Cost of Living in Faroe Islands

Restaurants	Edit	Range
Meal, Inexpensive Restaurant	29,338.20 ₩	20,386.16-40,772.32
Meal for 2 People, Mid-range Restaurant, Three-course	183,475.43 ₩	81,544.63-224,247.74
McMeal at McDonalds (or Equivalent Combo Meal)	26,502.01 ₩	25,482.70-29,338.20
Domestic Beer (1 pint draught)	12,231.70 ₩	12,231.70-14,669.10
Imported Beer (12 oz small bottle)	11,983.49 ₩	10,193.08-22,003.65
Cappuccino (regular)	8,308.68 ₩	4,484.95-11,735.28
Coke/Pepsi (12 oz small bottle)	4,182.26 ₩	3,667.28-5,096.54
Water (12 oz small bottle)	3,199.73 ₩	2,933.82-4,077.23
Markets	Edit
Milk (regular), (1 gallon)	10,925.99 ₩	10,032.10-11,575.50
Loaf of Fresh White Bread (1 lb)	5,085.86 ₩	4,068.69-13,791.82
Rice (white), (1 lb)	2,278.80 ₩	1,109.64-3,447.95
Eggs (regular) (12)	7,107.97 ₩	4,892.68-9,540.72
Local Cheese (1 lb)	8,753.84 ₩	6,895.91-11,096.42
Chicken Fillets (1 lb)	8,543.78 ₩	8,154.47-9,154.55
Beef Round (1 lb) (or Equivalent Back Leg Red Meat)	16,644.63 ₩
Apples (1 lb)	1,618.23 ₩	1,387.05-1,849.40
Banana (1 lb)	1,525.76 ₩	1,387.05-1,664.46
Oranges (1 lb)	1,849.40 ₩	1,849.40-1,849.40
Tomato (1 lb)	1,479.52 ₩	1,109.64-1,849.40
Potato (1 lb)	1,525.76 ₩	1,387.05-1,664.46
Onion (1 lb)	1,941.87 ₩	1,849.40-2,034.34
Lettuce (1 head)	3,261.79 ₩
Water (1.5 liter bottle)	4,417.00 ₩	3,057.92-6,115.85
Bottle of Wine (Mid-Range)	16,308.93 ₩	15,289.62-28,540.62
Domestic Beer (0.5 liter bottle)	3,204.13 ₩	2,854.06-3,669.51
Imported Beer (12 oz small bottle)	3,873.37 ₩	2,446.34-5,096.54
Cigarettes 20 Pack (Marlboro)	14,270.31 ₩	13,251.00-15,289.62
Transportation	Edit
One-way Ticket (Local Transport)	0.00 ₩	0.00-6,115.85
Monthly Pass (Regular Price)	0.00 ₩	0.00-0.00
Taxi Start (Normal Tariff)	15,289.62 ₩	14,270.31-16,308.93
Taxi 1 mile (Normal Tariff)	?
Taxi 1hour Waiting (Normal Tariff)	68,412.86 ₩
Gasoline (1 gallon)	10,219.88 ₩	6,945.30-11,575.50
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	53,004,012.04 ₩
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	69,312,938.83 ₩	65,235,707.13-73,390,170.52
Utilities (Monthly)	Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment	184,269.96 ₩	93,305.88-255,642.43
Mobile Phone Monthly Plan with Calls and 10GB+ Data	53,004.01 ₩	48,926.78-57,081.24
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	84,942.33 ₩	81,544.63-91,737.71
Sports And Leisure	Edit
Fitness Club, Monthly Fee for 1 Adult	65,949.22 ₩	28,540.62-81,544.63
Tennis Court Rent (1 Hour on Weekend)	20,386.16 ₩
Cinema, International Release, 1 Seat	21,915.12 ₩	20,386.16-22,424.77
Childcare	Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	626,892.12 ₩	366,950.85-886,833.39
International Primary School, Yearly for 1 Child	0.00 ₩
Clothing And Shoes	Edit
1 Pair of Jeans (Levis 501 Or Similar)	191,069.27 ₩	122,316.95-244,633.90
1 Summer Dress in a Chain Store (Zara, H&M, ...)	81,544.63 ₩	71,351.55-91,737.71
1 Pair of Nike Running Shoes (Mid-Range)	206,409.85 ₩	163,089.27-254,826.98
1 Pair of Men Leather Business Shoes	292,201.60 ₩	163,089.27-326,178.54
Rent Per Month	Edit
Apartment (1 bedroom) in City Centre	1,316,951.92 ₩	815,446.34-2,038,615.85
Apartment (1 bedroom) Outside of Centre	1,060,080.24 ₩	815,446.34-1,834,754.26
Apartment (3 bedrooms) in City Centre	2,446,339.02 ₩	2,038,615.85-3,057,923.77
Apartment (3 bedrooms) Outside of Centre	1,816,319.78 ₩	1,427,031.09-2,446,339.02
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	473,648.43 ₩	341,579.03-568,176.10
Price per Square Feet to Buy Apartment Outside of Centre	477,684.59 ₩	265,148.85-883,816.86
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	2,922,463.87 ₩
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.10	2.99-3.20

Prices in Faroe Islands

This country had 50 entries in the past 12 months by 8 different contributors.
Last update: December 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References