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
DKK163.32
|
$19.40
ISK2,699
|
|
|
Fast food combo meal
McDonalds, or similar
|
$19.35
DKK138.40
|
$16.94
ISK2,357
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.01
DKK21.56
|
$2.81
ISK391
|
|
| Bottle of water (11 fl. oz) |
$2.44
DKK17.47
|
$2.02
ISK281
|
|
pay 9.6% more for groceries
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$7.20
DKK51.52
|
$2.95
ISK411
|
|
| Local cheese (8 oz) |
$5.63
DKK40.23
|
$7.27
ISK1,011
|
|
| Milk (1 gallon) |
$8.02
DKK57.34
|
$6.01
ISK836
|
|
|
Eggs
1 dozen
|
$4.78
DKK34.19
|
$5.42
ISK754
|
|
| Boneless chicken breast (1 lb) |
$5.87
DKK41.96
|
$8.51
ISK1,184
|
|
| Apples (1 lb) |
$0.98
DKK6.99
|
$1.22
ISK170
|
|
| Bananas (1 lb) |
$1.17
DKK8.39
|
$1.03
ISK143
|
|
| Oranges (1 lb) |
$1.30
DKK9.32
|
$1.17
ISK163
|
|
| Tomatoes (1 lb) |
$0.78
DKK5.59
|
$1.87
ISK261
|
|
| Potatoes (1 lb) |
$1.17
DKK8.39
|
$1.23
ISK172
|
|
| Onions (1 lb) |
$1.43
DKK10.26
|
$0.78
ISK109
|
|
pay 15.0% more for transportation
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.27
DKK52.00
|
$8.36
ISK1,163
|
|
| Monthly public transit pass | ?? |
$71.28
ISK9,917
|
|
| New Volkswagen Golf 1.4 (standard edition) | ?? |
$40,660.66
ISK5,657,118
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$22.04
ISK3,066
|
|
pay 50.9% more for housing
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$61.08
DKK436.84
|
$72.17
ISK10,042
|
|
| 1-Bedroom apartment in downtown area |
$785.35
DKK5,616.53
|
$1,838.04
ISK255,726
|
|
| 1-Bedroom apartment outside city center |
$790.49
DKK5,653.28
|
$1,497.77
ISK208,385
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$94.06
DKK672.71
|
$58.01
ISK8,072
|
|
pay (unknown) more for childcare
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly | ?? |
$258.16
ISK35,918
|
|
| Middle school for 1 child, two semesters | ?? |
$5,993.99
ISK833,944
|
pay 3.5% more for entertainment and sports
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.62
DKK61.67
|
$9.19
ISK1,278
|
|
| Cappuccino in mid-range area |
$6.11
DKK43.68
|
$4.65
ISK647
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.06
DKK71.95
|
$11.76
ISK1,636
|
|
| Monthly membership at local gym |
$50.02
DKK357.70
|
$61.46
ISK8,551
|
|
| Movie ticket to theater/cinema |
$15.09
DKK107.93
|
$14.35
ISK1,996
|
|
pay 2.4% less for clothing
|
Faroe Islands
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$141.28
DKK1,010.39
|
$111.23
ISK15,476
|
|
|
Regular dress
from H&M or similar store
|
$50.30
DKK359.75
|
$59.69
ISK8,305
|
|
|
Running shoes
Nike or Adidas
|
$146.12
DKK1,045.00
|
$148.00
ISK20,591
|
|
| Men's business shoes (leather) |
$201.22
DKK1,439.02
|
$184.49
ISK25,669
|
|
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