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
DKK163.32
|
$4.15
NIO152.19
|
|
|
Fast food combo meal
McDonalds, or similar
|
$19.35
DKK138.40
|
$5.48
NIO200.77
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.01
DKK21.56
|
$0.95
NIO34.88
|
|
| Bottle of water (11 fl. oz) |
$2.44
DKK17.47
|
$0.66
NIO24.01
|
|
pay 17.8% less for groceries
|
Faroe Islands
|
Nicaragua
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$7.20
DKK51.52
|
$1.43
NIO52.54
|
|
| Local cheese (8 oz) |
$5.63
DKK40.23
|
$2.35
NIO86.24
|
|
| Milk (1 gallon) |
$8.02
DKK57.34
|
$4.24
NIO155.40
|
|
|
Eggs
1 dozen
|
$4.78
DKK34.19
|
$1.88
NIO68.88
|
|
| Boneless chicken breast (1 lb) |
$5.87
DKK41.96
|
$2.20
NIO80.80
|
|
| Apples (1 lb) |
$0.98
DKK6.99
|
$2.80
NIO102.59
|
|
| Bananas (1 lb) |
$1.17
DKK8.39
|
$0.60
NIO22.05
|
|
| Oranges (1 lb) |
$1.30
DKK9.32
|
$1.72
NIO63.02
|
|
| Tomatoes (1 lb) |
$0.78
DKK5.59
|
$0.65
NIO24.00
|
|
| Potatoes (1 lb) |
$1.17
DKK8.39
|
$1.08
NIO39.60
|
|
| Onions (1 lb) |
$1.43
DKK10.26
|
$0.97
NIO35.66
|
|
pay 29.2% less for transportation
|
Faroe Islands
|
Nicaragua
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.27
DKK52.00
|
$5.15
NIO188.68
|
|
| Monthly public transit pass | ?? |
$30.05
NIO1,101.42
|
|
| New Volkswagen Golf 1.4 (standard edition) | ?? |
$18,168.72
NIO665,904.91
|
|
| Taxi trip in downtown area (5 miles) | ?? |
$5.42
NIO198.54
|
|
pay 48.9% less for housing
|
Faroe Islands
|
Nicaragua
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$61.08
DKK436.84
|
$44.72
NIO1,639.18
|
|
| 1-Bedroom apartment in downtown area |
$785.35
DKK5,616.53
|
$308.00
NIO11,288.64
|
|
| 1-Bedroom apartment outside city center |
$790.49
DKK5,653.28
|
$281.86
NIO10,330.59
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$94.06
DKK672.71
|
$52.83
NIO1,936.14
|
|
pay (unknown) more for childcare
|
Faroe Islands
|
Nicaragua
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly | ?? |
$112.78
NIO4,133.44
|
|
| Middle school for 1 child, two semesters | ?? |
$9,900.00
NIO362,846.61
|
pay 63.7% less for entertainment and sports
|
Faroe Islands
|
Nicaragua
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.62
DKK61.67
|
$1.22
NIO44.63
|
|
| Cappuccino in mid-range area |
$6.11
DKK43.68
|
$2.28
NIO83.56
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.06
DKK71.95
|
$2.97
NIO108.71
|
|
| Monthly membership at local gym |
$50.02
DKK357.70
|
$26.12
NIO957.51
|
|
| Movie ticket to theater/cinema |
$15.09
DKK107.93
|
$7.30
NIO267.46
|
|
pay 52.6% less for clothing
|
Faroe Islands
|
Nicaragua
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$141.28
DKK1,010.39
|
$42.40
NIO1,554.09
|
|
|
Regular dress
from H&M or similar store
|
$50.30
DKK359.75
|
$40.36
NIO1,479.20
|
|
|
Running shoes
Nike or Adidas
|
$146.12
DKK1,045.00
|
$58.79
NIO2,154.78
|
|
| Men's business shoes (leather) |
$201.22
DKK1,439.02
|
$79.04
NIO2,896.85
|
|
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