Cost of living comparison
Nicaragua is 47.7% cheaper than Faroe Islands.
If you lived in Nicaragua instead of Faroe Islands, you would:
pay 73.8% less for restaurants
|
Faroe Islands
|
Nicaragua
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$22.84
DKK161.64
|
$4.15
NIO153.25
|
|
|
Fast food combo meal
McDonalds, or similar
|
$19.35
DKK136.97
|
$5.48
NIO202.17
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.01
DKK21.34
|
$0.95
NIO35.12
|
|
| Bottle of water (11 fl. oz) |
$2.44
DKK17.29
|
$0.66
NIO24.18
|
|
pay 17.8% less for groceries
|
Faroe Islands
|
Nicaragua
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$7.20
DKK50.98
|
$1.43
NIO52.91
|
|
| Local cheese (8 oz) |
$5.63
DKK39.82
|
$2.35
NIO86.84
|
|
| Milk (1 gallon) |
$8.02
DKK56.75
|
$4.24
NIO156.49
|
|
|
Eggs
1 dozen
|
$4.78
DKK33.84
|
$1.88
NIO69.36
|
|
| Boneless chicken breast (1 lb) |
$5.87
DKK41.53
|
$2.20
NIO81.36
|
|
| Apples (1 lb) |
$0.98
DKK6.92
|
$2.80
NIO103.31
|
|
| Bananas (1 lb) |
$1.17
DKK8.31
|
$0.60
NIO22.20
|
|
| Oranges (1 lb) |
$1.30
DKK9.23
|
$1.72
NIO63.46
|
|
| Tomatoes (1 lb) |
$0.78
DKK5.54
|
$0.65
NIO24.17
|
|
| Potatoes (1 lb) |
$1.17
DKK8.31
|
$1.08
NIO39.87
|
|
| Onions (1 lb) |
$1.43
DKK10.15
|
$0.97
NIO35.91
|
|
pay 29.2% less for transportation
|
Faroe Islands
|
Nicaragua
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.27
DKK51.47
|
$5.15
NIO190.00
|
|
| Monthly public transit pass | ?? |
$30.05
NIO1,109.10
|
|
| New Volkswagen Golf 1.4 (standard edition) | ?? |
$18,168.72
NIO670,548.20
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$5.42
NIO199.92
|
|
pay 48.9% less for housing
|
Faroe Islands
|
Nicaragua
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$61.08
DKK432.35
|
$44.72
NIO1,650.61
|
|
| 1-Bedroom apartment in downtown area |
$785.35
DKK5,558.73
|
$308.00
NIO11,367.35
|
|
| 1-Bedroom apartment outside city center |
$790.49
DKK5,595.10
|
$281.86
NIO10,402.62
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$94.06
DKK665.79
|
$52.83
NIO1,949.64
|
|
pay (unknown) more for childcare
|
Faroe Islands
|
Nicaragua
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly | ?? |
$112.78
NIO4,162.26
|
|
| Middle school for 1 child, two semesters | ?? |
$9,900.00
NIO365,376.71
|
pay 63.7% less for entertainment and sports
|
Faroe Islands
|
Nicaragua
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.62
DKK61.04
|
$1.22
NIO44.94
|
|
| Cappuccino in mid-range area |
$6.11
DKK43.23
|
$2.28
NIO84.14
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.06
DKK71.21
|
$2.97
NIO109.47
|
|
| Monthly membership at local gym |
$50.02
DKK354.02
|
$26.12
NIO964.18
|
|
| Movie ticket to theater/cinema |
$15.09
DKK106.82
|
$7.30
NIO269.32
|
|
pay 52.6% less for clothing
|
Faroe Islands
|
Nicaragua
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$141.28
DKK1,000.00
|
$42.40
NIO1,564.92
|
|
|
Regular dress
from H&M or similar store
|
$50.30
DKK356.05
|
$40.36
NIO1,489.51
|
|
|
Running shoes
Nike or Adidas
|
$146.12
DKK1,034.25
|
$58.79
NIO2,169.81
|
|
| Men's business shoes (leather) |
$201.22
DKK1,424.21
|
$79.04
NIO2,917.04
|
|
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