Cost of living comparison
Iceland is 10.6% more expensive than Faroe Islands.
If you lived in Iceland instead of Faroe Islands, you would:
pay 12.9% less for restaurants
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$22.84
DKK158.89
|
$19.40
ISK2,691
|
|
|
Fast food combo meal
McDonalds, or similar
|
$19.35
DKK134.65
|
$16.94
ISK2,350
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.01
DKK20.97
|
$2.81
ISK390
|
|
| Bottle of water (11 fl. oz) |
$2.44
DKK17.00
|
$2.02
ISK280
|
|
pay 9.6% more for groceries
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$7.20
DKK50.12
|
$2.95
ISK410
|
|
| Local cheese (8 oz) |
$5.63
DKK39.14
|
$7.27
ISK1,008
|
|
| Milk (1 gallon) |
$8.02
DKK55.79
|
$6.01
ISK833
|
|
|
Eggs
1 dozen
|
$4.78
DKK33.27
|
$5.42
ISK752
|
|
| Boneless chicken breast (1 lb) |
$5.87
DKK40.82
|
$8.51
ISK1,180
|
|
| Apples (1 lb) |
$0.98
DKK6.80
|
$1.22
ISK170
|
|
| Bananas (1 lb) |
$1.17
DKK8.16
|
$1.03
ISK142
|
|
| Oranges (1 lb) |
$1.30
DKK9.07
|
$1.17
ISK162
|
|
| Tomatoes (1 lb) |
$0.78
DKK5.44
|
$1.87
ISK260
|
|
| Potatoes (1 lb) |
$1.17
DKK8.16
|
$1.23
ISK171
|
|
| Onions (1 lb) |
$1.43
DKK9.98
|
$0.78
ISK109
|
|
pay 15.0% more for transportation
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.27
DKK50.59
|
$8.36
ISK1,160
|
|
| Monthly public transit pass | ?? |
$71.28
ISK9,889
|
|
| New Volkswagen Golf 1.4 (standard edition) | ?? |
$40,660.66
ISK5,641,260
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$22.04
ISK3,057
|
|
pay 50.9% more for housing
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$61.08
DKK425.01
|
$72.17
ISK10,013
|
|
| 1-Bedroom apartment in downtown area |
$785.35
DKK5,464.33
|
$1,838.04
ISK255,009
|
|
| 1-Bedroom apartment outside city center |
$790.49
DKK5,500.08
|
$1,497.77
ISK207,801
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$94.06
DKK654.48
|
$58.01
ISK8,049
|
|
pay (unknown) more for childcare
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly | ?? |
$258.16
ISK35,818
|
|
| Middle school for 1 child, two semesters | ?? |
$5,993.99
ISK831,607
|
pay 3.5% more for entertainment and sports
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.62
DKK60.00
|
$9.19
ISK1,275
|
|
| Cappuccino in mid-range area |
$6.11
DKK42.50
|
$4.65
ISK645
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.06
DKK70.00
|
$11.76
ISK1,631
|
|
| Monthly membership at local gym |
$50.02
DKK348.01
|
$61.46
ISK8,527
|
|
| Movie ticket to theater/cinema |
$15.09
DKK105.00
|
$14.35
ISK1,991
|
|
pay 2.4% less for clothing
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$141.28
DKK983.01
|
$111.23
ISK15,432
|
|
|
Regular dress
from H&M or similar store
|
$50.30
DKK350.01
|
$59.69
ISK8,281
|
|
|
Running shoes
Nike or Adidas
|
$146.12
DKK1,016.68
|
$148.00
ISK20,533
|
|
| Men's business shoes (leather) |
$201.22
DKK1,400.02
|
$184.49
ISK25,597
|
|
Change currency:
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Iceland or Faroe Islands. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.