price internet $58 ($56 - $63)

internet

$58 ($56 - $63)
18% is less expensive than in United States

Price jeans $128 ($56 - $168)

jeans

$128 ($56 - $168)
140% more than in United States

Price average earnings $2.02K

average earnings

$2.02K
by half less than in United States

Price renting a small apartment in the center $808 ($559 - $1.12K)

renting a small apartment in the center

$808 ($559 - $1.12K)
by half less than in United States

Price renting a large apartment outside the center $1.3K ($1.04K - $1.68K)

renting a large apartment outside the center

$1.3K ($1.04K - $1.68K)
by half less than in United States

The cost of living in Faroe Islands:

  1. One-way Ticket (Local Transport) $NaN (DKKNaN)
  2. Monthly Pass (Regular Price) $NaN (DKKNaN)
  3. Gasoline (1 liter) $1.7 (DKK 12.2)
  4. Volkswagen Golf 1.4 90 KW (or equivalent new car) $38.7K (DKK 277K)
  5. Apartment (1 bedroom) in city centre $808 (DKK 5.78K)
  6. Apartment (1 bedroom) outside of centre $716 (DKK 5.12K)
  7. Apartment (3 bedrooms) in city centre $1.63K (DKK 11.7K)
  8. Apartment (3 bedrooms) outside of centre $1.3K (DKK 9.33K)
  9. Utilities (electricity, heating, water, garbage) for an 85m2 apartment $126 (DKK 904)
  10. Internet (60 Mbps or more, unlimited data, cable/ADSL) $58 (DKK 417)
  11. numb_34 $39 (DKK 280)
  12. 1 pair of jeans (Levis 501 or similar) $128 (DKK 913)
  13. 1 Summer Dress in a Chain Store (Zara, H&M,...) $49 (DKK 350)
  14. 1 pair of Nike running shoes or similar $133 (DKK 950)
  15. 1 pair of men's leather shoes $168 (DKK 1.2K)
  16. Toyota Corolla 1.6l, 97kW Comfort (or equivalent new car) $45.7K (DKK 327K)
  17. Preschool (or Kindergarten), Private, Monthly for 1 Child $430 (DKK 3.08K)
  18. Price per square meter for an apartment in the city center $3.23K (DKK 23.1K)
  19. International Primary School, Annually for 1 Child $1.04K (DKK 7.47K)
  20. Price per square meter for an apartment outside of city centre $1.61K (DKK 11.5K)
  21. Average Monthly Net Salary (After Tax) $2.02K (DKK 14.4K)
  22. Mortgage annual interest rate in percentages (%) 3.1%
  23. Taxi starting fare (normal tariff) $10.5 (DKK 75)
  24. Taxi 1 hour waiting (normal tariff) $47 (DKK 336)
source: hikersbay.com & numbeo.com

Do you want to learn more about different prices? See the following comparison:

Price local beer $7.7 ($4.9 - $8.4)

local beer

$7.7 ($4.9 - $8.4)
28% more than in United States

Price average earnings $2.02K

average earnings

$2.02K
by half less than in United States

Price Burger King or a similar bar $14 ($14 - $21)

Burger King or a similar bar

$14 ($14 - $21)
30% more than in United States

Price cheese $13.2 ($10.4 - $16.8)

cheese

$13.2 ($10.4 - $16.8)
2.9% more than in United States

Price Cola, Pepsi, Sprite, Mirinda $2.8 ($2.4 - $3.5)

Cola, Pepsi, Sprite, Mirinda

$2.8 ($2.4 - $3.5)
14% more than in United States

Price cheap restaurant $21 ($12.6 - $37)

cheap restaurant

$21 ($12.6 - $37)
4.9% more than in United States