Cost of living comparison
Faroe Islands is 33.6% cheaper than Monaco.
If you lived in Faroe Islands instead of Monaco, you would:
pay 21.0% less for restaurants
|
Monaco
|
Faroe Islands
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$36.21
€34.34
|
$22.84
DKK161.64
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.32
€10.73
|
$19.35
DKK136.97
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$5.61
€5.32
|
$3.01
DKK21.34
|
|
| Bottle of water (11 fl. oz) |
$8.77
€8.31
|
$2.44
DKK17.29
|
|
pay 32.5% less for groceries
|
Monaco
|
Faroe Islands
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$5.69
€5.40
|
$7.20
DKK50.98
|
|
| Local cheese (8 oz) |
$11.39
€10.80
|
$5.63
DKK39.82
|
|
| Milk (1 gallon) |
$8.62
€8.18
|
$8.02
DKK56.75
|
|
|
Eggs
1 dozen
|
$5.55
€5.26
|
$4.78
DKK33.84
|
|
| Boneless chicken breast (1 lb) |
$8.45
€8.01
|
$5.87
DKK41.53
|
|
| Apples (1 lb) |
$2.57
€2.44
|
$0.98
DKK6.92
|
|
| Bananas (1 lb) |
$2.47
€2.34
|
$1.17
DKK8.31
|
|
| Oranges (1 lb) |
$1.98
€1.88
|
$1.30
DKK9.23
|
|
| Tomatoes (1 lb) |
$2.92
€2.77
|
$0.78
DKK5.54
|
|
| Potatoes (1 lb) |
$1.69
€1.60
|
$1.17
DKK8.31
|
|
| Onions (1 lb) |
$2.02
€1.92
|
$1.43
DKK10.15
|
|
pay 16.2% less for transportation
|
Monaco
|
Faroe Islands
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.68
€8.23
|
$7.27
DKK51.47
|
|
| Monthly public transit pass |
$29.74
€28.21
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$49,160.43
€46,621.89
|
?? | |
| Taxi trip in downtown area (5 miles) |
$21.44
€20.33
|
?? | |
pay 73.1% less for housing
|
Monaco
|
Faroe Islands
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$110.93
€105.20
|
$61.08
DKK432.35
|
|
| 1-Bedroom apartment in downtown area |
$9,401.30
€8,915.83
|
$785.35
DKK5,558.73
|
|
| 1-Bedroom apartment outside city center |
$6,591.34
€6,250.98
|
$790.49
DKK5,595.10
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$292.40
€277.30
|
$94.06
DKK665.79
|
|
pay (unknown) more for childcare
|
Monaco
|
Faroe Islands
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,759.79
€2,617.28
|
?? | |
| Middle school for 1 child, two semesters |
$29,406.50
€27,888.01
|
?? |
pay 22.9% less for entertainment and sports
|
Monaco
|
Faroe Islands
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.11
€8.64
|
$8.62
DKK61.04
|
|
| Cappuccino in mid-range area |
$6.29
€5.97
|
$6.11
DKK43.23
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.06
€11.43
|
$10.06
DKK71.21
|
|
| Monthly membership at local gym |
$512.44
€485.98
|
$50.02
DKK354.02
|
|
| Movie ticket to theater/cinema |
$15.00
€14.23
|
$15.09
DKK106.82
|
|
pay 35.9% less for clothing
|
Monaco
|
Faroe Islands
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$194.39
€184.35
|
$141.28
DKK1,000.00
|
|
|
Regular dress
from H&M or similar store
|
$75.16
€71.28
|
$50.30
DKK356.05
|
|
|
Running shoes
Nike or Adidas
|
$203.37
€192.87
|
$146.12
DKK1,034.25
|
|
| Men's business shoes (leather) |
$446.93
€423.85
|
$201.22
DKK1,424.21
|
|
Change currency:
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Faroe Islands or Monaco. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.