Cost of living comparison
Faroe Islands is 82.9% more expensive than Latvia overall.
- Restaurants
-
pay 2.3 times more in Faroe Islands
- Groceries
-
pay 2.2 times more in Faroe Islands
- Transportation
-
pay 7.6% more in Faroe Islands
- Housing
-
pay 2.0 times more in Faroe Islands
- Entertainment and Sports
-
pay 78.7% more in Faroe Islands
- Clothing
-
pay 60.2% more in Faroe Islands
The cost of restaurants, groceries, housing, entertainment and sports, clothing, and transportation in Faroe Islands are more expensive than in Latvia. Notably, restaurants, groceries, and housing are significantly more expensive in Faroe Islands.
If you lived in Faroe Islands instead of Latvia, you would:
pay 2.3 times more for restaurants
|
Latvia
|
Faroe Islands
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$10.23
€9.09
|
$22.84
DKK151.46
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.08
€6.29
|
$19.35
DKK128.34
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.37
€1.21
|
$3.01
DKK19.99
|
|
| Bottle of water (11 fl. oz) |
$1.17
€1.04
|
$2.44
DKK16.20
|
|
pay 2.2 times more for groceries
|
Latvia
|
Faroe Islands
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.36
€1.21
|
$7.20
DKK47.77
|
|
| Local cheese (8 oz) |
$5.17
€4.60
|
$5.63
DKK37.31
|
|
| Milk (1 gallon) |
$4.66
€4.14
|
$8.02
DKK53.18
|
|
|
Eggs
1 dozen
|
$2.72
€2.42
|
$4.78
DKK31.71
|
|
| Boneless chicken breast (1 lb) |
$3.05
€2.71
|
$5.87
DKK38.91
|
|
| Apples (1 lb) |
$0.58
€0.52
|
$0.98
DKK6.49
|
|
| Bananas (1 lb) |
$0.77
€0.68
|
$1.17
DKK7.78
|
|
| Oranges (1 lb) |
$1.04
€0.93
|
$1.30
DKK8.65
|
|
| Tomatoes (1 lb) |
$1.39
€1.24
|
$0.78
DKK5.19
|
|
| Potatoes (1 lb) |
$0.38
€0.34
|
$1.17
DKK7.78
|
|
| Onions (1 lb) |
$0.37
€0.33
|
$1.43
DKK9.51
|
|
pay 7.6% more for transportation
|
Latvia
|
Faroe Islands
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.76
€6.00
|
$7.27
DKK48.22
|
|
| Monthly public transit pass |
$39.41
€35.03
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$25,606.21
€22,760.08
|
?? | |
| Taxi trip in downtown area (5 miles) |
$9.07
€8.06
|
?? | |
pay 2.0 times more for housing
|
Latvia
|
Faroe Islands
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$17.22
€15.31
|
$61.08
DKK405.11
|
|
| 1-Bedroom apartment in downtown area |
$467.65
€415.67
|
$785.35
DKK5,208.54
|
|
| 1-Bedroom apartment outside city center |
$322.68
€286.81
|
$790.49
DKK5,242.62
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$196.83
€174.95
|
$94.06
DKK623.84
|
|
pay (unknown) more for childcare
|
Latvia
|
Faroe Islands
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$427.69
€380.15
|
?? | |
| Middle school for 1 child, two semesters |
$13,383.30
€11,895.74
|
?? |
pay 78.7% more for entertainment and sports
|
Latvia
|
Faroe Islands
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.87
€3.44
|
$8.62
DKK57.19
|
|
| Cappuccino in mid-range area |
$3.06
€2.72
|
$6.11
DKK40.51
|
|
|
Pack of cigarettes
Marlboro or similar
|
$4.95
€4.40
|
$10.06
DKK66.72
|
|
| Monthly membership at local gym |
$42.71
€37.96
|
$50.02
DKK331.71
|
|
| Movie ticket to theater/cinema |
$10.00
€8.89
|
$15.09
DKK100.09
|
|
pay 60.2% more for clothing
|
Latvia
|
Faroe Islands
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$76.51
€68.00
|
$141.28
DKK937.00
|
|
|
Regular dress
from H&M or similar store
|
$43.17
€38.37
|
$50.30
DKK333.62
|
|
|
Running shoes
Nike or Adidas
|
$84.42
€75.03
|
$146.12
DKK969.09
|
|
| Men's business shoes (leather) |
$120.68
€107.26
|
$201.22
DKK1,334.48
|
|
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